Cheniere Energy Inc. announced that its wholly owned limited partnership, Sabine Pass LNG L.P. has signed agreements with HSBC Securities (USA) Inc. and SG Corporate & Investment Banking, an arm of Societe Generale, to arrange the $741 million debt component of the project financing for the construction of its liquefied natural gas (LNG) receiving terminal in Cameron Parish, LA (see Daily GPI, Sept. 7).
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Kinder Morgan 3Q Tops Wall Street Estimates
Earnings from subsidiaries and ownership in its master limited partnership sent earnings at Kinder Morgan Inc. (KMI) up 17% during the third quarter compared with a year ago. The Houston-based company topped Wall Street estimates by 2 cents/share, with net income of $111.9 million (90 cents/share), compared with $95.6 million (77 cents) in 3Q2003.
Kinder Morgan 3Q Tops Wall Street Estimates
Earnings from subsidiaries and ownership in its master limited partnership sent earnings at Kinder Morgan Inc. (KMI) up 17% during the third quarter compared to 3Q2003. The Houston-based company topped Wall Street estimates by 2 cents/share, with net income of $111.9 million (90 cents/share), compared with $95.6 million (77 cents) in 3Q2003.
Enterprise Sees Strong Demand for Midstream Services
Enterprise Products Partners LP, the second largest publicly-traded midstream energy partnership in the country, reported a strong increase in demand for its energy services in the first quarter, with net income rising to $58.5 million (23 cents/unit), compared with $40.5 million (19 cents) a year earlier.
Enterprise Sees Strong Demand for Midstream Services
Enterprise Products Partners LP, the second largest publicly-traded midstream energy partnership in the country, reported a strong increase in demand for its energy services in the first quarter, with net income rising to $58.5 million (23 cents/unit), compared with $40.5 million (19 cents) a year earlier.
EnCana Calls Predictions of Sable-Deep Panuke Partnership ‘Speculation’
An EnCana spokesman said it was pure speculation by analysts last week regarding whether the company might decide to connect its stalled $1.1 billion Deep Panuke project offshore Nova Scotia to ExxonMobil’s Sable Offshore Energy Project facilities, which are only about 30 miles away. Such a move would mean the cancelation of EnCana’s previous plan to build its own pipeline to the Nova Scotia shore.
EnCana Calls Predictions of Sable-Deep Panuke Partnership ‘Speculation’
An EnCana spokesman reiterated Thursday that the company is holding off on making any announcements regarding its $1.1 billion Deep Panuke project offshore Nova Scotia, which has been on hold since February, until its previously scheduled update for regulators on Dec. 10. He said it was pure speculation by analysts this week regarding whether the company might decide to connect Deep Panuke to ExxonMobil’s Sable Offshore Energy Project facilities, which are only about 30 miles away, and cancel previous plans to build its own pipeline to the Nova Scotia shore.
Fort Chicago to Add PNGTS Stake with DTE Agreement
Canadian pipeline partnership Fort Chicago Energy Partners LP is pumping up its growing natural gas pipeline assets, following an agreement to purchase DTE Energy Co.’s 16.41% interest in the Portland Natural Gas Transmission System (PNGTS) for about C$31.3 million. The high-capacity interstate pipe connects the TransQuebec and Maritimes Pipeline at the Canadian border and the Maritimes and Northeast Pipeline at Westbrook, ME with the Tennessee Gas Pipeline System.
Kinder Morgan Revises Compensation Policy, Sees 2Q Earnings Up 29%
Driven by pipeline earnings within its master limited partnership (MLP) and a solid performance from fee-based assets, Kinder Morgan Inc. (KMI) reported a 29% increase in second quarter earnings on Wednesday. The company also announced major changes to its executive compensation policies to more closely align with what the CEO called shareholder interests.
Kinder Morgan Revises Compensation Policy, Sees 2Q Earnings Up 29%
Driven by pipeline earnings within its master limited partnership (MLP) and a solid performance from fee-based assets, Kinder Morgan Inc. (KMI) reported a 29% increase in second quarter earnings on Wednesday. The company also announced major changes to its executive compensation policies to more closely align with what the CEO called shareholder interests.