Sunday, 19 January 2025

Focus on Kinder Morgan

FILE PHOTO: Model of LNG tanker is seen in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessFinanceLiquefied Natural GasNewsTrade

LNG exporter Venture Global targets up to $110 billion valuation in blockbuster US IPO

Venture Global targets a $110.38B valuation in its IPO, set to capitalize on surging global LNG demand in 2025.

FILE PHOTO: The headquarters of U.S. energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston, Texas, U.S. September 27, 2020. Picture taken September 27, 2020.  REUTERS/Gary McWilliams/File Photo
BusinessInfrastructureNatural GasNewsTransmission

Kinder Morgan’s unit to go ahead with $1.4 billion Mississippi Crossing Project

Kinder Morgan says its unit Tennessee Gas Pipeline will proceed with the nearly $1.4 billion Mississippi Crossing Project.

FILE PHOTO: The headquarters of U.S. energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston, Texas, U.S. September 27, 2020. Picture taken September 27, 2020.  REUTERS/Gary McWilliams/File Photo
BusinessElectricityFinanceFuelInfrastructureNatural GasNewsOilTransmission

Kinder Morgan forecasts higher profit in 2025

The company said it was expecting an adjusted earnings per share of $1.27, up eight per cent compared with its forecast of $1.17...

Nearly six months after its opening, the Trans Mountain pipeline expansion is boosting Canada's energy sector as promised — but questions still linger about who will pay for the project's massive cost overruns. In this photograph taken with a drone, the Trans Mountain Burnaby Terminal tank farm is seen in Burnaby, B.C., on Thursday, April 4, 2024. THE CANADIAN PRESS/Darryl Dyck
BusinessInfrastructureNewsOilPoliticsTrade

Six months on, what has the Trans Mountain pipeline project achieved and what’s next?

The Trans Mountain pipeline carries Alberta's crude oil to the B.C. coast — but questions remain about who will cover its cost overruns.

FILE PHOTO: The headquarters of U.S. energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston, Texas, U.S. September 27, 2020. REUTERS/Gary McWilliams/File Photo
BusinessEconomyInfrastructureNatural GasNewsOilTransmission

Kinder Morgan misses quarterly profit estimates on weak prices, crude volumes

Kinder Morgan Q3 profit misses estimates due to weaker commodity prices and lower crude volumes; natural gas transport rose two per cent.

AnalysisEconomyInfrastructureOilPoliticsReportsTradeTransmission

Is Canada’s Trans Mountain Pipeline providing an inefficient fossil fuel subsidy?

Canada's Trans Mountain Pipeline fossil fuel subsidies burden taxpayers and hinder climate goals, says a report from the IISD.

FILE PHOTO: The headquarters of U.S. energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston, Texas, U.S. September 27, 2020. REUTERS/Gary McWilliams/File Photo
BusinessElectricityFinanceFuelNatural GasNewsOilTransmission

Pipeline and terminal operator Kinder Morgan reports Q2 miss, remains optimistic on natgas demand

The earnings fell short due to higher costs and CO2 segment weakness, with adjusted profit at 25 cents per share, missing estimates.

FILE PHOTO: A general view of the U.S. Supreme Court building in Washington, U.S., June 1, 2024. REUTERS/Will Dunham/File Photo
ClimateCourtsEmissionsEnvironmentIndustryNatural GasNewsPoliticsRegulations

US Supreme Court blocks EPA’s ‘Good Neighbor’ air pollution plan

The U.S. Supreme Court blocked an EPA regulation aimed at reducing ozone emissions that may worsen air pollution in neighboring states.

EconomyNewsOilPoliticsTransmission

Canada increases loan guarantees for Trans Mountain pipeline to $19 billion

The Canadian government has guaranteed another $1 billion in commercial loans for the Trans Mountain pipeline expansion, taking the total government-backed loan facility...

FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S. on May 3, 2017. Picture taken May 3, 2017. REUTERS/Ernest Scheyder/File Photo
BusinessElectricityFinanceHydropowerNatural GasNewsOilTransmission

US power and natgas prices turn negative in Texas, California and Arizona

US spot power and natgas prices turned negative in Texas, California and Arizona as pipeline maintenance trapped gas in the Permian Shale

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