Kinder Morgan’s Canada Woes Deepen With Pipeline Foes on Brink of Power

By Natalie Obiko Pearson (Bloomberg) -- Kinder Morgan Inc.’s setbacks in Canada just got more complicated. British Columbia’s New Democratic and Green parties on Tuesday signed a power-sharing agreement that will allow them to oust Premier Christy Clark as early as next month. A top pledge: Block Kinder’s C$7.4 billion ($5.5 billion) Trans Mountain pipeline expansion in the … [Read more...]

Kinder Morgan Commits to Trans Mountain Pipeline Expansion Linking Canadian Crude to Asian Markets

By Natalie Obiko Pearson (Bloomberg) -- Kinder Morgan Inc. has committed to expanding a pipeline that will allow Canadian crude to be exported to Asia, a controversial C$7.4 billion ($5.5 billion) project that’s set to face revitalized opposition amid political upheaval in the nation’s Pacific Coast province. The Houston-based company announced its final investment decision … [Read more...]

Killer Whales Pose Newest Threat to Kinder Morgan’s Trans Mountain Oil Pipeline

By Robert Tuttle (Bloomberg) -- Kinder Morgan Inc. will have to address the fate of one more group before completing its Trans Mountain pipeline expansion: killer whales. Less than a month after Canadian Prime Minister Justin Trudeau announced the approval of a plan to almost triple the capacity of Canada’s only oil pipeline to the Pacific coast, the environmental … [Read more...]

Kinder Morgan Grows Jones Act Tanker Fleet

  Kinder Morgan has agreed to take over the existing contracts for the construction of four Jones Act-qualifying product tankers from Philly Tankers as the energy infrastructure company fleet continues to pounce on ripe investment opportunities within its core business. The four new 50,000 DWT, Tier II tanker will be constructed at the Aker … [Read more...]