Bradley Olsen News
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North American energy companies are starting to invest more in railroad terminals than the railroads themselves.
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Williams Partners LP, the third- biggest U.S. pipeline partnership, agreed to buy a natural-gas pipeline system in the Marcellus Shale from closely held Caiman Energy LLC for $2.5 billion in cash and equity.
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Williams Cos. rose after the partnership it controls, Williams Partners LP, agreed to buy a natural-gas pipeline system in the Marcellus Shale for $2.5 billion in cash and stock.
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Carlyle Group, the Washington-based private-equity firm that went public this year, is taking over operations of a Sunoco Inc. refinery on a bet that revived U.S. oil and natural-gas output can restore to profit the oldest continually operating refinery on the U.S. East Coast.
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Kinder Morgan Energy Partners LP, the second-biggest U.S. pipeline operator, said it will decide by the end of March whether to move ahead with a $3.8 billion expansion of its Trans Mountain oil-sands pipeline after receiving ample interest from shippers.
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Enterprise Products Partners LP and Enbridge Inc. plan to build a 500-mile (800-kilometer) pipeline to move crude from a bottleneck at Cushing, Oklahoma, to refineries on the U.S. Gulf Coast.
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Kinder Morgan Inc., which this year will become the largest U.S. pipeline company after its $20.7 billion purchase of El Paso Corp., aims to extend its lead over competitors in transporting oil across Canada for export to higher-paying markets in Asia.
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Kinder Morgan Inc. may reap more than $900 million if it has to sell natural-gas pipelines in the Rocky Mountains to secure federal approval of its $21 billion acquisition of El Paso Corp., scheduled to close in the second quarter.
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Kinder Morgan Energy Partners LP, whose parent is buying El Paso Corp., said third-quarter profit fell on costs related to an acquisition in July.
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The shale boom that sent natural-gas prices to a 10-year low is being felt for the first time in the oil markets.
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