Enterprise Products Partners LP, the biggest U.S. pipeline operator by market value, said first- quarter profit rose 6 percent as a frigid winter and surging energy supplies boosted demand for transporting fuel.
Dow Chemical Co. Chief Executive Officer Andrew Liveris said there’s a risk that tighter natural gas markets will hurt the economic assumptions behind Enterprise Products Partners LP’s plan to export U.S. ethane.
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.
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.
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.