Carl Kirst News
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Williams Cos., the third-largest U.S. pipeline company, is betting as much as $2.4 billion it can profit from a shale-pipeline partnership that Chesapeake Energy Corp. exited earlier this year.
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TransCanada Corp. may lag behind other energy-infrastructure companies as it seeks new growth prospects following President Barack Obama’s rejection of its Keystone XL oil-sands crude pipeline.
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Williams Cos. , the fourth-largest U.S. pipeline operator by market value, will sell as much as 20 percent of its oil and natural-gas exploration unit in an initial public offering.
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Questar Corp., the Salt Lake City- based utility owner, surged as much as 15 percent after saying yesterday it may spin off an oil- and natural-gas production business that accounted for more than 34 percent of net income last year.
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Enbridge Inc.’s plan for a pipeline to carry oil-sands crude from Canada to the Texas Coast may gain a competitive advantage from the U.S. State Department’s demand for further study of TransCanada Corp.’s rival Keystone XL line.
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A group led by Apollo Global Management LLC agreed to acquire El Paso Corp.’s oil and natural gas exploration business for $7.15 billion in the second-biggest private equity takeover of an energy producer.
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Enbridge Inc. may win more customers and better financial terms for its new oil-sands pipeline project while an expanded government review delays TransCanada Corp.’s rival Keystone XL line.
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TransCanada Corp., the Canadian company that proposed to build the $7.6 billion Keystone XL oil pipeline, said second-quarter profit declined 22 percent as it transported less natural gas and power asset earnings fell.
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A multibillion-dollar takeover battle for Southern Union Co. may pit institutional investors against the pipeline company’s top two executives, analysts said.
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Enbridge Inc.’s plans to expand U.S. pipeline capacity may help generate as much as $15 billion for Canadian oil-sands producers such as Suncor Energy Inc. and boost government tax revenue as Alberta crude begins to command a higher price.
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