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Stock Market & Financial Investment News

News Breaks
August 5, 2014
11:01 EDTKMPKinder Morgan Energy to invest $54M to expand curde and condensate system
Kinder Morgan Energy announced it will invest approximately $54M to build an interconnect and other facilities for its Kinder Morgan Crude and Condensate pipeline after entering into a long-term transportation agreement with Republic Midstream Marketing. Republic will construct a gathering pipeline from Lavaca County, Texas, to the new interconnection at KMPís DeWitt Station, near Cuero, Texas. In addition to the interconnection, KMP will build two storage tanks, truck offloading racks and related facilities. The project is expected to come online in June 2015.
News For KMP From The Last 14 Days
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September 30, 2014
17:47 EDTKMPKinder Morgan Energy announces extension of Palmetto Project open season
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September 29, 2014
10:02 EDTKMPKinder Morgan announces NOVA Chemicals as anchor shipper for Utopia project
Kinder Morgan Energy Partners announced it has received a long-term transportation agreement from NOVA Chemicals Corporation to transport ethane and ethane-propane mixtures from the prolific Utica shale area through its previously announced Utica To Ontario Pipeline Access project, which is currently in a binding open season that began Sept. 5, 2014, and will close on Oct. 6, 2014. As part of the UTOPIA project, Kinder Morgan Cochin will develop, construct, own and operate a 240-mile, 12-inch diameter pipeline from Harrison County, Ohio, to Kinder Morganís Cochin Pipeline near Riga, Michigan, where the company would then move product eastward to Windsor, Ontario, Canada. UTOPIA would have an initial 50,000 barrels per day of capacity, which is expandable to more than 75,000 bpd. The approximately $500M pipeline project is expected to be in service by early 2018 with the receipt of timely permitting and regulatory approvals.
September 19, 2014
12:39 EDTKMPKinder Morgan spends over $1.5B for hub construction, Reuters says
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