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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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March 4, 2015
06:29 EDTKMPKinder Morgan Trans Mountain pipeline expansion meets opposition, WSJ says
Kinder Morgan's $4.3B proposal to burrow through Burnaby Mountain is encountering opposition in nearby Vancouver, reports the Wall Street Journal. Kinder's proposed expansion would triple the capacity of the Trans Mountain pipeline and allow Alberta oil sands producer to move 890,000 BPD, while Kinder says it is already planning to increase crude oil shiploads to foreign markets to 34 ships per month. The company plans to start construction in 2016 and complete the project by late 2017, though the expansion is still being reviewed by Canadian regulators who aren't expected to issue a verdict until early 2016. Reference Link

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