Archives for 2017
Kinder Morgan Canada completes IPO for Trans Mountain Pipeline
Kinder Morgan on Tuesday said its Canadian subsidiary completed its initial public offering, raising $1.3 billion to expand its Trans Mountain pipeline. With the IPO closing at about $13 a share, Kinder Morgan is committed to...
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Gas demand and prices key to OPEC success
Reduced demand for gasoline and lower pump prices could undermine the Organization of Petroleum Producing Countries’ attempts to cut crude oil production and boost prices, according to research from the Chicago-based firm Morningstar. Last week,...
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Ensco buying Houston’s Atwood Oceanics for $840 million
Ensco said it will buy Houston’s Atwood Oceanics for about $840 million in a pairing of struggling deepwater drillers. London-based Ensco, which has operational headquarters in Houston, said it’s acquiring Atwood in an all-stock deal...
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U.S. rig count up in 19th straight weekly increase
Drillers dispatched another seven oil and gas rigs to U.S. fields over the past week, Baker Hughes said Friday, marking the rig count’s 19th consecutive weekly increase. That increase brought the nation’s active rig count...
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Fire at Anadarko oil tank site kills worker, injures 3
A fire at an oil tank battery owned by Anadarko Petroleum Corp. killed one worker and injured three others in Colorado on Thursday afternoon, authorities and the company confirmed. Contracted workers were doing maintenance work...
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