Archives for May 2019
Kinder Morgan Canada to remain stand-alone public company
The Canadian arm of Houston pipeline operator Kinder Morgan will remain a stand-alone public company on the Toronto Stock Exchange. Source: FuelFix
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Despite claims of economic diversity, it’s still about oil in Houston
Much has been made of how the Houston economy seemed to skate through the recent oil bust, a feat attributed to a 30-year effort to diversify the region’s industrial mix. That’s not quite the story...
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OTC attendance down for 5th consecutive year
Attendance at the Offshore Technology Conference fell for the fifth consecutive year to 59,200, despite high oil prices and a spike in new discoveries. Source: FuelFix
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Increased operating costs sting Cheniere Energy during first quarter
Houston liquefied natural gas company Cheniere Energy posted a $141 million profit during the first quarter where it was stung by higher operating costs but nonetheless beat Wall Street expectations. Source: FuelFix
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Mild weather in January depressed Centerpoint earnings
Centerpoint Energy, the Houston-based utility company, reported net income of $140 million for the first quarter ended March 31, compared to $165 million during the same quarter one year ago, reflecting more moderate temperatures this...
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