Kinder Morgan eyes raising dividend after pipeline deal
After selling a 50 percent stake in its natural gas pipeline network in the Southeast, Kinder Morgan may soon boost dividend payments. Kinder Morgan co-founder and Executive Chairman Rich Kinder said Monday the company is “measurably...
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U.S. drillers hit record for junk bond defaults
HOUSTON – Oil explorers have failed to pay $28.8 billion they owed to junk-bond investors this year, bringing the debt default rate among U.S. drillers to a record level, Fitch Ratings says. It’s a grim...
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Demand for oil in China slipped 2.7 percent in May
HOUSTON – Oil demand in China slipped 2.7 percent in May as the world’s second-largest energy consumer reduced imports, after growing steadily each month this year, S&P Global Platts said Tuesday. The country’s oil demand...
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BG Group to cut more than 150 jobs in Houston, close office
HOUSTON – A U.S. unit of BG Group, the British natural gas producer Shell purchased for more than $50 billion a few months ago, says it’s planning to cut more than 150 Houston jobs as...
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Climate change cost for fossil fuel industry: $33 trillion
The fossil fuel industry risks losing $33 trillion in revenue over the next 25 years as global warming may drive companies to leave oil, natural gas and coal in the ground, according to a...
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