News

Jan 30, 2013 Kinder Morgan Energy Partners and Copano Energy announced a definitive agreement whereby KMP will acquire all of Copano’s outstanding units for a total purchase price of approximately $5 billion. The transaction is expected to close in the third quarter of 2013. Copano, a midstream natural gas company with operations primarily in Texas, Oklahoma and Wyoming, provides comprehensive services to natural gas producers, including natural gas gathering, processing, treating and natural gas liquids fractionation. Copano owns ...

Jan 29, 2013 Plans for BP to begin drilling for oil and gas in Liby a are in serious doubt in the aftermath of the terrorist attack on its gas production plant in neighboring Algeria. A BP spokesman said: « We were due to drill in the second half of this year but we are now reviewing that as a result of the situations in Algeria and Benghazi. » BP signed a $900 million exploration and production agreement with ...

Jan 29, 2013 A Royal Dutch Shell unit struck a deal with a Kinder Morgan Inc company to export liquefied natural gas out of an existing import terminal near Savannah, Ga., the companies said Monday. The move, which comes in the wake of a recent report commissioned by the U.S. Department of Energy that came out in favor of LNG exports, is the latest among major energy companies seeking to capitalize on North America’s the newly found abundance ...

Jan 29, 2013 A discovery made last year by BHP Billiton and Apache off the coast of Western Australia state could contain around 500 Bcf of natural gas. Although significant, a resource of this size wouldn’t be large enough to support construction of a standalone LNG, export terminal on the coast. LNG terminals typically require at least 3 -4 Tcf of natural gas to be economically viable. The discovery , however, could be combined with others nearby to ...