COST: 1.225 $B
VOLUMES: 41 Bcf
COST: 830 $MM
COST: 4.35 $B
COST: 4.5 $B
COST: 555 $MM
LONDON, Jan. 15, 2021 /PRNewswire/ -- In Namibia, an African venue that is being set up as the scene of the world's next—and possibly last—major onshore oil discovery, the oil and gas rights to an entire 8.5-million-acre sedimentary basin are owned by a single, small company. Mentioned in today's commentary includes: Occidental Petroleum Corporation (NYSE: OXY), Kinder Morgan, Inc. (NYSE: KMI), Equinor ASA (NYSE: EQNR), Apache Corporation (NASDAQ: APA), Crescent Point Energy Corp. (NYSE: CPG).
Now, Wood Mackenzie, the most trusted name in oil and gas resource assessments, has issued a report stating that this same basin is analogous to three world-class basins, including the $540-billion Midland Basin in Texas.
One of the most respected petroleum geochemists in the world, Dan Jarvie, came out of retirement for this play and believes this could be one of the largest oil basins worldwide, and his conservative estimate is that it could hold over 100 billion barrels of oil.
Just 40 days from now, the first well should be complete …And just a few weeks after that, the analytical results should start coming in. A discovery barely moves the needle on an integrated supermajor that's typically involved in drilling a basin of this scope and scale.
But for a junior, even the start of a drill can have maximum impact on share prices… And the junior company stealing the show is Reconnaissance Energy Africa (RECO.V, RECAF).
#1 This 'African Permian' Play Is Considered Analogous to the Midland Basin
Massively underexplored Africa is most likely the only place in the world left where we can possibly anticipate a major onshore oil and gas discovery. If that ends up being Namibia--all the more exciting. This under-explored country has never produced a single barrel of oil in its history. Either onshore or offshore and has excellent fiscal terms and infrastructure.
Exxon (XOM) has already scooped up an additional 7 million net acres offshore …But onshore, it's all about Recon Africa, which strategically swooped in to acquire the rights to the entire Kavango sedimentary basin from Namibia all the way to Botswana. That's a basin over 8.5 million acres, almost the size of Switzerland.
When Kavango first came to the world's attention a few years ago, another world-renowned geologist and geophysicist, Bill Cathey, who works with the oil and gas supermajors, studied the basin and said: "Nowhere in the world is there a sedimentary basin this deep that does not produce commercial hydrocarbons."
Then, Jarvie, a key force behind the Barnett Gas play and former chief geochemist for EOG Resources, jumped in on RECO as a shareholder because he saw a "very strong, independent junior explorer… sitting on a sedimentary basin that rivals South Texas in a massively underexplored region". Jarvie's own estimates 100+billion barrels of oil equivalent are based only on 12% of Recon Africa's (RECO.V, RECAF) total holdings.
#2 Analyst Coverage Is Decidedly Bullish—It Just Nearly Doubled
Haywood is all over this one. In early November, Haywood initiated coverage with a short-term $2.50 price on RECO because the company is "set and funded to de-risk a potentially material resource play onshore Namibia and Botswana with 1,348 mmbbls/58.1 Tcf, a conservative estimated prospective recoverable resource (gross)."
In arriving at its 12-month target price of $2.50/share, Haywood has risked this upside potential by a 6% chance of commercialization. In other words, they're playing it uber-cautious with the $2.50 price tag. But in December Haywood raised its short term price target to $4.00 per share.
More to the point, Haywood recommended "accumulating a position ahead of drilling/evaluation news flow in H1/21 aimed at proving up the presence of a working hydrocarbons system, which if confirmed, should provide abundant opportunities for further exploration and appraisal drilling".
Haywood is also hanging on Dan Jarvie's expertise here, with good reason. So, given the scale of the basin--again, we're talking about 8.5 million acres--a discovery would present manifold opportunities for strategic joint ventures for further de-risking--without share equity dilution. And now, that story just got even better ….
#3 Drilling Just Started ….
With the drill bit just hitting the ground on this massive African Permian play, If Dan Jarvie Is Right, RECO could end up going from a small-cap to a multi-billion-dollar company.
Torridon Investments has also initiated coverage, calling Recon Africa (RECO.V, RECAF) a "corporate story with a dedicated and internationally first-class management and technical team".
The catalysts are all there, with the drill bit already hitting the ground in a 6-2 well spud. By the second half of this year, it's likely RECO will already be in JV discussions if drilling goes as planned.
#4 This is the grand oil lottery
This is the oil lottery, but Recon Africa (RECO.V, RECAF) is not your average wildcatter. This is something entirely different. This is one of those oil opportunities that almost never comes around. This is a "high-conviction play", according to Torrindo's coverage, with a basin that is "one of the most significant underdeveloped basins of such depth globally".
Recon Africa has put together a veritable "who's who" exploration and technical team to move this project forward with some of the most qualified and successful oil "finders" in the business.
This is the best of the best--all of them confident in the chance of discovering the largest oil play in the last 20 to 30 years.
Oil Majors Are Making Moves In The Market, As Well
Norwegian oil and gas giant Equinor ASA (EQNR) is one of a handful of oil companies that managed to turn a profit in the tumultuous market after its oil storage bet paid off big time. Equinor reported a surprise adjusted net income of $646M for the second quarter, trouncing Wall Street's expectations for a loss of $250M thanks to huge trading profits despite a huge 53 percent plunge in revenue to $8.04B.
Equinor has has taken a technology-driven approach to the oil price crash in a way that few other companies have been able to. It's even brought the "remote" work idea to its oil rigs. Equinor's Valemon, situated 160km from land, contains about 192 million barrels of oil equivalent. Its remote employees are expected to spend two weeks a year on the vessel to familiarize themselves with the space, alleviating some of these safety concerns.
While Equinor's share price was hit hard in March 2020, it is already trading near its January 2020 prices thanks to its innovative approach to the crisis. And as the green push accelerates, Equinor may emerge as one of the most balanced energy companies in the business, making it particularly appealing as many other oil companies fall out of favor with investors.
Occidental Petroleum (OXY) had a particularly turbulent 2020. Like all other oil firms everywhere in the world, Occidental struggled with the weak oil and gas prices, which impact the value of its proved and unproved oil and gas reserves.
The crisis even lead to the collapse of a key deal in which Total was to buy Occidental's assets in Ghana. The collapsed deal was another blow to Occidental, which was relying on the sale of Anadarko's African assets to receive a total of US$8.8 billion that could partially reduce the huge debt it had accumulated to buy Anadarko in what analysts now see as an ill-timed decision to pursue such a huge and leveraged transaction.
With the troubles of 2020 in its rear-view mirror, the company is looking to capitalize on the inevitable rebound in oil. And it's already beginning to materialize. Since November, Occidental stock has already risen by 100%, and this rally could kick into high gear in the coming months.
Major North American pipeline operator Kinder Morgan (KMI) has been particularly upbeat in recent months. In fact, in early December, it issued optimistic updates ,planning higher dividends and expecting more profits in 2021, after the challenges the oil industry has faced this year.
Kinder Morgan also expects to raise its dividend for 2021 by 3 percent compared to this year. The company expects the board to declare a Q4 dividend of US$0.2625 per share or US$1.05 annualized. The board expects the 2021 dividend to be US$1.08 per share annualized, or a 3-percent increase from the 2020 dividend.
It was an interesting 2020 for Apache Energy (APA) investors, to say the least. Late in 2019, it fired its iconic VP of worldwide exploration, Steven Keenan after disappointing exploration results offshore Suriname, which was supposed to turn into another wild ride like Exxon's series of discoveries just across the maritime border in Guyana.
Despite the downturn, Apache still managed to beat other key players in the shale patch—but all eyes are now on Suriname, exactly where they should be. This is history in the making, and the upside is looking good.
Crescent Point Energy Corp. (CPG) was another Canadian oil producer that struggled in the oil price crisis of last year. The mid-cap company saw its share price tumble from a January high of $4.56 to an all-time low of just $0.70 as oil demand dissipated and prices tumbled into the negatives in a historically bad first-quarter. The terrible year forced the company to lower output and capex forecasts for 2021.
Despite its struggles, however, Crescent has seen its share price climb significantly over the past month. In fact, it has even received a 'strong buy' signal from analysts at Zack's thanks to its strong price performance and improving technical.
Matt Murphy, an analyst with energy research firm Tudor Pickering Holt explained, "There will be a bit of incremental growth in excess of this record," adding, "Our model shows the oil sands getting to 3.3 million bpd by the middle of 2021."
By. Cliff Shrew
**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**
Forward-Looking Statements. Statements contained in this document that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Recon. All estimates and statements with respect to Recon's operations, its plans and projections, size of potential oil reserves, comparisons to other oil producing fields, oil prices, recoverable oil, production targets, production and other operating costs and likelihood of oil recoverability are forward-looking statements under applicable securities laws and necessarily involve risks and uncertainties including, without limitation: risks associated with oil and gas exploration, timing of reports, development, exploitation and production, geological risks, marketing and transportation, availability of adequate funding, volatility of commodity prices, imprecision of reserve and resource estimates, environmental risks, competition from other producers, government regulation, dates of commencement of production and changes in the regulatory and taxation environment. Actual results may vary materially from the information provided in this document, and there is no representation that the actual results realized in the future will be the same in whole or in part as those presented herein. Other factors that could cause actual results to differ from those contained in the forward-looking statements are also set forth in filings that Recon and its technical analysts have made, We undertake no obligation, except as otherwise required by law, to update these forward-looking statements except as required by law.
Exploration for hydrocarbons is a speculative venture necessarily involving substantial risk. Recon's future success will depend on its ability to develop its current properties and on its ability to discover resources that are capable of commercial production. However, there is no assurance that Recon's future exploration and development efforts will result in the discovery or development of commercial accumulations of oil and natural gas. In addition, even if hydrocarbons are discovered, the costs of extracting and delivering the hydrocarbons to market and variations in the market price may render uneconomic any discovered deposit. Geological conditions are variable and unpredictable. Even if production is commenced from a well, the quantity of hydrocarbons produced inevitably will decline over time, and production may be adversely affected or may have to be terminated altogether if Recon encounters unforeseen geological conditions. Adverse climatic conditions at such properties may also hinder Recon's ability to carry on exploration or production activities continuously throughout any given year.
DISCLAIMERS
ADVERTISEMENT. This communication is not a recommendation to buy or sell securities. Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively "the Company") have been paid by Recon seventy thousand U.S. dollars to write and disseminate this article. As the Company has been paid for this article, there is a major conflict with our ability to be unbiased, more specifically:
This communication is for entertainment purposes only. Never invest purely based on our communication. We have not been compensated but may in the future be compensated to conduct investor awareness advertising and marketing for RECO. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the company. Frequently companies profiled in our alerts experience a large increase in volume and share price during the course of investor awareness marketing, which often end as soon as the investor awareness marketing ceases. The information in our communications and on our website has not been independently verified and is not guaranteed to be correct.
SHARE OWNERSHIP. The owner of Oilprice.com owns shares of this featured company and therefore has an additional incentive to see the featured company's stock perform well. The owner of Oilprice.com will not notify the market when it decides to buy more or sell shares of this issuer in the market. The owner of Oilprice.com will be buying and selling shares of this issuer for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.
NOT AN INVESTMENT ADVISOR. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.
DISCLAIMER: OilPrice.com is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with OilPrice.com or any company mentioned herein. The commentary, views and opinions expressed in this release by OilPrice.com are solely those of OilPrice.com and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.
FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Contact Information:
Media Contact e-mail: editor@financialnewsmedia.com, U.S. Phone: +1(954)345-0611
View original content:http://www.prnewswire.com/news-releases/big-oil-missed-this-now-it-could-be-worth-billions-301208975.html
SOURCE Oilprice.com
FN Media Group Presents Oilprice.com Market Commentary
LONDON, Jan. 15, 2021 /PRNewswire/ -- In Namibia, an African venue that is being set up as the scene of the world's next—and possibly last—major onshore oil discovery, the oil and gas rights to an entire 8.5-million-acre sedimentary basin are owned by a single, small company. Mentioned in today's commentary includes: Occidental Petroleum Corporation (NYSE: OXY), Kinder Morgan, Inc. (NYSE: KMI), Equinor ASA (NYSE: EQNR), Apache Corporation (NASDAQ: APA), Crescent Point Energy Corp. (NYSE: CPG).
Now, Wood Mackenzie, the most trusted name in oil and gas resource assessments, has issued a report stating that this same basin is analogous to three world-class basins, including the $540-billion Midland Basin in Texas.
One of the most respected petroleum geochemists in the world, Dan Jarvie, came out of retirement for this play and believes this could be one of the largest oil basins worldwide, and his conservative estimate is that it could hold over 100 billion barrels of oil.
Just 40 days from now, the first well should be complete …And just a few weeks after that, the analytical results should start coming in. A discovery barely moves the needle on an integrated supermajor that's typically involved in drilling a basin of this scope and scale.
But for a junior, even the start of a drill can have maximum impact on share prices… And the junior company stealing the show is Reconnaissance Energy Africa (RECO.V, RECAF).
#1 This 'African Permian' Play Is Considered Analogous to the Midland Basin
Massively underexplored Africa is most likely the only place in the world left where we can possibly anticipate a major onshore oil and gas discovery. If that ends up being Namibia--all the more exciting. This under-explored country has never produced a single barrel of oil in its history. Either onshore or offshore and has excellent fiscal terms and infrastructure.
Exxon (XOM) has already scooped up an additional 7 million net acres offshore …But onshore, it's all about Recon Africa, which strategically swooped in to acquire the rights to the entire Kavango sedimentary basin from Namibia all the way to Botswana. That's a basin over 8.5 million acres, almost the size of Switzerland.
When Kavango first came to the world's attention a few years ago, another world-renowned geologist and geophysicist, Bill Cathey, who works with the oil and gas supermajors, studied the basin and said: "Nowhere in the world is there a sedimentary basin this deep that does not produce commercial hydrocarbons."
Then, Jarvie, a key force behind the Barnett Gas play and former chief geochemist for EOG Resources, jumped in on RECO as a shareholder because he saw a "very strong, independent junior explorer… sitting on a sedimentary basin that rivals South Texas in a massively underexplored region". Jarvie's own estimates 100+billion barrels of oil equivalent are based only on 12% of Recon Africa's (RECO.V, RECAF) total holdings.
#2 Analyst Coverage Is Decidedly Bullish—It Just Nearly Doubled
Haywood is all over this one. In early November, Haywood initiated coverage with a short-term $2.50 price on RECO because the company is "set and funded to de-risk a potentially material resource play onshore Namibia and Botswana with 1,348 mmbbls/58.1 Tcf, a conservative estimated prospective recoverable resource (gross)."
In arriving at its 12-month target price of $2.50/share, Haywood has risked this upside potential by a 6% chance of commercialization. In other words, they're playing it uber-cautious with the $2.50 price tag. But in December Haywood raised its short term price target to $4.00 per share.
More to the point, Haywood recommended "accumulating a position ahead of drilling/evaluation news flow in H1/21 aimed at proving up the presence of a working hydrocarbons system, which if confirmed, should provide abundant opportunities for further exploration and appraisal drilling".
Haywood is also hanging on Dan Jarvie's expertise here, with good reason. So, given the scale of the basin--again, we're talking about 8.5 million acres--a discovery would present manifold opportunities for strategic joint ventures for further de-risking--without share equity dilution. And now, that story just got even better ….
#3 Drilling Just Started ….
With the drill bit just hitting the ground on this massive African Permian play, If Dan Jarvie Is Right, RECO could end up going from a small-cap to a multi-billion-dollar company.
Torridon Investments has also initiated coverage, calling Recon Africa (RECO.V, RECAF) a "corporate story with a dedicated and internationally first-class management and technical team".
The catalysts are all there, with the drill bit already hitting the ground in a 6-2 well spud. By the second half of this year, it's likely RECO will already be in JV discussions if drilling goes as planned.
#4 This is the grand oil lottery
This is the oil lottery, but Recon Africa (RECO.V, RECAF) is not your average wildcatter. This is something entirely different. This is one of those oil opportunities that almost never comes around. This is a "high-conviction play", according to Torrindo's coverage, with a basin that is "one of the most significant underdeveloped basins of such depth globally".
Recon Africa has put together a veritable "who's who" exploration and technical team to move this project forward with some of the most qualified and successful oil "finders" in the business.
This is the best of the best--all of them confident in the chance of discovering the largest oil play in the last 20 to 30 years.
Oil Majors Are Making Moves In The Market, As Well
Norwegian oil and gas giant Equinor ASA (EQNR) is one of a handful of oil companies that managed to turn a profit in the tumultuous market after its oil storage bet paid off big time. Equinor reported a surprise adjusted net income of $646M for the second quarter, trouncing Wall Street's expectations for a loss of $250M thanks to huge trading profits despite a huge 53 percent plunge in revenue to $8.04B.
Equinor has has taken a technology-driven approach to the oil price crash in a way that few other companies have been able to. It's even brought the "remote" work idea to its oil rigs. Equinor's Valemon, situated 160km from land, contains about 192 million barrels of oil equivalent. Its remote employees are expected to spend two weeks a year on the vessel to familiarize themselves with the space, alleviating some of these safety concerns.
While Equinor's share price was hit hard in March 2020, it is already trading near its January 2020 prices thanks to its innovative approach to the crisis. And as the green push accelerates, Equinor may emerge as one of the most balanced energy companies in the business, making it particularly appealing as many other oil companies fall out of favor with investors.
Occidental Petroleum (OXY) had a particularly turbulent 2020. Like all other oil firms everywhere in the world, Occidental struggled with the weak oil and gas prices, which impact the value of its proved and unproved oil and gas reserves.
The crisis even lead to the collapse of a key deal in which Total was to buy Occidental's assets in Ghana. The collapsed deal was another blow to Occidental, which was relying on the sale of Anadarko's African assets to receive a total of US$8.8 billion that could partially reduce the huge debt it had accumulated to buy Anadarko in what analysts now see as an ill-timed decision to pursue such a huge and leveraged transaction.
With the troubles of 2020 in its rear-view mirror, the company is looking to capitalize on the inevitable rebound in oil. And it's already beginning to materialize. Since November, Occidental stock has already risen by 100%, and this rally could kick into high gear in the coming months.
Major North American pipeline operator Kinder Morgan (KMI) has been particularly upbeat in recent months. In fact, in early December, it issued optimistic updates ,planning higher dividends and expecting more profits in 2021, after the challenges the oil industry has faced this year.
Kinder Morgan also expects to raise its dividend for 2021 by 3 percent compared to this year. The company expects the board to declare a Q4 dividend of US$0.2625 per share or US$1.05 annualized. The board expects the 2021 dividend to be US$1.08 per share annualized, or a 3-percent increase from the 2020 dividend.
It was an interesting 2020 for Apache Energy (APA) investors, to say the least. Late in 2019, it fired its iconic VP of worldwide exploration, Steven Keenan after disappointing exploration results offshore Suriname, which was supposed to turn into another wild ride like Exxon's series of discoveries just across the maritime border in Guyana.
Despite the downturn, Apache still managed to beat other key players in the shale patch—but all eyes are now on Suriname, exactly where they should be. This is history in the making, and the upside is looking good.
Crescent Point Energy Corp. (CPG) was another Canadian oil producer that struggled in the oil price crisis of last year. The mid-cap company saw its share price tumble from a January high of $4.56 to an all-time low of just $0.70 as oil demand dissipated and prices tumbled into the negatives in a historically bad first-quarter. The terrible year forced the company to lower output and capex forecasts for 2021.
Despite its struggles, however, Crescent has seen its share price climb significantly over the past month. In fact, it has even received a 'strong buy' signal from analysts at Zack's thanks to its strong price performance and improving technical.
Matt Murphy, an analyst with energy research firm Tudor Pickering Holt explained, "There will be a bit of incremental growth in excess of this record," adding, "Our model shows the oil sands getting to 3.3 million bpd by the middle of 2021."
By. Cliff Shrew
**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**
Forward-Looking Statements. Statements contained in this document that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Recon. All estimates and statements with respect to Recon's operations, its plans and projections, size of potential oil reserves, comparisons to other oil producing fields, oil prices, recoverable oil, production targets, production and other operating costs and likelihood of oil recoverability are forward-looking statements under applicable securities laws and necessarily involve risks and uncertainties including, without limitation: risks associated with oil and gas exploration, timing of reports, development, exploitation and production, geological risks, marketing and transportation, availability of adequate funding, volatility of commodity prices, imprecision of reserve and resource estimates, environmental risks, competition from other producers, government regulation, dates of commencement of production and changes in the regulatory and taxation environment. Actual results may vary materially from the information provided in this document, and there is no representation that the actual results realized in the future will be the same in whole or in part as those presented herein. Other factors that could cause actual results to differ from those contained in the forward-looking statements are also set forth in filings that Recon and its technical analysts have made, We undertake no obligation, except as otherwise required by law, to update these forward-looking statements except as required by law.
Exploration for hydrocarbons is a speculative venture necessarily involving substantial risk. Recon's future success will depend on its ability to develop its current properties and on its ability to discover resources that are capable of commercial production. However, there is no assurance that Recon's future exploration and development efforts will result in the discovery or development of commercial accumulations of oil and natural gas. In addition, even if hydrocarbons are discovered, the costs of extracting and delivering the hydrocarbons to market and variations in the market price may render uneconomic any discovered deposit. Geological conditions are variable and unpredictable. Even if production is commenced from a well, the quantity of hydrocarbons produced inevitably will decline over time, and production may be adversely affected or may have to be terminated altogether if Recon encounters unforeseen geological conditions. Adverse climatic conditions at such properties may also hinder Recon's ability to carry on exploration or production activities continuously throughout any given year.
DISCLAIMERS
ADVERTISEMENT. This communication is not a recommendation to buy or sell securities. Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively "the Company") have been paid by Recon seventy thousand U.S. dollars to write and disseminate this article. As the Company has been paid for this article, there is a major conflict with our ability to be unbiased, more specifically:
This communication is for entertainment purposes only. Never invest purely based on our communication. We have not been compensated but may in the future be compensated to conduct investor awareness advertising and marketing for RECO. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the company. Frequently companies profiled in our alerts experience a large increase in volume and share price during the course of investor awareness marketing, which often end as soon as the investor awareness marketing ceases. The information in our communications and on our website has not been independently verified and is not guaranteed to be correct.
SHARE OWNERSHIP. The owner of Oilprice.com owns shares of this featured company and therefore has an additional incentive to see the featured company's stock perform well. The owner of Oilprice.com will not notify the market when it decides to buy more or sell shares of this issuer in the market. The owner of Oilprice.com will be buying and selling shares of this issuer for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.
NOT AN INVESTMENT ADVISOR. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.
DISCLAIMER: OilPrice.com is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with OilPrice.com or any company mentioned herein. The commentary, views and opinions expressed in this release by OilPrice.com are solely those of OilPrice.com and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.
FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Contact Information:
Media Contact e-mail: editor@financialnewsmedia.com, U.S. Phone: +1(954)345-0611
HOUSTON, Jan. 31, 2019 /PRNewswire/ - Texas COLT, a proposed joint venture among Enbridge Inc. (NYSE: ENB) (TSX: ENB), Kinder Morgan, Inc. (NYSE: KMI) and Oiltanking, today announced that it has submitted an application with the U.S. Maritime Administration (MARAD) to construct and operate a deepwater crude oil export port located off the coast of Freeport, TX.
The Texas COLT Project includes an offshore platform and two offshore loading single point mooring buoys capable of fully loading a 2-million-barrel Very Large Crude Carrier (VLCC) in approximately 24 hours. The offshore facilities will be connected by a 42" pipeline to an onshore tank farm that will have up to 15 million barrels of storage capacity.
Today's submittal with MARAD begins the application process for Texas COLT which is planned to be in-service by 2022.
Forward-Looking Statement
Forward-looking information, or forward-looking statements, has been included in this news release to provide information about Texas COLT. Forward-looking information or statements included in this news release include descriptions of the Texas COLT project. Although Texas COLT believes these forward-looking statements are reasonable based on the information available on the date such statements are made and processes used to prepare the information, such statements are not guarantees of future performance and readers are cautioned against placing undue reliance on forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results to differ materially from those expressed or implied by such statements. Except to the extent required by applicable law, Texas COLT assumes no obligation to publicly update or revise any forward-looking statements made in this news release or otherwise, whether as a result of new information, future events or otherwise. All subsequent forward-looking statements, whether written or oral, attributable to Texas COLT or persons acting on Texas COLT's behalf, are expressly qualified in their entirety by these cautionary statements.
About Enbridge Inc.
Enbridge is North America's premier energy infrastructure company with strategic business platforms that include an extensive network of crude oil, liquids and natural gas pipelines, regulated natural gas distribution utilities and renewable power generation. The Company safely delivers an average of 2.9 million barrels of crude oil each day through its Mainline and Express Pipeline; accounts for approximately 62% of U.S.-bound Canadian crude oil exports; and moves approximately 22% of all natural gas consumed in the U.S., serving key supply basins and demand markets. The Company's regulated utilities serve approximately 3.7 million retail customers in Ontario, Quebec, and New Brunswick. Enbridge also has interests in more than 1,700 MW of net renewable generating capacity in North America and Europe. The Company has ranked on the Global 100 Most Sustainable Corporations index for the past nine years; its common shares trade on the Toronto and New York stock exchanges under the symbol ENB.
Life takes energy and Enbridge exists to fuel people's quality of life. For more information, visit www.enbridge.com.
About Kinder Morgan
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. We own an interest in or operate approximately 84,000 miles of pipelines and 157 terminals. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals transload and store liquid commodities including petroleum products, ethanol and chemicals, and bulk products, including petroleum coke, metals and ores.
For more information please visit www.kindermorgan.com.
About Oiltanking
Oiltanking GmbH is a subsidiary of Marquard & Bahls, a Hamburg-based company that operates in the fields of energy supply, trading and logistics. Oiltanking is one of the largest independent tank storage providers for petroleum products, chemicals and gases worldwide. The company owns and operates 73 terminals in 24 countries within Europe, North America, Latin America, the Middle East, Africa, India, and the Asia-Pacific region. Oiltanking has an overall storage capacity of 20 million cbm.
FOR FURTHER INFORMATION PLEASE CONTACT:
Enbridge Inc.
Media
Devin Hotzel
Toll Free: (888) 992-0997
Email: media@enbridge.com
Investment Community
Jonathan Gould
Toll Free: (800) 481-2804
Email: investor.relations@enbridge.com
Kinder Morgan, Inc.
Media
Dave Conover
(713)-420-6397
newsroom@kindermorgan.com
Investment Community
Investor Relations
(800) 348-7320
km_ir@kindermorgan.com
Oiltanking
Media
Karl Henrik Dahl
+49 40 37004-744
karl.dahl@oiltanking.com
Jerry Hardman
281-457-7940
jerry.hardman@oiltanking.com
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SOURCE Enbridge Inc.
DALLAS, Jan. 3, 2018 /PRNewswire/ -- Alerian announced today the real-time launch of the Alerian Energy Infrastructure Capital Strength Select Index, a composite of North American midstream, refining, and utility companies chosen for their ownership of pipeline transportation assets, leverage profile, and above-market dividend payments. The index is disseminated real-time on a price-return basis (AMCS) and on a total-return basis (AMCST).
"The AMCS was designed with the understanding that the portion of the North American energy value chain from midstream to distribution has become increasingly integrated," said Alerian President and CEO Kenny Feng. "The composition of this index also seeks to address growing investor focus on strengthening balance sheets and improving corporate governance."
Constituents as of January 2, 2018
Name |
Ticker |
AltaGas Ltd |
ALA |
Antero Midstream Partners LP |
AM |
Andeavor |
ANDV |
Buckeye Partners LP |
BPL |
Boardwalk Pipeline Partners LP |
BWP |
CenterPoint Energy Inc |
CNP |
Cheniere Energy Partners LP Holdings LLC |
CQH |
Dominion Energy Inc |
D |
Enbridge Inc |
ENB |
EnLink Midstream LLC |
ENLC |
Enterprise Products Partners LP |
EPD |
EQT GP Holdings LP |
EQGP |
Gibson Energy Inc |
GEI |
HollyFrontier Corp |
HFC |
Inter Pipeline Ltd |
IPL |
Keyera Corp |
KEY |
Kinder Morgan Inc |
KMI |
Macquarie Infrastructure Corp |
MIC |
Magellan Midstream Partners LP |
MMP |
Marathon Petroleum Corp |
MPC |
OGE Energy Corp |
OGE |
ONEOK Inc |
OKE |
Plains GP Holdings LP |
PAGP |
Pembina Pipeline Corp |
PPL |
Phillips 66 |
PSX |
Sempra Energy |
SRE |
Tallgrass Energy GP LP |
TEGP |
TransCanada Corp |
TRP |
Valero Energy Corp |
VLO |
Western Gas Equity Partners LP |
WGP |
The Williams Companies Inc |
WMB |
About Alerian
Alerian equips investors to make informed decisions about Master Limited Partnerships (MLPs) and energy infrastructure. Its benchmarks, including the flagship Alerian MLP Index (AMZ), are widely used by industry executives, investment professionals, research analysts, and national media to analyze relative performance. As of December 31, 2017, over $16 billion is directly tied to the Alerian Index Series through exchange-traded funds and notes, separately managed accounts, and structured products. For more information, including index values and constituents, research content, and announcements regarding rebalancings, please visit alerian.com.
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SOURCE Alerian
HOUSTON, Jan. 24, 2017 /PRNewswire/ --
What: Kinder Morgan 2017 Analyst Day Conference
When: Jan. 25, 2017, at 8:00 a.m. CT, 9:00 a.m. ET
Where: http://ir.kindermorgan.com/presentations-webcasts
How: Live over the Internet. Simply log on to the web at the above address. If you are unable to listen during the live webcast, the call will be archived and available at the same address as above.
Kinder Morgan, Inc. (NYSE: KMI) is the largest energy infrastructure company in the United States. It owns an interest in or operates approximately 84,000 miles of pipelines and 155 terminals. KMI's pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals, and handle bulk materials like coal and petroleum coke. For more information please visit www.kindermorgan.com.
SOURCE Kinder Morgan, Inc.
ATLANTA and HOUSTON, Sept. 1, 2016 /PRNewswire/ -- Southern Company (NYSE:SO) and Kinder Morgan, Inc. (NYSE: KMI) today announced the closing of their natural gas pipeline venture through Southern Company's acquisition of a 50 percent equity interest in the Southern Natural Gas (SNG) pipeline system through a subsidiary of Southern Company Gas. As previously announced, Kinder Morgan will continue to operate the system and the companies are pursuing specific growth opportunities to develop additional natural gas infrastructure for the strategic venture.
Southern Company, one of the nation's largest natural gas consumers and distributors, and Kinder Morgan, a recognized leader in natural gas pipeline development and operations, will work together to advance both companies' efforts to develop infrastructure important to America's energy future.
"This strategic venture aligns with Southern Company's previously discussed infrastructure development strategy and builds on Southern Company Gas' midstream pipeline experience," said Southern Company Chairman, President and CEO Thomas A. Fanning. "With our new ownership stake in Southern Natural Gas we look forward to working with Kinder Morgan to explore future opportunities to deliver natural gas to customers."
SNG is an approximately 7,000-mile pipeline system connecting natural gas supply basins in Texas, Louisiana, Mississippi and Alabama to markets in Louisiana, Mississippi, Alabama, Florida, Georgia, South Carolina and Tennessee. SNG is a principal transporter of natural gas to Alabama, Georgia and South Carolina, which are part of one of the fastest-growing natural gas demand regions in the United States.
"The Southern Company system has been a valued customer of SNG for many years and this joint venture is expected to greatly benefit the shareholders of both companies," said Norman G. Holmes, president of Kinder Morgan South Region Pipelines. "We are very pleased to begin pursuing the growth opportunities this strategic relationship should provide."
As previously disclosed, Kinder Morgan plans to use all of the proceeds from this transaction to reduce debt at Kinder Morgan.
Jones Day, Gibson Dunn & Crutcher LLP, Troutman Sanders LLP and Balch & Bingham LLP are serving as legal counsel to Southern Company, and Bracewell LLP and Weil, Gotshal & Manges LLP are serving as legal counsel to Kinder Morgan.
About Kinder Morgan
Kinder Morgan, Inc. (NYSE: KMI) is the largest energy infrastructure company in North America. It owns an interest in or operates approximately 84,000 miles of pipelines and approximately 180 terminals. The company's pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals, and handle bulk materials like coal and petroleum coke. For more information please visit www.kindermorgan.com.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Statements Regarding Forward-Looking Information
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning the expected benefits of the transaction, including future growth opportunities. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "plan," "believe," "may," "should," "will," "could," "continue", "opportunity" and the negative or plural of these words and other comparable terminology. Although Southern Company and Kinder Morgan believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements. Actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things, the following: the possibility that the anticipated benefits from the transaction cannot be fully realized or may take longer to realize than expected; the diversion of management time on transaction-related issues; the impact of legislative, regulatory and competitive changes; and other risk factors relating to the energy industry, as detailed from time to time in each of Southern Company's and Kinder Morgan's reports filed with the Securities and Exchange Commission.
Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements may be found under Item 1.A. in Southern Company's and Kinder Morgan's Annual Reports on Form 10-K for the fiscal year ended December 31, 2015 and Southern Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2016. The foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transaction or other matters attributable to Southern Company, Kinder Morgan or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Neither Southern Company nor Kinder Morgan undertakes any obligation to update or revise any forward-looking statement, except as may be required by law.
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SOURCE Southern Company
HOUSTON, July 10, 2016 /PRNewswire/ -- Southern Company (NYSE: SO) and Kinder Morgan, Inc. (NYSE: KMI) today announced a natural gas pipeline venture designed to advance both companies' leadership in energy infrastructure development through Southern Company's acquisition of a 50 percent equity interest in the Southern Natural Gas (SNG) pipeline system. Kinder Morgan will continue to operate the system. In addition, the agreement commits the companies to cooperatively pursue specific growth opportunities to develop natural gas infrastructure for the strategic venture.
SNG is a 7,600-mile pipeline system connecting natural gas supply basins in Texas, Louisiana, Mississippi, Alabama and the Gulf of Mexico to markets in Louisiana, Mississippi, Alabama, Florida, Georgia, South Carolina and Tennessee. SNG is a principal transporter of natural gas to Alabama, Georgia and South Carolina, which are part of one of the fastest-growing natural gas demand regions in the United States.
Southern Company, one of the nation's largest natural gas consumers and distributors, and Kinder Morgan, a recognized leader in natural gas pipeline development and operations, will work together to advance both companies' efforts to develop infrastructure important to America's energy future.
"This transaction is consistent with the infrastructure development strategy we have discussed for well over a year. The company's strategic venture with Kinder Morgan, combined with our recent additions, AGL Resources and PowerSecure, underscore Southern Company's leadership position in electricity and natural gas and our commitment to developing America's energy infrastructure," said Southern Company Chairman, President and CEO Thomas A. Fanning. "Our new ownership stake in SNG will position Southern Company for future growth opportunities and enhanced access to natural gas, which are expected to benefit customers and investors alike."
"Southern Company has been a valued customer of SNG for many years and this agreement draws on the strengths of both companies," said Norman G. Holmes, president of Kinder Morgan South Region Pipelines. "We are very pleased to deepen our relationship with them and excited about the growth opportunities this strategic relationship will provide."
Steve Kean, Kinder Morgan president and chief executive officer, added, "We plan to use all of the proceeds from this transaction to reduce debt at KMI. This is another step towards achieving our stated goals of strengthening our balance sheet and positioning the company for long-term value creation."
Inclusive of existing SNG debt, the transaction equates to an SNG total enterprise value of approximately $4.15 billion which implies a value of $1.47 billion for Southern Company's 50 percent share of the equity interest. Southern Company expects to finance the initial purchase, as well as any related future growth opportunities in a credit-supportive manner.
The transaction is subject to the notification and clearance and reporting requirements under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The companies expect to complete the transaction in the third quarter or early in the fourth quarter of 2016.
Jones Day, Gibson Dunn & Crutcher LLP, Troutman Sanders LLP and Balch & Bingham LLP are serving as legal counsel to Southern Company, and Bracewell LLP and Weil, Gotshal & Manges LLP are serving as legal counsel to Kinder Morgan.
About Kinder Morgan
Kinder Morgan, Inc. (NYSE: KMI) is the largest energy infrastructure company in North America. It owns an interest in or operates approximately 84,000 miles of pipelines and approximately 180 terminals. The company's pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals, and handle bulk materials like coal and petroleum coke. For more information please visit www.kindermorgan.com.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company, with 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
Cautionary Statements Regarding Forward-Looking Information
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning the expected benefits of the transaction, including future growth opportunities, financing plans for the transaction and the expected timing of the completion of the transaction. These forward-looking statements are often characterized by the use of words such as "expect," "anticipate," "plan," "believe," "may," "should," "will," "could," "continue", "opportunity" and the negative or plural of these words and other comparable terminology. Although Southern Company and Kinder Morgan believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements. Actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things, the following: the failure to receive, on a timely basis or otherwise, the required approvals by government or regulatory agencies (including the terms of such approvals); the possibility that long-term financing for the transaction may not be put in place prior to the closing; the risk that a condition to closing of the transaction may not be satisfied; the possibility that the anticipated benefits from the transaction cannot be fully realized 4 or may take longer to realize than expected; the diversion of management time on transaction-related issues; the impact of legislative, regulatory and competitive changes; and other risk factors relating to the energy industry, as detailed from time to time in each of Southern Company's and Kinder Morgan's reports filed with the Securities and Exchange Commission. There can be no assurance that the transaction will in fact be consummated.
Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements may be found under Item 1.A. in Southern Company's and Kinder Morgan's Annual Reports on Form 10-K for the fiscal year ended December 31, 2015. The foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the transaction or other matters attributable to Southern Company, Kinder Morgan or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this release. Neither Southern Company nor Kinder Morgan undertakes any obligation to update or revise any forward-looking statement, except as may be required by law.
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SOURCE Southern Company
HOUSTON, April 5, 2016 /PRNewswire/ -- Kinder Morgan, Inc. (NYSE: KMI) and IHI E&C jointly announced today that Kinder Morgan subsidiaries, Elba Liquefaction Company, L.L.C. and Southern LNG Company, L.L.C., awarded to IHI E&C a contract for the engineering, procurement, construction, commissioning and startup of Kinder Morgan's natural gas liquefaction project at Elba Island, near Savannah, Georgia.
The approximately $2 billion Elba Liquefaction Project will consist of 10 Movable Modular Liquefaction System (MMLS) trains using Shell proprietary technology. The new units will connect to Kinder Morgan's existing re-gasification terminal at Elba Island, which will be modified to receive liquefied natural gas (LNG) from the new liquefaction facilities. Modifications to the existing Elba facilities will include compression for vapor handling and new pumps for loading the LNG on vessels for export.
Shell is the customer for 100 percent of the liquefaction capacity and ship-loading services being developed by the project. When completed, the Elba Liquefaction Project will process and liquefy a total capacity of approximately 2.5 million tonnes per annum of LNG.
"We are excited about this next step for our future LNG export project and look forward to working with IHI E&C to bring it to fruition," said Norman Holmes, president of Kinder Morgan's Southern Region Pipelines.
"IHI E&C is very pleased to receive this award, following a period of FEED validation," said Glyn Rodgers, IHI E&C President. "We and Kinder Morgan share the same quality, safety and performance objectives on making this project a huge success."
The companies have developed a schedule that reflects the modular aspect of the new liquefaction facility. Initial engineering, procurement and construction planning are being performed by IHI E&C's Houston office while awaiting approval of the project by the Federal Energy Regulatory Commission (FERC). In addition to project modularization, execution will feature significant instrumentation and electrical engineering, logistics and interface management, procurement, supply-chain expertise, and large scale construction.
From the outset, the companies share a commitment to establish and maintain a collaborative effort and an HSE (health, safety and the environment) mindset that fosters ZERO HARM for the workforce and the environment, built on continued HSE culture reinforcement.
The execution strategy includes local subcontracting for site services, local hire for labor, utilization of local vendors for consumables, and working with local authorities on traffic and other community interests. Proactive quality management will encompass every aspect of the project, from EPC through to commissioning and start-up.
The project also will exemplify IHI E&C's business model during the execution phase with a specific focus on value to the customer, collaboration and performance.
About IHI E&C
IHI E&C International Corporation (IHI E&C), a wholly-owned subsidiary of IHI Corporation, is a Houston-based engineering, procurement and construction (EPC) company providing energy solutions around the globe. We are a talented collaboration of people with extensive technical knowledge and expertise that allow us to deliver projects in a variety of industries, including Gas Processing and Liquefied Natural Gas (LNG), Petrochemicals, Chemicals and Polymers, Synthesis Gas and Derivatives, and Refining. Our comprehensive understanding of project life-cycles combined with our full-service capabilities enable us to span the entire project development cycle, from feasibility studies and front-end development to comprehensive EPC work, commissioning and start-up. Our technological expertise is indicative of the value that we offer our customers, our shareholders, and society. For more information please visit ihi-ec.com.
About Kinder Morgan
Kinder Morgan, Inc. (NYSE: KMI) is the largest energy infrastructure company in North America. It owns an interest in or operates approximately 84,000 miles of pipelines and approximately 180 terminals. The company's pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals, and handle bulk materials like coal and petroleum coke. For more information please visit www.kindermorgan.com.
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SOURCE IHI E&C
HOUSTON, Jan. 26, 2016 /PRNewswire/ -- Kinder Morgan, Inc. (NYSE: KMI) announces the following webcast:
What: Kinder Morgan 2016 Analyst Day Conference
When: Jan. 27, 2016, at 8:00 a.m. CT, 9:00 a.m. ET
Where: http://ir.kindermorgan.com/presentations-webcasts
How: Live over the Internet. Simply log on to the web at the above address. If you are unable to listen during the live webcast, the call will be archived and available at the same address as above.
Kinder Morgan, Inc. (NYSE: KMI) is the largest energy infrastructure company in North America. It owns an interest in or operates approximately 84,000 miles of pipelines and approximately 165 terminals. The company's pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals, and handle bulk materials like coal and petroleum coke. For more information please visit www.kindermorgan.com.
SOURCE Kinder Morgan, Inc.
Abandonment and Capacity Restoration Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Tennessee Gas Pipeline Company, L.L.C.
Acadiana Pipeline Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Altamont - Bluebell Processing Expansions (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Argo Ethanol Hub Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Autumn Hills RNG Converstion (subscriber access)
Parent Entities:
Kinder Morgan CO2
BOSTCO Upgrade Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Bakken Residue Line (subscriber access)
Status: (subscriber access)
Parent Entities:
Hiland Partners Holdings LLC
Black Hills Cody Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Bradshaw Renewable Diesel Hub (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Broad Run Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Broad Run Flexibility (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
CIG 5C Ft Lupton / High Five Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
CIG High Plains & 5AB Expansions (subscriber access)
Status: (subscriber access)
Parent Entities:
Colorado Interstate Gas Company, LLC
Cheyenne Plains Pipeline Conversion (subscriber access)
Status: (subscriber access)
Parent Entities:
CHEYENNE PLAINS GAS PIPELINE COMPANY, LLC
Kinder Morgan, Inc.
Chicago Market Expansion Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Natural Gas Pipeline Company of America
Connecticut Expansion Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Tennessee Gas Pipeline Company, L.L.C.
Cortez Pipeline Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
DCP LaSalle 2 OConnor Meter Upgrade (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Dayton Storage Loop Line (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Deer Park Crude By Rail Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
EEC Modification Project Phase I (subscriber access)
Status: (subscriber access)
Parent Entities:
Elba Express Company, L.L.C.
EEC Modification Project Phase II (subscriber access)
Status: (subscriber access)
Parent Entities:
Elba Express Company, L.L.C.
EEC Modification Project Phase III (subscriber access)
Status: (subscriber access)
Parent Entities:
Elba Express Company, L.L.C.
EPNG Line 1600 to Waha Phase II (subscriber access)
Status: (subscriber access)
Parent Entities:
El Paso Natural Gas Company, L.L.C.
EPNG Piñon Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
EPNG Targa Expansion / Sweetie Peck (subscriber access)
Status: (subscriber access)
Parent Entities:
El Paso Natural Gas Company, L.L.C.
East Cheyenne Phase 2: Lewis Creek Field (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Elba LNG Train 1 (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Southern LNG Company, L.L.C.
Elba LNG Train 10 (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Southern LNG Company, L.L.C.
Elba LNG Train 2 (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Southern LNG Company, L.L.C.
Elba LNG Train 3 (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Southern LNG Company, L.L.C.
Elba LNG Train 4 (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Southern LNG Company, L.L.C.
Elba LNG Train 5 (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Southern LNG Company, L.L.C.
Elba LNG Train 6 (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Southern LNG Company, L.L.C.
Elba LNG Train 7 (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Southern LNG Company, L.L.C.
Elba LNG Train 8 (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Southern LNG Company, L.L.C.
Elba LNG Train 9 (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Southern LNG Company, L.L.C.
Elba Liquefaction Project Phase I (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Elba Liquefaction Company
Elba Liquefaction Project Phase II (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Elba Liquefaction Company
FGT East Louisiana Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Citrus Energy Corporation
FGT Expansion (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
FGT South Alabama Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Citrus Energy Corporation
Fairburn Expansion Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Southern Natural Gas Company, L.L.C.
Kinder Morgan, Inc.
Galena Park Butane On-Demand Enhancement (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Greens Port CBR Refined Product Rail Facility Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Greens Port CBR, LLC
Gulf Coast Expansion Project (Gulf Coast Southbound Expansion) (subscriber access)
Status: (subscriber access)
Parent Entities:
Natural Gas Pipeline Company of America
Gulf Coast Express Pipeline Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Gulf Coast Express Pipeline Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
DCP Midstream Partners LP
Gulf Coast Express Pipeline LLC
Kinetik Holdings Inc.
Targa Resources Corp.
Gulf Coast Southbound Expansion Project Phase 2 (subscriber access)
Status: (subscriber access)
Parent Entities:
Natural Gas Pipeline Company of America
Harvey Renewable Material Storage Terminal (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Hiland Gas Pontiac Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Hilcorp Supply - Texas City Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
KM Tejas South Texas to Houston Market Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
KMI Williston Basin Gas Plant (2019) (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
KMI Williston Basin Gathering Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
KMTP Expansion - Eagle Ford Delivery (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Kinder Morgan - McKenzie County Cryogenic Plant (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Kinder Morgan Border Pipeline Amendment (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Kinder Morgan Compression Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Kinder Morgan Crossover Project Phase 1 (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Kinder Morgan Crossover Project Phase 2 (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Kinder Morgan Eagle Ford Intrastate Expansion (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Kinder Morgan Export Terminal (KMET) (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Kinder Morgan GreenHolly Pipeline - North Holly Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Kinder Morgan High Deliverability Storage Expansion (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Kinder Morgan Houston Ship Channel Docks (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Kinder Morgan Powder River Lateral NGL Conversion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Kinder Morgan RedHawk System Expansion (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Kinder Morgan SFPP- East Line Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Kinder Morgan Southeast Terminals Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Kinder Morgan Southeast Terminal
Kinderhawk Gathering Expansion (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Kiowa Lateral Expansion Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Lake Charles Expansion Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Leader One Gas Storage Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Lone Star Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Tennessee Gas Pipeline Company, L.L.C.
Lusk Lateral (subscriber access)
Parent Entities:
El Paso Natural Gas Company, L.L.C.
Markham Storage Facility Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Mier-Monterrey Pipeline Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Monument 90 Presidential Permit (subscriber access)
Status: (subscriber access)
Parent Entities:
El Paso Natural Gas Company, L.L.C.
NGPL 134th Street Lateral Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
NGPL Lockridge Lateral Extension (subscriber access)
Status: (subscriber access)
Parent Entities:
Natural Gas Pipeline Company of America
NGPL NIPSCO Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Natural Gas Pipeline Company of America
NGPL Station 206A Hp Installation Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Norse Residue Line (subscriber access)
Status: (subscriber access)
Parent Entities:
Hiland Partners Holdings LLC
Northeast Energy Direct (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Northern California Renewable Diesel Hub (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Northern Delaware Basin Expansion Project (subscriber access)
Status: (subscriber access)
Parent Entities:
El Paso Natural Gas Company, L.L.C.
Orion (formerly Marcellus to Milford) Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Tennessee Gas Pipeline Company, L.L.C.
Pasadena Terminal & Truck Rack Enhancement (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Permian Highway Pipeline Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Permian Highway Pipeline Project (PHP Project) (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan Texas Pipeline LLC
Eagleclaw Midstream Ventures
Permian North Project (subscriber access)
Status: (subscriber access)
Parent Entities:
El Paso Natural Gas Company, L.L.C.
Permian Pass Pipeline (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Pit 11 Pasadena Terminal Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Port Sulphur Dispatch (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Putnam Expansion Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Citrus Energy Corporation
Florida Gas Transmission Company, LLC
Red Cedar CCS (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Red River West (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Roanoke Expansion Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
SNG Evangeline Pass Expansion Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Southern Natural Gas Company, L.L.C.
Kinder Morgan, Inc.
SNG Plant Miller Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Southern Natural Gas Company, L.L.C.
SNG Zone 3 Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Southern Natural Gas Company, L.L.C.
Sabine Pass Compression Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Natural Gas Pipeline Company of America
Sabine Pass Expansion Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Sierrita Gas Pipeline Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
SIERRITA GAS PIPELINE LLC
South Mainline Expansion Project (subscriber access)
Status: (subscriber access)
Parent Entities:
El Paso Natural Gas Company, L.L.C.
South Pueblo 24B Blending (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Southern California Renewable Diesel Hub Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Southwest Louisiana Supply Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Tennessee Gas Pipeline Company, L.L.C.
St. Gabriel Extension (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Susquehanna West Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
TGP Cumberland Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Tennessee Gas Pipeline Company, L.L.C.
Kinder Morgan, Inc.
TGP East 300 Upgrade (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
TGP Line 261 Upgrade (subscriber access)
Status: (subscriber access)
Parent Entities:
Tennessee Gas Pipeline Company, L.L.C.
TGP Westchester County Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Tennessee Gas Pipeline Company, L.L.C.
Tall Cotton Field Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Tennessee Gas Pipeline Reversal Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Tennessee Gas Pipeline Company, L.L.C.
Texas Louisiana Expansion Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Natural Gas Pipeline Company of America
Three Kinetrex Energy (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Triad Expansion Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Utica Marcellus Texas Pipeline Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Vancouver Wharves Terminal Distillate Storage Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Western Sugar Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Williston Tier I Gas Expansions (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
Wyoming Interstate Pipeline - Bakken Expansion (2023) (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
WYOMING INTERSTATE COMPANY, LTD.
Wyoming Interstate Pipeline - Bakken Expansion (2026) (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
WYOMING INTERSTATE COMPANY, LTD.
Wyoming Intrastate Pipeline Conversion (subscriber access)
Status: (subscriber access)
Parent Entities:
Kinder Morgan, Inc.
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