Tuesday, July 21, 2026

Kinder Morgan Acquires Interests in 15 BP plc Terminals for $350 Million

Kinder Morgan (ticker: KMI), the largest energy infrastructure company in North America, is adding to its footprint. On October 20, 2015, KMI announced a joint venture agreement with a subsidiary of BP plc (ticker: BP) for 15 terminals at a cost of $350 million. As part of the arrangement, KMI acquires a 75% interest in 14 terminals and will operate

Russia, Total, LNG

Financing for Russia’s New LNG Project Falters

Novatek struggles to fund its 16.5 million ton per annum Yamal LNG project Efforts to finalizing financing on the only liquefied natural gas (LNG) project currently under development in Russia have stalled. Tarko-Sale, Russia-based Novatek (ticker: NVTK), the lead company on the project and Russia’s largest privately-owned natural gas producer, may continue looking for financing into next year, reports Reuters.

China

OPEC Members Undercutting Each Other in Fight for Market Share

The spread on OPEC members’ crude widens as competition increases Members of OPEC are beginning to cut their own prices relative to one another as the competition over share of global markets, particular Asia, continues to intensify. Traditionally, members of OPEC move prices together, but data today shows Kuwait is undercutting Saudi Arabia by the most on record and Iraq

Canadian E&P

Liberal Party Wins Majority Government in Canada with 184 Seats

Justin Trudeau wins surprise majority government The Liberal Party, led by Justin Trudeau, won a majority government in a political upset in the Election for Canadian Prime Minister last night. The Liberals finished with 184 seats in the parliament (39.5%), while the former majority leading Conservative party followed with 99 elected (31.9%). The New Democratic Party (NDP) won 44 seats