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Business news - 25 January 2016

TransCanada moves forward after Keystone XL rejection

TransCanada is attempting to make headway in the oil refinery complex with its Houston Lateral pipeline and terminal, after President Obama rejected the Keystone XL pipeline expansion project.

 

Rosneft increases supplies to Lotos

Rosneft and Grupa Lotos S.A. agreed to extend the contract for oil supplies to Poland signed on 20 December 2013.

 
 
 

Ongoing Kinder Morgan pipeline projects

An update on Kinder Morgan’s current pipeline projects: Cortez Pipeline, Utopia East pipeline, Trans Mountain pipeline, Sierrita Gas Pipeline, Northeast Energy Direct Project and more.

 

SeaTrepid buys AUV systems

Kongsberg Maritime has sold six of its HUGIN AUV systems to SeaTrepid International LLC.

 
 
 
 

Kinder Morgan’s 2015 cash flow

Kinder Morgan generates US$4.7 billion of distributable cash flow for 2015. Its 2016 cash in excess of dividend is expected to fully fund growth projects