Canadian Government Buys Trans Mountain Pipeline Assets for C$4.5 Billion

Kinder Morgan and Kinder Morgan Canada struck a deal Tuesday with the Canadian Government to sell the Trans Mountain Pipeline System and its expansion project for C$4.5 billion. The deal includes the pipeline and terminals and ensures the pipeline moves forward.

Refiner Phillips 66 Better Than Expected Earnings as Refining Margins Recover

Houston based oil refiner Phillips 66 $PSX on Friday reported better than expected 3Q17 earnings as refining and petrochemical revenues strengthened.  While Phillips 66 is diversifying from refining in both it’s chemical and pipeline sectors $224 million in earnings came from refining.