Kinder Morgan is moving forward pipeline project expansions, including the Permian Highway Pipeline and Evangeline Pass, and Kim Dang will succeed longtime CEO Steve Kean, who will retain his position on the board.
Moody’s Investor Service is forecasting a 10% to 15% sequential uptick in upstream capex in 2023 and an overall strong year for the sector, with service companies likely to see increased demand for their services.