Kinder Morgan Inc has bumped up its adjusted earnings per share (EPS) guidance for next year to $1.37, with the North American pipeline operator encouraged by growth in the liquefied natural gas (LNG) and power sectors. That is an increase of eight percent from its forecast in the third quarter. For 2026 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), Kinder Morgan now expects $8.7 billion, up four percent versus its Q3 guidance. The upward revisions reflect “continued execution on expansion projects in our natural gas pipelines business segment”, chief executive Kim Dang said in an online statement. “We are projecting an annualized dividend of $1.19 for 2026, marking the ninth consecutive year of dividend increases”, Dang added. “Our year-end 2026 net debt-to-adjusted EBITDA ratio is forecast at 3.8 times, remaining at the low end of our 3.5x-4.5x target range and preserving flexibility for opportunistic investments”. The Houston, Texas-based owner of oil and gas pipelines and terminals, which also produces oil and renewable natural gas, plans nearly $3.4 billion in discretionary capital next year, “substantially funded from internally generated cash flow”. Kinder Morgan president Tom Martin said, “We expect to continue benefiting from strong natural gas market fundamentals, supporting growth on our existing transportation and storage assets and creating expansion opportunities”. For the first nine months of 2025, Kinder Morgan recorded $0.91 in EPS adjusted for nonrecurring items. That was up 10 percent from the same period in 2024, according to its third-quarter report October 22. Adjusted EBITDA for January-September 2025 totaled $6.12 billion, up four percent year-on-year. Volumes transported via its gas and liquid pipelines rose year-over-year. Gas transport volumes exceeded 46 trillion British thermal units a day, while it delivered 2.12 million barrels per day of liquids (crude oil, condensate and refined products). Revenue totaled $12.43 billion,

Fresh off the back of Saudi Aramco’s recently released third quarter 2025 results, Rigzone connected with Faisal A. Al-Hajji, Aramco Senior Vice President (SVP) of Human Resources, for a deep dive into a range of employment related topics. In this exclusive Q&A session, Al-Hajji talks about career progression at Aramco, which skills he thinks will be most in demand over the next 5-10 years, and the effect of automation and artificial intelligence on jobs at the company, among a host of other subjects. Rigzone: What does Aramco look for in an employee?  How many people does Aramco employ at the moment? Al-Hajji: At Aramco, we are fortunate to have a wealth of exceptional talent, both locally and internationally. Our robust talent pipeline is particularly strong within Saudi Arabia, where we consistently attract outstanding individuals from top-tier universities. These candidates typically boast high assessment scores, strong GPAs, and accredited certifications, ensuring a highly qualified and attractive talent pool, reaching an average 200+ of Saudi applicants daily. This great pool is thoroughly reviewed through rigorous assessment processes and standardized interviews. At Aramco, we’re looking for talented individuals who can thrive in a dynamic and diverse energy company. While specific skills and qualifications vary by position, we prioritize candidates who are well-rounded, academically strong, and possess a positive and adaptable mindset. We seek professionals who are eager to learn, embrace new technologies, and contribute to a collaborative and innovative work environment. We currently employ over 75,000 employees with diverse backgrounds, experiences, ages, and nationalities. Over 90 percent of our workforce is Saudi, while employees from more than 90 other nationalities make up the remainder, underscoring the remarkable diversity within our company. And that’s why we always look for candidates who are able to work seamlessly as part of a diverse, global team. Rigzone:

Germany plans to tweak the system that controls the local assets of Rosneft PJSC to ensure it is complying with the tougher US sanctions imposed on the Russian oil company last month. The government forwarded a draft law to both chambers of parliament “as a matter of particular urgency,” Chancellor Friedrich Merz wrote in a letter to the Bundestag’s president that was seen by Bloomberg. The proposal, which lawmakers will discuss in a public session of the energy committee on Dec. 17, would change the current trusteeship into a “public-law trust” under the nation’s Foreign Trade Act. Germany has received a temporary exemption from the US sanctions against Rosneft and was seeking a solution for when the general license runs out on April 29, 2026. Berlin had seized the company’s assets following Russia’s invasion of Ukraine in 2022 and has extended its trusteeship of Rosneft Deutschland multiple times, leaving the Moscow-based parent as the owner but cutting any financial ties to it. Rosneft Deutschland holds shares in three German refineries, which account for 12 percent of the nation’s total processing capacity, including PCK Raffinerie GmbH’s Schwedt plant near Berlin. The government has so far steered clear of nationalizing the entities amid concerns that such a move could risk retaliatory measures by the Kremlin against German operations in Russia. The public law trust would allow any company or organization with headquarters in Germany to become a trustee of the Rosneft assets, which have so far been held by the nation’s energy regulator, the Federal Network Agency. This so-called “sanctions trusteeship” should be accompanied by an independent share custodian appointed by a court, according to the document.  The proposal doesn’t resolve two key issues, said Michael Kellner, an energy lawmaker from the opposition Green party and a former parliamentary state secretary of the Economy Ministry. “It

Equinor ASA said the 140-megawatt (MW) Serra da Babilônia Solar in the Brazilian state of Bahia is now commercially operational. Co-located with the existing 223-MW Serra da Babilônia Wind, the solar unit completes the Norwegian majority state-owned company’s first hybrid power complex, Equinor said in an online statement. The wind farm came online 2018, before Equinor took over through the acquisition of Rio Energy in 2023. “Accumulated annual production from Serra da Babilônia Solar is estimated at 236 GWh of power per year, which is equivalent to the consumption of 143,000 Brazilian households”, Equinor said. “The produced energy will be sold in the Brazilian power market by Equinor’s energy trading house, Danske Commodities”. “Hybrid projects take advantage of the complementary nature of solar and wind resources, which generate power at different times of the day and throughout different seasons”, it said. “This helps to reduce the intermittency associated with renewable power generation and enhance grid stability. “Further, Serra da Babilônia Solar leverages synergies from the operating wind facility by sharing existing infrastructure on site, and by achieving efficiencies during the operations and maintenance phase. This results in material cost savings for the hybrid complex compared to a standalone solar asset”. Serra da Babilônia Solar is the first project delivered by Rio Energy as a wholly owned subsidiary of Equinor, according to Equinor. “Brazil is a key area for Equinor’s long-term growth”, said Equinor manager for Brazil Veronica Coelho. “Building on a solid portfolio of oil and natural gas, including Raia that will supply around 15 percent of Brazil’s total gas demand, we are advancing towards a more integrated and diverse energy offering in the country. “With Serra da Babilônia Solar operational, we now have around 600 MW of solar and wind capacity in power production, which we can further optimize

Kistos Holdings PLC said Tuesday it has entered into a binding deal with Mitsui & Co Ltd to buy the Japanese diversified company’s stakes in Blocks 3, 4 and 9 onshore Oman, marking its entry into the Middle East. Mitsui, through Mitsui E&P Middle East BV, will divest 20 percent in Blocks 3 and 4 and five percent in Block 9 to London-based explorer and producer Kistos for $148 million, Kistos said in a stock filing. It expects the acquisitions to contribute 9,000-10,000 barrels of oil equivalent per day (boepd) net, with liquids comprising about 91 percent, to its production this year. Based on operator estimates as of the start of 2025, the assets would add 25.6 million barrels of oil equivalent (MMboe) net to Kistos’ proven and probable (2P) reserves, Kistos said. “The acquisition equates to a valuation of approximately $5.80/boe of 2P reserves”, it said. Block 9, in northwestern Oman, is operated by Warren Buffett-backed Occidental Petroleum Corp with a 50 percent stake. Block 9 contains the producing Safah and Wadi Latham fields. The Gulf country’s state-owned OQ SAOC owns 45 percent. Blocks 3 and 4, in eastern Oman, are operated by Lebanon’s CC Energy Development SAL with a 50 percent interest. Sweden’s Tethys Oil AB holds 30 percent. Kistos noted seven fields have been put onstream in Blocks 3 and 4, which span about 29,000 square kilometers (11,196.95 square miles). “Kistos’ entry into the Middle East adds geographical and onshore production diversification to the company’s existing portfolio”, Kistos said. “Representing an evolution in the company’s M&A [merger and acquisition] strategy, the acquisition aligns with the board’s core ambition of pursuing assets that have strong near-term production with significant development and exploration upside”. Kistos executive chair Andrew Austin said, “Our entry into the MENA [Middle East and North Africa] region represents

Russia’s crude oil output last month was well below its OPEC+ quota, as the country struggled to find buyers for its sanctioned barrels and Ukrainian drone attacks hampered refineries. An average 9.43 million barrels a day were pumped in November, according to people with knowledge of the data, who asked not to be identified discussing confidential information. While that was 19,000 barrels a day above the October level, it lagged the nation’s November target by more than 100,000 barrels a day, Bloomberg calculations show. That’s also the most that Russia’s actual reported production has lagged its monthly OPEC+ quota, including compensation cuts, in over two years. It’s another sign that Moscow faces a challenge in offloading its oil, a key source of revenue that the Kremlin uses to fund its war with Ukraine. Russia had historically been one of the biggest laggards in complying with OPEC+ output agreements, pumping above the targets, and even had to make additional cuts to compensate for overproduction. The final cuts were made in October, according to the Organization of Petroleum Exporting Countries. US sanctions that hit oil giants Rosneft PJSC and Lukoil PJSC have in recent weeks reduced appetite for Russian barrels in key buyer India. Still, traders and refiners have said that volumes could rebound as unsanctioned suppliers and new trading intermediaries appear. The difficulty in finding buyers has led to the amount of Russian oil on water growing. In addition to vessels idling for long periods, some are taking longer voyages. Drone Attacks Meanwhile, Ukraine carried out record attacks on Russian refineries last month, pressuring crude-processing volumes as refinery owners rushed to repair infrastructure. The two sides are fighting an increasingly intense energy war as they attempt to gain a meaningful advantage as peace efforts drag on. The Energy Ministry didn’t immediately respond to a request for comment on