Transportation

Energy Transfer, a pipeline company, said that it expects to invest $5.0 billion to $5.5 billion of growth capital by 2026. This will be primarily for projects that enhance its natural gas distribution network. The company anticipates that'several projects will ramp up or come online in 2026. These include the 'Nederland flexport NGL expansion and the Mustang Draw I & Mustang Draw II processing plants in the Permian Basin as well as the natural gas pipeline project serving data centers in Texas. Energy Transfer announced last month that it would increase its Transwestern pipeline's expansion project to the Desert Southwest...

Major U.S. Airlines canceled hundreds?of flights on Saturday following a military action in Venezuela which resulted in the capture of President Nicolas Maduro. American Airlines, Delta Airlines, Spirit Airlines, and JetBlue Airways all cancelled flights on Saturday in accordance with the Federal Aviation Administration's Caribbean airspace closures. In a letter to airmen, the FAA said that it had closed the airspace for U.S. carriers due to "risks to flight safety associated with ongoing military activity." According to the notice, this closure does not apply to non-U.S. carriers and operators. The FAA refused to comment on this further. Sean Duffy, the...

Major U.S. Airlines canceled hundreds flights on Saturday following a military action?in Venezuela which resulted in?President Nicolas Maduro's capture. American Airlines, Delta Airlines, Spirit Airlines and JetBlue Airways cancelled flights on Saturday morning, in accordance with the Federal Aviation Administration's Caribbean airspace closures. In a letter to airmen, the FAA said that the closure was due to "risks to flight safety associated with military activity." The FAA refused to comment on the matter further. Sean Duffy, the U.S. Transportation secretary, said in a post to X that restrictions on airspace will be lifted when "appropriate." Customers impacted by the closure...

According to the Glendale Police Department, a large fire broke out on Friday night in a new apartment complex in southeast Denver, near the Glendale area. This caused'significant power -outages' in the locality. Denver's Fire Department posted images on X showing a building engulfed in flames, with thick smoke rising into the night skies, and fire?trucks, flashing lights, and the surrounding streets. The fire department reported in the post that one firefighter was injured. He was transported to Denver Health Hospital, a local facility. Robert Murphy, Division Chief of Operations for Denver Fire, told ABC affiliate KMGH TV that more...

The United States imposed sanctions Wednesday on four companies that it claimed were operating in Venezuela’s oil sector, along with associated oil tankers. This comes as the administration of President Donald Trump increases pressure on Venezuelan?President Nicolas Maduro. The sanctions are the latest in Trump's campaign to pressure Maduro. This has also included an increased U.S. presence in the area and more than 20 strikes on vessels suspected of trafficking drugs along the Pacific Ocean or Caribbean Sea. Trump had announced earlier this month that he would block all vessels sanctioned by the United Nations from entering or leaving Venezuelan...

According to a U.S. power grid company, ISO - New England, wholesale electricity prices in New England increased in November due to?fuel prices and an increase in consumer demand. The operator said that the average real-time electricity price was $61, up 52% on a year ago, and that day-ahead power prices were $59.55/MWh. ISO noted that fuel is a major?cost of power generation in New England. Natural?gas, which will provide 55% electricity in 2024 typically sets wholesale power prices. This closely links electricity prices to the gas markets. The Massachusetts Natural Gas Index reported that the average natural gas price...

The two groups announced on Monday that Italy's state-owned Ferrovie dello Stato has entered into a partnership with U.S.-based investment firm Certares to develop high-speed?train?services? in France & other European countries. FS and Certares have announced that they will form a joint-venture and invest 1 billion 'euros ($1.18billion) in order to expand operations of FS's Paris based Trenitalia France division on the French, British and 'other foreign markets. The partnership is part a broader strategy of FS to strengthen 'its international network' in the coming years. The agreement will help Trenitalia France, which operates high-speed services from Paris to Lyon...

Snow and ice plowed into the U.S. Northeast on Saturday morning, disrupting the post-holiday weekend?airline traffic. New York and New Jersey officials declared weather emergencies even though the storm had subsided by mid-morning. New York and New Jersey declared states of emergency due to the treacherous road conditions. In a press release, New York Governor Kathy Hochul stated that "the safety of New Yorkers is my number one priority and I will continue to urge caution for the duration of this hurricane." Bob Oravec, meteorologist at the National Weather Service Weather Prediction Center near Washington, D.C., stated that by early...

Snow and ice blanketed the U.S. Northeast on Saturday morning, causing disruption to airline traffic after the holiday weekend. Officials in New York and New Jersey declared weather emergencies even though the storm had subsided by midday. New York and New Jersey declared states of emergency due to the treacherous road conditions. New York Governor Kathy Hochul made a statement saying, "The safety and well-being of New Yorkers are my highest priorities. I will continue to urge caution for the duration of this hurricane." Bob Oravec, meteorologist at the National Weather Service Weather Prediction Center in Washington, D.C., says that...

California has dropped its lawsuit against the Trump administration's decision to?cancel over $4 billion of federal grants for California's high-speed railway project. The state announced this late Friday. California High-Speed Rail Authority said that Tuesday's decision to drop the lawsuit reflects the state's "assessment" that the federal government was not a trustworthy, reliable or constructive partner for advancing high-speed railroad in California. The agency stated that it will move forward without federal funding. It added that only 18% program expenditures have been funded by federal funds. A judge rejected an attempt to dismiss the lawsuit?this month. The U.S. Transportation Department...

Winter storms - a mix of ice and snow - swept through the U.S. Northeast early on Saturday. This caused disruption to airline traffic after the holiday weekend and led officials in New York and New Jersey declare weather emergencies. The National Weather Service issued ice storm and Winter Storm Warnings in New York State and Connecticut. They forecasted some of the highest snowfall totals, up to one foot locally. According to a Friday emergency declaration by Governor Kathy Hochul warning of dangerous?road conditions, New York City may see its largest accumulations since 2022 with peak snowfall rates?of 2 or...

The National Weather Service predicted a dry weekend for Southern California, which was still ravaged by storms. The holiday deluge, which began on Christmas Eve, was caused by the latest atmospheric storm in the region, a huge airborne current of moist, dense moisture that had been sucked from the Pacific and swept over the greater Los Angeles Area. It poured 6 inches of rainfall in Los Angeles, with up to 18 in the mountains. Some roads were washed out, and evacuations and shelter-in place orders were issued. Tom Kines, senior meteorologist at AccuWeather (a commercial forecasting firm), said that an...

Alexei Miller said that Gazprom, the Russian gas corporation, supplied 38.8 billion cubic meters of gas to China through the Power 'of Siberia' pipeline this year. This is an increase of nearly a fifth compared to the previous year. Miller stated that by the end of 2025, the company will have exceeded its contractual obligations to China in terms of gas supply. Sources familiar with data said on Monday that Russia’s pipeline exports to China of?natural?gas were expected to hit around 38.6-38.7 bcm this year. This is up from 31 bcm by 2024 and exceed the pipeline's annual capacity of...

According to Serbia's RTS TV, the U.S. granted Serbian oil refiner NIS until March 24th to 'negotiate' the sale of their 'Russian owner's' stake. RTS stated that NIS did not have an operating license which would allow it to purchase and process crude oil. After a series waivers granted since January, the Office of Foreign Assets Control of the U.S. Treasury Department imposed sanctions against NIS as part of broader measures taken against?Russian energy sector. The sanctions have stopped crude oil supplies through Croatia's JANAF pipe, which has shut down production at?Pancevo. Gazprom, the sanctioned oil unit of Russia's Gazprom,...

Serbian President Aleksandar Vucic revealed on Tuesday that Russian energy giant Gazprom has been in discussions with Hungary's MOL about a possible sale of its majority stakes in 'NIS' - Serbia's only oil refiner. In January, the United States announced sanctions against Russia's oil industry in response to Moscow's conflict in Ukraine. But, NIS's application was repeatedly delayed before finally coming into force on October 8th. "We have no problem with it. We have information that Gazprom representatives have been talking to MOL in Hungary, and we don't have anything against them." Vucic said to reporters on Tuesday that the...

Russian strikes near Ukraine’s Black Sea Port of Odesa?on Thursday?killed a woman?in her vehicle?and damaged infrastructure?and asked residents who have been suffering from long power outages to stop blocking the roads in protest? Oleh Kiper of Odesa, in a Telegram post, claimed that a Russian drone had killed a woman who was driving her car across a bridge southwest of Odesa. The incident injured her three children. Kiper asked residents who have experienced extended power outages in their homes to show patience and remove roadblocks. Kiper stated that the energy infrastructure of Odessa has suffered extensive damage as a result...

According to sources and the state-run PDVSA, Venezuelan oil company resumed oil cargo deliveries on Wednesday at its terminals after a cyberattack affected their centralized administrative system. Sources close to the operations of PDVSA said that the company, which was dealing with the U.S. blockade on Tuesday against all sanctioned oil tankers attempting to enter or leave Venezuelan waters and approaching, had been able to isolate refineries, oilfields, ports, and other facilities to resume working. According to a source at the state-run oil company, the ransomware was detected days earlier and the antivirus software used to try and fix it...

Zhang 'Hanhui', Beijing's embassy to Moscow, told Russia's RIA News Agency that construction is proceeding on a planned Far Eastern pipeline to'supply Russian gas to China'. The Far Eastern route is designed to send gas from Russia's Pacific coast to ?China via a new branch link connected to Russia's ?Sakhalin-Khabarovsk-Vladivostok pipeline system. Exports will begin?in 2027. China is expected to import 2 billion cubic metres (bcm), initially, and then a total of 12 bcm per year. Zhang, RIA cited as saying that "Construction is progressing steadily on the Far Eastern route of natural gas supply from Russia to China." Russia...

State news agencies reported on Monday that Russia was considering extending the diesel and gasoline export restrictions until February. Anonymous sources were cited. On Monday, Russian Deputy Prime Minister Alexander Novak presided over a meeting about the fuel market. The participants included officials from the Energy Ministry, the Federal Anti-Monopoly Service (FAMS) and representatives of oil companies. After the meeting, the government stated that the fuel producers kept the supply balanced. There is a downward trend in the fuel price for small wholesalers. The government has confirmed that the required fuel volumes are being provided to agricultural producers. The Russian...

The 'International Energy Agency' said that Russia's revenue from crude oil and refined product exports fell again in November due to lower export volume and weaker prices, reaching their lowest level since the 2022 invasion of Ukraine. The Russian energy industry, which is vital to the country's economy, is being put under pressure by an increase in drone attacks on oil refineries. Washington increased its pressure against the Kremlin by introducing sanctions in October, targeting Russia's two largest oil companies, Rosneft & Lukoil. The IEA, based in Paris, said that Russia's revenue from crude oil and fuel sales dropped to...

Shipping data shows that Washington could punish more than 30 U.S. sanctioned oil vessels doing business in Venezuela after the Coast Guard confiscated a supertanker transporting Venezuelan crude to be exported. The President Donald Trump announced the seizure on Wednesday. It was the first time that an oil "cargo" from Venezuela had been seized. Venezuela has been subject to U.S. sanctions against it since 2019. This is also the first action taken by the Trump administration since he ordered the massive military buildup of the region. Shipping sources say that the U.S. actions, in which Trump intensifies pressure on Venezuelan...

The International Atomic Energy Agency reported on Saturday that Ukraine's Zaporizhzhia Nuclear Power Plant temporarily lost all of its off-site electricity overnight. It cited Director General Rafael Mariano Grossi. Since March 2022 when Russian forces seized much of the southeast Ukraine, this nuclear plant - Europe's biggest - has been under Russian authority. The plant is currently not producing electricity, but it relies on external power in order to keep the material cool and prevent a meltdown. IAEA reported that the plant had been reconnected after a 30-minute outage to a power line of 330 kilovolts (kV). The Russian-installed plant...

Five sources confirmed on Tuesday that the Caspian Pipeline Consortium is aiming to finish repairs on its third SPM-3 single point mooring at its Black Sea Terminal ahead of schedule. The consortium wants to restore its full CPC Blend export capacity following a drone strike which damaged one of their other moorings. Sources familiar with the situation have confirmed that SPM-3 will be back in operation in the next 7 days. The repairs were originally planned to take two months. CPC has halted operations after a drone attack by the Ukrainian navy caused significant damage to its SPM-2 mooring. Sources...

Sources familiar with the matter say that Novatek, a Russian producer of liquefied natural gases, has reduced the price of its cargoes between 30% and 40% since August in order to encourage Chinese buyers to buy sanctioned gas produced by its Arctic LNG 2 Project. The purchase has ended the commercial limbo of the $21 billion project that is subject to the most severe sanctions the U.S., Europe and Russia have imposed against Russia. Washington wants to stop the flow of oil revenue into Kremlin bank accounts as U.S. president Donald Trump increases pressure on Moscow to end their war...