Transportation

People familiar with the matter say that Chevron will sell a collection pipeline assets located in the Denver-Julesburg Shale Basin, which are expected to fetch over $2 billion. Bank of America's investment bankers have been soliciting interest in the midstream infrastructure in recent weeks. The sources asked to remain anonymous because the discussions are private. Some people said that the assets collectively generate about $200 million in earnings before interest taxes, depreciation, and amortization. Chevron could expect to receive upwards of $ 2 billion based on similar asset sales. The people warned that a sale was not guaranteed and Chevron...

Premier Danielle Smith said on Thursday that Canada and Alberta were not far apart in terms of the terms of an agreement which would set the conditions for the construction in Alberta, in exchange for environmental commitments. on Wednesday The main oil producing province of Canada will take the lead in early planning for a new pipeline. Smith stated in an interview that "we're approximately 80% in accord on most aspects." The ball is in the court of (Canadian prime minister) Mark Carney now. The federal government didn't immediately respond to our request for comment. Smith stated that her government...

Data centers are a major source of electricity for U.S. power utilities. Some requests exceed the energy consumption by their entire customer base, according to CEOs and investors from the non-profit sector. The data center power demands of Big Tech have created an opportunity for the long-stagnant US power industry to grow revenue and investment. But the record-breaking build-outs of energy-intensive servers warehouses come with new risks, according to market participants at the Large Public Power Council Financial Conference held in New York. Dan Sullivan, CEO of the Grand River Dam Authority in Oklahoma, said that "we're experiencing exponential growth."...

Three market sources said on Thursday that the Colonial Pipeline, which is the largest fuel conduit in America, has an outage across all its main delivery lines. The outage started around 5 a.m. One of the sources on the market said that "computer problems" were to blame for Thursday's outage. Source: The source did not know the exact nature of these issues. Sources requested anonymity in order to discuss confidential data. Colonial Pipeline didn't immediately respond to our request for comment. According to its website, the Colonial Pipeline transports over 2.5 million barrels of fuel per day across its 5,500-mile...

The National Transportation Safety Board urged Southeastern Pennsylvania Transportation Authority on Wednesday to take immediate action to eliminate the fire risk in its fleet Silverliner IV Railcars. The safety board stated that the design and maintenance practices of the agency and their railcars are outdated and pose "an immediate and unacceptable risk due to the severity and frequency of electrical fires which can spread into occupied compartments." The NTSB investigated five fires that occurred in SEPTA vehicles since February. SEPTA is the sixth largest public transit system in America. It provides service in five counties of the Greater Philadelphia Area...

A Surface Transportation Board member who was fired by President Donald Trump last August has filed a lawsuit on Wednesday. He is challenging his dismissal as the Surface Transportation Board prepares to consider a major decision regarding combining railways. Robert Primus referred to his firing as an "illegal removal". He said that Trump had "failed to provide a single reason for the termination, much less one that satisfied the statutory requirements of inefficiency, negligence of duty or malfeasance at office." Primus asked a U.S. District Judge in Washington, D.C., to reinstate him. The U.S. Rail regulator is considering a proposed...

Alberta announced Wednesday that it would submit a fast-track application to the federal government by the spring of 2026 for a new pipeline carrying crude oil, even if a private firm is not involved in the construction. The main oil producing province in Canada said that it would act as the official proponent of the proposal. It will take the lead on early planning, engineering and design work to determine the route, cost and size of a pipe. Alberta's government has said that the proposed pipeline can transport up to 1,000,000 barrels of crude oil per day to British Columbia's...

Four people with knowledge of the matter confirmed on Wednesday that KKR was exploring the possibility of selling its 40% stake in Pembina Gas Infrastructure. The value placed on its ownership in the Canadian midstream operator is expected to be around $7 billion. Pembina Gas Infrastructure is a joint venture formed by Pembina Pipeline Corp and an investment firm in 2022. It owns infrastructure for natural gas, natural gas liquids, transportation, storage, and processing in Western Canada. Sources said that KKR had been working with Scotiabank's investment bankers in recent weeks in order to gauge interest from potential buyers in...

The Globe and Mail reported Wednesday that the Alberta government was preparing to submit a request for a new pipeline from the British Columbia coast to Enbridge, South Bow and Trans Mountain. Three sources with knowledge of the matter were cited. Report said that the plan was to draft a proposal along with an estimate and submit it to the new Major Projects Office of the federal government. However, a final route had not been determined. The report cited a source familiar with the plans as saying that Enbridge, South Bow, and Trans Mountain would work with the Alberta Machine...

The global investment firm KKR announced on Wednesday that it had acquired a minority stake in the entity which leases Abu Dhabi National Oil Company (ADNOC's) gas pipeline assets. Financial details were not disclosed. KKR and BlackRock had invested in ADNOC’s oil pipeline assets as early as 2019, acquiring a stake of 40%, which they sold last year. KKR will acquire the minority stake in ADNOC Gas Pipeline Assets via its managed accounts. The company stated that the long-term capital would match the type of investment and the tenure. ADNOC retains ownership of the pipelines and management. ADNOC, the United...

Letitia James, New York's Attorney General, filed an emergency motion and a lawsuit on Tuesday seeking a temporary injunction against U.S. Homeland Security Secretary Kristi Noem as well as the Department. She accused them of illegally refusing to provide nearly $34 millions of funding requested by New York State's Metropolitan Transportation Authority. The MTA is a state-run agency that runs New York City's buses and subways, as well commuter rails that serve the nearby suburbs. James filed a lawsuit in late Tuesday at the U.S. District Court of the Southern District of New York to seek an emergency order before...

A California jury ruled on Tuesday that Uber was not responsible for the sexual assault claimed by a woman who claimed her Uber driver attacked her during a ride. According to the attorney representing the plaintiff, Uber has no responsibility for the assault. According to Celine Cutter one of her attorneys, at the conclusion of a three week civil trial, the jury found Uber negligent for the safety measures it took to protect an anonymous woman. However, they found that this negligence did not play a significant role in the woman's injury. This was the first trial of over 500...

A government official said that there is sufficient supply of Russian crude oil on the market for Indian refiners, as Ukraine's attack on Russia's energy infrastructure has reduced its refining capability and made more crude readily available. When India refused to comply, Washington imposed tariffs of up to 50% on U.S. imported goods from India. The official who declined to be named due to the sensitive nature of the matter said that Indian refiners still buy Russian oil. India is the largest buyer of Russian oil sold by sea. The oil was discounted after certain Western nations refused to buy...

Poland announced on Friday that the cost of its plan to connect to a NATO pipe-line network designed to provide fuel to troops in case of war will be 20 billion zlotys (about $5 billion). The ministry and the Polish pipeline operator PERN had signed an agreement earlier in the day to connect the pipelines of the country to the NATO network. Cezary Cezary Tomczyk, Deputy Minister of Defence said: "We're talking about...construction pipelines covering a distance up to 300 km...we're talking about one the largest investments made in the security and safety of the Polish State in the past...

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. In a memo, the Trump administration lays out a range of terms that are meant to raise university standards and performance. Trump Administration withholds $18 billion of infrastructure funds from some major New York City transportation projects, citing concerns over diversity, equity, and inclusion. Excelerate Energy was awarded a contract by Iraq for the development of an integrated floating terminal to import liquefied gas. Officials from the U.S. said that they will give Ukraine intelligence on long-range...

Three traders said that the premiums for Russia's ESPO blend crude oil loaded from Kozmino have fallen for November-loadings because independent Chinese refiners - key buyers of this grade - are facing dwindling import quotas. Traders said that cargoes due to be loaded from the Far Eastern Port of Kozmino, in November, were sold for a premium of about $1.70 per barrelle to ICE Brent, on a delivery-basis to Chinese ports. This is down from around $2 per barrelle at October levels. Independent refiners in China are subject to a strict quota-based system. State-run refiners like Sinopec PetroChina and CNOOC,...

The differential between Russia's Urals and Brent crude oil was little changed in Tuesday's featureless trading. However, the return of Iraqi Kurdistan Oil exports will add pressure to the market for sour crude, traders have said. Iraq wants to double the amount of crude oil flowing through the recently reopened Kirkuk - Ceyhan pipeline in Iraq by next year. This was stated by an official from Iraqi state oil marketing company SOMO. Rikan Kareem, speaking at a London conference on Tuesday, said that SOMO aims to reach 400,000-500,000 barrels of oil per day by 2026. After reopening the pipelines on...

The Russian government is planning to implement a partial export ban of diesel until the end the year in order to combat shortages after a series of drone attacks by the Ukrainians on Russian refineries. However, traders expect the measure to not have a significant impact on fuel flow. The Russian restrictions will only apply to exporters that do not produce fuel or whose export share is low. Around three quarters of diesel exported by producers are sent via North and South Pipelines, which respectively lead to Baltic and Black Sea Ports. These volumes are not limited. The new restrictions...

Data from LSEG, as well as market sources, showed that a tanker subject to U.S. sanction has moved east from the Arctic LNG 2 Plant along Russia's Northern Sea Route. Winter ice is a challenge for ships, so navigation is limited to the warmer months. Shipping data shows that the tanker Universal loaded about 44,000 tons of condensate gas at the Arctic LNG site on 2 September and then moved along the Northern Sea Route for ship-to-ship transfer near the Russian Far East Port of Zarubino. The final destination of the cargo is unknown. Arctic LNG 2 was to be...

The sighting of two or more large drones near Copenhagen Airport late on Monday stopped all take-offs, landings, and flight operations for almost four hours. Denmark linked the drones to a number of suspected Russian drone intrusions and other disruptions in Europe. Since 2017, airports have been repeatedly affected by a series of drone sightings, digital outages and other disruptions. These incidents bypass core flight safety systems and instead impact choke points like check-in/boarding systems, power infrastructure, and airfield perimeters. This causes ripple effects throughout networks. British Airways London hubs suffer an IT failure on May 27, 2017. British Airways...

Industry sources say that the differential between Urals crude and Brent crude dated Tuesday remained unchanged, but Russia is on its way to cutting oil production due to drone strikes. Transneft, the monopoly Russian oil pipeline company, has warned that oil producers may be forced to reduce oil production following Ukraine's drone strikes on key export ports and refineries. Oil prices rose by over $1 a barrel Tuesday as traders assessed the risk that Russian oil supplies could be disrupted if Ukrainian drones attack its ports and refineries. They also awaited Federal Reserve's interest rate decision. PLATTS WINDOW On Tuesday,...

The Russian authorities announced on Thursday that they had reopened Krasnodar's main airport, which is one of the biggest cities in southern Russia. Flights were suspended in 2022 for security reasons after the beginning of the Ukraine war. The transport ministry stated that it had solved outstanding security issues. It said the reopening would help local businesses and residents, and provide access to resorts on the Black Sea and Azov Sea coastline. Rosaviatsiya (the aviation watchdog) said that Krasnodar Airport, which had been completely overhauled, would receive its first flight regularly from Moscow when an Aeroflot plane is due to...

Two traders with knowledge of the situation said that the crude oil loadings at the Caspian Pipeline Consortium's (CPC's) marine terminal in Yuzhnaya Ozereyevka, near Novorossiisk, have remained steady so far this month at 1.6 million barrels a day, according to a preliminary export schedule. The revised CPC Blend loading plan for September has not changed from the provisional schedule as the expected disruptions to exports due to an oil spill at the mooring port did not occur. CPC suspended its operations on August 29 due to an accident that occurred during a loading process and a spill of oil...

Ukraine's Energy Ministry said that Russian forces attacked a thermal power plant in the Kyiv area as part of a nighttime attack. This caused localised blackouts, and gas shortages. The strikes came a day following the largest air strike by Moscow in its three-and a-half-year war against Ukraine. The ministry posted a message on Telegram saying that the goal was to "cause even more hardship for the peaceful population in Ukraine", and to leave Ukrainian homes and hospitals, kindergartens, schools and other institutions without heat and light. On Monday, rescuers and technical workers were on the scene. The Russian defence...