Transportation

The proposal by the Canadian company 'South Bow' to revive portions of the Keystone XL oil pipe, which was cancelled in 2010, could increase Canada’s crude exports into the?U.S. If it is given the green light by U.S. president Donald Trump, and additional links are built to U.S. refinery hubs, then Canada's crude exports could increase by more than 12 percent. The new proposal includes a different route in the U.S. compared to the Keystone XL project, which was cancelled by former U.S. president?Joe?Biden after years of Indigenous opposition and environmental resistance. South Bow, the company set up in 2024...

A North Dakota judge finalized on Friday a $345-million judgment against Greenpeace, in a suit filed by Energy Transfer in response to the environmental group's protests against the Dakota Access Pipeline. The final judgement?by?Judge James Gion is in line with his decision in October in which he reduced by almost half the damages award of $667 million awarded to Energy Transfer in March. Greenpeace said in a press release that it would request a new trial, and if needed, appeal the ruling to the North Dakota Supreme Court. It called the lawsuit "a blatant effort to silence free expression." In...

The U.S. Department of Energy granted a permit to a $2.5 Billion?power project that will send electricity from the Dominican Republic to Puerto Rico, according to the company in charge of the development. They added that this would be the Caribbean’s first cross-border energy facility. Puerto Rico is?plagued by widespread power outages? since Hurricane Maria, one of America's deadliest storms, decimated its electrical grid almost a decade ago. Rafael Velez, President of the Puerto Rico-based Atabey Capital investment firm, the principal investor and founding investor for the project developer, said: "We are extremely excited to receive the presidential permit." It's...

Ukraine's president?Volodymyr?Zelenskiy stated on Wednesday that despite the requests of the?European Union? and the protests from Hungary, repairs to the Druzhba Pipeline, which transports Russian oil to Eastern Europe?cannot be completed quickly. Since January 27, Ukraine has said that a Russian strike on pipeline equipment in western Ukraine was responsible for the suspension of Russian oil shipments to Hungary and Slovakia. Slovakia and Hungary blame Ukraine for the extended outage. Zelenskiy, a reporter, said that the Russians had destroyed the pipeline connecting the Black Sea port Odesa to Druzhba. "This isn't their first strike. They continue to attack the energy...

A federal government'source' familiar with the issue said that Canadian Prime Minister Mark Carney knew about South Bow's plans in October to revive some of the canceled Keystone XL expansion pipeline to the United States. He floated this idea to U.S. president Donald Trump. Source: South Bow, Canadian pipeline company responsible for the canceled 'Keystone XL Pipeline,' is looking at reviving parts of the existing line as part of an expansion project in Alberta aimed to transport more Canadian oil into the United States. South Bow, the Canadian pipeline company that took over the Keystone XL assets of TC Energy...

Tuesday, oil prices fell 1% after Iran said it would take all 'necessary measures' to reach a deal with the United States. This came following weeks of the U.S. increasing its military presence in the Middle East. Brent futures closed at $70.77 a barrel, down 72c or 1%. WTI futures fell 1% as well, closing at $65.63, a decrease of 68 cents. Oman's Badr Albusaidi, the Foreign Minister of Oman, said that the U.S. and Iran will be holding a third round of talks in Geneva on Thursday. Iran is the third largest crude producer within the Organization of Petroleum...

Sources familiar with the issue said that Canadian 'Prime Minister Mark Carney' was aware of South Bow Oil Company's plans to revive a portion of the canceled Keystone XL Pipeline to the United States, when he brought the idea up to U.S. president Donald Trump last October. Sources said that South Bow, the Canadian company responsible for the Keystone XL pipeline cancellation, may revive some of the existing line as part of an expansion project aimed to transport more Canadian oil into the United States. During Carney’s meeting with Trump at the?White House he brought up the possibility of reviving...

Sources familiar with the issue said that Canadian Prime Minister Mark Carney knew about the plans of 'oil company South Bow to resurrect parts of the canceled Keystone XL Pipeline?to the United States, when he brought the idea up to U.S. president Donald Trump last October. Sources said that South Bow, the Canadian company responsible for the Keystone XL pipeline cancellation, may revive some of the existing line as part of an expansion project aimed to transport more Canadian oil into the United States. Carney raised the prospect of reviving Keystone XL, an oil pipeline that runs from Alberta to...

U.S. Airlines are planning to add flights on Tuesday as they deal with thousands of'scrubbed' flights the day after a powerful Northeast winter storm?forced over 8,000 cancellations. The storm Snowfall blanketed the Northeast of the United States, closing roads and canceling school. United Airlines, which was affected by the cancellations on Monday, said that they were planning to increase their operations on Tuesday. However, they warned that conditions "remain challenging". Cirium data as of late afternoon shows that 7% of U.S. flight cancellations are expected on Tuesday. This is down from?over 19% on Monday. Cirium data shows that on a...

U.S. spot gas prices at the Waha Hub, in 'the Permian Shale' in West Texas, closed Monday in negative territory. This is the 12th consecutive time that the price has been in negative territory. Pipeline constraints have trapped?gas within the nation’s largest oil-producing basin. Some?energy companies are forced to pay other firms to take the gas produced by their?oil? production. Analysts have said for years that negative gas prices are a sign that the Permian Region, which includes West Texas and Eastern New Mexico, requires more pipelines. There will be more pipes later this year but not fast enough to...

Robert Fico, Slovakia's prime minister, threatened to cut off electricity to Ukraine if Kyiv did not act within two days and resume the re-supply of Russian oil through Ukraine to Slovakia. This supply had been cut off for a little over a month. Slovakia and Hungary are the only two EU nations that still depend on large amounts of Russian crude oil transported via the Soviet Druzhba pipe over Ukraine. Both countries have leaders who have maintained close ties with Moscow bucking the largely pro Ukrainian European?consensus. Since January 27, the flow of Russian oil through Druzhba has been halted....

Mexican authorities raided this week a tunnel that was used to steal fuel from a state-owned pipe, giving a rare glimpse into the long-running fight against a black market trade often dominated?by organized crime. The 22-meter (72-foot) long tunnel was discovered outside a house in rural Hidalgo state near the town of Tepetitlan. In a Tuesday statement, the Hidalgo State Attorney said that it led to two taps of an underground pipeline. Security forces also confiscated drugs at this location. The Hidalgo State attorney declined to provide any further details on the announcement. Unidentified person who was familiar with the...

ExPro, a Kyiv based analyst, said that Ukraine increased its electricity imports in February by 41% compared to January. This was due to Russian attacks against the Ukrainian power sector. Russia has increased its strikes against Ukraine's energy industry, targeting both power plants as well as substations. This forced Kyiv to cut off power supplies for businesses and import more power from the EU. ExPro stated in a report that a "majority" of the imported power came from Hungary. The supply from Hungary grew 54% from January to February. Ukraine imported electricity also from?Slovakia, which accounted for 18% of its...

Hungary's MOL imported 35,000 tons (of Ukrainian crude) via the Druzhba Pipeline at Kyiv’s request, according to executive chairman Zsolt Hernadi of commercial television station ATV. This was after a fire and strike near the Druzhba Pipeline in late January. Ukrainian officials in the industry did not respond immediately to a comment request. Since January 27, oil shipments through the pipeline to Hungary and Slovakia, the only European Union nations still importing Russian crude, have been suspended following what Kyiv claims was a Russian assault on pumping stations in western Ukraine. Hungary and Slovakia claim that Ukraine has blocked the...

Volodymyr Zelenskiy, the president of Ukraine, said that Ukraine would complete all technical work required to begin negotiations on all issues for its European Union accession within a few days. Zelenskiy urged the EU partners to set a date for Ukraine's accession to the EU. He said that this would be an important guarantee to the future security of the country as Kyiv negotiates to end the conflict with Moscow. "We are prepared, but not every leader of the European Union is... "I?mean not everyone is prepared to give Ukraine this chance," Zelenskiy said in a WhatsApp chat with reporters....

Hungary and Slovakia have agreed to establish a joint committee on Friday, to investigate damage to the Druzhba Pipeline in Ukraine. They also called on Kyiv for access to allow them to restart Russian oil flow. Hungary and Slovakia, the only European Union nations still importing Russian crude oil, were forced to stop receiving supplies via Druzhba on January 27. Both countries had to find alternative sources of supply and use state reserves. Ukraine wants Europe to stop purchasing Russian fuel. It says that a Russian drone struck the pipeline and they are making repairs as quickly as possible. Hungary...

The Russian Foreign Ministry's Maria Zakharova accused Ukraine of a threat to Europe's energy security by stopping the flow of?Russian crude oil through the Druzhba pipeline into Hungary and Slovakia. Ukraine says that the pipeline has still not been repaired after being damaged by Russian air strikes in late January. On Monday, in another incident, Kyiv's drones hit a Russian pumping station servicing the same.pipeline. Hungary blocked this week new EU sanctions against?Russia, and an EU loan for Ukraine in response to the oil shutdown. Zakharova said that the inaction of Brussels is surprising because the blockage by Ukraine of...

In an email response to questions, the National Bank of Hungary said that it had launched a probe to determine if certain transactions involving shares in oil group MOL violated 'rules against insider trading. The central bank is investigating whether the provisions on prohibited insider trading have been violated in connection with certain capital market transactions linked to MOL Plc. The central bank is investigating whether certain capital market transactions involving the issuer have violated the prohibitions on insider trading. The NBH added, "As the official process is still ongoing, it cannot provide any further details." MOL stated in an...

The United Kingdom sanctioned the oil pipeline operator Transneft as part of its package of almost 300 measures on Tuesday. It announced its "largest" set of sanctions to coincide with 'the fourth anniversary of Russia invading Ukraine. The Russian government claimed that Transneft was a major pipeline company in the world and transported more than 80% the crude oil exported by Russia. The goal was to cut further into Moscow's revenues from energy. The West has imposed thousands of sanctions against Russia, including on its oil sector. However, this has not resulted in a significant reduction of Russian oil exports....

Ukraine's power plants, which have been severely damaged by Russian airstrikes, continue to import electricity from other countries, said the transmission system operator, Ukrainenergo, on Tuesday after Slovakia halted emergency supplies. Robert Fico, the Prime Minister of Slovakia, said on Monday that it would not accept any emergency requests from Ukraine until the Druzhba oil pipeline is restored. This runs through Ukraine and Russia to central Europe. Slovakia and Hungary are no longer able to access Russian crude oil through Druzhba due to damage caused by Ukraine last month. Ukrenergo announced on Telegram that "electricity is being imported by all...

Robert Fico, the Slovak prime minister, said that his country's electricity grid operator will refuse any Ukrainian requests for an emergency supply of electricity from Monday onwards until oil flows resume through the Druzhba Pipeline. This escalates a dispute over?the crude. The announcement comes after European Ministers in Brussels failed to convince Slovakia and Hungary to drop their threats to punish Ukraine over the delay in restarting the flow. Since January 27, Ukraine has cut off the flow of Russian oil into Slovakia and Hungary. Ukraine claims that a Russian drone struck pipeline equipment in Western Ukraine. Ukraine has said...

The emergency crews restored power to most areas?affected?by the cuts?after a major Ukrainian assault on energy infrastructure?, said the Russia-installed Governor of the part of Zaporizhzhia?region controlled?by Moscow. Yevgeny Balatsky wrote on Telegram that power had been restored to all households except for 12,000 in a single district. He said that emergency crews were working to complete the task. Balitsky said earlier that two power outages occurred in the area in southeast Ukraine. Workers have already restored power in 50% of the region, and generators are supporting critical infrastructure. According to Leonid Pasechnik the?leader of Russia-controlled Luhansk, in Ukraine's north,...

Hungary's foreign minister announced on Friday that it will not approve a 90 billion-euro (106?billion dollars) EU loan to Ukraine unless the country resumes oil deliveries via?the Druzhba Pipeline. Budapest had previously said that it would use strategic reserves to address a shortage. Hungary and Slovakia have been working to ensure supply of Russian oil since January 27, when flows were stopped following what Ukraine claimed was a Russian drone strike that damaged pipeline infrastructure. Both countries blame Ukraine for the delay in resuming flows due to political reasons. On Thursday, we requested the comments of the Ukrainian Foreign Ministry...

Hungary and Slovakia asked Croatia for help in securing Russian oil. Hungarian firm?MOL released strategic crude reserves following disruptions to the flow of oil via Ukraine, which both countries blamed on Kyiv. Kyiv's Foreign Ministry?last week claimed that a Russian attack against a Ukrainian.pipeline is responsible for the halt of flows into Eastern Europe since?January 27. Andrii Sybiha, Ukrainian Foreign Minister, posted a picture on X showing firefighters and what he called Druzhba Pipeline infrastructure on fire. He accused Hungary of failing to comment publicly on the incident during two weeks due to its ally Russia being at fault. Hungary...