Transportation




Transportation

Kuwait's KPC signs a $16 billion lease-and-leaseback agreement with Blackstone, KKR and Brookfield to build an oil pipeline network

Kuwait?Petroleum Corporation has announced a deal worth $16?billion for its crude oil pipeline?network. The consortium includes global?funds Blackstone Brookfield and KKR. The largest foreign direct investment ever made in the history of the country. Kuwait Oil Company, a unit of KPC, is establishing a joint-venture with three U.S. investors in a lease-and-leaseback structure over a 20-year period that includes a tariff based on volume, KPC said in a press release. The deal is part of an effort by Gulf State oil companies and investors to attract foreign capital and raise funds through infrastructure assets, in order to finance domestic investment...





Asia

North America

Oil Pipeline

What has been attacked by Ukraine in its attacks on Russian energy sites?

Ukraine's forces have struck Russia's energy infrastructure, which Kyiv claims is an attempt to deny Russia resources for funding its military. Here is a list of recent attacks and their impact. TYUMEN On July 25, local Russian authorities reported that a?Ukrainian 'drone strike' sparked an fire at the Tyumen Refinery in western Siberia. The fire was later extinguished. The refinery's nominal capacity is around 8 million tons per annum. According to industry estimates, it processes approximately 6 million tons per year, producing 0.5 million tons gasoline and 2.5 millions tons diesel. YAROSLAVL According to President Volodymyr Zelenskiy, Ukrainian forces attacked...

Transportation

Document shows that India's MRPL is seeking crude through a tender, avoiding the Red Sea and Hormuz.

A tender document released on Monday showed that India's state-owned company Mangalore Refinery & Petrochemicals Ltd is looking to import oil through a spot tender. For the first time, the tender asked suppliers to avoid the Red Sea and Strait of Hormuz. The Houthis of Iran, who want to stop Saudi exports and expand the U.S./Iran conflict, have been disrupting Red Sea traffic off the coast of Yemen for the past week. In a bid document, MRPL stated that "Crude loading/transit through the Red?Sea or SoH must be avoided." The tender sought?upto 1 million barrels on a delivered basis between?August...

Transportation

US Energy Department orders additional power resources for Western Electric Grid

The U.S. Department of Energy issued an emergency order on Sunday authorizing the grid operator serving parts of 17 states to deploy idle power sources in order to prevent heat wave blackouts. The?U.S. The order instructed grid operator Southwest Power Pool (SPP) to dispatch generator units as necessary to maintain reliability in a territory home to more than 20 million people, spanning from North Dakota to Louisiana. The DOE order was issued shortly after SPP warned of the likelihood that emergency conditions will persist during peak demand periods. This highlights the region's vulnerability due to power plant failures, declines in...

Transportation

Western US grid operator warns that emergency conditions could persist in seven states

The operator of a major power grid in the west of the United States warned on Sunday about emergency situations that are likely to continue during periods of high demand, underscoring how vulnerable this region is to interruptions in imported energy. The Southwest Power Pool's (SPP) regional grid has seen a rise in rotating blackouts over the last?week. SPP's reserves were dwindling on Friday after a sudden drop in electricity imports from neighboring grids. SPP prevented outages by asking for voluntary conservation to maintain reserves. SPP is expecting the highest demand of the week in the western territory on Sunday...

Transportation

Iran claims that a Ukrainian vessel attacked in the Caspian Sea has killed a sailor

Iran's Foreign Ministry condemned on Saturday an attack by Ukraine on a commercial Iranian vessel in the Caspian Sea. It said that a resulting explosion killed one sailor and injured another. Throughout the Ukraine war, Kyiv had to combat drones designed by Iran that were deployed by Moscow. Kyiv offers its drone intercepting expertise to Middle East countries that have been hit by?Iran. Tehran called the attack on the Iranian vessel an act of aggression, and said it would defend national security and interests. It also accused Kyiv of trying to escalate the conflict in Ukraine. The Iranian denial coincided...

Transportation

Houthis attack Saudi oil sites, but no US strikes on Iran for the first time in two-weeks

Yemen's Houthi militants, who are aligned with Iran, fired on Saudi oil facilities in two ports along the Red Sea Coast on Saturday. However, the U.S. did not launch air strikes against Iran for the first time in two weeks. Washington did not explain why it abruptly stopped a 13-night streak of escalating attacks in retaliation of Iranian attacks on ships in the Strait of Hormuz after an interim agreement to end hostilities failed. Hossein Kirmanpour, spokesperson for the Health Ministry, said on X: "It appears that our dear Iran enjoyed a peaceful sleep last night." No reports were made...

Transportation

NextEra CEO: We have secured full ownership of the Iowa nuclear plant that is being restarted to power Google data centers.

NextEra Energy CEO John Ketchum announced on Friday that the company has acquired sole ownership of a closed 'nuclear?power?plant? in Iowa, which is being restarted to supply Google data centres. NextEra has acquired the remaining 30% of a minority stake in a Duane Arnold Nuclear Power Plant from two rural utilities. This acquisition took place roughly nine months after NextEra announced its intention to resume operations at the plant. The soaring demand for?electricity in the United States -- fueled by Big Tech's expansion of data centers -- has led to multiple attempts to restart closed nuclear reactors across the country....

Transportation

Freeport LNG will take more natgas Friday, after the unit closed on Thursday. LSEG data

Freeport LNG’s export plant in Texas 'was on track to receive more 'natural gas?on Friday, after one of the three?liquefaction?trains shut -down?on Thursday. Freeport's liquefied gas export plant is closely watched around the globe because its shutdown and restart caused huge price swings on global gas markets. U.S. Gas prices tend to rise when Freeport's liquefaction trains restart. This is because demand for fuel at the plant increases. This is what has happened on Friday so far with?U.S. Gas futures are up by?around 1 percent due to increased feedgas for Freeport. Freeport informed Texas environmental regulators that Train 1 had...

Transport Infrastructure

Canada will open the Gordie Howe Bridge without US after trade conflict intensifies

Canada will celebrate the 'opening of a new bridge linking Windsor, Ontario and Detroit, Michigan on Friday, in a quiet ceremony without U.S. officials, after a dispute over toll sharing and threats from U.S. president Donald Trump of tariffs of up to 50% further strained tensions between the two countries. Canada has cancelled the planned ribbon-cutting ceremony to celebrate the Gordie-Howe International Bridge. The country said that the event would be celebrated only by Canadians, before the bridge is opened for traffic on Monday. The celebration of a long-standing friendship between the two countries has been overshadowed due to trade...

Transportation

US Energy officials consider power shifting in PJM electrical grid

U.S. Energy officials questioned PJM's 'power structure' on Thursday, as regulators weighed reforms for the country's biggest power grid. The grid faces growing risks of blackouts due to a 'data center demand that soars' and 'little new electricity supply' is added. PJM, a company that covers 67 millions Americans in the Mid-Atlantic region and the 'Midwest', including the largest concentration of data centres in the world, has been struggling with power shortages and rising electricity prices ever since the demand for the region started to increase two years ago. At a Federal Energy Regulatory Commission technical conference, officials from the...

Transport Infrastructure

The Trump administration calls on Congress to adopt permanent daylight savings time

As part of the legislation required to renew federal transportation programs, the Trump administration wants Congress to make daylight savings?time permanent. They also want to deprioritize mass transit and bicycle lanes, reduce funding for charging stations for electric vehicles, and accelerate adoption of self-driving car technology. In a letter sent to Congress on Thursday by Sean Duffy of the U.S. Transportation Department, he also asked that Congress provide New York Penn Station another $1 billion to rebuild it and direct Amtrak rename Penn Station. In February, it was reported that the Trump administration offered to defrost some transportation funds in...

Transportation

FERC considers major reforms to improve the transparency and independence of the largest US power grid

U.S. 'energy officials' pushed Thursday for greater transparency and independence in PJM Interconnection as regulators consider reforms to the country’s largest power grid. PJM faces a growing risk of blackouts due to the soaring?data centre?demand while fewer new electricity supplies are being added. PJM has been struggling with power shortages and rising electricity prices ever since the demand for electricity in the Mid-Atlantic region increased two years ago. At a Federal Energy Regulatory Commission technical conference, officials from the White House and state governments met with power industry executives to discuss possible solutions to PJM’s supply and pricing problems. Some...

Europe

LNG Transportation

Equinor CEO: Europe is unlikely to achieve 80% of gas storage goal

Gas volumes at European?storage sites are significantly lower than the five-year average and at their?second-lowest level in 15 years, Equinor chief Anders Opedal said on Wednesday after the?company reported its highest quarterly profit since early 2023. This is due to tightening market conditions that have increased competition from Asian buyers. Anders Opedal, Equinor's chief executive officer, said that gas volumes in European storage sites were significantly below the 5-year average. They are also at their second-lowest levels in 15 years. "We don't think Europe will be able to fill its stocks up to more than 80% this fall," Opedal said....

Transportation

Sources say that the $30 billion Morocco-Germany power cable has been stalled due to governance differences.

Four sources claim that a $30 billion project, which would provide Germany with renewable energy from Morocco via the longest intercontinental undersea power link in the world, is currently being delayed by disagreements about structure and guarantees. Sila Atlantik is a project that aims to link Morocco and Germany through two subsea cables capable of delivering up to 5% the annual German electricity demand. According to project developers, the cables would be 4,800 km long (2,892 meters) and fed by solar and wind power installations up to 15 gigawatts in Morocco. The total infrastructure costs around $30 billion. European countries...

Oil Pipeline

Sources say that CPC has stopped accepting Kazakh oil because of attacks on tankers.

Three industry sources confirmed that the 'Caspian Pipeline Consortium' has stopped receiving oil from Kazakhstan, after suspending loadings Monday due to attacks against oil tankers at their Black Sea terminal. On Tuesday, two sources also stated that the oil tanks at the terminal were full. CPC, the company that accounts for 80% oil exports out of?Kazakhstan declined to comment. CPC announced on Monday that the oil loadings at Black Sea port had been suspended following a drone strike on tankers. Russia accused Ukraine of targeting CPC tanks as part of their "ambition to destabilise global oil markets". Ukraine has not...

Western Europe

Middle East

Transportation

Iran announces it will cease its strikes so long as the US bombing pause continues

Iran will cease its attacks as long the United States also does,?a senior Iranian official said on Sunday. The United States has paused its bombing campaign after President Donald Trump's advisors informed him that they had run out of targets. They also expressed concern about the depletion of the U.S. weapons arsenal. The Pentagon ended the airstrikes against Iran after 13 nights. No U.S. strikes were reported for Saturday or Sunday. Iran has held off its attacks on the neighbouring countries of U.S. bases for two days. It had followed each night's U.S. airstrikes with its own strikes. An anonymous...

Transportation

Saudi Arabia and Houthis fire at each other as air defences intercept an attack on a refinery

Greek security sources said that air defence systems in Saudi Arabia intercepted on Saturday two ballistic missiles fired from Yemen, which were aimed at oil refineries in Yanbu. This was as Saudi Arabia and the Iran-aligned Houthis traded fire in the new front of the Iran War. The coalition led by Saudi Arabia in Yemen announced late on Friday that it had hit Houthi military bases in the port of Hodeidah in connection with attacks against shipping by the group. This group has declared a maritime blockade on Saudi Arabia. Abdul Malik al-Houthi, the leader of the Houthi group, said...

Transportation

US strikes Iran from the south to the north after Trump's threats about Red Sea shipping

U.S. rockets?hit targets in Iran on Friday, after President Donald Trump promised "major punishment" to Tehran and its Houthi ally in Yemen for extending Middle East war into a'second major shipping chokepoint at the mouth of Red Sea. The 'Iranian Armed Forces' responded two weeks after an interim ceasefire meant to end war collapsed by firing on U.S. bases and warning the people of neighbouring Arab nations that they could strike non-military structures used by U.S. personnel. The Houthis who control the northern and western parts of Yemen have announced a blockade of Saudi Arabia. Saudi Arabia has diverted millions...

Transportation

Brent is hovering above $100/bbl and set to rise weekly on Middle East escalation

Brent oil prices hovered above $100 per barrel Friday, heading for a fourth week of gains. This was largely due to concerns over disrupted energy flow in the Red Sea as well as fears about escalation of the U.S. and Israeli war against Iran. Brent futures rose 37 cents or 0.37% to $101.06 per barrel at 0330 GMT. The previous session, the price of a barrel had risen 7% over $100 for the first since May after Iran-aligned Houthis claimed they had struck two Saudi oil tanks in the Red Sea. The contract was on track for a 14.6% increase...

Transportation

Weekly oil price rises amid Red Sea attacks and Kazakhstan production cuts

The oil market was set to see gains this week as Houthi attacks on tankers in Red Sea raised concerns about the closure of a second shipping snare. Meanwhile, Kazakhstan temporarily reduced its output after its main export route had been forced to close. Brent futures eased?72 Cents, or 0.72 %, to $99.97 per barrel at 0126 GMT but remain on track for a 13.5% gain this week. West Texas Intermediate futures (WTI) fell 70 cents or 0.76% to $91.49 per barrel. They are on course for a weekly gain of 10.9%. Brent and WTI both rose by 7% on...

Transportation

Kuwait claims Iranian attack damages water desalination and power generation station

Kuwaiti authorities reported?on?Friday that an Iranian attack?hit one of Kuwait's power generating and?water -desalination stations, causing a fire, damage, and the interruption of a number of electricity generation units. The Ministry of Electricity, Water and Renewable Energy reported that firefighters brought the fire under control, while technical teams assessed the damage, secured the station and worked to restore service as quickly as possible for the affected electricity generation units. Iran claimed to have launched a new attack on U.S. military facilities in the Middle East on Friday. This included 'the first direct attack on Syria, following a sixth night of...

Transport Infrastructure

Sources say that Iraqi oil loadings are temporarily suspended after a drone strikes a tanker in Basra.

Iraq temporarily suspended oil loadings at its Basra terminal on Thursday before they were resumed, according to four Iraqi sources in the oil and security industries. Sources added that the drone was not damaged or set ablaze and that it wasn't immediately apparent who launched it. The head of Iraq's state-owned oil marketing company SOMO said that the incident did not involve a direct assault on terminals or vessels. It is not targeting Basra Oil Terminal. It is not targeting Basra Oil Terminal. Ali Nazar stated that loading is done at the normal rate, depending on vessel availability. A spokesperson...

Passenger Ground & Sea Transportation

Crude oil shipments from Saudi Arabia’s Yanbu Port near maximum levels amid Houthi concerns

Data and industry sources indicate that daily crude loadings in Saudi Arabia's Red Sea Port of Yanbu are close to their maximum levels as tensions with Yemen's Houthi militants intensify. The kingdom also seeks to maximize oil exports. Since the U.S. - Israel conflict with Iran began February 28, Saudi?Aramco has increased its use of the Yanbu Terminal. Sources have said that Saudi Arabia also considers expanding its capacity of the oil pipeline to the western Red Sea Coast, which would enable the kingdom and?possibly?neighbours to transport more crude oil without having to cross the Strait of Hormuz. Aramco didn't...

Transportation

Bahrain reports limited power outage in Bahrain; Kuwait restores some power after outages

Kuwait's Ministry of Electricity, Water and Renewable Energy announced on Wednesday that power was restored to a number of affected areas?by electrical outages? after several transmission lines?went out of operation. The ministry stated that emergency teams are continuing to work to restore electricity as soon as possible to all the?affected areas?. Earlier, the ministry said that several power lines were out of service and causing "electricity outages" in various parts of the country. The ministry said that 'teams are working under an approved emergency?plan to identify the cause and restore power supply. Bahrain's Electricity and Water Authority (BNA) reported that...

Transportation

Israel's Energy Minister touts oil pipeline bypassing Hormuz

Israel's Energy Minister said that the Gulf countries' dependency on oil shipments via the Strait of Hormuz would be'significantly reduced' by a pipeline connecting the Gulf to Europe via Israel. This would also allow them to avoid Red Sea shipping disruptions. After 'the U.S. launched strikes on Iran?on February 28, and Tehran effectively shut the strait, oil prices soared. Prices have fallen since a U.S. and Iran ceasefire, but there are still fears that tensions will rise again. Eli Cohen, Israel’s energy minister, said in an interview at Jerusalem that the Gulf countries don't want to depend on Iran or...

Transportation

Saudi Arabia is considering expanding oil pipelines to the Red Sea, according to sources

Saudi Arabia may expand the capacity of its crude?oil pipeline to the western Red Sea coast, according to five sources familiar with the matter. This would allow the kingdom, and perhaps neighbours, to 'transport' more oil without having to cross the Strait of Hormuz. The East-West Pipeline was constructed in the early 1980s, and it has been crucial ever since the Iran War and the subsequent halt of shipping through the Strait of Hormuz. The ship can carry up to 7,000,000 barrels of crude per day to the Red Sea Port of Yanbu. In May, Aramco's CEO said that approximately...

Transportation

Data shows that Russian pipeline gas exports into Europe fell 3.7% year-on-year in June.

Calculations showed that the average daily natural gas supply to Europe via the TurkStream pipeline fell by 3.7% compared to a year earlier to 36.2 million cubic meters in June. The only remaining transit route for Russian gas into Europe is through Turkey after Ukraine decided not to extend the five-year agreement with Moscow that expired in January 2025. According to calculations based on data from the European Gas Transmission Group Entsog, total Russian gas supplies via TurkStream to Europe were?1.09 billion cu?metres in June 2018, down from 1.13 Bcms in 2025. The half-year supply increased by around 5%, to...