Transportation

U.S. Gulf of Mexico energy companies on Friday were lumbering back from typhoon interruptions as overseas oil and gas producers ramped up operations after halving the crucial energy region's output, ports resumed, and onshore terminals accepted oil and melted natural gas (LNG). tankers. Hurricane Francine shut in up to 42% of the area's. offshore oil and 53% of its gas production. The storm. missed out on Texas and came ashore in Louisiana late on Tuesday,. causing flooding and power problems that affected onshore. terminals and ports that stood up to 100 mph (161 kph) winds. The port of New Orleans,...

TC Energy's Coastal GasLink pipeline in western Canada has been fined C$ 590,000 ($ 434,558). for 10 ecological noncompliance charges, the British. Columbia federal government stated on Thursday, taking its total charges. to almost C$ 1.4 million. British Columbia's Environmental Assessment Office enforced. the charges due to the fact that of concerns about lacking erosion and. sediment control procedures that were determined during. examinations along the pipeline building route in April and. May 2023. These latest financial penalties reflect the EAO's. escalation of enforcement due to duplicated non-compliance with. EAO requirements, the regulator stated in a press release. Coastal GasLink...

Argentina minimized its energy subsidies in the first seven months of the year by $2.7 billion, Energy Secretary Eduardo Rodriguez Chirillo stated on Thursday, as part of an objective to curb the government's fiscal deficit while likewise working to promote investment in the energy sector. The South American nation aims to advance an enthusiastic reform bundle that includes guarantees for large investments, a. new hydrocarbon law, and changes to its foreign exchange system. aimed at securing dividend repatriations for foreign investors,. all part of President Javier Milei's relocate to protect capital. Rodriguez Chirillo told business people in Houston that. Argentina...

Senegal was struck by a. nationwide electrical power failure on Thursday following an accident. at a power station in the capital, Senegal's power energy. Senelec said in a declaration. The U.S. has dedicated over half a billion dollars in current. years to upgrade Senegal's electricity grid as part of a 2018. deal to improve access to reliable power. The accident at the 90,000-volt Hann station set off a. broader interruption on an interconnection grid, interrupting electrical power. distribution throughout the nation, Senelec said. It did not provide any additional information about the accident. Because an extreme power crisis a decade...

Russian pranksters released footage on Thursday of a video call with Polish Foreign Minister Radoslaw Sikorski after apparently fooling him into thinking he was speaking with former Ukrainian President Petro Poroshenko. Vladimir Kuznetsov and Alexei Stolyarov, who use the aliases Vovan and Lexus, have deceived a number of Western politicians over the years into going over subjects of interest to Moscow. The duo, who have denied Western accusations of having links to Russia's intelligence services, were offered a top state award in the Kremlin in July for their exploits. Reuters could not confirm the credibility of the video call, which...

Japanese area expedition business ispace will release its second moon landing objective as early as in December, president Takeshi Hakamada stated on Thursday. The Hakuto-R Objective 2 will see ispace's spacecraft provided by a SpaceX Falcon 9 rocket from Florida and will try a lunar goal after four to five months of spaceflight, Hakamada stated. I'm excited that our re-attempt to the moon is approaching, he told a press conference. The 2nd objective would follow ispace's first touchdown attempt in April 2023, which failed in the last minutes due to altitude mistake. The Tokyo-based start-up aims to follow the success...

U.S. energies dealt with a near 70% dive in cyberattacks this year over the exact same duration in 2023, according to information from Check Point Research, highlighting the escalating hazard to a vital infrastructure. The utilities and power facilities across the U.S. are becoming progressively susceptible as the grid broadens rapidly to meet surging demand for power and properties are digitalized. Utilities are low-hanging fruit for cyberattacks since much of them use outdated software, stated Douglas McKee of cyber security company SonicWall. To date, the attacks have not crippled any U.S. utility, but industry experts warn a coordinated effort might...

The following are the top stories from selected Canadian papers. Reuters has actually not validated these stories and does not vouch for their precision. THE GLOBE AND MAIL - Canadian mutual fund Brookfield is thinking about moving its head office to New york city to set it as much as join a larger roster of stock indexes, as it looks for to expand the pool of potential investors in its stock. - TC Energy's C$ 1 billion ($ 736.92 million) offer to sell a minority stake in its Canadian gas pipeline system to a consortium of Native neighborhoods has been...

A BlackRockmanaged fund has actually purchased a minority stake in a pipeline connecting Saudi Arabia and Bahrain from Bahrain state oil company Bapco Energies, the 2 firms said on Wednesday, as the small Gulf state tries to extract worth from its energy possessions. A fund handled by BlackRock's Diversified Infrastructure service purchased the stake in Saudi Bahrain Pipeline Business ( SBPC), they stated in a joint declaration. No value was disclosed for the deal, which marks Bapco Energies' first asset monetization and is set to support Bahrain, the area's most indebted economy and amongst its tiniest oil manufacturers. Bahrain has...

The Biden administration on Monday said it had actually authorized a major transmission line in Nevada that will run numerous miles along the state's border with California and be able to supply power to about 5 million homes. WHY IT is necessary The milestone is the administration's latest effort to speed approval of major tidy energy projects as part of its environment change and tasks agendas. President Joe Biden has an objective to decarbonize the U.S. electrical energy grid by 2035, a task that will need huge financial investments in new transmission to move tidy wind and solar energy to...

U.S. electric utilities are looking for to trek consumer power costs in 2024, extending last year's record rise in electrical energy rate increases, the Energy Information Administration stated on Monday. Energies have increasingly requested for rate boosts in recent years to spend for power infrastructure as the nation's. grid faces an attack of extreme weather condition and ballooning demand. from the electrification of markets and the innovation. sector's information center construct out. In 2023, state utility regulators approved almost $10. billion in rate increases, more than doubling the $4.4 billion. authorized in 2022, the EIA stated. Two California utilities aiming...

Canada's Pembina Pipeline said on Monday it will purchase some infrastructure properties in Alberta Montney from oil producer Veren Inc for about C$ 400. million ($ 294.9 million), to enhance its midstream. operations. WHY IT is necessary Debt consolidation in the pipeline and storage sector has been on. the increase because in 2015 as North American production grows, and. as obstacles in getting brand-new energy facilities authorized and. developed have made existing operators better. CONTEXT Pembina Gas Facilities, which is collectively owned by KKR,. will acquire four oil battery sites in the Gold Creek and Karr. locations, which have a...

Czech gas transmission system operator NET4GAS has won an arbitration case against Russian group Gazprom Export over payments it was owed, the Czech business said. In a filing late on Thursday, NET4GAS said a tribunal had bought (Gazprom Export) to pay the claimed amount together with default interest and reimburse N4G for the costs of the proceedings. Gazprom and Gazprom Export did not immediately respond to a. request for remark. NET4GAS has said it was declaring 113 million euros from. Gazprom Export after the Russian carrier stopped working to make payments. under contracts following the halt in products to Europe...

Russia's Lukoil is set to resume oil materials through the Druzhba pipeline to Slovakia and Hungary in October after Hungary's MOL said it had struck offers to carry crude through Belarus and Ukraine via the pipeline, 2 sources stated on Tuesday. The sources said the supplies would resume next month since this month's export plans had actually been made beforehand and it is difficult to reroute volumes. One stated Lukoil might be able to reroute a little volume this month, however it was yet to be seen. In the summertime, Kyiv banned Lukoil products after putting the Russian group on...

Russia will increase oil exports via its western ports to 1.98 million barrels each day ( bpd) in September, up by just 30,000 bpd from August, in spite of anticipated start of seasonal maintenance on Russian refineries, two trade sources stated on Friday. Russia needs to supply its own market with sufficient petroleum to produce motor fuels important to meet demand, however usually local refineries begin big seasonal maintenance and cut runs, which leads to greater accessibility of crude oil for exports. Russia's August oil shipments from Primorsk, Ust-Luga and Novorossiisk will rise just 1.5% every day from August plan,...

Ukraine and U.N. nuclear firm IAEA have concurred that the agency's professionals will keep an eye on the scenario at essential Ukrainian substations in addition to nuclear plants, Ukraine's primary nuclear inspector said on Thursday. Over half of the electricity consumed in the nation is created at three nuclear reactor, but Russian missile and drone attacks on substations threaten the stable operation of nuclear power plants, Oleh Korikov told a televised instruction. It was concurred that IAEA would broaden its functionality, its presence in Ukraine, which electrical substations, which are important for the safety of nuclear power plants, would likewise...

President Vladimir Putin stated on Thursday that Russia aims to keep pumping gas through Ukraine to the European Union but included that Moscow could not force Kyiv to keep the transit agreement which expires at the end of this year. As for Ukraine, we are not abandoning this transit, strangely enough. Why? Since we, and Gazprom, intend to satisfy all our commitments to our consumers with whom we have long-term agreements, Putin said. There is a transit contract that ends on December 31 of this year. However if Ukraine refuses this transit, well, we can't. force it, Putin stated. Putin...

On Tuesday, Russian President Vladimir Putin was welcomed with a red-carpet welcome in Mongolia. Ukraine had criticised the country for failing to arrest Putin under an international criminal court warrant. Putin was welcomed by his Mongolian counterpart Ukhnaagiin Khurelsukh as he exited his limousine at Ulaanbaatar's capital in front of a line of guardsmen wearing pointed-top helmets on horses. The Kremlin Leader knelt down to kiss a girl who had come forward to greet him in Russian, and give him flowers. A warrant of arrest issued by the International Criminal Court last year for Putin obliges its 124 members, including...

2 independent members of the supervisory board of Ukraine's nationwide power grid operator resigned on Tuesday, saying they believed the choice to dismiss the operator's head was politically motivated. On Sept. 2, a bulk of Ukrenergo supervisory board members chose terminate early the powers of Volodymyr Kudrytskyi after he provided a report on ensuring the security of grid facilities throughout Russian attacks. Today, on September 3, we have actually sent our composed notifications about the early termination of powers as members of the Company's Supervisory Board, chairman of the board Daniel Dobbeni and board member Peder Andreasen stated in a...

Freight rates to ship Russia's Urals crude to India have actually fallen even more and remain at their least expensive because Western nations introduced a cost cap late in 2022, boosting the economics of Moscow's oil exports, market sources informed Reuters on Monday. Costs for Urals in India have actually likewise enhanced, keeping price quotes on a FOB basis in Russian ports . practically $10 above the cost cap limitation, Reuters. estimations shows. The Group of 7 countries (G7), including the United. States, and the EU have imposed a price cap on Russian seaborne. deliveries of crude oil considering that...

Russian business, primarily Tatneft, have actually boosted oil exports to Slovakia and Hungary to replace materials lost after Ukraine sanctions halted exports from Moscowbased Lukoil, Kommersant paper stated on Thursday. Lukoil was prohibited by Kyiv from utilizing the part of the Druzhba, or Friendship, pipeline that goes through Ukrainian territory, partially providing Hungarian and Slovakian refineries. The two landlocked nations alerted of possible fuel lacks from September unless an option was found. Hungarian energy company MOL has still not received required oil volumes, including for the Slovnaft refinery in Bratislava, Kommersant reported, mentioning unnamed sources. Tatneft did not respond immediately...

Ukraine's drones set a number of oil tanks on fire at the Glubokinskaya oil depot in Russia's Rostov region, numerous Russian Telegram channels reported on Wednesday. Rostov's guv, Vasily Golubev, stated in a Telegram post that 4 Ukraine-launched drones were ruined over the region, however made no reference of an attack on an oil depot. The Baza Telegram channel, which is close to Russia's. security services, stated that three tanks were burning after two. drones fell on the area of the oil depot. Reuters might not separately confirm the reports. There. was no immediate remark from Ukraine. The attack comes...

CNPC, Asia's leading oil producer, is reviewing its worldwide technique as it looks to restore dealmaking, eyeing gas liquefaction and deepsea drilling as well as structure on its record of producing more from aging wells, the head of its research arm said. China National Petroleum Corp (CNPC) and its listed arm PetroChina face stagnant oil output in your home and a deficiency of new tasks internationally to increase reserves even as slowing economic growth and rising EV usage wear down domestic need, although mounting geopolitical barriers limit its space to manoeuvre. CNPC may rekindle buying big oil and gas assets...

The European Commission has declined Hungary and Slovakia's demand that it moderate a. assessment procedure with Ukraine over sanctions imposed by. Kyiv on Russian oil manufacturer Lukoil (LKOH.MM), a Commission. representative said on Friday. Commission services have preliminarily concluded that. immediate consultations do not seem necessitated, the. spokesperson said. The representative said Brussels had no sign Ukraine's. sanctions had actually triggered a danger to European security of energy. products, since Russian oil was still streaming through the. Druzhba pipeline that connects Russia, through Ukraine, to the Czech. Republic, Slovakia and Hungary. It appears that the sanctions enforced by Ukraine on...