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Ukraine would not feel diesel cuts by Slovakia or Hungary, says fuel consultancy

Ukraine will not feel the cessation of diesel supplies from Slovakia or Hungary, which have actually threatened to halt shipments by requiring the repair of oil transit for a Russian company, the head of Ukraine's. leading fuel consultancy stated on Thursday. Slovak Prime Minister Robert Fico stated on Monday that his. nation would halt diesel materials to Ukraine unless Kyiv. brings back oil circulations from Russia's Lukoil through its. area. Slovakia and Hungary together provide about 10% of. Ukraine's diesel. Diesel supplies are vital for warring Ukraine due to the fact that the. fuel is used in battle lorries. In...

Oil Pipeline

TC Energy beats quarterly revenue estimates on greater gas transportation

Pipeline operator TC Energy on Thursday beat secondquarter earnings price quotes, assisted by higher volumes of natural gas transferred through its system. Extremely heat triggered customers to increase their use of air conditioning system and refrigerators, producing demand for natural gas. The NOVA Gas Transmission system got 14.2 billions of cubic feet each day (Bcfpd) of gas on an average in the reported quarter, up 5% from a year earlier and U.S. natural gas pipelines' transportation was up 3% at 26.2 Bcfpd. Quarterly revenues from the business's Canadian natural gas pipelines business came in at C$ 514 million ($ 371.79...

Transportation

Fires in Canada's Jasper town coming under control, state authorities

Development has been made suppressing fires in the Canadian traveler town of Jasper, with the staying ones anticipated to be put out by the end of the day, authorities stated on Saturday. The fires - triggered by a massive wildfire that is sweeping through Alberta's mountainous Jasper National forest - are said to have ruined about a 3rd of the town. Jasper townsite fire suppression has actually been advancing well, and we are expecting that all remaining fires within the townsite will be extinguished today, Parks Canada, the federal government firm that manages the country's national forests, said on X....

Transportation

Rain might assist firefighters battling blaze in Canadian tourist town

Consistent rain is most likely to assistance firefighters working to consist of an enormous wildfire that has devastated parts of the western Canadian tourist town of Jasper, authorities said on Friday. Jasper is in the middle of mountainous Jasper National forest in the province of Alberta. A big fast-moving fire has damaged or destroyed approximately half the town's structures. Parks Canada said between 10 mm and 15 mm of rain had fallen on Thursday. This precipitation will likely keep fire habits low for the next 72 hours, it stated in a declaration. Crews will benefit from this time to make...

Transportation

Canada's Trans Mountain Pipeline weighs financial obligation offer ahead of prospective sale, Bloomberg Report

Oil pipeline operator Trans Mountain plans to obtain in the bond market to refinance a few of its arrearage before the Canadian federal government ultimately sells it, Bloomberg News reported on Monday, pointing out people acquainted with the matter. The company stated it had C$ 25.3 billion ($ 18.4 billion) debt as of March 31, per the report. The pipeline's growth project, which has up until now cost C$ 34. billion ($ 24.72 billion), almost triples its capability to ship. oil from Alberta to Canada's Pacific coast to 890,000 barrels. daily. The pipeline, which was acquired by the Canadian federal...

Natural Gas Pipeline

Kinder Morgan reports Q2 miss out on, stays optimistic on natgas demand

U.S. pipeline and terminal operator Kinder Morgan stated on Wednesday it anticipates information center driven electricity requirement to be a substantial chauffeur of natural gas need, after missing out on Wall Street estimates for secondquarter earnings and revenue. The business, in its post-earnings call, reiterated that AI operations and information centers will enhance need for gas, adding that reliability of the fuel will assist in increased reliance over other eco-friendly sources. We're having industrial conversations on over 5 billion cubic feet per day (bcf/d) of chances associated with power demand, which consists of the 1.6 of data center demand, a....

Natural Gas Pipeline

Kinder Morgan misses out on second-quarter earnings quotes

U.S. pipeline and terminal operator Kinder Morgan on Wednesday missed Wall Street quotes for secondquarter profit, weighed down by greater expenses and weak point in its CO2 sector. Changed core benefit from the transportation of CO2 fell about 6.3% to $164 million, from $175 million in the year-ago quarter. The section incomes were affected by lower crude and natural gas liquids volumes and CO2 sales, the business said. The terminal operator's quarterly income was available in at $3.57. billion, well below experts' estimates of $4.13 billion,. according to LSEG data. Kinder Morgan said it continues to have a bullish outlook....

Europe

Oil Pipeline

Slovakia offers option to restore Russian oil streams through Ukraine

Slovakia stated on Friday it had provided a technical service to Ukraine to restore stopped Russian oil supplies to Slovak and Hungarian refineries, after warnings that a partial stop might result in fuel scarcities as early as September. Eastern European Union members Slovakia and Hungary have been struck by a stop in flows from Russian group Lukoil via Ukraine after Kyiv enforced sanctions on the company, pushing Hungarian and Slovak refineries that are owned by Hungary's oil and gas group MOL. The disagreement has actually demonstrated how some EU countries still depend on Russian energy more than 2 years after...

Transportation

Hungary says Ukraine stopping Lukoil oil transit a risk to long-lasting supply

Ukraine's decision to stop the transit of oil from Russia's Lukoil threatens the longterm security of supply for Slovakia and Hungary, Hungary's. Foreign Minister Peter Szijjarto told a news rundown on Friday. Slovakia and Hungary said on Wednesday they had actually stopped. receiving oil from Lukoil after Ukraine imposed a restriction on the. transit of oil from the company last month. We have had the ability to stabilise the scenario with temporary. solutions, however these will not suffice even for the near. future, Szijjarto said. Ukrainian authorities showed desire to find a service. to the circumstance, but these attempts have...

Oil Pipeline

Sasol wins $344 mln in damages against Transnet over tariff dispute

South Africa's Sasol has won $344 million in damages in a High Court judgment versus stateowned logistics energy Transnet which it implicated of overcharging it for transferring crude oil for numerous years, the petrochemical company said on Thursday. Sasol Oil in 2017 joined TotalEnergies, its joint venture partner in the Natref petroleum refinery, in a suit versus Transnet Pipelines over a tariff dispute. On 18 June 2024, judgement was handed down by the High Court in Sasol Oil and TotalEnergies' favour. Damages in the quantity of 3,889,475,802 rand ($ 216 million) plus interest totaling up to approximately 2.3 billion rand...

North Asia