Oil Pipeline

Transportation

Slovakia, Hungary say Ukraine has halted Lukoil's Russian oil transit

Slovakia and Hungary said they have actually stopped getting oil from essential supplier Lukoil after Ukraine enforced a restriction last month on the transit of resources from the Russian energy business through its area. The move highlights the unstable nature of the remaining Russian oil materials to Europe via the Soviet-built Druzhba pipeline, the last significant operating Russian oil supply path to the continent. Both Slovakia and Hungary said they were still receiving oil from other Russian companies regardless of the halt of Lukoil products. Lukoil decreased to comment. Slovakian oil transporter Transpetrol said on Thursday that shipments from Lukoil...

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....

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

Transnet to appeal against $344 mln Sasol award over tariff disagreement

South Africa's logistics utility Transnet said on Thursday it would appeal a court decision to award Sasol and TotalEnergies about 6.2 billion rand ($ 344 million) in damages and interest to settle a. tariff dispute. Sasol said earlier on Thursday that it won the award in a. High ruling versus Transnet, which it implicated of overcharging. it for transporting petroleum for several years. The judgment hence has massive ramifications not only for. the public bag however likewise for Transnet's capability to discharge. its commitments, Transnet stated in a statement. Transnet plans to appeal the judgment, it included. In 2017, Sasol...

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...

Oil Pipeline

Kremlin: Interruptions in Russian oil transit through Ukraine a 'crisis' for purchasers

Kremlin spokesman Dmitry Peskov on Friday called interruptions in Russian oil transit via Ukraine a crisis for the affected oil buyers, but said there was little scope for talks with the Ukrainian transit companies due to the fact that the choice had actually been political. Slovakia and Hungary have actually said they stopped getting oil from a key supplier, Russian business Lukoil, after Ukraine last month prohibited the transit of resources from the Russian energy company by means of its territory. Russia continues to supply gas and oil to Europe by means of Ukraine regardless of the war in Ukraine,...