Oil Pipeline

Trans Mountain announced on Tuesday that it had reached an agreement with oil shippers following 18 months of negotiations. Trans Mountain, owned by the Canadian Government, has said that the deal represents "a substantial majority" of the contracted shipping volume and was submitted to Canada Energy Regulator. Trans Mountain has said that as part of the deal it negotiated, it would seek permission from the regulator for an increase in the percentage of its total capacity contracted, from 80% to 90%. That means the proportion of ?the 890,000-barrels-per-day pipeline that is currently reserved for spot shipments ?will drop to ?10%...

Kyiv’s military and local authorities in Russia confirmed that Ukrainian drones attacked Russia’s largest refinery, Omsk in Siberia this week. It was one of Ukraine’s longest-ranged attacks in the war. Fuel shortages are worsened by the drone attacks in Russia. People have reported higher prices and longer queues at filling stations throughout most regions. Here is a list of recent attacks and their impact. OMSK Ukrainian drones attacked the Omsk refinery 'on Monday causing a fire. There were no injuries. Governor Vitaly Khotsenko said that Russian air defences destroyed the majority of drones used in the attack. The extent of...

These are the 'top stories' from selected Canadian newspapers. The accuracy of these stories has not been verified by us. THE GLOBE AND MAIL **Bank of Montreal has struck a cash deal worth A$142m ($97.87m) to buy Euroz Hartleys Group, a Perth-based financial services firm that focuses on metals and mining. **Canadian Prime minister Mark Carney said he does not expect to sign a new trade agreement with the United States or Mexico during the six-year review scheduled for Wednesday. This is because the U.S. has indicated that it would like to renegotiate the deal. **Canada's prime minister?Carney?said that there...

In recent months, Ukraine intensified its attacks on Russian energy infrastructure. The war is now in its fifth year. Fuel shortages are worsened by drone attacks in Russia. People have reported rising prices and long lines at filling stations in most regions. Here is a list of recent attacks, starting with the newest. NORSI NORSI - Russia's fourth largest oil refinery owned by Lukoil, halted operations on Wednesday after a Ukrainian drone strike, which is likely to worsen fuel shortages across the country, according to two industry sources. NORSI is the second largest producer of gasoline in Russia. It can...

By America Hernandez PARIS, June 23. CEO Patrick Pouyanne told an energy conference held in Paris that TotalEnergies must 'prioritise' the construction of pipelines to?export gas and oil?from the Middle East without having to send ships through the Strait of Hormuz. Pouyanne was asked to share his lessons learned over the past three-months of the Iran crisis, as Total is the major oil company most exposed to the Middle East. The Iran war has crippled the waterway that carries a fifth of the world’s oil to global markets. "The Strait of Hormuz is a real threat. We must act." "There...

Fatih Birol, the head of the International Energy Agency (IEA), welcomed on?Thursday the interim agreement that ended the?Iran War and?called for a reopening without conditions of the?Strait?of Hormuz. Birol said that several countries are reviewing their energy policies, as it is clear that the waterway may be closed again. Iran has already shut down the waterway during the war. Birol, speaking at an Istanbul event, said that the IEA would discuss new strategies with a number of countries, as the energy crisis has redrawn global maps. He added that "trust" was crucial in the global markets for energy, where prices...

Kyiv intensified its attacks on Russian energy installations in recent months, as the peace talks that were supposed to end the Ukraine conflict failed to make any progress. The following is a list of recent attacks and their impact, in chronological order. YAROSLAVL According to Volodymyr Zelenskiy, Ukrainian forces attacked the Russian oil refinery at Yaroslavl on May 25. This was about 700 km (435 mi) away from the Ukrainian border. The refinery can process 15 million metric tonnes per year or about 300,000 barrels a day. SYZRAN On May 21, the Ukrainian military and President Zelenskiy announced that Ukrainian...

According to Mexican sources who have direct knowledge of this matter, and four Mexican government documents, Ikon Midstream is being investigated in Mexico for fuel smuggling. Documents and sources indicate that the probe is part and parcel of ongoing investigations on maritime shipments from the U.S. to Canada of petroleum products in an alleged scheme of evading a large tax due for these imports. Ikon Midstream was allegedly one of the "central pieces," in a alleged scheme that involved one of Mexico's largest crime groups, Jalisco New Generation Cartel, or CJNG. According to a document, Mexico's Attorney General's Office?opened an...

Enbridge announced a first-quarter adjusted profit that exceeded analysts' expectations on Friday. The 'pipeline operator' is able to maintain steady growth in spite of geopolitical tensions, commodity price volatility and rising demand for utility infrastructure, natural gas and power for data centers. The company reported that it added projects valued at about C$2 billion (about $1.47?billion) during the third quarter. These included the Cone wind project in Texas, expansions of the Tres Palacios, Dawn Hub, and Vector Pipeline storage facilities. The secured growth backlog of the company is now about C$40billion and will be funded by its annual investment capacity...

A source familiar with these data reported that Kazakhstan, which is responsible for more than 2% of the world's oil production, increased oil and gas condensate output by 16% from March to April as major fields ramped up their output. Source: Total production increased to 2,17 million barrels per days in April, from 1,87 million bpd in march. Sources said that the increase was primarily due to the increased output at Tengiz - the 'largest oilfield in the country. Production there jumped by 39%, reaching 973,000 barrels per day. The 'energy ministry and operators in the major fields have not...

Kinder 'Morgan exceeded Wall Street expectations for first-quarter profits on Wednesday. This was aided?by the higher volumes of?natural gas transported through its pipelines. U.S. Pipeline companies benefit from the booming oil and natural gas production in the Permian basin, and from rising?natural?gas demands due to record LNG shipments and increasing electricity usage from AI operations and cryptocurrency mining. The company reported that it transported approximately 49,475 billion British thermal units (Btu) of natural gas per day during the quarter. This compares to 45,978 Btu/day a year earlier. Natural gas futures in the U.S. averaged $9.54 for a million British thermal...

Analysts say that Florida residents are paying significantly more for gasoline and diesel than the national average in recent weeks due to the U.S. - Israeli war with Iran, which forces the Sunshine State into competition?with Europe and Asia over fuel produced by 'Texas' and other U.S. States. The high-end, rare premiums show how Iran's blockade of Strait of Hormuz exposed vulnerabilities to oil and fuel supply chain around the world. Florida is not a refinery state, due to its hurricane-prone nature. There are also no pipelines that deliver fuel from U.S. Gulf Coast refining plants. Fuel delivered by the...

Ukrainian military and President Volodymyr Zelenskiy announced on Thursday that drones had struck Rosneft's Syzran oil refining plant in the?Samara area overnight. Zelenskiy, a Telegram user, said: "Another Ukrainian sanction against Russian oil refinery - we will continue this line of action." "This time, it was Syzran oil refining -?more than 800 km away from our borders." Zelenskiy uploaded footage of "a fire and smoke" billowing into the skies. The local governor confirmed that two?people died in a drone strike on Syzran, in the Samara region. He did not mention whether or not any?infrastructure had been damaged. Ukraine's Unmanned Systems...

China has increased its purchases of Russian gas and oil since the beginning of the conflict in Ukraine 2022. Moscow and Beijing declared a partnership with "no limitations" just days before war broke out. Energy relations between Russia and China are expected to be a major topic at the meeting of Vladimir Putin with Xi Jinping in Beijing, on Wednesday. Here are some facts about energy ties between the two countries. Gazprom, the Russian energy giant, supplies natural gas to China through a pipeline of 3,000 km (1,865 miles) called Power of Siberia, under a $400 billion, 30-year deal signed...

In recent months, Ukraine has intensified its attacks on Russian energy installations as the peace talks have not produced any progress. Here is a brief summary of some of the recent attacks that followed Russian strikes against Ukrainian energy facilities and their impact. MOSCOW Sergei Sobyanin, the mayor of Moscow, said on Sunday that twelve people had been injured, mainly near the entrance to Moscow’s oil refinery. Three houses also suffered damage. He said that the "technology" at the refinery had not been damaged. Moscow's refinery is located in the Kapotnya district of the capital, in its southeastern part. It...

Three sources familiar with the plan say that Russia will increase 'ESPO Blend oil' loadings at its Far East Kozmino Port to 4.3 million metric tonne a month in May from 4.1 million metric tonne a month earlier. Calculations showed that ESPO loadings at Kozmino would increase by 1.5% per day in May compared with April. The planned amount is equal to 1,04?million barley per day. Since last summer, oil exports from Kozmino?have been increasing, and now stand at?around 1?million barrels per day, due to the increased capacity of the port and pipeline system, traders reported. Transneft, the operator of...

Ukraine's military announced on Wednesday that it had?struck? a Russian oil terminal, refinery and gas processing plant. Kyiv is renewing attacks on energy infrastructure following a...short-lived truce. Robert Brovdi, commander of Ukraine's General Staff drone forces and the Telegram app, said that the Tamanneftegas Terminal in the Krasnodar Region and the gas plant in Astrakhan had been attacked. Both facilities are located in southern Russia. They added that the strikes had caused fires to occur at reservoirs. General Staff also added that a refinery located in Yaroslavl to the northeast of Moscow was also hit. The statement said that primary?oil...

According to industry sources, Russia managed to maintain crude oil loadings in its western ports at the same level as March despite 'ongoing drone attacks. Drone attacks on ports and pipelines in the Baltic Sea and Black Sea ports in late March or early April slowed down crude oil loadings, but not overall. The estimated exports and transit shipments in April of Urals, Siberian Light, and KEBCO crudes from?the port of Primorsk?, Ust-Luga?, and Novorossiysk?, including carryovers from the initial schedule for March?and top-ups?, is around 2.2 millions barrels per day. The data from the market showed that this figure...

According to calculations and source data, tanker freight rates for the shipment of Urals crude oil from Russia's western ports to India firmed up this week due a?recovering?demand, as port loadings slowly re-invigorate after drone attacks. Sources said that freight costs for Urals cargoes transported from the Baltic port of Primorsk to India by Aframax tankers with 100,000 tons are currently at $18 million, compared to $16 million for a one-way trip in mid-April. Transport costs of Urals shipments from the Black Sea port Novorossiisk in India via Suezmax tankers with a capacity of?about 140,000 tons per voyage have firmed...

Two sources claim that a 'fire' broke out in an oil-pumping facility of Transneft, which delivers crude to Russia’s largest export terminal at the Baltic port of Primorsk after a drone attack on Thursday. One source said that the Gorky pumping station, located in Nizhny Novgorod, also supplies crude oil to processing plants in Moscow Yaroslavl, and Kirishi. Transneft didn't respond to a comment request. Ukraine increased its attacks on the Russian energy infrastructure, which is responsible for about one-quarter of the Russian budget revenue. Ukraine's SBU said that Ukrainian drones are responsible for the attack on Thursday. Gleb Nikitin,...

Germany's economy ministry said on Wednesday that it has been informed by the country's oil company that no crude oil from Kazakhstan will be able to reach the PCK Schwedt Refinery in the northeastern part of the country after May. It added that the production and sale of petroleum products would not be affected. On Tuesday, three industry sources told us that Russia will stop oil exports from Kazakhstan via the Druzhba Pipeline starting May 1. This would affect PCK directly as it is one of Germany's largest refineries and also supplies Berlin. The Ministry, which controls Schwedt through a?trusteeship,...

Bloomberg News reported that a major Russian Baltic port, 'Ust-Luga, resumed crude loading after days of disruptions due to multiple Ukrainian drone strikes in the area. Bloomberg's shipping data revealed that The Jewel, Aframax class vessel, started a cargo load on Saturday. In late March, Ukrainian drones attacked Russia's Baltic Sea Port of Ust-Luga for the fifth time in 10 days. Industry sources said that the drones hit crude oil loading stations operated by Russian pipeline monopoly Transneft. The report could not be verified immediately. Transneft didn't immediately respond to a comment request. Last month, calculations based on data from...

Interfax reported that Kazakhstan's state-owned energy company, Kazmunaygaz, has delivered a "new single point mooring" (SPM) for the consortium terminal of the Caspian Pipeline in the Black Sea. For offshore tanker loading, three SPMs are used. These floating buoys are located approximately 5 km (3 miles) from the Yuzhnaya Ozereevka CPC Terminal near the Russian port of Novorossiysk. Two are usually active with one acting as a backup. SPM-2 is still offline after sustaining?significant damage in an attack that occurred late November. CPC will replace mooring. CPC is responsible for about 80% Kazakhstan's oil imports. Its 'operations' have been interrupted...

Two 'industry' sources said that Russian oil producers warned buyers on Friday they could declare force majeure over supplies from major Baltic Sea ports, as Ukraine continues to attack Russian energy infrastructure. The Ukrainian president Volodymyr Zelenskiy said this week that Kyiv uses long-range attacks to maintain pressure on Russia, after international sanctions against Moscow were eased because of global supply disruptions caused by the Iran War. Sources said that Ukrainian drones targeted the port of Ust-Luga on Friday, where an ongoing fire from a strike made Wednesday still burned. The raids have halted oil loadings in the port since...