Oil Pipeline

Premier Danielle Smith said on Thursday that Canada and Alberta were not far apart in terms of the terms of an agreement which would set the conditions for the construction in Alberta, in exchange for environmental commitments. on Wednesday The main oil producing province of Canada will take the lead in early planning for a new pipeline. Smith stated in an interview that "we're approximately 80% in accord on most aspects." The ball is in the court of (Canadian prime minister) Mark Carney now. The federal government didn't immediately respond to our request for comment. Smith stated that her government...

Three market sources said on Thursday that the Colonial Pipeline, which is the largest fuel conduit in America, has an outage across all its main delivery lines. The outage started around 5 a.m. One of the sources on the market said that "computer problems" were to blame for Thursday's outage. Source: The source did not know the exact nature of these issues. Sources requested anonymity in order to discuss confidential data. Colonial Pipeline didn't immediately respond to our request for comment. According to its website, the Colonial Pipeline transports over 2.5 million barrels of fuel per day across its 5,500-mile...

Alberta announced Wednesday that it would submit a fast-track application to the federal government by the spring of 2026 for a new pipeline carrying crude oil, even if a private firm is not involved in the construction. The main oil producing province in Canada said that it would act as the official proponent of the proposal. It will take the lead on early planning, engineering and design work to determine the route, cost and size of a pipe. Alberta's government has said that the proposed pipeline can transport up to 1,000,000 barrels of crude oil per day to British Columbia's...

The Globe and Mail reported Wednesday that the Alberta government was preparing to submit a request for a new pipeline from the British Columbia coast to Enbridge, South Bow and Trans Mountain. Three sources with knowledge of the matter were cited. Report said that the plan was to draft a proposal along with an estimate and submit it to the new Major Projects Office of the federal government. However, a final route had not been determined. The report cited a source familiar with the plans as saying that Enbridge, South Bow, and Trans Mountain would work with the Alberta Machine...

The U.S. Department of the Treasury granted a special license delaying the full sanctions against Serbia's Russian owned oil company NIS, allowing it to continue operations until October 8, NIS announced on Wednesday. NIS is the sole oil refinery operating in the Balkans. The Office of Foreign Assets Control of the U.S. Treasury placed initial sanctions on Russia's petroleum sector on 10 January, and gave Gazprom a 45-day deadline to sell its NIS holdings. The U.S. announced sanctions last week, after several delays. Sanctions are a possibility Launched on October 1, NIS, of which Gazprom owns 44.9%, Gazprom 11.3%, and...

Ares Management announced on Monday that its infrastructure funds had purchased Meade Pipeline, a natural gas pipeline in the U.S. for approximately $1.1 billion. This acquisition adds a major asset to Ares Management's U.S. Energy business at a time when demand for gas and power is surging. The investment company buys it from affiliates XPLR Infrastructure - a leading independent energy producer founded by NextEra Energy. Ares has a greater stake in energy infrastructure, as investors and utilities look for reliable fuel supplies to support intermittent renewables. Steve Porto, partner of Ares Infrastructure Opportunities, said: "Driven largely by industrial activity,...

The Serbian oil company NIS, which is owned by Russia, has asked for a seventh exemption to delay U.S. sanction that could put its crude oil supplies at risk. It also wants its name removed from Washington's list of sanctions. The waiver granted last month expires September 26. NIS, a company owned by Gazprom and Gazprom in majority, operates the only oil refinery of Serbia, located outside the capital Belgrade, at Pancevo. NIS confirmed that the request was made on 18 September. The statement said that the request was also made for the removal of its name from the list...

Dina Boluarte, the president of Peru, announced on Wednesday that she had modified a contract for hydrocarbon exploration and extraction. This would allow U.S. companies Westlawn and Chevron to enter the country. The contract formalizes their entry through a consortium run by Texas-based Anadarko (APCFC. UL, a subsidiary company of Occidental Petroleum Corporation. The agreement allows the companies to work in three offshore blocks, Z-61, Z62, and Z63, off Peru's La Libertad area, located north of Lima. Boluarte, at a government palace ceremony, said that the arrival of Chevron - the third largest oil company in the world - sends...

Plains All American crude oil pipelines connecting the Permian basin to Corpus Christi's export hub, Texas, are experiencing quality problems due to high levels of mercaptans or naturally occurring sulfur compounds. This is according to sources who have been familiar with this matter, and an official notice. Plains, which has pipelines along the Gulf Coast, will begin charging a fee of a half dollar per barrel that does not meet the mercaptan specification. This is according to an notice sent to shippers and two sources. Sources requested anonymity in order to discuss confidential data. Plains didn't immediately respond to our...

Trans Mountain, the Canadian pipeline operator, expects the dredging work at the Vancouver port to be finished by the end of 2026, or in early 2027. This will allow ships load more oil, according to a senior executive on Monday. Jennifer Pierce, Chief Administrative Officer of Trans Mountain, said this at the APPEC Conference in Singapore. When this dredging project is finished at the end or beginning of 2027 (end of '26), an Aframax could move out of the dock with 100% of its cargo. This will boost our shippers' competitiveness. Aframax tanks can transport up to 800 000 barrels....

New Fortress Energy, a U.S. LNG company, posted a larger loss for the second quarter on Friday as lower contributions from asset sales affected its performance. The New York-based firm reported a net profit of $556.8 millions, or $2.02 per common share, for the three months ending June 30. This compares to a $86.9million loss, or 44c per share, one year ago. NFE's revenue total fell from $428.8 million to $301.7 in the second quarter. The company's core adjusted earnings dropped to a loss $3.7 million, from a profit $120.2 million one year ago. New Fortress Energy's earnings were negatively...

On Friday, the discount between West Texas Intermediate and Western Canada Select futures (the North American benchmark) widened. WCS for Hardisty, Alberta delivery in September settled at $12.10 per barrel below the U.S. benchmark WTI according to brokerage CalRock. This compares with $11.95 per barrel on Thursday. * The difference between Canadian heavy crude oil and the U.S. benchmark is trending wider. Analysts say that this is due to a return to more normal market conditions after the discount was extremely tight due to wildfires which temporarily disrupted the oil sands production in Canada. The demand for Canadian heavy crude...

Sources told AFP that Serbia has enough crude oil and fuel to meet its demand for the near future, but the U.S. Sanctions set to take effect on October 1, cast a cloud over the nation's energy security in the long term. The Russian-owned NIS oil company said it had sufficient crude and fuel stock after Serbian president Aleksandar Vucic announced that the U.S. wouldn't extend a waiver of sanctions originally announced in January. NIS has not disclosed inventory levels or the length of time supplies will last. Four sources with knowledge of the situation said that the refinery can...

The General Staff of Kyiv said that Ukraine's military had struck two Russian oil-distribution facilities in the Bryansk region and Samara on Tuesday. Telegram reported that the Samara military had attacked a production line mixing Russian oil with its flagship Urals oil to be exported. It said that it had hit a production line of a pipeline crucial for Russian Army supplies in Bryansk. The extent of damage is still being assessed, it said. In recent weeks, Ukraine has renewed its long-range drone attack campaign on Russian oil production facilities. It targets key sites to reduce Moscow’s export revenues and...

Industry sources say that the differential between Urals crude and Brent crude dated Tuesday remained unchanged, but Russia is on its way to cutting oil production due to drone strikes. Transneft, the monopoly Russian oil pipeline company, has warned that oil producers may be forced to reduce oil production following Ukraine's drone strikes on key export ports and refineries. Oil prices rose by over $1 a barrel Tuesday as traders assessed the risk that Russian oil supplies could be disrupted if Ukrainian drones attack its ports and refineries. They also awaited Federal Reserve's interest rate decision. PLATTS WINDOW On Tuesday,...

Janaf's CEO said that Croatian pipeline operator Janaf can cover the needs of two refineries in Hungary and Slovakia of Hungarian oil company MOL, which currently rely on Russian oil via the Druzhba pipe to meet their requirements. MOL warned of possible fuel shortages last month in Central Europe after Ukrainian attacks on Druzhba, which caused a temporary suspension there. MOL, who signed a February contract with Janaf for the delivery of 2.1 millions tons of oil to the end of 2025 has expressed doubts that the Adriatic Pipeline could provide enough oil even if Druzhba shipments were stopped completely....

Two industry sources said that the Ust-Luga oil terminal in Russia will only be able to export 350,000 barrels of oil per day, which is about half its normal capacity, due to damage caused by Ukrainian drones on pipeline infrastructure. This disruption shows that recent Ukrainian attacks on key energy facilities have caused Russian exports to be affected and could lead to supply disruptions. Drone strikes in Russia's Bryansk Region earlier in August caused problems at the Unecha pumping stations. Unecha is an important transit point for crude oil heading to Ust-Luga. The Druzhba Pipeline, which supplies Belarus to Slovakia...

Three people with knowledge of the situation said that Russia revised its crude oil export plans from western ports in August by 200,000 barrels a day (bpd). This was due to the fact that Ukrainian drone attacks disrupted the refinery operations, allowing more crude to be shipped. Due to the ongoing strikes and changing repair schedules, delays and volume revisions may be expected, they stated. "Attacks continue and repair deadlines vary daily." One person stated that it is unclear how much Russia will be able to load in this month or the next. The final plans for loading Russian oil...

The Druzhba Pipeline is now supplying oil to Slovakia, according to the Slovak Economy Ministry late on Tuesday. This was after a drone strike by Ukraine on a pumping station for oil in Russia's Tambov Region cut off supply. Ukraine has intensified its attacks on Russia's infrastructure for energy, which is a major source of revenue for the Kremlin, as oil and gas sales account for about a quarter (or more) of Russia's state budget. Contrary to most European Union nations, Slovakia and Hungary neighbours have maintained their dependency on Russian energy. They get the majority of their crude oil...

Sources in the trade and industry said that oil exports from Russia's western port are expected to increase this month due to lower crude production at Russian oil plants. However, the OPEC+ production limits may only have a small impact on Moscow’s export plans. The port of Primorsk may increase its daily loadings to an average of 2.0-2.1 million barrels next month, up from the 1.9 million barrels planned for April. Calculations showed that this is an increase of 5-10% per day. On account of low margins, refinery runs could fall by 80,000 to 100,000 barrels per a day. The...

Russia has ordered Kazakhstan’s main oil terminal to shut down two of its three moorings. The terminal handles crude pumped from the U.S. by majors Chevron, Exxon Mobil and others. This comes amid a standoff with OPEC+ and Kazakhstan over excessive production. The operator of the Caspian Pipeline Consortium, which exports about 1% of the global oil supply through the Russian Black Sea Terminal, announced late on Monday that two moorings had been halted after a quick inspection by Russia's transportation watchdog. Trading sources said that if the stoppage lasts more than one week, it could more than half CPC...

The Caspian Pipeline Consortium (CPC), which exports Kazakhstan's oil via the Black Sea, was seen pumping 64.4 million metric lots of oil in 2024 in a most current estimate, further downgrading its exporting prospects, according to an investor. It had initially prepared to export more than 70 million heaps (1.5 million barrels per day) of oil in 2024, up from a. record high of 63.5 million loads in 2023. However, the consortium stated in May it expected its oil. exports to fall 7% except an initial target owing to lower. loadings from Tengiz, a crucial field. The plans might have...

The United States released fresh sanctions on Wednesday on several Russiabased entities over their involvement in the Nord Stream 2 gas pipeline, the State Department said, consisting of brand-new measures versus the operator of the project. The U.S. State Department said in a declaration it was re-imposing sanctions on a variety of entities associated with the building of the pipeline that were already designated, as well as several brand-new owners of vessels already under sanctions. Among those targeted on Wednesday were Russia-based marine services and water transport entities, the state-owned maritime rescue service and over a lots vessels, the State...

The following are the top stories in the Wall Street Journal. Reuters has actually not confirmed these stories and does not vouch for their precision. - U.S. satellite television service provider DirecTV said on Thursday it had ended its contract to acquire Echostar's. satellite tv service, which includes rival Dish TV,. over a stopped working debt-exchange offer. - U.S. President-elect Donald Trump is considering picking Kevin. Warsh as his Treasury secretary with the understanding that he. could later on be chosen to lead the Federal Reserve when Jerome. Powell's term as chair ends in 2026. - U.S. President-elect Donald Trump...