Transportation

Mark Maki said that Canada should not sell the newly extended Trans Mountain oil pipe at a Canadian conference on Wednesday. The Canadian government has stated that it is not interested in owning the pipeline for the long term. It spent C$34 Billion ($24.9 Billion) to complete an expansion which was opened last spring. Maki stated on Wednesday that he believed the government could recover its investment. However, it would receive a higher price for the asset by waiting until Trans Mountain had more time to prove its worth and certain uncertainties relating to capacity and usage have been resolved....

Alberta Premier Danielle Smith announced on Wednesday that the province was working to provide Canadian Prime Minister Mark Carney a proposal and a route for a new crude oil pipeline from Alberta to Prince Rupert, British Columbia. Smith told reporters at an energy conference in Calgary that her government is in talks with Canada's major pipeline companies in the hope that a private sector proponent will take the lead on Alberta's vision of a new, 1-million-barrel-per-day crude oil conduit to B.C. Northwest coast. Alberta wants to assess the interest of private companies in forming a consortium for building the pipeline....

The European Commission's proposal to lower the price of Russian oil to punish Moscow for the war in Ukraine would not help stabilize the global energy market, Kremlin spokesperson Dmitry Peskov stated on Wednesday. The European Commission proposed on Tuesday to lower the price cap of the Group of Seven Nations on Russian crude oil from $60 to $45 per barrel, in an attempt to reduce the country's revenue. Peskov, when asked about the EU proposal he called Western sanctions such as these illegal. Peskov said that such actions "do not contribute to stabilising international energy markets or the oil...

In a Tuesday bulletin, the Panama Canal Authority reported that the number of ships passing through the canal fell from 34 to 31.4 on average per day. This was due to planned maintenance being performed at one of the locks. Despite an increase in traffic on the world's second-busiest interoceanic route since it lifted restrictions due to severe drought last year, it has not yet allocated all 36 slots available per day. The canal temporarily closed the west lane between May 27 and 31. Panama Canal Authority reported that the east lane was still operational. According to data from the...

Justin Driscoll, CEO of the New York Power Authority (NYPA), said at a Monday conference that companies are looking to build 2 gigawatts worth of data centers close to hydropower plants operated by NYPA. The technology industry is spending tens and tens billions dollars just this year to build and run their energy-intensive AI Data Centers, which will propel U.S. electricity use to new records this year and by 2026. New York's grid operator predicts that by 2035, there will be 2.5 gigawatts worth of data centers and other large energy consumers. Driscoll, speaking at a New York Energy Week...

The British Columbia Environmental Assessment Office determined on Thursday that the work on the Prince Rupert Gas Transmission Natural Gas Pipeline Project has already been substantially begun, according to the provincial government. B.C. said that the decision meant a certificate of environmental assessment for 2014 will remain valid indefinitely unless it is suspended or revoked under the Environmental Assessment Act. In a press statement, the government confirmed this. The PRGT project, which spans 900 km from Hudson's Hope to Lelu Island near Prince Rupert on Canada's Pacific Coast. The 900-kilometre PRGT project will run from Hudson's Hope in northeastern B.C....

The Transportation Security Administration is discontinuing the "Quiet Skies", aviation security watchlist program, which designated certain passengers as higher-risks for enhanced screening. Homeland Security Secretary Kristi Nuem stated that the program cost $200 million per year and was "used to target political enemies and benefit political allies." She said that the TSA will continue to perform vetting tasks related to commercial aviation security. The TSA screens over 900 million passengers annually. Republicans are concerned that Tulsi Gabrield, a former legislator, was briefly listed on the Quiet Skies List by the TSA. Trump appointed Gabbard as the director of National Intelligence....

A coalition of more than 250 businesses and labor organizations urged U.S. Republican Senators on Thursday to protect a credit in the tax and spending bill for President Donald Trump that would benefit the hydrogen fuel industry. The American Petroleum Institute and DuPont, an oil and gas lobbying organization, as well as a local chapter of the International Brotherhood of Electrical Workers and the Senate Majority Leader John Thune, asked them to extend the deadline for construction to December 31, 2020, so that hydrogen projects could receive a tax credit. The Senate is currently debating the Senate's version of the...

A proposal from the Senate Environment Committee, submitted on Wednesday, would cut all funds not spent for climate and clean-energy programs that were allocated under the former U.S. president Joe Biden's Inflation Reduction Act. The panel has released a draft budget reconciliation that would cancel all unspent funds, and create a charge that energy project developers like oil wells and pipelines could pay to expedite environmental reviews. The budget reconciliation text of the Environment and Public Works Committee would repeal all sections from the 2022 IRA that Biden signed. The 2022 IRA provided billions in grants, loans, and incentives to...

The Trump Administration said on Wednesday that there was no viable way forward for California's High-Speed Rail Project and warned it could revoke $4 billion of government funding in the next few weeks. Transportation Department of the United States released a report by Federal Railroad Administration. The report cited missed timelines, budget shortages, and doubtful ridership projections. California's failure to identify $7 billion additional funding required for a first segment between Merced, California and Bakersfield was cited as a key issue. USDOT gave California California until the middle of July to respond, and then the administration can terminate the grants....

U.S. Pipeline Operator ONEOK announced on Tuesday that it has purchased the remaining stake in Delaware Basin Joint Venture from NGP XI Midstream Holdings for $940 million in cash and stock. By acquiring the remaining interest of 49.9%, ONEOK gained the sole ownership of this basin. It operates natural gas gathering, processing, and storage facilities in West Texas, and New Mexico’s Delaware Basin. The total processing capacity is over 700 million cubic feet a day. In the last two years, the operator of the pipeline has diversified its portfolio through acquisitions. These include a Gulf Coast NGL system from Easton...

The group of major U.S.-based and international aeropsace companies warned on Tuesday that new tariffs on commercial aircraft, jet engine and part imports could have unintended or dangerous consequences for air safety. The Commerce Department opened a Section 232 investigation last month that could lead to even higher tariffs for imported planes and engines, as well as parts. Aerospace Industries Association (AIA), which represents Boeing and Airbus as well as RTX and GE Aerospace, urged Commerce Department to extend the public comment period by 90 days, and not impose any new tariffs until at least 180. They called for further...

Four traders who are active in the market stated on Friday that spot supply has tightened and reduced discounts for Russian Urals crude oil to be delivered to Indian ports by July. This is the lowest discount since 2022. Indian refiners are being pushed by tight supplies and narrowing discounts to look for alternative products through purchasing tenders. Sources said that spot discounts for Urals crude for cargoes arriving to India in July decreased to an average of $2.25 per barrel, compared to $2.70 to $3.10 a barrel for dated Brent delivered ex-ship basis the previous month. This is the...

Iraq's Oil Ministry said Thursday that it holds the Kurdish Regional Government (KRG), legally responsible for continuing to smuggle oil out of the Kurdish Region. It added that the ministry reserves the rights to take any legal action in this matter. The control of oil and gas is a long-standing source of tensions between Baghdad, Erbil and other Iraqi cities. Iraq is being pressured by the Organization of Petroleum Exporting Countries (OPEC) to reduce its output in order to compensate for producing more than the agreed-upon volume. OPEC counts the oil flowing from Kurdistan towards Iraq's quota. In a ruling...

According to LSEG and shipping data cited from an industry source, Russia has increased its supplies of oil to Syria. Syria needs it for its refineries. Russia has considered Syria a major gateway for its military and commercial operations in the Middle East. The Kremlin announced in January that Moscow was in negotiations with Syria's newly islamist-led government to maintain its bases in the west. According to LSEG and a source, a tanker that was hit by U.S. sanction, Mitzel, has loaded 140,000 metric tonnes of Russian oil at the Arctic port Murmansk. It is now heading to Baniyas, which...

On Thursday, the Syrian government will sign an agreement with four companies to expand its electric grid by 5,000 Megawatts. This could double supply in a nation that has experienced severe power shortages for more than a decade. In most areas of Syria, electricity is only available for two to three hours per day. The government of President Ahmed al-Sharaa pledged that power would be increased in the country as soon as possible. According to an invitation sent out by Qatar's UCC Holding whose UCC Concession Investments unit will be the lead developer for the project, the deal launching Syria...

Three sources with direct knowledge of this matter and a document show that the Iraqi oil ministry sued the government of Iraq's semi-autonomous Kurdistan Region over oil and natural gas contracts signed with U.S. companies. The legal challenge is a new obstacle to the restart of oil flows through the Iraqi-Turkish pipeline, which have been stopped since March 2023 despite the pressure from the Trump administration. Masrour barzani, prime minister of Kurdistan Regional Government (KRG), oversaw the signing two energy contracts worth a total of $110 billion in their lifetimes, with U.S. firms HKN Energy, and WesternZagros. Has contacted companies...

Chris Wright, the U.S. Energy secretary, said that there is plenty of opportunity for U.S. collaboration on oil and natural gas development in Iraqi Kurdistan. This was despite Iraqi federal government's dispute over deals signed by U.S. firms with this region earlier this week. The Iraqi Kurdish Premier Masrour barzani signed two agreements with U.S. firms HKN Energy & WesternZagros in Washington this week. These deals are worth a total of $110 billion. Wright said at a Washington conference: "I see a great opportunity for American collaboration there, as evidenced by these two deals. We would love to see this...

Qatar Airways, a state-owned company, announced on Monday that it had posted a record annual net profit for 2024, ending March 31. This was up by 28% compared to the previous year. The company also expects a strong demand in the future. The demand from the Gulf has defied global slowdown. Regional airlines report steady bookings, even though trade tensions, currency fluctuations and recession fears are weighing on key Western markets. Badr Mohammed Al-Meer, CEO of the company, said that the company has established strategic partnerships with other companies in the industry, enabling it to remain "agile" despite the ever-changing...

Osama Rabi, the chief of Egypt's Suez Canal Authority, has said that the authority will consider offering transit fee discounts between 12% and 15% to help restore the traffic on the strategically important waterway, which is reeling after the Houthis' attacks on Red Sea shipping. Rabie, in a telephone interview with the privately-owned Sada al-Balad TV channel, said that discounts would be available within a few days of ratification from Egyptian President Abdel-Fattah al-Sisi. He said this after the revenue from the Canal continued to plummet due to attacks by Yemeni Houthis on shipping, who claim they are trying shut...

Calculations showed that the Russian energy giant Gazprom’s pipeline gas exports into Europe fell by 44% between January and April compared to a period a year ago after the closure of transit via Ukraine in January 1. Calculations showed that the Russian pipeline gas exports into the region fell to 5.7 billion cubic meters (bcm), from 10.2 bcm during the same period of 2024. The only remaining transit route for Russian gas pipelines to Europe is the Turkey after Ukraine decided not to renew a five-year deal with Moscow that expired in January. The calculations based on the data of...

Morocco, in an effort to diversify the energy sector that is heavily dependent on coal, made the first steps toward the location of a terminal for liquefied gas near the Mediterranean City of Nador. The Moroccan energy industry has expressed interest in the LNG terminal. Morocco is also pushing forward with a plan to increase renewable energy from 45% of installed capacity now to 52% by 2030. In a press release, the ministry announced that the terminal would be connected to an existing pipeline linking Morocco with Spain, as well as to industrial zones in Mohammedia, and Kenitra in the...

Leila Benjamin, the Energy Minister, said that Morocco will issue a statement of interest within a few weeks for a terminal of liquefied gas near Nador in eastern Mediterranean. Benali informed members of the parliament that "this week we will launch a call for expressions of interest in developing the first phase" of the Nador natural gas terminal. Morocco is looking to natural gas as a way to diversify its energy sources and move away from coal. It also continues to push forward with its renewable energy plans, aiming to achieve 52% of the total installed capacity by 2030 from...

Chris Wright, the U.S. Energy secretary, said that President Donald Trump could increase pressure on Iran by stopping its oil exports. This would be part of his plan to put pressure on Tehran regarding its nuclear program. Trump's return to the White House in January, after his first term, when he rescinded the United States' 2015 power agreement with Tehran and imposed restrictions on its oil sales, has once again brought a more aggressive approach towards the Middle Eastern country over its nuclear activities. Wright said during a trip to Abu Dhabi that he believed Gulf allies were very concerned...