All articles tagged with #oil pipeline
Facing a wartime blockade in the Strait of Hormuz, Syria aims to become a regional energy hub by backing a $5.7 billion pipeline that would move Iraqi oil to the Mediterranean and bypass Hormuz, a plan backed by the U.S. that could diversify global oil routes but faces security risks and regional instability.
Canada says it has secured a deal with British Columbia to build a major oil pipeline from Alberta to the West Coast, aiming to export over 1 million barrels per day to Asian markets and reduce dependence on the United States amid a US–Canada trade war. The plan involves the Trans Mountain Corporation and Pembina Pipeline, with Alberta pushing production growth while BC faces environmental and Indigenous concerns and maintains its northern coast tanker ban. The arrangement follows the Trans Mountain expansion that already shifted a large share of Pacific Coast crude to Asia, part of a broader effort to diversify energy markets beyond the US.
Canada unveiled plans for a more-than-1,000-km oil pipeline from Alberta to British Columbia to export up to 1 million barrels per day to Asia, part of a broader strategy to reduce dependence on the US. The project would be built by Trans Mountain Corp with Pembina Pipeline, aiming to attract over C$200 billion in direct investments and expand LNG terminals and Vancouver’s port capacity. Led by Prime Minister Mark Carney, the plan signals a shift toward Asian energy markets, though it faces environmental and Indigenous concerns.
Energy Secretary Chris Wright used the Defense Production Act to approve restarting an offshore California oil pipeline operated by Sable Offshore, framing the move as reducing U.S. reliance on foreign oil and bolstering national security amid Iran-related supply disruptions. California Gov. Gavin Newsom and state regulators have criticized the action as illegal and prepared for legal challenges, highlighting a broad clash between federal authority and California’s coastal drilling oversight.
Hungary has banned Robert Brovdi, a Hungarian-descended Ukrainian military commander responsible for drone attacks on the Druzhba oil pipeline, citing threats to energy security amid ongoing Ukraine-Russia conflict. The move has sparked diplomatic tensions, with Ukraine condemning Hungary's decision and highlighting the broader geopolitical implications of energy and security interests in the region.
Hungary and Slovakia have called on the EU to intervene after Ukraine's recent attacks on the Druzhba oil pipeline in Russia, which have disrupted Russian oil supplies to these countries. The attack, which Ukraine has not officially acknowledged, has led to concerns over energy security, but the European Commission states that the EU's oil reserves are sufficient to mitigate any immediate impact.
Canadian Prime Minister Mark Carney indicated that a new oil pipeline to the British Columbia coast is highly likely to be designated as a project of national importance, emphasizing the economic benefits and the role of the private sector, alongside support for a C$16.5 billion carbon capture system for Alberta's oil sands, amid recent legislation to expedite resource project approvals.
Shareholders of Magellan Midstream have voted to approve the company's $18.8 billion sale to Oneok, an oil pipeline operator. The deal, which combines Oneok's natural gas and NGL shipping capabilities with Magellan Midstream, is expected to close before the market opens on Monday. The approval comes after major proxy advisers recommended shareholders vote in favor of the deal. However, Energy Income Partners, one of Magellan Midstream's largest holders, has opposed the deal, arguing that the premium offered does not justify the tax burden on unitholders.
Poland's oil pipeline operator, PERN, has begun repairs on a pipeline carrying oil from Russia to Germany after detecting a leak near Chodecz. The pipeline is expected to resume normal operations on Tuesday. The Druzhba pipeline stretch transports oil to refineries in Poland, Germany, Hungary, Slovakia, and the Czech Republic. An investigation into the cause of the leak is underway.
The Mandan, Hidatsa and Arikara Nation in North Dakota has purchased an idle 31-mile pipeline from Enbridge to transport oil from its reservation to the broader market. The pipeline will connect the tribe's oil facilities to Enbridge's pipeline network and is expected to be operational within a year. The tribe owns over 2,600 active oil and gas wells on its reservation and expects to benefit financially from owning the pipeline.
Ukrainian drones attacked oil pipeline installations deep inside Russia, including a station serving the Druzhba oil pipeline that sends Western Siberian crude to Europe. The attacks come amid growing intensity of Ukrainian drone attacks inside Russia. Russia's defense ministry said it had destroyed 12 Ukrainian drones in the past 24 hours and intercepted two long-range Storm Shadow cruise missiles that were supplied to Ukraine by Britain.
Two drones attacked an administration building of an oil pipeline in Russia's Pskov region, causing damage but no casualties. The incident is part of a series of escalating attacks in Russia amid the Ukraine offensive. The Russian government has blamed Ukraine and its Western supporters for the attacks, but Ukraine has denied involvement. An investigation is ongoing.
Ukraine reportedly launched drone attacks on oil pipeline installations deep inside Russia, including a station serving the Druzhba oil pipeline that sends Western Siberian crude to Europe. The attacks come amid growing intensity of Ukrainian drone attacks inside Russia, with the US intelligence believing Ukraine was behind a drone attack on the Kremlin earlier this month. The Druzhba pipeline has been severely under-utilised after Europe sought to reduce its dependency on Russian energy after President Vladimir Putin sent troops into Ukraine last year.
An explosion in Russia's Pskov region near the border with Belarus left an oil pipeline's administrative building damaged, according to local Governor Mikhail Vedernikov. No casualties were reported and operational services were working at the scene.
Chad has nationalized all assets and rights, including Exxon Mobil's 40% stake in the Doba oil project and a stake in the Chad-Cameroon oil pipeline, after a long dispute between the two parties. Exxon Mobil's shares are expected to decline further when earnings are announced on April 28.