All articles tagged with #pipeline
Oil resumes flowing through Sable Offshore's Santa Ynez pipeline in California after a Trump-ordered restart under the Defense Production Act, despite sharp objections from California officials and a history of a 2015 spill that closed the system.
President Zelenskyy invited Slovak Prime Minister Robert Fico to Kyiv to discuss all issues after a week of tensions over the Druzhba pipeline, which has been out of operation for about a month. Hungary and Slovakia want access to inspect the pipeline; Fico argues EU exemptions cover the deliveries and Slovakia has halted some energy shipments to Ukraine in retaliation. The leaders also agreed to form a joint investigative team to assess the pipeline’s condition following a phone call.
The European Commission urged Ukraine to accelerate repairs to the Druzhba pipeline after Russian attacks and Hungary’s double veto blocked a €90 billion loan and new sanctions, while Croatia’s Adria (JANAF) pipeline is identified as a viable alternative to keep oil flowing to Hungary and Slovakia. Croatia is examining whether it can legally receive non-Russian crude at its port; EU officials say there is no immediate risk to supply and Adria could meet the two countries’ annual needs, though no fixed timeline for Druzhba repairs exists amid ongoing political wrangling.
Iraq has resumed Kurdish oil exports to Turkiye after a 2.5-year halt, following an agreement between Baghdad, the Kurdistan regional government, and international oil companies, allowing about 180,000 to 190,000 barrels per day to be exported through the Ceyhan port, aiming to boost Iraq's oil revenues and stabilize regional relations.
Ukrainian forces disabled and flooded a Russian-used underground pipeline near Kupiansk, disrupting Russian supply routes and forcing them to switch to more vulnerable river crossings, with ongoing efforts to monitor and counteract any attempts to repair it.
Gazprom's shares dropped over 3% after signing a non-binding memorandum with China to develop the long-delayed Power of Siberia 2 pipeline, raising concerns about project costs, funding, and its impact on Gazprom's finances amid ongoing geopolitical and economic challenges.
U.S. President Donald Trump expressed anger over Ukrainian drone strikes on Russia's Druzhba oil pipeline, which disrupted Russian oil exports to Hungary and Slovakia. The strikes, confirmed by Ukraine's forces, targeted a critical hub, causing significant revenue loss for Russia and raising tensions among European nations. Hungary and Slovakia condemned the attack and appealed for international action, while Trump responded personally to Hungary's Prime Minister Orban, highlighting the geopolitical tensions surrounding Ukraine's military actions and energy security.
The article suggests that the company's sole oil and natural gas stock could see significant gains if a key pipeline project is revived, highlighting potential positive impacts on the stock's performance.
As the Pipeline Pro approaches, top surfers gathered for a super session at Pipeline, with ideal conditions and impressive talent in the water. The event served as a warm-up for the upcoming Championship Tour, and surfers like Seth Moniz showcased their skills. The Lexus Pipe Pro is set to take place from January 29 to February 10, with expectations of excellent conditions for the event.
Mason Ho and his sister Coco, along with other surfers, took advantage of special sandbars on the North Shore of Oahu for a fun day at Pipeline, as shown in a recent YouTube video. The video also featured a quiver breakdown, with one of the boards ridden appearing to be a prototype for a new ...Lost board labeled as a "5'4" Secret Model," hinting at a potential new release from the brand.
The bodies of nine men were found in vehicles near a fuel pipeline in central Mexico, with indications that fuel theft may have been involved. Despite efforts by President Andrés Manuel López Obrador to combat fuel theft, thousands of illegal taps are still found annually, leading to significant losses for the state-owned oil company, Petroleos Mexicanos. The battle over fuel has also impacted the U.S., with cartel gunmen reportedly forcing gas tanker trucks to dump their loads near the border. The illegal taps have caused violence between gangs and pose a risk to residents, with a previous explosion at an illegally tapped pipeline in 2019 killing at least 134 people.
Sanofi CEO Paul Hudson and company executives held an R&D day in Manhattan to address doubts about the company's ability to focus and execute, particularly in building a pipeline. Hudson touted 12 potential blockbusters and announced an increase in R&D spending, aiming to persuade skeptical investors.
AbbVie has announced its acquisition of Cerevel Therapeutics in a deal valued at approximately $8.7 billion. The acquisition will strengthen AbbVie's neuroscience pipeline with Cerevel's robust portfolio of clinical-stage and preclinical candidates targeting psychiatric and neurological disorders. The transaction includes Cerevel's late-stage asset emraclidine, a potential best-in-class antipsychotic for schizophrenia, as well as other assets for Parkinson's disease, mood disorders, and epilepsy. The deal is expected to close in mid-2024, subject to regulatory approvals and shareholder approval.
AbbVie has announced its acquisition of Cerevel Therapeutics, a move that will strengthen AbbVie's neuroscience pipeline with a range of clinical-stage and preclinical candidates for psychiatric and neurological disorders. The transaction, valued at approximately $8.7 billion, will add assets with best-in-class potential, including emraclidine, a potential game-changer in the treatment of schizophrenia. The acquisition is expected to close in mid-2024, subject to regulatory approvals and shareholder approval.
CRISPR Therapeutics is making changes to its allogeneic CAR-T cell therapy pipeline by cutting two programs, CTX110 and CTX130, and prioritizing next-generation candidates with potential for improved clinical profiles. The company is also expanding into a new indication, autoimmune disease, while awaiting an FDA decision on its CRISPR-edited therapy exa-cel. Patients treated with CTX110 and CTX130 will be transitioned to long-term follow-up programs.