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Pipeline

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Novo Taps Kallyope for Three Novel Obesity Programs
business21 days ago

Novo Taps Kallyope for Three Novel Obesity Programs

Novo Nordisk is expanding its obesity portfolio by acquiring three external programs from Kallyope: a lead peptide (K-554) that’s IND-ready, plus a follow-on small molecule for a novel target and a small-molecule receptor agonist. The deal adds non-incretin approaches to Novo’s obesity pipeline, with financial terms undisclosed. This follows Novo’s renewed push to diversify its pipeline alongside a separate $1.4 billion biobucks pact with Orbis Medicines, and amid recent setbacks in other programs such as ziltivekimab.

via Fierce Biotech|
#business#drug-development#kallyope
Aramco halts European crude flows after Red Sea pipeline attack
energy21 days ago

Aramco halts European crude flows after Red Sea pipeline attack

Saudi Aramco has told at least two European refiners that no crude will be delivered next month following an attack on the East-West pipeline to the Red Sea, halting October deliveries under term contracts. The 1,200-km line previously carried about 4–5 million barrels per day, roughly 4–5% of global supply, and restart timelines suggest a partial revival within days and full restoration in about six weeks; OECD Europe imported around 577,000 bpd from Saudi as of June.

via Yahoo Finance|
#energy#europe#oil-supply
Satellite images reveal Saudi pipeline damage fuelling global oil-supply fears
business26 days ago

Satellite images reveal Saudi pipeline damage fuelling global oil-supply fears

Satellite images show a pumping station on Saudi Arabia's east–west pipeline severely damaged by drone attacks, risking about 4% of global oil supply if the line remains offline for days to weeks. Without the pipeline, Yanbu exports could be sustained for only about 5–7 days, with limited stocks nearby; repair timelines range from days to six weeks. Brent crude rose toward $108 a barrel amid heightened tensions in the region and ongoing supply disruptions.

via The Guardian|
#business#drone-attacks#middle-east-conflict
Iraq says Saudi pipeline attack originated on its soil as regional tensions rise
world28 days ago

Iraq says Saudi pipeline attack originated on its soil as regional tensions rise

Iraq claims the drone attack on the Saudi East-West pipeline came from its territory and says Prime Minister Ali al-Zaidi ordered an investigation that led to the dismissal of a Maysan province commander; Saudi officials say the drones originated in Iraq and will not retaliate to give Baghdad time to act. The move highlights broader regional strains, with regional officials noting alleged coordination between Houthis and Iraqi militias on Saudi oil facilities, and the pipeline’s critical role for Saudi exports.

via AP News|
#drones#iraq#middle-east
Saudi pipeline closure heightens oil-supply risk as Yemen-Houthis escalate
world28 days ago

Saudi pipeline closure heightens oil-supply risk as Yemen-Houthis escalate

Saudi Arabia shut its 745-mile East-West pipeline after drone strikes traced to Iraq, cutting about 4-5% of global oil supply and raising market risk as Houthi forces advance along Bab el Mandeb and threaten Red Sea shipping. The flare-up follows Iraqi border closures and regional warnings while the U.S. backs Saudi targets in Yemen; oil prices topped $100 per barrel as the conflict compounds supply fears and the UN reports rising displacement in Yemen.

via NBC News|
#houthis#middle-east#oil
Iraq and Syria plan to revive pipeline as Hormuz bypass
energy2 months ago

Iraq and Syria plan to revive pipeline as Hormuz bypass

Iraq and Syria signed a Washington pact to rebuild the 700,000-barrel-per-day Kirkuk–Syria oil pipeline, offering an alternative route to the Strait of Hormuz and reducing Baghdad’s reliance on Basra; the line has been shut since 2003. Gulf states are expanding pipeline capacity to hedge Hormuz risks, but analysts warn that pipelines alone cannot eliminate the broader threat Iran poses to energy infrastructure.

via CNBC|
#energy#hormuz#iraq
Canada shifts to a southern Trans Mountain route with $150B investment and Indigenous partners
energy3 months ago

Canada shifts to a southern Trans Mountain route with $150B investment and Indigenous partners

Canada and Alberta unveiled more than C$150 billion in investments to push a major new oil pipeline that would follow the Trans Mountain corridor and end at a southern terminal, capable of moving about 1 million barrels per day. The plan emphasizes Indigenous ownership, substantial methane reductions, and immediate consultations with Indigenous communities, provinces, and territories, while keeping the northern tanker ban in place. British Columbia backs safeguards and compensation for environmental risks, but First Nations warn of potential spill dangers, climate groups critique further fossil fuel expansion, and critics say taxpayers may bear most of the project costs and face possible overruns.

via The Guardian|
#alberta#canada#energy
business3 months ago

Canada backs West Coast oil link to Asia to unite provinces and expand exports

Prime Minister Mark Carney announced a public-private West Coast pipeline to ship up to one million barrels per day of Alberta oil to Asian markets, a policy shift aimed at boosting exports, addressing western separatism, and strengthening national unity. The project involves the Alberta government, Trans Mountain Corporation, and Pembina Pipeline, with funding details to be negotiated, and comes alongside a separate Canada–British Columbia deal to support LNG and mining projects.

via Politico|
#alberta#business#carney
canada-politics4 months ago

Canada’s unity test: Alberta pipeline pact signals a new energy path

Ottawa and Alberta signed a pact to fast-track a pipeline carrying more than 1 million barrels of oil per day to Pacific markets, a move the prime minister casts as proof of a “Canada that works” amid western alienation and a shift toward diversifying exports beyond the United States. The plan hinges on federal approval by October after Indigenous consultations and BC talks, a new emissions framework for Alberta’s oil-and-gas sector, and a carbon-capture hub; construction could begin in 2027 with first oil to a BC port by 2033–34, likely followed by private-sector ownership.

via Politico|
#alberta#canada#canada-politics
Supreme Court Keeps Line 5 Battle in Michigan’s State Court
politics5 months ago

Supreme Court Keeps Line 5 Battle in Michigan’s State Court

In a unanimous ruling, the Supreme Court said Michigan’s bid to shut down a 4.5-mile stretch of the Line 5 pipeline under the Straits of Mackinac will proceed in state court, finding Enbridge waited too long to move the case to federal court. The decision keeps alive Michigan’s legal challenge to void the easement and adds to a broader, long-running dispute over the aging conduit that critics say risks a catastrophic spill.

via PBS|
#enbridge#line-5#michigan