Tag

Pipelines

All articles tagged with #pipelines

business1 hour ago•17 min saved

US oil majors chart new Iraqi export routes to bypass Hormuz

U.S. oil companies signed roughly $60 billion in deals with Iraq to develop alternative oil-export routes, including a Basra–Haditha–Ceyhan/Syria corridor and other pipeline projects, in a bid to reduce reliance on the Strait of Hormuz. Chevron led several agreements to boost production and invest in pipelines. Goldman Sachs estimates regional pipelines could eventually move up to about 14 million barrels per day by 2028, potentially serving a large share of Hormuz traffic, though timelines are measured in years; oil markets have risen on tensions with Iran, with WTI around $88 a barrel after earlier spikes.

via Yahoo Finance|

#business #chevron #iraq

business1 day ago•3 min saved

Oil pipelines multiply routes, but Hormuz threat endures

Seven planned pipelines aim to bypass the Strait of Hormuz, potentially boosting Gulf export capacity to around 14 million barrels per day by 2028 (over 60% of pre-war Gulf output). But experts say these routes won't remove risk, since Iran can attack facilities along pipelines and Red Sea transit remains vulnerable to Houthi threats; the U.S. backs Iraq's Kirkuk–Syria–Mediterranean project, while UAE and Saudi expansions via Fujairah and the Red Sea diversify exits.

via CNBC|

#business #hormuz #iran

energy1 day ago•6 min saved

Chevron, Iraq map Syria route to bypass Hormuz

Chevron and Iraq are in advanced talks to form a consortium with TI Capital and the Al-Khayyat brothers to build a pipeline network from southern Iraq through Syria to the Mediterranean, potentially routing Iraqi oil via Kirkuk to Baniyas to bypass the Strait of Hormuz amid disruptions; the plan also involves Basra Oil Company and U.S. connections, with feasibility and security still to be studied.

via Financial Times|

#energy #iraq #oil-and-gas

world-news3 days ago•30 min saved

Gulf oil producers race to bypass Hormuz with pipelines and a new port

With Iran–linked attacks disrupting traffic through the Strait of Hormuz, Gulf oil producers are rushing to build pipelines and a new port to bypass the chokepoint. The UAE’s 252-mile West-East Pipeline and Iraq’s Basra–Haditha line could move substantial Gulf crude overland, and Goldman Sachs projects bypass capacity of up to 7.3 million barrels per day by 2028, potentially diverting about 45% of pre‑war Persian Gulf exports by 2027. Saudi Arabia is weighing a Red Sea pipeline expansion, while Dubai eyeing a new Arabian Sea port to further reduce Hormuz dependence; nonetheless, Hormuz will remain a major conduit for 7–9 million barrels per day amid regional instability such as Houthi threats near Bab el‑Mandeb.

via New York Post|

#iran #oil #pipelines

business3 days ago•3 min saved

Oil finds a way: New routes emerge to bypass the Hormuz chokepoint

Oil markets are accelerating plans to reduce dependence on the Strait of Hormuz, with several pipeline and export projects under development (e.g., UAE West-East, Iraq Basra–Haditha) and a Dubai port initiative. Goldman Sachs estimates capacity could shield more than 45% of pre-war Persian Gulf exports by next year and over 60% by 2028, but 7–9 million barrels per day would still be exposed. While talk of US blockades adds urgency, the industry is already adapting, and a renewed Hormuz disruption would likely reshape but not halt global oil trade, with Qatar LNG and other producers still tied to the strait.)

via Axios|

#business #energy-security #global-market

world2 months ago•6 min saved

Hormuz Won’t Revert to Normal: Energy Markets Rethink chokepoints

Analysts say the Strait of Hormuz will not return to its prewar normal; countries are expanding or building pipelines and other infrastructure to bypass the chokepoint, while buyers seek alternatives and governments prioritize resilience over efficiency, potentially lifting energy costs and reshaping global energy trade.

via The New York Times|

#energy-security #geopolitical-risk #oil-prices

world3 months ago•3 min saved

Gulf Eyes Oil Route Diversification as Hormuz Grip Tightens

Even after a US–Iran ceasefire, Hormuz remains a chokepoint as Iran’s IRGC has disrupted shipping, leaving about 11.5 million barrels per day of Gulf output shut and roughly 170 million barrels stranded; roughly 300 million barrels have been removed from global balances, pushing prices toward the mid-90s region, with expectations of around $90/bbl. Gulf producers are pursuing bypass routes and expanded pipelines (Saudi East-West, UAE to Fujairah, Iraq–Turkey, Basra–Aqaba) to diversify exports and reduce Hormuz dependence, though colossal costs, security concerns, and political hurdles remain for a multi-route network.

via Semafor|

#energy-security #hormuz #middle-east

world4 months ago•17 min saved

Iran Conflict Threatens Global Oil and Gas Lifelines

The article warns that armed conflict involving Iran could endanger critical oil and gas infrastructure—pipelines, terminals, and refineries—that supply energy globally, risking disruptions to world markets and potential price swings.

via AP News|

#energy-security #iran #oil

environment6 months ago•5 min saved

EPA Narrows States’ Veto Power Over Pipelines and Energy Projects

The EPA proposed a rule to narrow Section 401 of the Clean Water Act, limiting states’ and tribes’ ability to block or delay fossil-fuel projects by focusing only on direct water-quality effects and giving them up to one year to act on certification requests, a move aimed at speeding permitting but likely to provoke legal challenges from Democratic officials and environmental groups who warn it could weaken protections.

via The New York Times|

#clean-water-act #environment #epa

business2 years ago•1 min saved

Kinder Morgan Acquires NextEra Energy Partners' Texas Pipelines for $1.8 Billion

Kinder Morgan, a US pipeline operator, has announced its acquisition of NextEra Energy Partners' gas pipelines in South Texas for $1.82 billion. The deal comes as the oil and gas pipeline industry experiences increased consolidation due to growing US production and challenges in obtaining permits for new pipelines. NextEra Energy Partners' Texas natural gas pipeline portfolio, STX Midstream, consists of seven pipelines that supply natural gas to Mexico, power producers, and municipalities in South Texas. The transaction is expected to be funded with cash on hand and short-term borrowings and is set to close in the first quarter of 2024.

via Reuters|

#acquisition #business #kinder-morgan

infrastructure2 years ago•4 min saved

"Jefferson Parish Takes Action to Combat Saltwater Intrusion with Freshwater Pipelines"

Jefferson Parish in Louisiana plans to build its own pipelines along the banks of the Mississippi River to avoid salt water intrusion and ensure a continued supply of fresh water for its treatment plants. The parish has received approval from the Army Corps of Engineers and will begin work as early as next week. The pipelines will deliver fresh water from an area of the river in Kenner, where salt levels are expected to be lower, to the treatment plants in Marrero and Old Jefferson. This initiative comes as officials across southeast Louisiana prepare for a saltwater wedge from the Gulf of Mexico that threatens the region's drinking water systems.

via NOLA.com|

#drinking-water #infrastructure #jefferson-parish

geopolitics2 years ago•1 min saved

Unraveling the Enigma: Nord Stream Sabotage, One Year Later

One year after the underwater explosions that damaged the Nord Stream pipelines, investigations in three countries have failed to determine who was behind the attack. The incident heightened geopolitical tensions and threatened to draw the European Union and NATO into the war. The question of who was responsible for the sabotage remains unanswered, leaving the implications and motives of the attack unresolved.

via The Washington Post|

#geopolitical-tensions #geopolitics #investigations

international-relations3 years ago•2 min saved

Marine Drones Attack Russian Warship in Black Sea

A Russian warship guarding gas pipelines in the Black Sea was attacked by three uncrewed speedboats from the Ukrainian Armed Forces, according to Russian officials. The attack failed to cause any damage, they claimed. The Ivan Khurs is one of Russia's most modern ships in the Black Sea fleet and has a crew of 120. It was launched in 2017 and is armed with 14.5 mm machine guns and portable air defense systems. The ship was protecting the TurkStream and Blue Stream pipelines, which carry gas from Russia to Turkey.

via Business Insider|

#black-sea #international-relations #pipelines

energy3 years ago•2 min saved

G7 considers new sanctions on Russia over Ukraine and diamond exports.

The European Union is unlikely to agree to a proposal to ban natural gas imports from Russian pipelines in the future, despite reports that the G7 and EU were considering such a plan. The 11th sanctions package is almost complete, and an EU diplomat has said that it is very unlikely such a large change will be made now. Russia's natural gas exports via pipeline to Europe fell by 11.4% in the first half of May compared to the average pipeline flows in April.

via OilPrice.com|

#energy #eu #g7

business3 years ago•4 min saved

ONEOK acquires Magellan Midstream Partners in $18.8B deal to create mega-pipeline company.

ONEOK Inc. is set to acquire Magellan Midstream Partners LP for $18.8 billion, creating a combined company with a total value of $60 billion. The acquisition will add a leading, primarily fee-based, refined products and crude oil transportation business to ONEOK, resulting in a more resilient energy infrastructure company that is expected to produce stable cash flows through diverse commodity cycles. The combined company will own more than 25,000 miles of liquids-oriented pipelines, with significant assets and operational expertise at the Gulf Coast and Mid-Continent market hubs. The transaction is expected to close in the third quarter of 2023 and has been unanimously approved by the board of directors of both companies.

via Tulsa World|

#acquisition #business #energy-infrastructure