DIRS.INFO The most relevant business & tech news

☆ Hawaiian Electric Starts Rolling Outages Due to Loss of Generators
▼ + stars: | 2024-02-14 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) -Utility firm Hawaiian Electric said on Tuesday it had begun rolling outages on Hawaii Island due to the unavailability and reduced output from several large generators. The Honolulu-based power company said its largest generator, Hamakua Energy, unexpectedly tripped offline late Tuesday afternoon and Puna Geothermal Venture was operating at a reduced capacity. Hawaiian Electric added one of its combustion turbines had tripped offline on Tuesday evening on the island, which contains the towns of Hilo and Kona. 5, Keahole CT-5, and Puna Steam Plant also are unavailable due to planned annual maintenance or repairs. Hawaiian Electric said the timing and extent of the outages would depend on the amount of demand on the system and the availability of generators.

Persons: Keahole, Gursimran Kaur, Brijesh Patel, Janane Venkatraman, Jamie Freed Organizations: Reuters, Electric, Energy, Geothermal Venture, Puna Steam Locations: Hawaii, Honolulu, Hilo, Kona, Puna, Maui, Bengaluru

☆ Atmospheric River Storm Leaves Over 600,000 Still Without Power in California
▼ + stars: | 2024-02-05 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - More than 600,000 homes and businesses were still without power in California early on Monday, according to data from PowerOutage.us, after an atmospheric river storm pounded the state with heavy rainfall and hurricane-force winds. The storm is the second Pineapple Express weather system, or atmospheric river storm, to hit the state in the past week and arrived just as Los Angeles welcomed celebrities for the music industry's Grammy awards. According to PowerOutage.us, the utility with the most outages was Pacific Gas and Electric Co (PG&E) with over 500,000 customers without power. PG&E is a unit of California energy company PG&E Corp."Since the start of the storm 24 hours ago, PG&E crews have restored more than 565,000 customers who lost power. Approximately 570,000 customers remain out of power," PG&E said on its website.

Persons: PowerOutage.us, Gavin Newsom, Harshit Verma, Brijesh Patel, Angus MacSwan Organizations: Reuters, Pacific Gas and Electric Co, E Corp, The U.S, National, California's Locations: California, PowerOutage.us, Angeles, Los Angeles, Santa Barbara, San Luis Obispo, The, Bengaluru

☆ Gold steadies; poised for second weekly gain on weaker dollar
▼ + stars: | 2023-11-24 | by ( Brijesh Patel | ) www.reuters.com time to read: +2 min

REUTERS/Alexander Manzyuk/File Photo Acquire Licensing RightsSummaryCompanies Gold up 0.7% so far this weekPlatinum eyes second weekly gainDollar heads for second weekly fallNov 24 (Reuters) - Gold held steady on Friday, set for its second consecutive weekly gain, supported by a weaker U.S. dollar as markets grew confident that the Federal Reserve was done with its interest rate hikes. The dollar index (.DXY) slipped 0.2% against its rivals and was on track for a second weekly drop, making gold less expensive for other currency holders. Earlier this week, the Fed minutes showed the central bank would proceed "carefully" and "all participants judged it appropriate to maintain" the current rate setting. "There is that disconnect between market expectations for rates and what the Fed minutes showed and that's what's causing some hesitation in the price of gold," Waterer said. Platinum was flat at $915.57, but was heading for its second weekly rise.

Persons: Alexander Manzyuk, Tim Waterer, CME's, Waterer, Brijesh Patel, Sherry Jacob, Phillips, Rashmi Organizations: REUTERS, Federal, KCM Trade, Thomson Locations: Novosibirsk, Siberian, Russia, U.S, Bengaluru

☆ CSX Train Derails in Kentucky, Spilling Molten Sulfur
▼ + stars: | 2023-11-23 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - A train derailment involving 16 cars, two of which spilled molten sulfur, sparked a fire north of Livingston, Kentucky, railroad operator CSX said on Wednesday, prompting officials to tell residents to evacuate. The cause of the derailment and the scale of the fire were not immediately clear, though ABC News said one crew member suffered minor injuries. "We will work together with local authorities to secure the area and safety is our top priority as we develop a recovery plan," CSX said on its website, adding that the burning of molten sulphur releases sulphur dioxide gas. Giving initial details of the incident, which took place at about 2:23 p.m., it said at least 16 cars were involved, two carrying molten sulphur that lost some of their contents, which then caught fire. Short-term exposure to colourless sulphur dioxide can harm the human respiratory system and make breathing difficult, the U.S.

Persons: Andy Beshear, Beshear, Harshit Verma, Brijesh Patel, Clarence Fernandez Organizations: Reuters, CSX, ABC News, U.S . Environment Protection Agency, Facebook Locations: Livingston , Kentucky, Livingston, Rockcastle, U.S, Bengaluru

☆ Gold ticks higher as weaker US dollar, yields lend support
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +2 min

One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsNov 23 (Reuters) - Gold prices edged higher on Thursday, hovering close to a key $2,000 per ounce level, as an overall weaker dollar and lower U.S. Treasury yields buoyed demand for bullion. FUNDAMENTALS* Spot gold was up 0.1% at $1,992.59 per ounce, as of 0143 GMT, after hitting a three-week high of $2,007.29 on Tuesday. * Lower interest rates decrease the opportunity cost of holding gold. DATA/EVENTS (GMT) 0745 France Business Climate Mfg, Overall Nov0815 France HCOB Mfg, Serv, Comp Flash PMIs Nov0830 Germany HCOB Mfg, Serv, Comp Flash PMIs Nov0900 EU HCOB Mfg, Serv, Comp Flash PMIs Nov0930 UK Flash Comp, Mfg, Serv PMIs NovReporting by Brijesh Patel in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, CME's, Serv, Brijesh Patel, Rashmi Organizations: REUTERS, Treasury, . Federal Reserve, Trust, Climate Mfg, France HCOB, Germany HCOB, Mfg, Thomson Locations: Mendrisio, Switzerland, France, Germany, Bengaluru

☆ Gold slips below $2,000 level as dollar halts slide
▼ + stars: | 2023-11-22 | by ( Brijesh Patel | ) www.reuters.com time to read: +2 min

Spot gold was down 0.1% at $1,996.33 per ounce, as of 0335 GMT. However, "the move lower in the U.S. dollar looks overextended ... And with an effective 4-day weekend looming in the U.S., gold currently lacks the legs to commit fully above $2,000." A weaker dollar makes gold less expensive for other currency holders. Data on Tuesday showed U.S. existing home sales dropped to the lowest level in more than 13 years in October. Swiss gold exports in October rose to their highest level since May as deliveries to India surged to meet demand during the country's festive season, customs data showed.

Persons: Alexander Manzyuk, Matt Simpson, CME's, Brijesh Patel, Sherry Jacob, Phillips Organizations: REUTERS, U.S . Federal Reserve, Index, U.S, Thomson Locations: Novosibirsk, Siberian, Russia, U.S, Swiss, India, Bengaluru

☆ Gold rises on dollar weakness as focus turns to Fed minutes
▼ + stars: | 2023-11-21 | by ( Brijesh Patel | ) www.reuters.com time to read: +2 min

The dollar languished near more than a 2-1/2-month low as investors expect U.S. interest rates to fall next year. A weaker dollar makes gold less expensive for other currency holders. Signs of slowing inflation in the United States has boosted expectations that the U.S. central bank was done raising interest rates. Lower interest rates decrease the opportunity cost of holding gold. Inflation is likely to remain "stubborn" and force the Fed to keep interest rates elevated for longer than investors anticipate, Richmond Fed president Thomas Barkin said.

Persons: Alexander Manzyuk, Edward Meir, CME's, Jerome Powell, It's, Meir, Thomas Barkin, Brijesh Patel, Sherry Jacob, Phillips Organizations: REUTERS, Treasury, Federal, Benchmark, Richmond Fed, Thomson Locations: Novosibirsk, Siberian, Russia, U.S, United States, Bengaluru

☆ Gold ticks higher as dollar slips on Fed pause bets
▼ + stars: | 2023-11-20 | by ( Brijesh Patel | ) www.reuters.com time to read: +2 min

Spot gold rose 0.1% to $1,981.79 per ounce as of 0306 GMT, after rising 2.2% last week. The dollar slipped 0.2% to a more than a 2-1/2 month low against its rivals, making gold less expensive for other currency holders. Traders now widely expect the Fed to leave rates unchanged at its Dec. 12-13 policy meeting, according to the CME FedWatch tool. Lower rates exert downward pressure on the dollar and bond yields, enhancing the appeal of non-yielding bullion. Holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, rose 1.49% to 883.43 tonnes on Friday.

Persons: Alexander Manzyuk, Kyle Rodda, Brijesh Patel, Chris Reese, Rashmi Organizations: REUTERS, Federal, Fed, Traders, Holdings, SPDR, Trust, Thomson Locations: Novosibirsk, Siberian, Russia, U.S, Bengaluru

Down 45% so far this year, palladium is on course for its worst year of losses since 2008, when the financial crash hit demand. Top producer Russia's Nornickel expects the palladium market to swing to a surplus of 300,000 ounces in 2024 from a 200,000-ounce deficit in 2023 due to supplies, boosted by recycling, outpacing demand. Consultancy Metals Focus forecasts above-ground palladium stocks of about 11.64 million ounces in 2023, compared with 12.35 million in 2022 and 12.89 million in 2021 - meaning ample supplies. In March 2022, palladium was trading at more than double the price of platinum, prompting a switch by automakers. However, longer-term Metals Focus is quite bearish on palladium," said Nikos Kavalis, managing director at Metals Focus.

Persons: Alexander Manzyuk, hastening, Russia's Nornickel, John Meyer, Edward Meir, Nikos Kavalis, Brijesh Patel, Harshit Verma, Ashitha, Anjana Anil, Anushree Mukherjee, Abhijith, Arpan Varghese, Pratima Desai, Hugh Lawson Organizations: REUTERS, Russia, ICE, International Energy, Consultancy, Metals, Thomson Locations: Siberian, Krasnoyarsk, Russia, Ukraine, Bengaluru

☆ Industrial metals to remain vulnerable to more softness near-term, says Goldman
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +1 min

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsOct 16 (Reuters) - Goldman Sachs on Monday said it expects industrial metals markets to remain vulnerable to incremental softness in the near term due to deteriorating demand and the impact from higher interest rates. "Building and construction activity remains the weakest segment, but there were downdrafts now noted in volume appetite from most other sectors, with the exception of aerospace," analysts at Goldman Sachs said. The copper market could face near-term pressure from the likelihood that Chinese imports of the metal could be restrained, the bank said. Three-month nickel on the London Metal Exchange was trading around $18,710 per metric ton by 1425 GMT on Monday.

Persons: Goldman Sachs, Andrew Kelly, downdrafts, Goldman, Brijesh Patel, Tina Parate, Sharon Singleton Organizations: New York Stock Exchange, REUTERS, Goldman, London Metal Exchange, Thomson Locations: New York City , New York, U.S, China, Bengaluru

☆ Australia billionaire raises stake in Liontown Resources to 16.7%
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: 1 min

Gina Rinehart poses in Western Australia in this undated handout photo obtained January 23, 2018. Hancock Prospecting/Handout via REUTERS/File photo Acquire Licensing RightsOct 6 (Reuters) - Australian billionaire Gina Rinehart's company Hancock Prospecting has increased its stake in Liontown Resources (LTR.AX) to 16.7%, becoming the largest shareholder, Hancock Prospecting said on Friday. Australia's richest person has been adding to her Liontown holdings since early September, when Albemarle (ALB.N), the world's biggest lithium producer, was granted access to Liontown's books after revising a takeover proposal. Reporting by Brijesh Patel in Bengaluru; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

Persons: Gina Rinehart, Hancock, Gina Rinehart's, Brijesh Patel, Edmund Klamann Organizations: REUTERS, Hancock, Resources, Thomson Locations: Western Australia, Albemarle, Bengaluru

Spot gold was up 0.6% at $1,831.09 per ounce by 1:41 p.m. EDT (1741 GMT) but on track for its second straight weekly loss, down 0.9% so far. Reuters GraphicsBenchmark Treasury yields headed for a weekly increase, denting the appeal of gold. The bounce in gold prices despite the strong jobs data indicates that selling pressure has been exhausted and there is covering of short positions, said Tai Wong, a New York-based independent metals trader. Spot silver gained 3.1% to $21.54 an ounce, platinum rose 2.6% to $876.73 and palladium firmed 1.8% to $1,161.72. All were on track for weekly losses.

Persons: サマリー, Tai Wong, Ole Hansen, Hansen, Ashitha Shivaprasad, Brijesh Patel, Rod Nickel, Kirsten Donovan 私たち Organizations: Graphics, U.S . Labor, Traders, Saxo Bank Locations: U.S, New York, Bengaluru

☆ Gold steadies as investors brace for key cenbank verdicts
▼ + stars: | 2023-09-18 | by ( Brijesh Patel | ) www.reuters.com time to read: +2 min

Spot gold was flat at $1,923.40 per ounce by 09:59 a.m. EDT (1359 GMT). Non-yielding gold tends to fall out of favour among investors when interest rates rise. [USD/Chinese gold prices hit record highs last week, extending a months-long rally as consumers snap up the safe-haven asset to offset a depreciating yuan. "While the developments in China are worth watching, we currently do not believe that this will change the outlook for the gold market," said Julius Baer analyst Carsten Menke. Reporting by Brijesh Patel and Anjana Anil in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Edward Moya, CME's, Kazuo Ueda, Julius Baer, Carsten Menke, Brijesh Patel, Anjana Anil, Krishna Chandra Organizations: Wednesday, U.S . Federal Reserve, The Bank of, U.S, Treasury, Thomson Locations: requisitions, The Bank of England, China, Bengaluru

☆ Over 95% chance of El Nino conditions from January to March 2024, US forecaster says
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Adnan Abidi/File photo Acquire Licensing RightsSept 13 (Reuters) - There is a more than 95% chance that the El Niño weather pattern will continue through the Northern Hemisphere winter from January - March 2024, a U.S. government forecaster said on Thursday, bringing more extreme conditions. "In August, sea surface temperatures were above average across the equatorial Pacific ocean, with strengthening in the central and east-central Pacific," the Climate Prediction Center (CPC) said. El Nino is a warming of ocean surface temperatures in the eastern and central Pacific, and can provoke extreme weather phenomena from wildfires to tropical cyclones and prolonged droughts. On Tuesday, Australia's weather bureau said that El Nino indicators had strengthened and the weather event would likely develop between September and November, bringing hotter and drier conditions to Australia. "Despite nearly the same ensemble mean amplitude as last month, the shorter forecast horizon means that the odds of at least a 'strong' El Niño have increased to 71%," CPC said.

Persons: Adnan Abidi, El Nino, Chris Hyde, Brijesh Patel, Seher Dareen, Rahul Paswan, Sharon Singleton Organizations: REUTERS, Prediction Center, El, El Nino, CPC, World Meteorological Organization, India, Thomson Locations: Ballia District, Uttar Pradesh, India, U.S, Pacific, South Africa, Southeast Asia, Australia, Brazil, Asia, Africa, Bengaluru

☆ Franklin very powerful Category 4 hurricane -U.S. NHC
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: 1 min

Aug 28 (Reuters) - Franklin is a very powerful category 4 hurricane that is causing life-threatening surf and rip currents along the coast of the southeast United States, the U.S. National Hurricane Center (NHC) said in its latest advisory on Monday. Franklin was located about 440 miles (710 km) west-southwest of Bermuda with maximum sustained winds nearing 150 mph (240 kph), the Miami-based center said. "Some additional strengthening is possible tonight, but gradual weakening is expected to begin late Tuesday," the NHC added. Reporting by Brijesh Patel and Ashitha Shivaprasad in Bengaluru; editing by Jason Neely, Susan Fenton and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Franklin, Brijesh Patel, Ashitha, Jason Neely, Susan Fenton, Leslie Adler Organizations: U.S, National Hurricane Center, NHC, Thomson Locations: United States, Bermuda, Miami, Bengaluru

A man with American Electric Power (AEP) repairs an electricity cable during a heatwave in Eagle Pass, Texas, U.S. July 28, 2023. REUTERS/Adrees Latif/File Photo Acquire Licensing RightsAug 24 (Reuters) - Two U.S. electric grids issued alerts warning of the potential for power shortages on Thursday due to a brutal heat wave blanketing Texas and U.S. Central states. ERCOT faces "a high potential to enter emergency operations this evening" due to low wind generation and high power demand, the grid operator said. AccuWeather forecast temperatures in Houston, the biggest city in Texas, would reach 107 degrees Fahrenheit (41.7 degrees Celsius) on Thursday. MISO projected power use would reach 127,195 MW on Thursday, topping the system's all-time high of 127,100 MW in July 2011.

Persons: Adrees Latif, ERCOT, MISO, Brandon Morris, Morris, Scott DiSavino, Brijesh Patel, Nick Zieminski, Jonathan Oatis, David Gregorio Our Organizations: American Electric Power, REUTERS, Reliability, of Texas, Thomson Locations: Pass , Texas, U.S, Texas, Central, Houston, Dallas, Minnesota, Louisiana

☆ U.S. forecaster sees 95% chance of El Nino prevailing through winter
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +2 min

Earlier in the day, Japan's weather bureau forecast the chances of an El Nino through the northern hemisphere winter at 90%. The World Meterological Organization had in May warned that the weather pattern could contribute to rising global temperatures. "In July, El Niño continued as indicated by above-average sea surface temperatures across the equatorial Pacific Ocean," the CPC said. Given recent developments, forecasters are more confident in a "strong" El Nino event, with roughly two in three odds of temperatures rising by about 1.5 degrees Celsius (2.7 degrees Fahrenheit) or more in November-January, it added. It was also expected to bring drier weather across West Africa, South-East Asia and northern South America, and wetter conditions to southern South America in the second half of the year.

Persons: Feisal Omar, El Niño, El Nino, Brijesh Patel, Anjana Anil, Seher Dareen, Bernadette Baum, Mark Potter Organizations: El Nino, REUTERS, Meterological Organization, CPC, El, India, Thomson Locations: Marodijeex, Hargeysa, Somalia's, Somaliland, U.S, Pacific, El, El Nino, Asia, Africa, West Africa, South, East Asia, South America, Bengaluru

☆ Oil to drift lower as slower growth offsets OPEC+ cuts: Reuters poll
▼ + stars: | 2023-07-31 | by ( Rahul Paswan | ) www.reuters.com time to read: +2 min

A survey of 37 economists and analysts forecast Brent crude would average $81.95 a barrel in 2023, down from June's $83.03 consensus and current levels of around $85. Sluggish growth in top crude importer China has also weighed on oil prices so far in 2023. Global oil demand was expected to increase by about 1-2.1 million barrels per day (bpd) in 2023, led by China. "China's economic outlook may continue to disappoint but upside in oil demand is still possible with jet demand recovery from international flights later this year," said Ajay Parmar, associate director of global oil markets research at HSBC. Some of the analysts expected supplies to tighten and support oil prices in the latter part of this year after Saudi Arabia and Russia deepened output cuts in July.

Persons: Brent, Kpler, Ajay Parmar, John Paisie, Rahul Paswan, Brijesh Patel, Barbara Lewis Organizations: U.S . Federal Reserve, ECB, HSBC, Stratas Advisors, Thomson Locations: June's, Central, China, Saudi Arabia, Russia, Bengaluru

☆ Saudi Arabia hikes most August oil prices to Asia after supply cuts
▼ + stars: | 2023-07-06 | by ( Muyu Xu | ) www.reuters.com time to read: +2 min

Companies Saudi Arabian Oil Co FollowJuly 7 (Reuters) - Top oil exporter Saudi Arabia has raised the prices for most its crude oil to Asian customers in August for a second month, after its announcement of prolonging an extra output cut on top of a broader OPEC+ deal. Saudi Aramco hiked the official selling prices (OSP) for August-loading Arab Light to Asia by 20 cents a barrel from July to $3.20 a barrel over Oman/Dubai quotes, the state oil giant said in a statement. Saudi Arabia on Monday announced it would draw out its 1 million barrels-per-day (bpd) voluntary cut to oil production to August and left the door open to extend the trim further. The more expensive Saudi oil would further weigh on the thin refining margins in Asia and prompt refiners to seek alternatives from other Middle Eastern suppliers or from regions such as the U.S. and West Africa, considering the spread between Brent- and Dubai-pegged oil has narrowed. Meanwhile, the OSP to the United States was also raised by 10 cents in August from the prior month at $7.25 versus ASCI.

Persons: refiners, Muyu Xu, Brijesh Patel, David Goodman, David Evans, Alexander Smith Organizations: Saudi Arabian Oil, Saudi Aramco, Reuters, Saudi, Monday, Renaissance Energy, Thomson Locations: Saudi Arabia, OPEC, Saudi, Asia, Oman, Dubai, West Africa, Brent, Singapore, Europe, United States

SP Angel analyst John Meyer said that with global EV sales expected to reach around 15 million vehicles this year, sales of palladium, chiefly used to neutralise harmful car emissions, could be impaired by 1.5 million-2.25 million ounces. While there are still few battery-powered vehicles in the heavy-duty market, exhaust-free electric vehicles are eating into the palladium-focused light vehicle market, Johnson Matthey said. Palladium prices could fall to the $1,250 level, Edward Moya, senior market analyst at OANDA, said. "The reason why people are more pessimistic about palladium than platinum is due to adoption of EVs," he said. "There's a lack of interest in the palladium market.

Persons: John Meyer, Johnson, Wilma Swarts, PGMs, Johnson Matthey, Edward Moya, palladium's bearishness, Tai Wong, Bart Melek, Ashitha, Seher Dareen, Arundhati Sarkar, Brijesh Patel, Arpan Varghese, Jan Harvey Organizations: Palladium, SP, Metals, TD Securities, Thomson Locations: Ukraine, New York, China, Bengaluru

☆ Texas grid operator urges power conservation during heat wave
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +2 min

June 20 (Reuters) - The Texas power grid operator urged homes and businesses to conserve electricity on Tuesday evening to prevent power reserves from falling short as consumers crank up their air conditioners to escape the first heat wave of the summer season. ERCOT operates the grid for more than 26 million customers representing about 90% of the state's power load. Although controlled outages are one of the most extreme actions a grid operator could take to maintain reliability, ERCOT said "controlled outages are not needed at this time." ERCOT forecast power use would reach 81,348 megawatts (MW) on Tuesday before slipping to 80,991 MW on Wednesday. Day-ahead power prices for Tuesday settled around $2,500 per MWh at 5 p.m. local time in several zones, including Houston and Dallas, according to the ERCOT website.

Persons: ERCOT, Seher Dareen, Brijesh Patel, Scott DiSavino, Kim Coghill, Will Dunham, Mark Potter Organizations: Electric, of Texas, Texans, Thomson Locations: Texas, Houston, Dallas, U.S, Bengaluru, New York

☆ Cooler temperatures offer temporary reprieve for Alberta wildfires
▼ + stars: | 2023-05-09 | by ( Nia Williams | ) www.reuters.com time to read: +2 min

May 9 (Reuters) - Wildfires in Canada's main oil-producing province Alberta eased on Tuesday thanks to cooler weather, but thousands of people remained under evacuation orders and officials warned temperatures were expected to rise in coming days. The wildfires also forced oil and gas producers to shut in at least 319,000 barrels of oil equivalent per day (boepd), or 3.7% of the country's production. Officials said firefighters had made progress in southern and central Alberta where cooler temperatures and higher humidity slowed the blazes. The fire danger remains high in many parts of northern Alberta and the province is forecast to have high temperatures return by the end of this week. "We are not expecting the kind of winds we saw last week ... but certainly we are not taking it for granted," said Christie Tucker, information unit manager for Alberta Wildfire.

☆ TC Energy declares force majeure on Columbia Gulf natgas station after fire
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +2 min

April 28 (Reuters) - Canadian energy company TC Energy Corp (TRP.TO) said on Friday that its Columbia Gulf Transmission unit declared a force majeure event at its Corinth natural gas compressor station in Mississippi due to a fire, which had been extinguished. The fire at the compressor station resulted from a suspected lightning strike during severe storms that occurred early on Friday, the company said in a statement. The Corinth compressor station is making operational adjustments to allow a portion of volume to resume flows through the impacted segment of the system, TC Energy said. Based on current nominations, Columbia Gulf said the anticipated impact to firm service was about 0.4 bcf. The Columbia Gulf pipe stretches 3,367 miles (5,419 kilometers) between the U.S. Gulf Coast and the Midwest, serving customers in Louisiana, Mississippi, Tennessee and Kentucky, according to the company's website.

☆ TC Energy says Keystone oil spill caused by fatigue crack
▼ + stars: | 2023-04-21 | by ( Nia Williams | ) www.reuters.com time to read: +2 min

April 21 (Reuters) - Canada's TC Energy (TRP.TO) on Friday said a 14,000-barrel oil spill from its Keystone pipeline in rural Kansas in December was primarily due to a progressive fatigue crack, which originated during the construction of the pipeline. The Calgary-based company released the findings after receiving an independent third-party root cause failure analysis (RCFA), as required by regulators. TC said the RCFA report found the fatigue crack came from a girth weld connecting a manufactured elbow fitting to the section of pipe constructed across Mill Creek. The girth weld was completed at a fabrication factory and met applicable standards. "This resulted in the initiation of a circumferential crack in the weld, which led to failure through operations after over a decade," TC said.

☆ California storm leaves over 120,000 still without power
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +1 min

Jan 9 (Reuters) - More than 120,000 homes and businesses were still without power in California early on Monday, according to data from PowerOutage.us, after a massive storm last week that disrupted road travel with flash floods, rock slides and toppled trees. At least 12 fatalities have been reported from weather-related incidents in California in the past 10 days, Governor Gavin Newsom told a news conference. According to PowerOutage.us, the utility with the most outages was Pacific Gas and Electric Co (PG&E) with over 73,000 customers without power, followed by Sacramento Municipal Utility District at 50,000. PG&E is a unit of California energy company PG&E Corp (PCG.N). Reporting by Rahul Paswan and Brijesh Patel in Bengaluru; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "Brijesh Patel"

25 mentions found