The public comment period on a new Transportation Department rule to boost the safety of oil shipments by rail ends Tuesday, with industry groups set to reiterate their stances that Bakken crude can be safely transported if properly classified and handled.
The American Petroleum Institute and the American Fuel and Petrochemical Manufacturers were to file their comments by the deadline, and both planned to hold conference calls planned with reporters to highlight their views.
BILLINGS, Mont. (AP) — The oil industry's lead trade group released new standards on Thursday for testing and classifying crude shipped by rail after prior shipments were misclassified, including a train that derailed in Canada and killed 47 people.
As with earlier orders from the federal government, the industry standards leave it to individual companies to decide how often to test crude in order to gauge its danger.
Bakken crude is safe enough that no further treatment is needed before it’s transported by rail, oil company executives told the North Dakota Industrial Commission Tuesday, The Wall Street Journal reports.
SAO PAULO (AP) — Brazil's state-controlled Petrobras oil company said six workers were injured in a fire at a refinery in the state of Sao Paulo.
Petrobras said in a statement it is investigating what caused Thursday's fire at the Henrique Lage refinery in the city of Sao Jose Campos. It is Brazil's third largest refinery, with a capacity to refine 250,000 barrels of oil per day.
The Sierra Club, Earthjustice and ForestEthics have filed a lawsuit to force the Department of Transportation to ban older DOT-111 tank cars from carrying crude, in the wake of a spate of explosions and fires after derailments, The Hill reports.
Oil and gas workers who open hatches on top of tanks at well sites are exposed to a higher level of benzene than is considered safe by the National Institute for Occupational Safety and Health, according to a study published in the Journal of Occupational and Environmental Hygiene, the Los Angeles Times reports.
Department of Transportation rules to tighten safety standards on oil trains is really a disguised Obama administration attempt to rein in fossil fuel development, climate change skeptic Rep. Dana Rohrabacher, R-Calif., told a senior DOT official at a hearing Tuesday, National Journal reports.
Freight trains carrying crude oil will be barred from being left unattended, under new rules being proposed by the Department of Transportation intended to prevent runaway train disasters like the derailment in Lac-Megantic, The Hill reports.
House Science, Space and Technology subcommittees hearing, "Bakken Petroleum: The Substance of Energy Independence." DOE Principal Deputy Assistant Secretary for Fossil Energy Christopher Smith, PHMSA Deputy Administrator Timothy Butters to testify.
NEW ORLEANS (AP) — BP acted "recklessly" and bears most of the responsibility for the nation's worst offshore oil spill, a federal judge concluded Thursday, exposing the energy giant to roughly $18 billion in additional penalties.
BP's market value plummeted by $7 billion after the ruling as its shares suffered their worst percentage decline in almost three years. By Thursday afternoon, company shares had fallen almost 6 percent to $45.05.
BP PLC, which vowed to appeal, already agreed to pay billions in criminal fines and compensation to people and businesses affected by the disaster. U.S. District Judge Carl Barbier's ruling that BP acted with "gross negligence" deals instead with civil responsibilities, and could nearly quadruple what the London-based company has to pay in fines for polluting the Gulf of Mexico.
The judge held a non-jury trial last year to apportion blame for the Macondo well spill, which killed 11 men on the Deepwater Horizon rig and spewed oil for 87 days in 2010.
He ruled that BP bears 67 percent of the blame, Swiss-based drilling rig owner Transocean Ltd. bears 30 percent, and Houston-based cement contractor Halliburton Energy Services is responsible for 3 percent.
A greater-than-expected increase in crude inventories, coupled with falling stock prices and a strong dollar, sent oil prices tumbling again Wednesday. U.S. benchmark crude for December delivery slid 2.5 percent, or $1.97, to settle at $80.52 a barrel on the Nymex, while in London Brent lost $1.51 to end the trading day at $84.71, Reuters reports.
A lawsuit filed by Citizens for Responsibility and Ethics in Washington -– or CREW -– alleges that the Environmental Protection Agency failed to comply with a Freedom of Information Act request to release documents relating to the biofuels mandate in the 2014 Renewable Fuel Standard, The Hill reports.
Duke Energy CEO Lynn Good told NPR in an interview that she is focusing on making sure that the company is taking the right steps to address the Dan River coal ash spill, but she hopes that in a year or two the utility can move beyond the matter.
Three states in New England and two on the West Coast headed the list when it came to energy efficiency in 2014, while North Dakota, home to the Bakken shale, brought up the rear, in a survey published Wednesday by the American Council for an Energy-Efficient Economy, according to U.S. News & World Report.
Insurance companies are covering less but losing more money as a result of natural disasters, and sustainability advocate Ceres found in a survey that many “show a profound lack of preparedness” when it comes to the impact of climate change, The New York Times reports.
Sen. Joe Manchin, D-W.Va., has cruised waters off the Rhode Island coast to view the impact of climate change on marine life, and now Sen. Sheldon Whitehouse, D-R.I., is visiting his colleague’s home state to learn first-hand about the impact of government policy on the lives of coal miners, the Los Angeles Times reports.
An analysis of state environmental data by the Natural Resources Defense Council found that 5 million people in California already live within a mile of an active oil or gas well, and expanding drilling could expose them to greater health risks, the Los Angeles Times reports.
Four major corporations announced Wednesday they will offer employees discounts on buying or leasing home solar systems through Geostellar, in what's called the Solar Community Initiative program, The New York Times reports.
In order to cope with Western sanctions, the state-owned oil giant Rosneft is asking the Russian government for more than 2 trillion rubles, the equivalent of nearly $50 billion, The Wall Street Journal reports.