A top oil industry group and the American Association of Railroads want up to seven years to retrofit or retire rail cars used to haul flammable crude oil from the booming Bakken Shale region of North Dakota and Canada.
The head of the American Petroleum Institute, Jack Gerard, told reporters Tuesday that his group and the association are jointly calling on the Transportation Department to allow an initial four years to retrofit the oldest, weakest cars, and three more years to tackle newer cars. That's far longer than the two-year timetable the industry would face under a safety rule proposed by Secretary Anthony Foxx in July.
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.
The Environmental Protection Agency would limit the amount of mercury, dioxins, acid gas and other substances used in the process of making bricks and clay, under a prospective rule published in the Federal Register that is open for public comment for 60 days, The Hill reports.
Michael Goggin at the American Wind Energy Association is warning that the North American Electric Reliability Corp.’s decision to hire Energy Ventures Analysis Inc. to review the Environmental Protection Agency’s Clean Power Plan risks its credibility given what he calls the firm’s “stark bias” against the proposal, but NERC is defending its selection, citing its long track record with the firm and its transparent analysis process, E&E reports.
The failure of past drilling projects offshore Cuba will likely signal a cautious approach to the prospect from major oil companies despite the thaw in relations between Washington and Havana, FuelFix reports.
Uncertainty over crude oil prices -– presently at five-year lows -– has prompted Chevron to put an indefinite hold on its Arctic drilling plans in Canada, the company told regulators Wednesday, The Wall Street Journal reports.
Marathon Oil Corp. has trimmed its budget by about a fifth – cutting around $1 billion from 2014 spending levels – citing the “continuing dynamic change in crude oil markets” and the impact that is having on oilfield services, FuelFix reports.
Word that oil companies are trimming their plans for future exploration and production gave a boost to oil prices early Thursday, on the back of a hike the day before. U.S. benchmark crude for January delivery had gained $1.83 to $58.30 a barrel in electronic trading on the Nymex, while in London February Brent was up $2.09 at $63.27, Reuters reports.
Rice Energy has raised about $412 million from its initial public offering of shares in Rice Midstream Partners, less than the $500 million it expected, in large part because the crash in oil prices has brought down prices for energy stocks generally, analysts told the Pittsburgh Tribune-Review.
Three Democratic lawmakers -- Sens. Elizabeth Warren and Ed Markey of Massachusetts, and Tammy Baldwin of Wisconsin – have sent a letter to President Obama warning of their concerns over the Trans-Pacific Partnership, a prospective trade pact with Asia, The Washington Post reports.
At least five power plant operators have signalled they’ll be bringing plants back on line or boosting their generating capacity following creation of a new capacity zone in southern New York, according to the New York Independent System Operator, Platts reports.