Even as crude oil train derailments stay in the headlines, lawmakers eager to push bills to boost crude-by-rail safety ought to step back and let federal agencies do their job, a former administrator of the Pipeline and Hazardous Materials Safety Administration says.
“I think the federal agencies that are responsible for hazardous material safety have about all the authority and tools they need to have,” Brigham McCown told EnergyGuardian in an interview.
“They would be more effective, frankly, if Congress would leave them alone and allow them to be the regulators. They’re the experts, not the Hill," he added.
BILLINGS, Mont. (AP) — Fuel-hauling tank cars need retrofits to prevent more explosive train wrecks — and the public can't wait another decade for the improvements as has been suggested by industry, U.S. safety officials said.
The National Transportation Safety Board issued a series of recommendations Monday after a spate of fiery accidents revealed shortcomings in voluntary industry standards for cars hauling oil, ethanol and other flammable liquids.
The National Transportation Safety Board is asking the rail industry to move more quickly - on an "aggressive schedule" - to come up with safer oil tankers and find other ways to make oil-by-rail less dangerous, Reuters reports.
MEXICO CITY (AP) — Mexico's state-run oil company continues to search for three missing workers from a platform fireball that killed four others, while beginning to restore production at the damaged Gulf of Mexico facility, officials said Sunday.
Petroleos Mexicanos, or Pemex, will start processing 170,000 barrels of crude by Monday and expects to restore 80 percent of the pre-fire production in the coming week, said Gustavo Hernandez, general director of exploration and production.
TORONTO (AP) — The law firm representing the families of 47 people killed in the 2013 Quebec train crash said it has received a financial proposal that would see them split US$61 million in compensation.
Chicago-based law firm Meyers & Flowers said it will be closely reviewing the settlement to determine whether the defendants are paying sufficient funds.
Industry’s use of natural gas – driven by new plants coming online – will grow more than three percent over the next two years, according to an analysis by the Energy Information Administration, FuelFix reports.
The Environmental Protection Agency’s Clean Power Plan -– the final version of which could be made public as early as Monday -– will give states more time to comply with carbon reduction goals, people familiar with the matter have told The New York Times.
Studies from the Southwest Power Pool and the Georgia Tech School of Public Policy both suggest that states would be better off banding together to comply with the Environmental Protection Agency’s rule limiting power plant carbon emissions, Platts reports.
Washington Gov. Jay Inslee has instructed the state Department of Ecology to be more aggressive about enforcing pollution laws, in an attempt to impose a carbon emissions cap through executive action, The Seattle Times reports.
Data indicating OPEC produced about 3 million barrels per day more than demand in the second quarter helped to drag oil prices lower early Wednesday, Reuters reports. U.S. benchmark crude dropped 20 cents on the Nymex to $47.78 a barrel, while in London Brent fell 22 cents to $53.08.
Low oil and gas prices hit the balance sheet for Range Resources Corp. in the second quarter, as the Texas-based driller reported a $119 million loss, compared to a profit of $171 million a year earlier, the Pittsburgh Post-Gazette reports.
The profit for Anadarko Petroleum Corp. in the second quarter dropped to $61 million, or 1 cent per share after adjustments, but analysts had been predicting a loss for the company, The Wall Street Journal reports.
Expect increasing production but no new well drilling from Consol Energy over the next 18 months, the company announced after reporting a loss of $603 million in the second quarter, the Pittsburgh Post-Gazette reports.