TIRANA, Albania (AP) — Albanian authorities are evacuating residents of a village following an explosion at a Canadian-owned oil well. No injuries were reported.
A statement from the Calgary-based Bankers Petroleum Ltd. said an "uncontrolled leak of natural gas occurred during drilling operation" Wednesday in Marinze, 130 kilometers (80 miles) south of the capital Tirana.
Four Senate Democrats proposed Wednesday that many of the railroad cars that carry crude oil be taken out of service immediately, that new cars be required to have electronically-controlled pneumatic brakes, and that there be new rules requiring that crude be made less volatile before shipment.
The proposal would immediately pull about 37,000 tanker cars from service as a "market signal" to get safer tankers manufactured, the senators said. The oil and rail industries were quick to raise doubts about the proposal.
PORTLAND, Maine (AP) — A proposed settlement fund for victims of a fiery oil train derailment that killed 47 people across the border in Quebec has grown to $270 million (U.S.) with a contribution from Irving Oil, a bankruptcy trustee said Monday.
A court filing Friday in Canada identified 22 parties who have agreed to contribute, including Irving, which previously balked but now says it's providing $60 million to the fund.
The fiery oil train derailment earlier this month in Galena, Illinois has triggered concerns among Chicago residents and officials about the safety of such trains rolling through the state’s largest city, the Chicagoist reports.
TORONTO (AP) — Canada needs to implement tougher standards for oil trains earlier than a 2025 target, the transportation safety board said Tuesday.
The government proposed tougher standards for tank cars this month in response to a string of fiery crashes. The new proposal would require the cars to have a layer of thermal protection and thicker steel walls. It said the new standards should be phased in by 2015.
Oil companies shouldn’t compromise safety even as they slash spending to maintain their bottom lines in the face of falling oil prices, the head of the Association for Energy Service Companies told Bloomberg.
The narrow window for Shell to drill exploratory wells in the Arctic could become even smaller as a result of sea ice clogging the area around the Chuckchi Sea’s Burger prospect, where the company is planning to conduct its operations, FuelFix reports.
United plans to become the first U.S. airline to operate a regularly scheduled commercial domestic flight using alternative fuels, and also will announce Tuesday a $30 million investment in Fulcrum BioEnergy, The New York Times reports.
Gov. Bill Walker is set to approve an update to Alaska’s Interior Energy Project, signing into law Tuesday a bill that extends the search for natural gas in the state beyond the North Slope, the Fairbanks Daily News-Miner reports.
Despite Monday’s Supreme Court ruling impacting the Mercury and Air Toxics Standards rule, Michigan South Central Power Agency and Iowa’s Alliant Energy won’t reverse their decisions to shut coal-fired plants, officials have told Platts.
Democratic Gov. Tom Wolf's decision to slash estimates for the number of Pennsylvania jobs provided by the shale-gas industry –- to 89,000 -– is the latest in a series of actions alarming drillers in the state, The Wall Street Journal reports.
Continuing concerns about the future of Greece in the European Union were weighing on oil prices early Tuesday. U.S. benchmark crude lost 14 cents to $58.19 a barrel in electronic trading on the Nymex, while in London Brent dropped 3 cents to $61.98, Reuters reports.
Documents that Patriot Coal Corp. filed in court about its bankruptcy did not contain detailed information about the compensation for officers and directors of the company, The Wall Street Journal reports.
Venture capital firm Energy Power Partners has bought Talen Energy’s renewable subsidiary -– including 65 megawatts of generation from 25 projects in 4 states –- for an undisclosed sum, according to The Morning Call.