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Articles Tagged with ''oil industry''

Report reveals projected impact of crude oil exports on US economy

The report found that if crude oil exports were allowed the cost of gasoline and diesel fuel would drop, enabling Americans to save an average of $5.8 billion per year.
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EPA ends new contract ban on BP operations

Oil giant BP and the U.S. Environmental Protection Agency (EPA) have signed an agreement regarding legal procedures following the Deepwater Horizon oil spill in the Gulf of Mexico in 2010.
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Shell closes Nigerian crude oil pipeline

Royal Dutch Shell announced that its Nembe Creek Trunk oil pipeline in Nigeria was closed on Feb. 23 because of a leak caused by theft.
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TransCanada launches operations at Keystone's southern leg

The pipeline section is expected to be operating at full capacity by the end of the year and will move about 3 million barrels of oil.
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Chevron facing $9.5 billion penalty for oil contamination in Amazon

The penalty that Chevron Corporation will have to pay in the case concerning oil contamination in the Amazon has been cut by half by Ecuador's highest court, which upheld the verdict but reduced the fine to $9.5 billion.
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New pipeline project to Trafigura's Gulf Coast terminal announced

Energy Transfer Partners has signed an agreement with Holland-based global commodity trading company Trafigura Beheer BV for the launch of a new crude and condensate pipeline running from the Eagle Ford shale formation in South Texas to Corpus Christi.
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Washington State suspends permits for oil-train terminals

Washington state officials have decided to reject permits for two major oil-train terminals in Southwest Washington, concluding that the projects should go through more environmental scrutiny.
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Blast at Texas oil well site leaves worker injured

A worker was treated for burns on the morning of Oct. 8 following an explosion at an oil well site near the town of Gillet in Karnes County, Texas, about 54 miles southeast of San Antonio.
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Enbridge predicts Northern Gateway pipeline launch in 2018

The decision on the construction of Enbridge's Northern Gateway pipeline is expected by mid-2014, suggesting that the first transportation of crude via the proposed 1,170-km line could start in 2018.
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Investigation reveals mistake in oil labeling in Quebec train crash

The investigation into the train crash in Lac-Megantic, Quebec, has revealed that the crude oil transported in the railcars had a lower flash point than indicated on documents, meaning that it was actually more volatile than could be expected.
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