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Articles Tagged with ''oil industry''

North Dakota's Bakken crude oil safe to move by rail, study finds

A new study to be released later this month will voice what many people from the industry have been saying -- that Bakken crude oil is safe for rail transport.
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New rules imposed on Keystone XL after detection of pipeline defects

Two new conditions have been added by safety regulators to the 57 already agreed regarding the construction of TransCanada Corp.'s Keystone XL oil pipeline.
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TransCanada frustrated with another Keystone decision delay

The U.S. Department of State announced on April 18 that there would be another process delay, due to the fact that eight more federal agencies had been asked to weigh in on the matter.
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DOT accuses oil companies of holding back rail safety data

The U.S. Department of Transportation (DOT) claims that oil companies are not providing all the information regulators need to effectively assess the safety of crude oil transportation by rail.
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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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