Bakken Oil News

Facing lawsuit, California oil train terminal to shut down

Facing lawsuit, California oil train terminal to shut down

October 23, 2014 | Star Telegram| WASHINGTON — A legal victory in California this week over crude oil operations could have a spillover effect, emboldening critics of crude-by-rail shipments to press their concerns in other jurisdictions. EarthJustice, a San Francisco-based environmental group, won its battle to halt crude oil train operations in the state as […]

By October 24, 2014 0 Comments Read More →
Oil Industry wants 7-10 years to phase out tank cars

Oil Industry wants 7-10 years to phase out tank cars

October 21, 2014 | Fuel Fix | WASHINGTON – Leading oil industry trade groups on Tuesday told federal regulators that proposed regulations to boost the safety of transporting crude by trains need to be phased in more slowly and should not mandate tank cars with extra-thick shells. If the Department of Transportation doesn’t relax the proposed […]

By October 21, 2014 0 Comments Read More →
Oil slump means canceled projects as investment declines

Oil slump means canceled projects as investment declines

October 16, 2014 | Fuel Fix | The global crash in crude prices is reverberating through the oil and gas industry, pressuring producers to curtail investment to protect profits and avoid cuts to dividend payments. Projects in the Canadian oil sands, offshore fields in Norway and drilling-intensive U.S. shale deposits are among the most vulnerable […]

By October 17, 2014 0 Comments Read More →
Dropping oil prices could threaten U.S. fracking boom

Dropping oil prices could threaten U.S. fracking boom

October 13, 2014 | McClatchy DC | WASHINGTON — Oil prices continued to collapse Monday and are getting closer to levels that could dampen the U.S. energy boom. West Texas Intermediate crude, the U.S. benchmark, traded below $85 a barrel on Monday and has plummeted by more than 20 percent from this summer. [Read the […]

By October 14, 2014 0 Comments Read More →
Fiery Oil-Train Derailments Prompt Calls For Less Flammable Oil

Fiery Oil-Train Derailments Prompt Calls For Less Flammable Oil

October 13,2014| NPR | Once a day, a train carrying crude oil from North Dakota’s Bakken oil fields rumbles through Bismarck, N.D., just a stone’s throw from a downtown park. The Bakken fields produce more than 1 million barrels of oil a day, making the state the nation’s second-largest oil producer after Texas. But a […]

By October 14, 2014 0 Comments Read More →
Improving safety on North America’s “122-inch pipeline”

Improving safety on North America’s “122-inch pipeline”

October 9, 2014 | Railway Age| Inspections have identified that crude oil tank cars are corroding at an alarming rate. This is causing many in the industry to seek out corrosion protection solutions. If crude oil has been transported in steel tank cars for nearly 150 years, shouldn’t we know how to protect them from […]

By October 9, 2014 0 Comments Read More →
Shale Boom Tested as Sub-$90 Oil Threatens U.S. Drillers

Shale Boom Tested as Sub-$90 Oil Threatens U.S. Drillers

October 8, 2014 | Bloomberg News| The U.S. shale boom is producing record amounts of new oil as demand weakens, pushing prices down toward levels that threaten to reduce future drilling. Domestic fields will add an unprecedented 1.1 million barrels a day of output this year and another 963,000 in 2015, raising production to the […]

By October 8, 2014 0 Comments Read More →

Keystone Be Darned: Canada Finds Oil Route Around Obama

October 7, 2014|Bloomberg News| So you’re the Canadian oil industry and you do what you think is a great thing by developing a mother lode of heavy crude beneath the forests and muskeg of northern Alberta. The plan is to send it clear to refineries on the U.S. Gulf Coast via a pipeline called Keystone […]

By October 8, 2014 0 Comments Read More →

‘Wild West’ Approach to Regulation in Bakken Shale Means Bomb Trains Continue to Roll

October 8, 2014|DESMOGBLOG| Prepare yourself for a rare moment of honesty from the oil industry. It happened on Sept. 23 at a hearing of the North Dakota Industrial Commission during a discussion on ways to make Bakken crude oil less flammable for transportation. [Read the entire article here.]

By October 8, 2014 0 Comments Read More →
More oil trains heading to N.J.

More oil trains heading to N.J.

October 5, 2014 | Northjersey.com| The owner of the state’s largest refinery is investing heavily in rail transportation to haul oil across the country to its Linden plant, ensuring that more trains carrying millions of gallons of volatile Bakken crude will be traveling through New Jersey. The Houston-based energy giant Phillips 66 recently opened a […]

By October 7, 2014 0 Comments Read More →