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The consequences could be steep for the oil and gas industry, which increasingly turned to rail during a domestic drilling boom to move crude and refined petroleum products across North America.
Houston’s USD Partners will spend $225 million to buy a crude-to-rail loading terminal and related assets in Casper, Wyoming.
A $338 million settlement fund for victims of a fiery train derailment that claimed 47 lives in Canada is poised for final approval, but payments could be held up by a legal challenge from one of that country’s largest railways
From integrity sensors to measurement systems, an array of technologies can help ensure tracks are sound, said Brigham McCown, chairman of the alliance and a former head of the Pipeline and Hazardous Materials Safety Administration.
Hess Corp. spokesman John Roper said the company’s oil complied with a state law that requires propane, butane and other volatile gases to be stripped out of crude before it can be transported. That conditioning process lowers the vapor pressure of the oil to reduce the chance of an ignition during a crash.
Proposed tank car standards don’t address the root cause of oil train derailments, said Charles Drevna, head of the American Fuel and Petrochemical Manufacturers.
A new standard was enacted in Canada after a fiery derailment in July, 2013 in the center of Lac-Megantic, Quebec, killed 47 people, but oil trains meeting the new standard continue to derail and catch fire throughout North America.
The Federal Railroad Administration on Friday ordered the owners of an estimated 6,000 tank cars to replace unapproved valves that have caused oil to leak from trains heaving crude.
Canadian National Railway Co. is building a 1,500-foot long track to bypass a burning train that derailed Saturday in northern Ontario, while BNSF Railway Co. crews were working Sunday to reopen track in rural Illinois after a train carrying oil derailed three days ago.
The derailment involved 10 train cars — some of which caught fire and entered the Mattagami River System, police said