Tag: rail

Cheap oil jamming rails means higher U.S. power bills

While the U.S. has the world’s biggest coal reserves, utilities are forecast by the government to end the year with the lowest stockpiles since 2005.  More »

New railroad rebuilding business after disaster in Quebec

Central Maine and Quebec Railway spent $10 million on track improvements over the summer to increase train speeds that had been lowered to 10 mph in some places because of deferred maintenance.  More »

Phillips 66 to spend $700M more next year

The company said it will spend $4.6 billion next year, with more than two-thirds of that investment earmarked for boosting its midstream assets.  More »

Green groups sue DOT over oil-by-rail regulations

The groups want the Transportation Department to block refiners and other shippers from using older, rupture-prone tank cars to move crude from the Bakken formation in North Dakota.  More »

Dayton: Pipelines part of solution to rail backlog

Heavy rail traffic originating from North Dakota’s oil fields has long been blamed for the shipping delays that have affected farmers and coal and propane suppliers throughout the Midwest.  More »

Rail on track for LNG fuel, but schedule isn’t set

Those hoping for natural gas-powered car fleets on the nation’s highways might want to first look to railroads, where analysts say a there’s a more compelling case to pioneer a switch to natural gas-pulled trains.  More »

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

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.  More »

With new IPO, MLPs move further toward rail

Most everyone is familiar with the master limited partnership, but energy company USD Group is looking to put a unique spin on the structure with a crude-by-rail focused initial public offering.  More »

Crude oil rides Texas’ rails with little tracking

For generations of producers drillers in Texas, where a vast pipeline system has grown with the fits and starts of the oil industry’s notorious business cycle, railroads provided little more than a relatively expensive last resort. But in the boom associated with the hydraulic fracturing, producers increasingly enlist trains to handle the glut.  More »

Insurance industry changes with energy industry

Newer areas for insurance companies to cover include shale gas, wind turbines and transporting oil by railroads, a speaker said at the Independent Insurance Agents of Houston Energy Symposium.  More »

North Dakota crude no more dangerous than similar fuels, report finds

HOUSTON — An industry-funded study released Monday concluded that the oil from the Bakken region doesn’t pose a greater risk to transport than other similar, types of crude. The study is the most scientific analysis of the region’s crude so far, the North Dakota Petroleum Council said. The group hopes the report allays fears that […]  More »

Feds unveil proposed new safety rules for crude-carrying trains

Tank cars that carry crude oil across the United States would have to meet stringent new standards to improve safety and make them more resilient in an accident under proposed new rules unveiled by the U.S. Department of Transportation on Wednesday.  More »

Regulator: New oil train rules could have wide reach

Transportation Secretary Anthony Foxx suggested Monday that coming mandates to boost the safety of hauling oil by train will go beyond requiring changes to the tank cars.  More »

Logistics exec says rail trumps pipelines

Because trains offer flexibility that fixed pipelines can’t match, the trend of moving oil by rail is here to stay, an energy executive told industry leaders and analysts Monday.  More »

Influence game: Shaping railroad safety rules

Billions of dollars are riding on how oil train safety rules are written, and lobbyists from the railroads, tank car manufacturers and the oil, ethanol and chemical industries have met 13 times since March with officials at the White House and the Pipeline and Hazardous Materials Safety Administration.  More »
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