Edward's Feed
Jul 24, 2014

BNSF train carrying North Dakota oil derails in Seattle

July 24 (Reuters) – A Burlington Northern Santa Fe train
carrying crude oil derailed as it left a railyard in north
Seattle on Thursday, but there were no reports of a spill or
injuries, BNSF said in a statement.

Four railcars came off the tracks at around 2 a.m. PDT (0900
GMT), three of which were carrying crude oil, said BNSF, which
is owned by Berkshire Hathaway. The train originated in
North Dakota and was bound for Tesoro Corp’s 120,000
barrel-per-day Anacortes oil refinery, 80 miles (129 km) north
of the city, Tesoro confirmed.

Jul 23, 2014

U.S. moves to enhance safety of oil-by-rail shipments

NEW YORK (Reuters) – The U.S. Department of Transportation on Wednesday proposed new safety rules for hauling crude oil by rail after a string of explosive accidents, in a move that could impact railroads, drillers, refiners and railcar makers amid an energy boom.

The draft rules, which are subject to a 60-day public comment period, come as regulators respond to a 50-fold hike in crude-by-rail cargoes since 2008, and more than a dozen accidents that have tarnished the lucrative new shipping trend.

Jul 17, 2014

Colorado finds link between quakes and wastewater wells

NEW YORK, July 17 (Reuters) – Colorado regulators said on
Thursday that the disposal of oil and gas wastewater at a well
in Weld County likely caused a series of small earthquakes this
year, in another sign that a U.S. drilling boom is contributing
to higher seismic activity.

The issue of wastewater disposal disturbing underground
faultlines has become a national issue in the United States
where drilling and wastewater disposal have increased sharply in
recent years.

Jul 17, 2014

U.S. sanctions set to slow Rosneft’s dollar debt, not oil deals

NEW YORK, July 17 (Reuters) – President Barack Obama aimed a
direct blow at Russia’s economic heart on Wednesday with
sanctions on Rosneft, the flagship oil giant that
generates more than 4 percent of the world’s crude and over 8
percent of the country’s GDP.

But in a change of tack from previous similar efforts, the
measures were narrowly tailored to slowly starve the state-run
energy firm of U.S. dollar funding, not bar it from doing
business with oil buyers such as BP or stymie
multibillion-dollar ventures with firms like ExxonMobil,
experts say.

Jul 16, 2014

Google’s Street View takes on America’s gas leaks

NEW YORK (Reuters) – Google Inc’s Street View cars have captured the world’s roads, highways and back alleys for years. Now they are being used for something entirely different: detecting the thousands of natural gas leaks blighting major U.S. cities.

Google cars fit with air monitors have taken millions of readings along the streets of Boston, New York and Indianapolis over the past two years as part of a program run by the non-profit Environmental Defense Fund to help reduce methane emissions.

Jun 30, 2014

Following long ban, U.S. could dominate global light oil supply

NEW YORK, June 30 (Reuters) – After decades of isolation,
the United States is set to become a major player in the global
trade of ultra light oil as recent government export approvals
attract interest across the world.

Following rulings disclosed this week, U.S. companies can
now export the light, gaseous petroleum known as condensate
after a forty-year ban, giving them access to needy markets in
Latin America and Asia and potentially threatening the dominance
of other established producers in the Middle East and Africa.

Jun 24, 2014

U.S. watchdog says Google’s Skybox deal raises commodity trade concern

NEW YORK (Reuters) – Consumer watchdog Public Citizen has called on U.S. regulators to conduct a review of Google Inc’s recent acquisition of aerospace startup Skybox Imaging, concerned that Skybox’s satellite technology may aid manipulation of commodity markets.

In a letter to federal energy and trading regulators on Friday, Public Citizen said that access to Skybox’s satellite images of oil, gas and power infrastructure is already helping deep-pocketed firms such as banks and hedge funds “gain a financial trading intelligence advantage” in commodities.

Jun 16, 2014

After oil, natural gas may be next on North American rails

NEW YORK (Reuters) – As politicians debate the dangers of a massive increase in oil carried by rail in North America, railroads and energy producers are considering the same for natural gas.

Buoyed by the unexpected success of crude by rail, companies are beginning to consider transporting natural gas as remote drilling frontiers emerge beyond the reach of pipelines, executives said.

Jun 16, 2014

Insight – After oil, natural gas may be next on North American rails

NEW YORK (Reuters) – As politicians debate the dangers of a massive increase in oil carried by rail in North America, railroads and energy producers are considering the same for natural gas.

Buoyed by the unexpected success of crude by rail, companies are beginning to consider transporting natural gas as remote drilling frontiers emerge beyond the reach of pipelines, executives said.

Jun 2, 2014

Analysis – Propane battles natural gas for share of U.S. transport market

NEW YORK (Reuters) – Last November, Nicholas Jackson, the transport chief responsible for Cleveland’s school buses, found himself in the middle of a battle for business in the niche world of alternative fuels.

Tasked with replacing an ageing fleet of diesel-powered buses and saving money, he had to choose the best fuel option for his fleet: either compressed natural gas (CNG), a cheap and clean option that powers fleets of buses and garbage trucks in cities from New York to Los Angeles; or propane, a less-used but simpler fuel that’s been gaining in popularity.