Edward's Feed
Apr 11, 2014

Ohio links fracking with earthquakes, announces tougher rules

NEW YORK (Reuters) – Ohio regulators announced new rules for oil and gas drilling on Friday after evidence emerged linking the hydraulic fracturing extraction method, known as fracking, to recent earthquakes.

In the strongest wording yet from the state, the Ohio Department of Natural Resources (ODNR) said that injecting sand, water and chemicals deep underground to help release oil and gas could be inducing tremors.

Mar 25, 2014

Oil spills into Lake Michigan from BP refinery

By Erwin Seba and Edward McAllister

(Reuters) – An unknown amount of oil leaked from BP Plc’s Whiting refinery in Indiana into Lake Michigan after a mechanical glitch on Monday afternoon, the company confirmed on Tuesday.

The discharge had stopped, and the leak was contained, the London-based company said in a statement on Tuesday.

Mar 25, 2014

New U.S. West Coast energy projects face tough opposition

NEW YORK, March 25 (Reuters) – The West Coast of the United
States, long a battle ground for industrial and environmental
interests, is set for another round of disputes as the region
attracts key energy projects.

Huge new oil and gas fields have changed the way energy is
transported across the United States, opening up the prospect of
gas exports to Asia and increasing shipments of oil by rail. As
this happens, the West Coast, from California to Washington, has
become a major focus for energy developers.

Mar 21, 2014

Sanctions on Gunvor’s Russian co-founder put oil traders on guard

NEW YORK, March 20 (Reuters) – Minutes after the U.S.
government said Thursday it would punish the Russian co-owner of
the world’s No.4 private oil trading firm Gunvor SA with
crippling sanctions, traders and bankers active in global oil
markets began asking urgent questions.

Could the sanctions, which prohibit U.S. banks, individuals
and companies from doing business with Russian billionaire
Gennady Timchenko or firms he controls, possibly freeze the
Geneva-based trading empire that Timchenko co-founded out of
global commodity markets? Skittish counterparties and financiers
scrambled for details, fearing they could be left exposed.

Mar 18, 2014

Sunoco oil pipeline leaks in Ohio nature preserve

By Edward McAllister

(Reuters) – A major oil pipeline owned by Sunoco Logistics Partners LP leaked thousands of gallons of crude oil into a nature preserve in southwest Ohio late on Monday.

Between 7,000 and 10,000 gallons (26,000-38,000 liters) of sweet crude leaked into the Oak Glen Nature Preserve about a quarter of a mile from the Great Miami River, according to early estimates from the Ohio Environmental Protection Agency.

Mar 9, 2014

Propane fuel finds its place on America’s backroads

NEW YORK, March 9 (Reuters) – Propane, once considered a low
value by-product of U.S. oil and natural gas production, is
finding its niche as a transport fuel in rural America where
other gasoline alternatives struggle to gain a foothold.

The propane being pumped into trucks and buses that ply
America’s backroads is generally cheap, abundant and requires a
simple infrastructure to deliver. That gives it an advantage
over natural gas and electricity, the non-oil power sources
often used for vehicles in cities or on major highways.

Feb 28, 2014

New U.S. rail rules will not revamp old oil tank fleet

NEW YORK/CALGARY (Reuters) – New U.S. rules to toughen classification standards for oil-train shipments will affect less than 3 percent of the tank cars now hauling crude across the country, leaving older, flawed models on the tracks, officials and industry sources say.

The emergency order released on Tuesday, a day ahead of a Senate hearing on oil train safety, may affect some bitumen cargoes from Canada, but will do nothing to curb the use of older DOT-111 cars many hold responsible for a string of recent fiery accidents, they said.

Feb 12, 2014

Winter exposes weakness in U.S. natgas supply network

NEW YORK (Reuters) – Freezing temperatures are hampering U.S. natural gas deliveries this winter despite ample production of the heating fuel, exposing weaknesses in a supply network strained by unprecedented demand.

The United States is home to some of the world’s largest natural gas deposits and supplies have flooded the market over the last five years, erasing concerns about dwindling output.

Jan 24, 2014

U.S. propane shortage hits millions during brutal freeze

NEW YORK, Jan 24 (Reuters) – Millions of Americans are
feeling the pinch of a propane shortage this week as brutal cold
exposes the supply vulnerabilities of a fuel that heats homes,
schools and businesses across wide swathes of the United States.

Prices of the fuel, a liquefied petroleum gas, have rocketed
to all-time highs in Midwestern states, distributors are
rationing supplies, and some schools have shut due to a lack of
the fuel during this year’s second bout of Arctic weather.

Jan 24, 2014

U.S. propane shortage affect millions in brutal freeze

NEW YORK, Jan 24 (Reuters) – A propane shortage is affecting
millions of Americans this week as brutal cold exposes the
vulnerabilities of a network responsible for heating homes,
schools and businesses across wide swathes of the United States.

Prices of the fuel have rocketed to all-time highs in some
regions, distributors are rationing supplies, and some schools
have shut due to a lack of fuel during this year’s second bout
of Arctic weather.