John Zahary, president and CEO of Altex Energy, makes the case for moving Canadian crude by rail John Zahary, President and Chief Executive Officer of Altex Energy, a company that owns and operates eight crude-by-rail terminals in Western Canada, made the case for transporting Canadian heavy crude oil by rail during an interview with BNN. During his interview, Mr. Zahary
Cushing, Oklahoma’s giant crude oil storage hub will be linked to Colorado’s Niobrara/Codell shale oil production upon construction and completion of a new 550-mile pipeline between Weld County Colorado’s Wattenberg field and NGL Energy Partners’ (ticker: NGL) Cushing terminal. When completed and operating, the proposed Grand Mesa Pipeline, a joint venture project proposed by NGL Energy Partners LP and Rimrock
Approximately 2/3 of Bakken crude moves by rail The amount of crude oil and refined petroleum products moved by U.S. railroads increased 9% during the first seven months of this year compared with the same period in 2013, the EIA said in a report today. “In July, monthly average carloadings of oil and petroleum products were near 16,000 carloads per
A number of oil train derailments and resulting fires over the past year in the U.S. and Canada spurred questions about the volatility risk of U.S. Bakken crude oil being shipped by rail from North Dakota to refineries throughout North America. The U.S. Department of Transportation has proposed new rules for tank car design and introduced revisions to train speed
A train with 102 cars of crude oil from North Dakota derailed when leaving Seattle last week, heading to a Washington refinery. A locomotive, a car loaded with sand and three oil tanker cars left the track but did not roll over. The incident occurred when the locomotive pulled out of the Burlington Northern Santa Fe (BNSF) yard, traveling approximately
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