BNSF Railway plans to buy its own fleet of up to 5,000 new crude oil tank cars with safety features that exceed the latest industry standards.» Read More
NEW YORK, Feb 28- Oil production in North Dakota's Bakken shale stayed flat in January after falling sharply the month before, according to independent data that illustrate how this winter's bitter cold put a freeze on the world's fastest-growing oil patches.
EDDYSTONE, Pennsylvania, Feb 28- A handful of new East Coast terminals that will pump Bakken and other crude from trains onto barges may end demand for imported light, sweet oil in the U.S.
WASHINGTON, Feb 27- The seemingly intractable problem of identity theft led the list of top consumer complaints once again in 2013, with U.S. consumers reporting that they lost over $1.6 billion to various types of fraud, the Federal Trade Commission said in a report released on Thursday.
WASHINGTON, Feb 26- Oil companies handling volatile fuel out of North Dakota's energy patch must consider the dangers of flammable gas carried in the kind of oil-by-rail shipments involved in a string of fiery derailments, a U.S. regulator said on Wednesday.
LONDON, Feb 26- Crude oil shippers in the United States must conduct detailed chemical tests and classify cargoes as moderate- or high-risk materials before loading them onto the rail network, or face prison, under an order issued by the U.S. Department of Transportation on Monday.
WASHINGTON, Feb 26- U.S. lawmakers are expected to question regulators and rail industry officials on Wednesday about several recent fiery derailments, focusing on whether shipments from energy producing regions such as North Dakota's Bakken area are being handled safely.
WASHINGTON, Feb 25- U.S. regulators issued an emergency order on Tuesday requiring oil from North Dakota being loaded onto trains to be tested and properly labeled to reflect its volatile nature after a series of explosive train derailments over the past year.
WASHINGTON, Feb 25- The Obama administration will look for ways the federal government could spur investment to improve infrastructure for transporting oil and natural gas supplies around the country, U.S.
Feb 25- JPMorgan Chase& Co, the largest U.S. bank, announced thousands of job cuts on Tuesday as the mortgage lending business slows, and said it was lowering its profitability target.
WASHINGTON, Feb 25- Shippers moving crude oil by rail out of North Dakota's Bakken energy patch must test the fuel for dangerous volatility before loading it onto the tracks, the U.S. Department of Transportation said on Tuesday.
WASHINGTON, Feb 25- Companies moving crude oil by rail must test the volatility of fuel out of North Dakota's Bakken oilfields before it is moved onto the tracks, the U.S. Department of Transportation said on Tuesday.
Feb 25- Rapid growth in moving oil by train in the United States, coupled with a spate of fiery crashes and derailments, has prompted U.S. regulators and railroads to consider new safety measures this year.
TORONTO, Feb 25- Canadian coffee and doughnut chain Tim Hortons Inc said on Tuesday that it will open at least 800 new restaurants over the next five years under a strategic plan to secure its dominance in Canada and boost returns in the United States.
LONDON, Feb 25- U.S. railroad operators have agreed new safety procedures to reduce the number of fiery derailments involving crude-carrying trains and cut the risk of a catastrophic explosion in a densely populated urban centre.
WASHINGTON, Feb 21- Many oil-by-rail shipments will slow down through urban areas and track inspections will increase on high-traffic areas in response to a string of fiery derailments in the last several months, the American Association of Railroads said on Friday.
Feb 21- Exxon Mobil Corp, the world's largest publicly traded oil company, said on Friday its crude oil and natural gas reserves rose slightly in 2013, lifted by projects in U.S. shale fields and Abu Dhabi.
LONDON, Feb 21- Personnel shortages at the U.S. Department of the Interior are causing delays in issuing oil and gas drilling permits as well as missed targets for important oversight work, according to a government performance audit.
HOUSTON/ NEW YORK, Feb 20- BNSF Railway Co plans to move into tank car ownership and buy its own fleet of up to 5,000 new crude oil tank cars with safety features that exceed the latest industry standards, the unit of investor Warren Buffett's Berkshire Hathaway Inc said on Thursday.
HOUSTON, Feb 20- BNSF Railway Co plans to buy its own fleet of up to 5,000 new crude oil tank cars with safety features that exceed the latest standards adopted by the industry more than two years ago, the unit of investor Warren Buffett's Berkshire Hathaway Inc said on Thursday.
As one of the world's largest makers of consumer food products, the Minneapolis- based company has hefty buying power in the marketplace for corn, soy, sugar, oats, and other commodities needed for its packaged food products.