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Oil

NEWS
March 18, 2015 | BY MENSAH M. DEAN, Daily News Staff Writer deanm@phillynews.com, 215-854-4172
CITING THE GROWING number of railroad cars carrying crude oil through Philadelphia and the state, and a handful of recent derailments, Sen. Bob Casey yesterday called for the passage of federal legislation aimed at increasing railroad safety. Casey, joined at a City Hall news conference by City Councilman Kenyatta Johnson, said that although the recent local derailments did not result in oil leakage or injuries, Congress should be proactive in preventing more serious accidents in the future.
NEWS
March 18, 2015 | By Andrew Maykuth, Inquirer Staff Writer
U.S. Senator Bob Casey (D., Pa.), reacting to growing anxiety over fiery railroad derailments of crude-oil tankers, on Monday pushed for legislation that could provide new resources and training to emergency personnel. "This legislation is a commonsense approach that could give our first responders more training and the additional resources they need," Casey said at a news conference in Philadelphia. The RESPONSE Act, written by U.S. Sen. Heidi Heitkamp (D-N.D.), would establish a subcommittee under the Federal Emergency Management Agency's National Advisory Council to address training of first responders, particularly in smaller communities.
BUSINESS
March 14, 2015 | By Andrew Maykuth, Inquirer Staff Writer
Philadelphia City Council on Thursday urged the federal government to tighten regulations on trains carrying crude oil, in the aftermath of a series of fiery derailments. City Council unanimously approved a resolution that calls on Washington to approve new rules for railcars. It also calls for the city to plan emergency-response workshops for communities along oil-train routes. Philadelphia-area oil refineries have become increasingly dependent upon rail shipments of domestic crude oil, which has displaced more expensive imported oil delivered by ships.
NEWS
March 12, 2015 | By Melanie Burney, Inquirer Staff Writer
The Coast Guard is investigating an oil spill on the Delaware River near Pennsville, Salem County, N.J., authorities said Tuesday. Authorities were notified after globs of oil began washing ashore at the Pennsville boat ramp near Riviera Drive and Eaton Road. Police reports said there was a strong odor of oil. Neither the source of the oil nor the amount possibly spilled have been determined, said John Hammond, an operations specialist first class with the Coast Guard in Philadelphia.
BUSINESS
March 2, 2015 | By Linda Loyd, Inquirer Staff Writer
Philadelphia Energy Solutions and Aker Philadelphia Shipyard are practically neighbors in South Philadelphia, but they are worlds apart when it comes to a 1920 merchant-marine law known as the Jones Act. For the refinery, formerly owned by Sunoco, the federal law requiring that ships transporting cargo between two U.S. ports be built in the United States, staffed by U.S. crews, and primarily owned by U.S. citizens drives up the costs of shipping crude...
BUSINESS
March 1, 2015 | By Andrew Maykuth, Inquirer Staff Writer
Gov. Wolf on Friday joined a chorus of officials pressuring the federal government to improve oil-train safety, and urged the government to reduce the volatility of North Dakota crude oil, which has been implicated in several recent fiery accidents. The new governor released a letter he wrote to President Obama this week about the increasing rail volumes of crude oil, saying Pennsylvania has become one of the nation's biggest destinations for explosive North Dakota crude. Wolf estimated that 60 to 70 trains carrying North Dakota crude travel through Pennsylvania each week.
BUSINESS
February 28, 2015 | By Andrew Maykuth, Inquirer Staff Writer
U.S. Sen. Robert P. Casey (D., Pa.) called on the federal government Thursday to expedite the adoption of new standards for more robust oil-tank cars. Casey, in a letter to the Office of Management and Budget (OMB), said the agency should move quickly in its review of new railcar standards following the latest oil-train accident and explosion, Feb. 16 in West Virginia. "We want the administration to have a greater sense of urgency to get this out the door," Casey said in a conference call with reporters.
BUSINESS
February 27, 2015 | By Andrew Maykuth, Inquirer Staff Writer
    Penn Virginia Corp., the Radnor oil and gas exploration company, reported an adjusted fourth quarter loss of $25.4 million, or 35 cents per share. Analysts surveyed by Bloomberg had anticipated a loss of 10.5 cents per share. The company, which reported earnings Wednesday after markets closed, reported product revenues of $101.4 million, or $51.73 per barrel of oil equivalent, compared to $141.9 million, or $67.91 per barrel a year ago. A Bloomberg consensus of 16 analysts had anticipated sales of $137.6 million.
NEWS
February 23, 2015 | By Andrew Maykuth, Inquirer Staff Writer
The Philadelphia region's petroleum refineries, many of which faced closure four years ago, have experienced an economic revival, thanks to the arrival of a virtual pipeline of domestic crude oil by rail. But the same petroleum from North Dakota's Bakken oil field has been implicated in a succession of dramatic North American rail accidents in the last two years, most recently Monday in West Virginia. Video images of orange fireballs erupting from crumpled tank cars near the village of Mount Carbon last week reignited concerns that the same thing could happen here.
NEWS
February 20, 2015 | BY MARTIN SCHRAM
  A HUGE COLUMN of fire shot skyward - then fanned out in all directions at once, becoming a massive fireball that seemed to hover over tiny Mount Carbon, just downriver from Boomer, W.Va., which is officially a "census-designated place" of 813 people. Suddenly, Monday afternoon's winter sky glowed a nightmarish fire-bright orange - and well into the night it remained a massive warning flare, visible to folks miles away. Officials ordered hundreds to evacuate their homes. Witnesses told reporters the usual things ("like an atomic bomb," "wrath-of-God")
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