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Oil

BUSINESS
July 22, 2015 | By Linda Loyd, Inquirer Staff Writer
Lockheed Martin Corp. agreed Monday to buy helicopter maker Sikorsky Aircraft Corp. for $9 billion, and Lockheed's CEO said she sees "a real opportunity for growth" in Sikorsky's commercial division, which is based in Coatesville. "Sikorsky's footprint in the commercial aviation segment is well-established," Lockheed CEO Marillyn Hewson said Monday on a conference call with analysts. While the commercial business "has been under recent pressure due to low oil prices, it is expected to recover and add value," Hewson said.
NEWS
July 13, 2015 | By Allison Steele, Inquirer Staff Writer
Two years after a fatal oil-train derailment in Quebec drew national attention to the transport of crude oil, more than 100 people gathered Saturday in Center City to remember the victims and demand better train safety controls in Philadelphia. "These trains go through our neighborhoods and right past our most important icons, and right by a major water supply," said Tracy Carluccio, director of special projects at Delaware Riverkeeper Network, one of the groups that organized the rally at Schuylkill River Trails park, near tracks used by oil trains daily.
NEWS
July 6, 2015 | By Bonnie L. Cook, Inquirer Staff Writer
Henry Rudolph Bilhuber, 87, of Media, an oil-company executive and a skilled sailor, died Tuesday, June 23, of kidney failure at his home. Mr. Bilhuber spent a long career with Mobil Oil Co., starting as a coordinator for service stations. He quickly excelled and became the engineering manager for the firm's eastern region. He was then appointed to a five-year assignment in Norway as a contracts manager for the construction of three huge oil-drilling platforms in the North Sea that were jointly owned by Norway and the United States.
BUSINESS
June 15, 2015 | By Andrew Maykuth, Inquirer Staff Writer
HEIMDAL, N.D. - Arden Georgeson, 78, thought the dark column rising skyward was a tornado. He shouted to his wife, Linda, 72, to run to the cellar. Then the Georgesons made out orange flames along the railroad tracks adjoining their farm, and the source of the smoke came into focus: A mile-long train transporting crude oil had derailed. The fiery wreck last month was the second in North Dakota since 2013, and the 10th in North America in two years, including five already in 2015.
NEWS
June 8, 2015
ISSUE | OIL TRAINS Safer routes The reality is that Bakken oil trains endanger thousands in the Delaware Valley, rail accidents are a daily reality, and federal regulations are too weak ("Good safety record, getting better," June 2). Better to transport oil by ship through the Great Lakes directly to refineries. Leaders in City Hall need to demand that no lives be imperiled so that Philadelphia can become an energy hub. |Michael Volpe, Philadelphia, mvolpe1@verizon.net ISSUE | CLIMATE Role for church Climate-altering pollution is leading to more deadly storms, drought, and famine - impacts disproportionately felt by the poorest in our communities ("Santorum says Pope Francis should butt out of climate debate," June 3)
BUSINESS
June 3, 2015 | By Paul Nussbaum, Inquirer Staff Writer
Norfolk Southern Corp. touted its safety efforts in transporting crude oil in a letter to Gov. Wolf, but the railroad suggested it may file a legal challenge over some recent federal safety rules. Following the issuance of new rules by the U.S. Department of Transportation on May 8, "Norfolk Southern is still considering its legal options," the company's Chairman and CEO C.W. Moorman said in a letter delivered to Wolf on Monday. Like other railroads, Norfolk Southern was particularly "disappointed" with new rules on brakes that the railroad said would produce "little safety benefit," Moorman said.
BUSINESS
June 3, 2015 | By Andrew Maykuth, Inquirer Staff Writer
Ferrellgas Partners, L.P., announced Monday it will acquire Dallas-based Bridger Logistics, L.L.C., a crude-oil transporter that supplies about a third of the petroleum consumed at the Monroe Energy L.L.C. refinery in Trainer, Pa. Ferrellgas, a propane distributor best known for its Blue Rhino brand of bottled gas, will pay $837.5 million for Bridger. Bridger owns and operates midstream assets, providing crude oil transport by road, rail and water to end markets across North America.
BUSINESS
May 31, 2015 | By Paul Nussbaum, Inquirer Staff Writer
Responding to congressional and public criticism, federal regulators said Friday they would not weaken rules requiring certain disclosures about trains transporting crude oil and other hazardous materials. The Inquirer reported this week that new oil-train rules issued May 7 - to go into effect in October - by the U.S. Department of Transportation would end a 2014 requirement for railroads to share information about large volumes of crude oil with state emergency-response commissions.
BUSINESS
May 25, 2015 | By Paul Nussbaum, Inquirer Staff Writer
When crude oil arrives at a refinery in South Philadelphia or Marcus Hook or Paulsboro, the refinery must have a public plan outlining the hazards, a detailed response to possible accidents, and worst-case scenarios for disasters that could endanger hundreds of thousands of people. Not so the trains carrying oil to the refineries. As they travel past the Children's Hospital of Philadelphia, the Philadelphia Museum of Art, Philadelphia International Airport, along the Schuylkill Expressway, and past thousands of homes, schools and businesses, the oil trains need no public accounting of what they are carrying, or when or where, or what could happen if something goes wrong.
BUSINESS
May 9, 2015 | By Andrew Maykuth, Inquirer Staff Writer
Sunoco Logistics Partners L.P. of Philadelphia is expected to operate and own a 30 percent share of the Bakken Pipeline project, a 1,100-mile pipeline that will deliver about 470,000 barrels of crude oil a day from North Dakota shale fields. The project is jointly owned by Phillips 66 and Energy Transfer Partners L.P. (ETP), the parent company of Sunoco Logistics. When the pipeline is completed next year, it will connect North Dakota oil producers to Patoka, Ill., where the new pipeline will interconnect with ETP's existing Trunkline Pipeline that runs to the Gulf Coast.
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