Oil-By-Rail Refiners Say Regulators Will Have Data By End Of May

Posted by Joseph R. Fonseca
Friday, May 09, 2014
Oil by Rail

 

U.S. regulators seeking data from refiners in the effort to gauge the volatility of North Dakota Bakken crude being shipped by rail will have the information by the end of May, according to the industry's trade group.

Seventeen companies have anonymously submitted data from more than 1,000 samples to an undisclosed third-party auditor hired by the American Fuel and Petrochemicals Manufacturers (AFPM), the U.S. independent refining industry's trade group, the group's general counsel, Rich Moskowitz, said on Friday.

A technical consultant is compiling the information into a report to be submitted to the U.S. Department of Transportation by month's end, Moskowitz said. It will be submitted without companies identifying themselves because they consider the data proprietary.

A spate of fiery crude train crashes has prompted regulators to examine oil-by-rail safety. Earlier this year DOT's Pipeline and Hazardous Materials Safety Administration (PHMSA) called for Bakken operators and shippers to share crude testing data to help regulators evaluate the volatility of oil produced there.

DOT did not set a deadline, but last week it identified only three companies it said have shared such data: Exxon Mobil Corp, Continental Resources Inc and privately held Savage Companies.

On Friday, a DOT spokeswoman said the agency had received data from two more companies - independent refiner Phillips 66 and pipeline company Plains All American. The spokeswoman said it was possible that more companies had sent data that DOT hasn't yet received or that an organization was compiling data, like AFPM's consultant.

The spokeswoman said a website where DOT posts companies that have shared information was being updated, but it still did not display Phillips or Plains as of late Friday afternoon.

Plains told Reuters that the company shared crude sampling data from several Bakken locations with DOT in mid-March.

Other companies say they have shared data as well. Oil producer Hess Corp said the company has shared such data with DOT personnel in North Dakota.

J.P. Fjeld-Hansen, managing director at Musket, a privately held trading and logistics company with Bakken oil-loading operations, also said crude shipped from its facilities "is properly tested, classified and reported to DOT". He said PHMSA and DOT have visited Musket's crude loading facilities several times this year.

In addition to Phillips, Tesoro Corp also said they also are sharing data through the AFPM initiative.

"We want to find a solution and work with regulators on that," said Phillips 66spokesman Dean Acosta.

(Reporting by Kristen Hays; Editing by Peter Galloway and David Gregorio)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

USCG Sets 2nd Round of Hearings for El Faro

The U.S. Coast Guard will conduct a second round of public hearings May 16-27 for the Marine Board of Investigation into the loss of the U.S.-flagged cargo ship El Caro, and its 33 crewmembers.

French PM: Aussie Subs to be built in Australia

French Prime Minister Manuel Valls said on Monday he was committed to building all of a new Australian submarine fleet in Australia, apparently contradicting the

DNS Appoints Esson, Chief Executive

Decom North Sea (DNS), the representative body for the offshore decommissioning industry, which promotes and facilitates collaboration and cost reduction, today appointed a new chief executive.

Energy

Transport via Northern European ports more sustainable

On the European continent, the Alps form a natural barrier for international transport. Containers can be transported to Southern Germany, the Czech Republic or

MOL's LNG Carrier KUMUL Delivered

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced the delivery of the LNG carrier KUMUL at Hudong-Zhonghua Shipbuilding (Group) Co.

NAT Acquires Four 150,000dwt Tankers

Nordic American Tankers Limited ("NAT" or the "Company") announced today that it has entered into an agreement to acquire four existing Suezmax sister vessels built in Japan at a world-class shipyard.

Fuels & Lubes

Oil Rally is Not Just About Hedge Funds: Kemp

Oil prices are becoming dangerously overheated as speculators anticipate a rebalancing of supply and demand that has barely started, according to many oil analysts.

Singapore Revokes Two Bunker Licenses

Singapore's Maritime and Port Authority (MPA) have revoked two bunker suppliers' license to operate in the world's top bunker port.    The two companies have,

Norwegian Escape Equipped with Alfa Laval Systems

Norwegian Escape, the first cruise ship in Norwegian Cruise Line’s new Breakway Plus Class, was delivered in October 2015. The 164,600 GT vessel, which boasts 19 decks and 4,

News

Cruise Ship Makes Historic Trip from US to Cuba

Cruise ship MV Adonia sailed into Havana this morning, completing the first leg of its historic inaugural voyage to Cuba that began on May 1, 2016, from Miami,

Allcargo Groups Subsidiaries as ECU Worldwide

ECU Line, Econocaribe and China Consolidators undergoes rebranding to build a Global Brand Connect   India’s integrated logistics solution provider Allcargo Logistics

Northwest Seaport Alliance Joins Green Marine

The Northwest Seaport Alliance has signed on to participate in Green Marine, North America’s largest voluntary environmental certification program for the maritime industry.

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0945 sec (11 req/sec)