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Alberta oil train terminal sells for C$75 million

(Source: Reuters, June 4, 2015) CALGARY — Cenovus Energy Inc , Canada’s No. 2 independent oil producer, has agreed to buy the Bruderheim, Alberta, crude-by-rail terminal from Canexus Corp for C$75 million in cash, the two companies said on Thursday. Full story:...

Gaps in the system: Is rail safety on the right track?

(Source: Globe and Mail, June 4, 2015) TORONTO — New rail safety rules are still coming into effect two years after the disaster in Lac-Mégantic. Meanwhile, serious crude derailments have continued despite a recent dip in the volume of oil-by-rail shipments. Full...

New York county issues oil train safety report

(Source: Albany Times Union, May 29, 2015) ALBANY, N.Y. — A state oil spill cleanup fund, recently boosted from $25 million to $40 million, is still woefully short of what could be needed after a major spill, explosion or fire, and should eventually grow to as much as...