WASHINGTON (CBS/AP) — Thousands of older rail tank cars that carry crude oil would be phased out within two years under regulations proposed Wednesday in response to a series of fiery train crashes over the past year, including a runaway oil train that exploded in the Quebec town of Lac-Megantic, killing 47 people. 434 more words
Tags » Bakken Shale
Whiting Petroleum agreed to buy smaller rival Kodiak Oil & Gas in a $6 billion, all-stock deal, the company announced Monday.
The purchase will form the largest producer and the second-biggest leaseholder in the Bakken shale and Three Forks oil region of North Dakota, which has become the second-most important state in the union for oil output after Texas, with… 252 more words
We at Danatec Inc. are proud members of the North Dakota Petroleum Council and a leading safety training providers to many of the key Bakken organizations, so we felt the need to share the fantastic news of the great successes being achieved and congratulate all of the hard working men and women in North Dakota. 787 more words
As U.S. oil production surges, the rail industry is boosting its capacity to transport crude oil beyond that of pipelines in some areas, and this increase raises the risk of lethal accidents, according to two new federal reports. 488 more words