Platts

Wed, 2014-04-30 21:55Steve Horn
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Explosive Virginia Train Carried Fracked Bakken Oil, Headed to Potential Export Facility

Platts confirmed CSX Corporation's train that exploded in Lynchburg, Virginia was carrying sweet crude obtained via hydraulic fracturing (“fracking”) in North Dakota's Bakken Shale basin. CSX CEO Michael Ward has also confirmed this to Bloomberg.

“Trade sources said the train was carrying Bakken crude from North Dakota and was headed to Plains All American's terminal in Yorktown,” Platts explained. “The Yorktown facility can unload 130,000 b/d of crude and is located on the site of Plains oil product terminal.”

In January, the U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration issued a Safety Alert concluding Bakken crude is more flammable than heavier oils. Hence the term “bomb trains.”

At least 50,000 gallons of the oil headed to Yorktown is now missing, according to ABC 13 in Lynchburg. Some of it has spilled into the James River, as previously reported on DeSmogBlog.

A map available on CSX's website displaying the routes for its crude-by-rail trains offers a clear indication of where the train was headed.


Map Credit: CSX Corporation

Formerly a refinery owned by Standard Oil and then BP/Amoco, Plains All American has turned the Yorktown refinery into a mega holding facility. 

Yorktown may become a key future site for crude oil exports if the ban on exports of oil produced domestically in the U.S. is lifted. 

Tue, 2013-10-08 06:00Guest
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Why Are Coal Industry PR Pros Laughing About Climate Change in Private Talks on Export Terminals?

Ed. Note October 17: In response to misleading allegations from Edelman and the Alliance for Northwest Jobs & Exports, DeSmog has posted a follow-up demonstrating clearly that Mr. Stark's presence was known and that he had introduced himself to both Ms. Hennessey and Mr. Ferguson prior to the conversation.

This is a guest post by Mike Stark from FossilAgenda.

Last month, I attended Platt’s 36th Annual Coal Marketing Days. As a journalist predominantly focused on climate change and the coal industry for the past year, I was pleasantly surprised at how much ground was covered. At the same time, I was not surprised by the subdued mood that permeated this event.

If coal is your business, your best days are behind you, whether you're a mining executive or a PR flack. And the convention attendees were incapable of hiding their forlorn resignation. The gallows humor was contagious, even to someone who can be characterized as generally happy to see one of the world's dirtiest fuels in decline. 

But one flickering glimmer of hope was provided by Lauri Hennessey, a Vice President at Edelman, the world's largest public relations firm notorious for its corporate greenwashing campaigns.

Lauri Hennessey represents the Alliance for Northwest Jobs & Exports, a front group for coal mining and rail corporations that would profit from the export of Powder River Basin coal. Listen to her hallway conversation with some Arch Coal executives reflecting on the prospects of coal export terminal proposals in the Northwest: 


  

Fri, 2011-11-18 05:15Steve Horn
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ExxonMobil and Shell Eyeing North American LNG Export Deals

Yesterday, LNG World News reported that ExxonMobil Vice President Andrew Swiger announced, at a conference hosted by Bank of America Merrill Lynch, that it was actively seeking LNG (liquefied natural gas) export terminals throughout North America, including, but not limited to, in British Columbia and on the Gulf Coast.

In terms of exports from North America, whether it is the Gulf Coast or whether it is Western Canada, it’s something we’re actively looking at,” said Swiger.

So, where are these prospective export terminals located, what are the key pipelines carrying the unconventional gas produced from shale basins, and what are the key shale basins in the mix? Hold tight for an explanation.

Golden Pass LNG Terminal and Golden Pass Pipeline

The LNG World News article explains that ExxonMobil “has a stake in the Golden Pass LNG Terminal in Texas,” but does not explain exactly what the “stake” is.

A bit of research shows that ExxonMobil is a 17.6% stakeholder in the Golden Pass LNG Terminal, according to a March 2011 article publshed by Platts. It is co-owned by ConocoPhillips and Qatar Petroleum, who own a 12.4% and 70% stake in Golden Pass LNG, respectively.

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