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Alberta expects $1.7 billion profit from crude-by-rail operation

3 days ago DieselGasoil Comments Off on Alberta expects $1.7 billion profit from crude-by-rail operation
By Kevin Orland and Robert Tuttle on 2/19/2019 CALGARY (Bloomberg) — Alberta is preparing a giant crude-by-rail operation to help its oil-sands producers cope with a pipeline crunch, and it expects a big profit from the venture. The Canadian province, which holds the world’s third-largest crude reserves, plans to net $1.7 billion (C$2.2 billion) after investing Read More

Clean-up ongoing at site of Manitoba train derailment

4 days ago DieselGasoil Comments Off on Clean-up ongoing at site of Manitoba train derailment
(Reuters) – Canadian National Railway Co on Monday said its environmental experts are continuing the clean-up of a site in Western Canada where one of its trains derailed on Saturday. Thirty-seven tank cars derailed near St-Lazare, Manitoba, close to Assiniboine River, leaking an undetermined volume of crude oil. None of the crude oil entered the Read More

Canadian National train derails in Manitoba, leaks oil

6 days ago DieselGasoil Comments Off on Canadian National train derails in Manitoba, leaks oil
WINNIPEG, Manitoba (Reuters) – A Canadian National Railway Co train derailed early on Saturday in Western Canada, leaking an undetermined volume of crude oil, the company said. Thirty-seven tank cars derailed near St-Lazare, Manitoba. The leak has been contained and has not entered the nearby Assiniboine River, CN spokesman Jonathan Abecassis said in a statement. Read More

Alphabet unit seeks share of property taxes for Toronto smart city

1 week ago DieselGasoil Comments Off on Alphabet unit seeks share of property taxes for Toronto smart city
TORONTO (Reuters) – Alphabet Inc’s Sidewalk Labs unit is proposing it get a share of property taxes, development fees, and the rising value of Toronto city land as part of a deal to build a smart city, according to the company’s slide presentation made public on Friday. Waterfront buildings, part of a proposed redevelopment of Read More

France suggests glyphosate exit could be even slower than planned

1 week ago DieselGasoil Comments Off on France suggests glyphosate exit could be even slower than planned
PARIS (Reuters) – Only half of France’s farmland could do without glyphosate-based weed-killers by 2021, the country’s farm minister suggested, further lowering an initial ambition to get rid of the controversial chemical by then. In November 2017, President Emmanuel Macron pledged to ban glyphosate in France within three years, rejecting a European Union decision to Read More

Swiss say Bombardier trains still fall short of expectations

2 weeks ago DieselGasoil Comments Off on Swiss say Bombardier trains still fall short of expectations
FILE PHOTO – The logo on the headquarters of the Swiss Federal Railways SBB is seen in Bern, Switzerland May 11, 2016. REUTERS/Ruben Sprich ZURICH (Reuters) – Swiss Federal Railways (SBB) said on Monday that new Bombardier trains have yet to live up to expectations and that both companies were working to correct issues, including Read More

South Africa oil discovery could be a game-changer

2 weeks ago DieselGasoil Comments Off on South Africa oil discovery could be a game-changer
South Africa’s offshore has just yielded a massive natural gas and condensate find that could open a new exploration province for oil majors and change the energy fortunes of the country. France’s major Total said that it had made a significant discovery on the Brulpadda prospects off the southern coast of South Africa. “With this discovery, Total Read More

Australian flooding hits cattle herds, fertilizer output

2 weeks ago DieselGasoil Comments Off on Australian flooding hits cattle herds, fertilizer output
SYDNEY (Reuters) – Australia’s largest fertilizer maker and its biggest listed cattle farmer on Monday warned investors of sizeable losses stemming from floods that engulfed parts of Queensland state, as receding water began to reveal the scale of damage. FILE PHOTO – The Incitec Pivot company fertilizer and explosive chemical plant is pictured at sunset Read More

Railway section of cross-border bridge linking Russia & China to be ready in March

2 weeks ago DieselGasoil Comments Off on Railway section of cross-border bridge linking Russia & China to be ready in March
Construction of the final deck for the railroad bridge over the Amur River to the Chinese city of Tongjiang will be finished next month, according to the government of Russia’s Jewish Autonomous Region. It will be part of the long-awaited infrastructure, which is aimed at connecting Russia’s Far East with China’s northernmost Heilongjiang province. The Read More

Alstom, Bombardier stocks rise after EU blocks Siemens deal

2 weeks ago DieselGasoil Comments Off on Alstom, Bombardier stocks rise after EU blocks Siemens deal
LONDON, MONTREAL (Reuters) – The European Commission’s decision to block a tie-up between Alstom and Germany’s Siemens is fueling speculation about potential merger talks between France’s Alstom and Canada’s Bombardier, lifting both companies’ shares on Wednesday. The logo of Alstom is seen on the company’s TGV high-speed train factory in Belfort, France, February 6, 2019. Read More