Oil
No life lost as Train carry oil, gas derails west of Edmonton
TORONTO – Firefighters battling a major blaze after a Canadian National tanker train derailed west of Edmonton, Alberta, on Saturday have decided to withdraw and wait for the flames to burn themselves out. No injuries to people or livestock have been reported.
The latest derailment has raised more questions about rail safety that became a major issue after a runaway oil train derailed in a Quebec town in July, triggering explosions that killed 47 people.
Canadian National spokesman Louis-Antoine Paquin said 13 cars — four carrying petroleum crude oil and nine loaded with liquified petroleum gas — came off the tracks around 1 a.m. local time in the hamlet of Gainford, about 50 miles (80 kilometers) from Edmonton. Three cars began leaking and caught fire.
With no further explosions expected from the 13 cars, withdrawing the firefighters is the safest thing to do, said Parkland County fire chief Jim Phelan. Parkland County includes Gainford.
“This fire needs to be extinguished by consuming the product,” Phelan said.
About 100 people from the village of Gainford were evacuated.
“It was a huge boom and the house started shaking,” said Devon Cadwell, 15, who lives on a ranch just outside Gainford.
One resident told CHED radio he heard a series of crashes moments before seeing a “huge, huge fireball” shoot into the sky.
“The fireball was so big, it shot across both lanes of the Yellowhead (Highway) and now both lanes of the Yellowhead are closed and there’s fire on both sides,” said the witness, identified only as Duane.
No damage to homes or other private property was reported.
The train was travelling from Edmonton to Vancouver, British Columbia, Paquin said.
The Transportation Safety Board said it is sending investigators to the scene.
Questions about the increasing transport of oil by rail in the U.S. and Canada were raised in July after an unattended train with 72 tankers of oil rolled into the small Quebec town of Lac-Megantic near the Maine border, destroying the town’s center. The rail company’s chairman blamed the train’s operator for failing to set enough hand brakes.
Greenpeace Canada warned that train accidents such as Saturday’s derailment in Alberta will become the “new normal” unless the government tightens safety rules for shipping dangerous goods by rail.
Keith Stewart, the environmental organization’s climate and energy campaign coordinator, said the federal government has taken some steps since July’s devastating derailment in Lac-Megantic, but not enough to mitigate the risks.
He wants Ottawa to launch a comprehensive review of the safety regulations for transporting oil, whether by train or other means.
“Three years ago, there was almost no oil being moved by rail. It’s been growing incredibly rapidly and it’s projected to keep growing that way and the safety standards in Canada simply have not kept up to the new ways to move new kinds of oil,” he said.
Mark Hallman, a spokesman for CN Rail, said the four cars in the 13 car train that were carrying crude were undamaged and he dismissed Greenpeace’s concerns.
“They are centered on the issue of crude by rail and the situation here is that the crude oil tank cars are intact and there are no indications of any leaks.”
The rail cars that caught fire were carrying liquified petroleum gas, Hallman added.
In a strategic move to revitalize Nigeria’s oil and gas sector, the Federal Government has unveiled two key fiscal incentives aimed at attracting investment and enhancing energy security.
The announcement was made by Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy on Wednesday.
The first initiative, the Value Added Tax (VAT) Modification Order 2024, introduces critical exemptions for essential energy products and infrastructure, including Diesel, Feed Gas, Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), Electric Vehicles, Liquefied Natural Gas (LNG) infrastructure, and Clean Cooking Equipment.
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These exemptions are designed to reduce living costs for Nigerians, promote energy security, and accelerate the transition to cleaner energy alternatives.
The second initiative, the Notice of Tax Incentives for Deep Offshore Oil & Gas Production, offers new tax relief options for deep offshore exploration projects.
This measure aims to position Nigeria’s deep offshore basin as a premier destination for international oil and gas investments, boosting the country’s appeal to foreign investors.
These reforms are part of a broader set of policy initiatives, known as Policy Directives 40-42, endorsed by President Bola Ahmed Tinubu.
The directives reflect the administration’s commitment to fostering sustainable development in the energy sector and enhancing Nigeria’s competitive edge in the global oil and gas market.
By Yemie Adeoye
NIGERIA’s President Bola Tinubu has announced that the protracted ExxonMobil-Seplat upstream oil divestment will be formally approved by the Minister of petroleum within a matter of days, just as he announced his government’s intention to expand the Compress natural Gas, CNG buses initiative.
The President who stated this during his Independence day nationwide broadcast stated that the move is in line with his administration’s commitment to free enterprise, free entry and free exit in investments which is the hallmark of his administration investment policy.
“Fellow compatriots, our administration is committed to free enterprise, free entry, and free exit in investments while maintaining the sanctity and efficacy of our regulatory processes. This principle guides the divestment transactions in our upstream petroleum sector, where we are committed to changing the fortune positively. As such, the ExxonMobil Seplat divestment will receive ministerial approval in a matter of days, having been concluded by the regulator, NUPRC, in line with the Petroleum Industry Act, PIA. This was done in the same manner as other qualified divestments approved in the sector.”
The President also seized the opportunity to plead with Nigerians to be patient with his administration’s reform policies. “As your President, I assure you that we are committed to finding sustainable solutions to alleviate the suffering of our citizens. Once again, I plead for your patience as the reforms we are implementing show positive signs, and we are beginning to see light at the end of the tunnel”.
“Our energy transition programme is on course. We are expanding the adoption of the Presidential Initiative on Compressed Natural Gas for mass transit with private sector players. The Federal Government is ready to assist the thirty-six States and FCT in acquiring CNG buses for cheaper public transportation.
Fellow Nigerians, while we are working to stabilise the economy and secure the country, we also seek to foster national unity and build social harmony and cohesion. Our economy can only thrive when there is peace”. he enthused.
As part of the administration’s push to improve Ease of Doing Business (EoDB), Nigeria’s Vice President Kashim Shettima has expressed support for ExxonMobil’s plan to invest $10 billion in the country’s deep-water oil sector.
Speaking on Wednesday, September 25, 2024, during a meeting with ExxonMobil executives at the 79th United Nations General Assembly (UNGA) in New York, Shettima called the investment “a clear testament to the administration’s economic reforms and investor-friendly policies.”
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This announcement follows news that international maritime company DP World intends to develop a multibillion-dollar port project in Nigeria.
Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications, shared the development in a statement on Wednesday. He quoted Shettima as saying: “ExxonMobil’s potential investment aligns with the vision of President Bola Ahmed Tinubu’s administration for a more investment-friendly Nigeria.
We are committed to fostering an environment that supports such transformative projects.”Shettima also discussed the administration’s broader efforts to improve the ease of doing business, highlighting the “Renewed Hope Agenda,” which aims to simplify bureaucratic processes, enhance transparency, and offer fiscal incentives to attract global investors.
“Our administration has taken bold steps to unify the exchange rate, remove fuel subsidies, and implement tax reforms. These measures, though challenging in the short term, are intended to create a stable and predictable business environment in the long term,” he added.
On the oil and gas sector, Shettima mentioned that the government is revising the fiscal framework for deep-water operations to attract investment while ensuring fair returns for the Nigerian people.
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