News

A new KMPG report found a lack of supply chain visibility in the metals sector

Jul 16, 2013 A lack of visibility into the supply chain is impacting the sector’s ability to respond to, and recover from, sudden supply chain disruptions. More than half of all metals respondents admitted to having either no visibility or limited Tier 1 supplier visibility, while two thirds said it would take them more than a week to assess the impact of a disruption. http://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/Documents/global-metals-outlook-2013.pdf

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Deadly Train Accident in Quebec Reignites Rail vs. Pipeline Debate

Jul 11, 2013 A Quebec train disaster that killed at least five people and left about 40 missing promises to touch off debate over the safety of shipping crude oil by rail or pipelines such as TransCanada Corp. (TRP)

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Oversupply forces Chinese steelmakers to react

Jul 03, 2013 Chinese steelmakers are dealing with a substantial oversupply problem that will likely force them to transform the way they do business. A report posted on the China Iron and Steel Association (CISA)’s website on Monday said that a weak economic recovery, low demand, high prices for raw materials and high steel output have caused an oversupply of steel products. The report, which was compiled by the Laigang Group, a major iron and steel ...

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In Canada, new pipeline rules call for minimum $1B clean-up fund for major oil lines

Jul 01, 2013 Companies operating major crude oil pipelines in Canada will be required to have $1-billion available to fund clean ups from any spills, the Canadian government said on Wednesday. Joe Oliver, Canada

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Obama

June 30, 2013 President Obama

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Azerbaijan Gas to Take a Southern Route

June 28, 2013 The developers of a major natural gas field in Azerbaijan have decided that the western end of their export pipeline to Europe should take a shorter, southern route ending in Italy rather than a northern one to Austria, one of the companies competing for the pipeline business said Wednesday. The Austrian energy company OMV, the lead shareholder in the company vying for the northern route, said it had been informed it would not win the ...

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Pipeline spills more than 5000 litres of oil in northern Alberta (Canada)

Jun 27, 2013 A pipeline operated by Pennwest Exploration has leaked more than 5000 litres of oil in northern Alberta and co-ordination of clean-up efforts is being hampered by flooding at the company

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Diluted oil sands crude no more likely to leak from pipeline than other oil, study finds

June 25, 2013 The diluted form of heavy crude from Canadian oil sands fields is no more likely to leak from a pipeline than other forms of oil, an arm of the National Academy of Sciences reported Tuesday. The finding, after an extensive study by the National Research Council, refutes a claim by opponents of the controversial Keystone XL pipeline extension, who contend that the

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