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News & Notes
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FERC Statement on Katrina Recovery
“The Commission took prompt action within its limited authority to provide regulatory relief to aid in the recovery process, and stands ready to take any additional steps within the scope of its authority to further those efforts.”
[FULL STORY]
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PHMSA’s Role in Katrina Response
The Pipeline and Hazardous Materials Safety Administration (PHMSA) was involved in a number of practical and constructive efforts in response to oil pipeline operators’ Katrina-related needs, including expediting the acquisition of generators to start key pump stations.
[FULL STORY]
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August 2005 Issue
Lessons Learned from Hurricane Ivan
July 2005 Issue
Advancements in Pipeline Pigging
June 2005 Issue
Going With the Flow
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Oil pipelines are the only part of the petroleum supply system that is under federal rate regulation.
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Safety assessments indicated no physical damage to the major interstate oil pipelines in the area impacted by Hurricane Katrina. They experienced minor flooding and loss of electric power, which was the primary cause for the delay in returning to service, but have since returned to operating at full or near-full capacity.
The temporary shutdown of the oil pipeline system in areas hit by Hurricane Katrina highlights the fragile interdependence of the nation’s energy market, energy experts told Congress Wednesday.
In order to increase the supply of gasoline and minimize potential gasoline supply disruptions, the Environmental Protection Agency (EPA) waved the requirement to sell "summer gasoline," which has a lower volatility limit. The EPA is also temporarily relaxing sulfur content requirements in diesel fuel.
While restoring both offshore and onshore operations has been a priority, oil and gas companies have not forgotten about the thousands of employees who have tirelessly worked to provide America with its crude oil and petroleum supply.