If the market is unwilling to adequately insure pipeline and
oil tanker operators because their ventures are too risky, then they should not receive regulatory approval.
In the case of offshore driller Noble Corp. and
oil tanker operator Teekay Tankers, supply and demand played a big role, driving down prices for their services while increasing competition for the available work.
Not exact matches
Kinder Morgan bears no liability for
oil spills originating from a
tanker that docks at its
oil terminus, but this too should be changed, requiring the pipeline
operator to share the liability as long as the
tanker is in Canadian waters.
CALGARY, Feb 18 (Reuters)- Canadian Pacific Railway Co, the country's second - biggest rail
operator, is considering what to do with C$ 2 billion ($ 1.83 billion) in surplus real estate, its chief executive said on Tuesday as he defended plans to impose a surcharge on
oil tankers he considers unsafe.