Mississauga, ON -- (SBWIRE) -- 11/18/2014 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Augusta Industries Subsidiary Scores Another Sale with Large Canadian Pipeline Company.”
Companies mentioned in this article include Augusta Industries Inc. (TSX-Venture:AAO).
Measuring just major crude oil, petroleum and natural gas pipelines in the United States tallies more than 450,000 miles of pipeline. To put that into perspective, consider that it’s about 25,000 miles around the Earth, meaning that U.S. pipelines could loop around the circumference of the planet more than 18 times. Even though the rail business has significantly ramped up in transporting oil, it still pales in comparison to the magnitude of oil pumped through the pipelines. The International Energy Agency estimated that in 2013 about three-quarters of the oil in the U.S. was transported via pipeline and less than 10 percent by rail. The IEA also evaluated spills, with an analysis showing that a reported spill by rail is six times more likely than a pipeline, although an average pipeline spill is typically more severe.
Toronto-based Augusta Industries Inc. (TSX-Venture:AAO), through its wholly owned subsidiary Fox-Tek Canada, provides solutions to the oil and gas market for monitoring the integrity of pipelines so repairs can be made before a spill happens. Fox-Tek has developed the FT fiber optic sensor and corrosion remote monitoring system, a non-intrusive asset health monitoring sensor scheme to help operators track the thinning of pipelines and refinery vessels due to corrosion/erosion, strain due to bending/buckling and process pressure and temperature.
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