Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Missiles Fired by Yemen’s Houthi Rebels Damage Panama-Flagged Oil Tanker in Red Sea
Apr 30 2024 // Ballistic missiles fired by Yemen’s Houthi rebels caused “minor damage” to a Panama-flagged oil tanker traveling through the Red Sea on Friday [April 26], authorities said. The attack follows an uptick in...
Key Insurer Says Russia Oil Price Cap Increasingly Unenforceable
Apr 30 2024 // A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an organization at the heart of the global insurance industry said, offering one of the most direct criticisms yet of measures...
Shadow-Fleet Oil Tanker That Crashed Had Void Western Insurance
Apr 29 2024 // A shadow-fleet oil tanker that crashed in Denmark’s vital straits produced a set of insurance documents that weren’t valid, a stark example of how there’s little clarity about who would pay the bill if...
Wildfires in Canada’s Oil Sands Region Prompts Evacuation Orders
Apr 23 2024 // Wildfires erupted across Canada’s main oil producing province of Alberta and an evacuation order was issued as the region braces for a repeat of last year’s unprecedented season. Members of the indigenous first...
Once Praised, Settlement to Help BP Oil Spill Workers Leaves Most With Nearly Nothing
Apr 22 2024 // When a deadly explosion destroyed BP’s Deepwater Horizon drilling rig in the Gulf of Mexico, 134 million gallons of crude erupted into the sea over the next three months — and tens of thousands of ordinary people...
‘Zombie Fires’ Smoldering Near Oil and Gas Wells Threaten Canada’s Drillers
Apr 16 2024 // Leftover blazes from last year’s record wildfire season in Canada are threatening to knock out almost 3% of the country’s natural gas production. A total of 50 so-called zombie fires still smoldering beneath...
NHTSA Opens Investigation Into Recall of Certain Ford SUVs Over Fuel Leaks
Apr 12 2024 // The National Highway Traffic Safety Administration (NHTSA) said on Friday it was opening an investigation into the recall of 42,652 Ford SUVs over concerns of a fuel leak that could lead to fire hazards. The NHTSA’s...
Climate Verdict for Swiss Women a Warning for European States, Oil Industry
Apr 12 2024 // Governments and companies that are lax on climate action should be worried since this week’s European human rights court ruling against the Swiss government improves the odds that other such cases could win at the...
Applied Surety Underwriters Buys Majority of Argo’s In-Force Coal, Oil, Gas, Mining Biz
Apr 5 2024 // Applied Surety Underwriters (ASU), a subsidiary of Applied Underwriters’ United Risk division, announced it will acquire the majority of Argo Surety group’s in-force coal, oil, gas, and mining business. ASU...
States Eye Requiring Fossil Fuel Companies to Pay for Some Climate Change Damage
Apr 3 2024 // The Vermont Legislature is advancing legislation requiring big fossil fuel companies pay a share of the damage caused by climate change after the state suffered catastrophic summer flooding and damage from other extreme...
Pennsylvania County Suing Oil Industry Over Climate Change
Apr 2 2024 // A large suburban Philadelphia county has joined dozens of other local governments around the country in suing the oil industry, asserting that major oil producers systematically deceived the public about their role in...
Russia’s Oil Is Finally Getting Snarled by Sanctions
Mar 25 2024 // The Russian oil-export machine funding the Kremlin’s war in Ukraine is finally getting some grit in its gears. Indian oil refiners — Moscow’s second-biggest customers after China since the 2022 invasion —...
Red Sea Fighting Traps Two Oil Ships in Houthi Waters
Mar 22 2024 // Two tankers, containing oil and toxic waste, are stuck in the Red Sea in the firing line between Western naval forces and Yemen’s Houthi militants despite repeated efforts by the United Nations to empty and move the...
Denmark Detains Shadow Fleet Oil Tanker After Ship Collision
Mar 22 2024 // Danish maritime authorities have detained a tanker that was due to carry Russian oil after it collided with another ship in its waters earlier this month. The Andromeda Star collided with a cargo ship called Peace south of...
Chevron to Pay Over $13M in Settlement for California Oil Spills
Mar 21 2024 // Chevron will pay $13.1 million in settlement agreements with two California state agencies for past oil spills in Kern County, Bakersfield, the California natural resources agency said on Wednesday, as the major oil...
Shadow-Fleet Oil Tanker Damaged in Collision Near Denmark
Mar 20 2024 // A tanker from the shadow fleet of ships assembled to carry Russian oil was involved in a collision near Denmark, casting fresh light on the risks vessels with unknown ownership pose to the world’s oceans. The...
Update: Houthi Militants Say Fuel Tanker in Red Sea Targeted With Missiles
Mar 19 2024 // Yemen’s Houthis targeted a fuel tanker, MADO, in the Red Sea with naval missile and Israel’s Eilat port and resort region with winged missiles, the group’s military spokesperson Yahya Sarea said on...
Treasury Asked Why US P&I Club Insures Ships Carrying Iran Oil
Mar 18 2024 // A Republican congressman is asking the Treasury Department to explain its handling of a US insurance company that covered dozens of tanker ships suspected of carrying sanctioned Iranian oil. Representative Zach Nunn of...
Oil Sheen off California Possibly Caused by Natural Seepage From Ocean Floor
Mar 13 2024 // An oil sheen spotted off the Southern California coast last week was possibly caused by a natural seep from the ocean floor, but the exact source still isn’t known, U.S. Coast Guard officials said. Authorities...
No Recoverable Oil From Massive Spill Off Southern California Coast
Mar 11 2024 // No recoverable oil remains in the water after a sheen was reported off the Southern California coast, but the cause remains unclear, officials said. Authorities detected the 2.5-mile long oil sheen Friday morning. Crews...
