oil and gas News

Gulf of Mexico Oil and Gas Lease Sale Postponed Amid Legal Battles Over Endangered Whale Protections

NEW ORLEANS (AP) – An upcoming sale of federal Gulf of Mexico oil and gas leases was officially postponed last week amid legal fights over protections for an endangered species of whale. A federal appellate panel last week paused a …

More Funding for U.S.-Based Provider of Retained Climate Risk Reinsurance

Demex Group raised $5 million from a syndicate of existing and new investors the company says will address accumulating losses caused by secondary perils. The managing general agent, which “operates at the intersection of climate, insurance, and technology,” last year …

Russia-Aligned Hackers Pose Threat to Canada Energy Sector, Spy Agency Says

Russia-aligned hackers could seek to disrupt Canada’s powerful oil and natural gas sector, especially since Ottawa is a strong backer of Ukraine, a Canadian spy agency said on Wednesday. The Communications Security Establishment (CSE) signals intelligence agency said Russia had …

Alliant Acquires Texas’ McAnally Wilkins

Alliant Insurance Services has acquired McAnally Wilkins, LLC, a leading provider of property and casualty (P&C) insurance solutions for the oil and gas service industry. Based in Odessa, Texas, McAnally Wilkins provides insurance and risk management expertise as well as …

Thanks to Oil Boom, N. Dakota County Sees Fastest Growth in US

First came the roughnecks and other oil field workers, almost all men. Lured by steady wages as the nation climbed out of the Great Recession, they filled McKenzie County’s few motel rooms, then began sleeping in cars, tents, trailers — …

Amwins Underwriting Division Expands Portfolio with New Oil & Gas Programs

With a focus on delivering unmatched underwriting acumen via programs that fill complex needs within the market, Amwins Underwriting is excited to announce the launch of two new Oil and Gas programs: Oil & Gas Consultants and Increased Cost of …

California Legislature Votes Down Fracking Ban

California lawmakers rejected a bill that would have banned fracking in the state, succumbing to pressure from the powerful oil and gas industry and their labor union allies who warned the bill would have cost good-paying jobs. The bill was …

12 Missing After Ship Capsizes Off Coast of Louisiana

Twelve people were still missing on April 14 after six other crew members were pulled from rough seas following the capsizing of their commercial platform vessel during a “microburst” of bad weather off the coast of Louisiana, the U.S. Coast …

More than 10K Jobs Lost in North Dakota’s Oil Patch Last Year

The coronavirus pandemic has had a significantly negative impact on North Dakota’s oil and gas industry, resulting in the shedding of thousands of jobs last year. The oil industry’s recovery has been slow. Job Service data show that North Dakota’s …

Texas Governor Vows to Fight President Biden’s Energy, Climate Agenda

Gov. Greg Abbott, looking to show an early contrast with President Joe Biden, visited the Permian Basin on Jan. 28 and announced a series of steps the state would be taking to push back against the new Democratic administration when …