Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Most G-7 Members Ready to Lower Russian Oil Price Cap Without US
Jun 12 2025 // Most countries in the Group of Seven nations are prepared to go it alone and lower the G-7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said. G-7...
EU Proposes Nord Stream Ban, Lower Oil Cap to Hit Russia
Jun 11 2025 // The European Union proposed a ban on the Nord Stream gas pipelines and the reduction of an oil price cap as part of a new sanctions package that aims to pile pressure on Moscow to end its war against...
Crews Work to Contain Diesel Fuel Spill in Baltimore Harbor
Jun 6 2025 // State, city and U.S. Coast Guard crews of more than 100 people worked overnight to contain and clean up a 2,000-gallon diesel fuel spill in Baltimore’s harbor. On Wednesday at 11 a.m., first responders received what...
BlackRock Escapes Texas Oil-Boycott List After ESG Retreat
Jun 5 2025 // BlackRock Inc. was removed from Texas’ blacklist of companies that boycott fossil fuels, ending a three-year standoff over the environmental policies of the world’s largest asset manager. The move means pension...
Alberta Wildfires Shut About 7% of Canada’s Oil Production
Jun 3 2025 // Wildfires in Canada’s energy heartland of Alberta have shut down almost 350,000 barrels of daily heavy crude production — about 7% of the country’s output — as a major blaze near the province’s...
Wildfires in Alberta Pose Growing Threat to Canada’s Oil
May 30 2025 // Wildfires are threatening about 5% of Canada’s crude output as a blaze in Alberta’s oil sands region spreads and approaches major production sites. A total of 26 out-of-control fires are burning in the province...
Wildfires Erupt Near Alberta Oil Well Sites Amid Hot Weather
May 27 2025 // Hot weather sparked a string of wildfires around Alberta over the weekend, including some near oil and gas wells operated by Canadian Natural Resources Ltd. and others. Four out-of-control fires were burning in Alberta at...
India Races to Contain Oil Spill From Sunken Container Ship
May 27 2025 // Indian agencies detected an oil spill from a container ship that capsized off the coast of the southern state of Kerala early Sunday, triggering efforts to contain the environmental damage, the defense ministry said in a...
The Biggest US Oil Field Is at Risk of Poisonous Water Leaks, Texas Warns
May 23 2025 // Texas regulators are warning that wastewater from fracking in the biggest US oil basin is causing a “widespread” increase in underground pressure — a development that risks hindering crude output and harming...
US ‘Not Convinced’ About Lower G7 Price Cap on Russian Oil, European Official Says
May 23 2025 // A European official said on Thursday that the United States is “not convinced” about lowering the Group of Seven nations (G7) price cap on Russian crude oil. The European Union has proposed revising the cap...
Chevron Says One Missing After Fire at Angola Offshore Oil Platform With 17 Injured
May 21 2025 // Chevron’s Angolan business said on Wednesday that there was one person missing after an early morning fire at its Benguela Belize Lobito Tomboco (BBLT) offshore oil platform on Tuesday. Seventeen people were injured,...
EU Will Propose to G7 Nations a Reduction in Sanctions Price Cap for Russian Oil
May 20 2025 // The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil as part of the new sanctions package against Moscow, European Economic Commissioner Valdis...
EU to Propose More Sanctions on Russia’s ‘Shadow’ Oil Tankers
May 8 2025 // The European Union’s executive arm is set to propose a new package of sanctions targeting Moscow’s covert fleet of oil tankers as it seek to crank up pressure on Russia over its war against Ukraine. The...
Authorities Are Cleaning Up an Oil Spill in Southeast Louisiana
May 7 2025 // Federal authorities are seeking to contain and clean up the damage from a decades-old oil well in southeast Louisiana that spewed crude and natural gas for more than a week. Upwards of 79,000 gallons (299,047 liters) of...
Trump Administration Sues Michigan to Halt State’s Fossil Fuel Lawsuit Plan
May 1 2025 // The Trump administration sued Michigan and Hawaii seeking to block the states from suing oil companies for damage caused by climate change, less than two months after the US Supreme Court rebuffed a Republican bid to...
Scientists Tally Oil Majors’ Climate Damage With Eye to Legal Liability
May 1 2025 // Over the last decade, scientists have rapidly developed the field of climate attribution research, teasing out the role played by global warming in individual natural disasters. Meanwhile, their ways of tracking a single...
Zombie Ships Are Fast Becoming a Feature of Venezuelan Oil Trade
Apr 30 2025 // On Good Friday, an aging supertanker fully laden with oil and calling itself Varada arrived in the waters to the east of Malaysia after a two-month voyage from Venezuela. The vessel raised some red flags: it was 32 years...
More Russian Insurers Seek Indian Nod for Oil Tanker Coverage
Apr 25 2025 // Four new Russian companies have sought India’s approval to provide insurance for crude oil tankers docking at ports in the South Asian nation, according to people familiar with the matter. India’s shipping...
Lawsuits Against BP Over Health Impacts of Deepwater Horizon Oil Spill Stalled
Apr 22 2025 // Fifteen years after the Deepwater Horizon oil rig exploded off the Gulf Coast, killing 11 and sending 134 million gallons (500 million liters) of crude gushing into the ocean, the effects of the nation’s worst...
Estonia Detains and Boards Russia-Bound Oil Tanker Over Insurance Status
Apr 14 2025 // Estonia’s navy stopped and boarded a sanctioned, Russia-bound vessel in the Baltic Sea on Friday over its insurance status and suspicions that the vessel belonged to Moscow’s shadow fleet, which facilitates the...
