Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Delay in Federal Permits Hinders Texas Oil Companies’ Carbon Capture Projects
Feb 11 2025 // Texas oil companies and regulators have waited years for federal permits that would allow those companies to suck carbon dioxide — the largest contributor to climate change — from the atmosphere and inject it...
Russia Emergency Services Work to Prevent Pacific Oil Spill
Feb 11 2025 // An emergency response team in Russia’s Pacific port of Nevelsk is preparing to pump out fuel from a Chinese bulk carrier that ran aground over the weekend, according to regional authorities. “So far, weather...
Oil Executives Call for Cautious Return to Red Sea Navigation
Feb 10 2025 // Oil executives called on Thursday [Feb. 6] for a return to navigation through the Red Sea en route to the Suez Canal following a halt in attacks by Iran-backed Houthi rebels, but said firms were cautiously monitoring...
Russia Faces Impending Oil Tanker Crisis as Sanctions Pile Up: Bloomberg Oil Strategist
Feb 7 2025 // Russia appears to be on the cusp of a debilitating oil-freight transportation problem because of US sanctions, writes Bloomberg oil strategist Julian Lee. On Jan. 10, the US Treasury sanctioned 161 oil tankers for their...
Oil Tanker Attacked Last Year Crosses Red Sea as Houthi Ceasefire Holds
Feb 4 2025 // Liberian-flagged crude oil tanker Chrysalis, which was attacked by Yemen’s Houthis last year, sailed through the Red Sea this week, the Suez Canal said on Monday, in one of the first voyages since the militia...
India Widens Approvals for Russian Insurers After Oil Sanctions
Jan 23 2025 // India widened backing for Russian insurers as the largest buyer of Moscow’s seaborne crude strives to keep discounted barrels flowing, after the US imposed fresh sanctions earlier this month. As well as extending...
Tanker Under US Sanctions Discharges Oil at Chinese Port: LSEG Data
Jan 17 2025 // A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China, shipping data on LSEG Eikon showed on Thursday. The tanker is the first since last week’s...
Actuary Group Forecasts Climate Change to Have Massive GDP Hit Without Policy Action
Jan 17 2025 // Here’s stark warning in a new report from a group of actuaries: the global economy could face a 50% loss in GDP between 2070 and 2090. That is if immediate policy actions on risks posed by climate change are not...
New York City Lawsuit Against Exxon, BP, Shell Over Climate Change Dismissed
Jan 16 2025 // A judge has dismissed New York City’s lawsuit seeking to hold Exxon Mobil, BP and Shell liable for misleading the public about their products, and their commitment to renewable energy and fighting climate change. In...
Russia Expands Response to Biggest Black Sea Fuel Spill in Decades
Jan 14 2025 // Russia has formed a new government commission to coordinate clean up of the biggest spill of oil products in the Black Sea in recent history as the Kremlin continues to assess the full scale of the catastrophe. Two tankers...
Stricken Oil Tanker Towed to Safety off German Island of Ruegen
Jan 13 2025 // An oil tanker sailing under the Panamanian flag that ran out of power in the Baltic Sea last week has been towed to safety off the German island of Ruegen, authorities said. The Eventin, carrying nearly 100,000 tons of...
Tougher US Sanctions to Curb Russian Oil Supply to China and India
Jan 13 2025 // Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow’s top...
Oil Tanker Linked to Subsea Cable Damage Has Serious Deficiencies, Finland Says
Jan 8 2025 // Finland’s public transport agency said on Wednesday that an oil tanker suspected of damaging undersea cables in the Baltic Sea has been found to have serious deficiencies and will not be allowed to operate until...
Russia-Appointed Officials in Crimea Declare Emergency as Oil Spill Reaches Sevastopol
Jan 6 2025 // Russia-appointed officials in Moscow-occupied Crimea announced a regional emergency on Saturday, as oil was detected on the shores of Sevastopol, the peninsula’s largest city. Fuel oil spilled out of two...
US Chamber, Oil Firms Sue Vermont for Making Companies Pay for Climate Damage
Jan 6 2025 // The U.S. Chamber of Commerce and a top oil and gas industry trade group are suing Vermont over its new law requiring that fossil fuel companies pay a share of the damage caused over several decades by climate change. The...
Finland Power Grid Operator Asks Court to Seize Oil Tanker Over Cable Damage
Jan 3 2025 // Finland’s national power grid operator said on Thursday it had asked a Helsinki court to seize the Eagle S oil tanker in a bid to secure the company’s claim for damages related to the breakdown of the undersea...
Biden to Ban More Offshore Oil Drilling Before Trump Arrives
Jan 3 2025 // President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some US coastal waters, locking in difficult-to-revoke protections during his final weeks in the White...
Owner Seeks Release of Oil Tanker Seized in Finland Cable Probe
Jan 2 2025 // The owner of an oil tanker seized by Finland on suspicion of breaking an undersea power line and four telecoms cables in the Baltic Sea last week is seeking the release of the ship, a lawyer representing the company said...
New York to Fine Fossil Fuel Companies $75 Billion Over 25 Years for Climate Damage
Dec 27 2024 // New York state will fine fossil fuel companies a total of $75 billion over the next 25 years to pay for damage caused to the climate under a bill Governor Kathy Hochul signed into law on Thursday. The law is intended to...
G-7 Considers Options to Harden Price Cap on Russian Oil
Dec 20 2024 // Group of Seven nations are exploring ways to toughen the price cap on Russian oil as they seek to better target Moscow’s ability to fund its war against Ukraine, according to people familiar with the matter. Options...
