Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
UK Expands Sanctions Against Russian Oil Fleet and Its Insurers
Nov 25 2024 // The UK government expanded its sanctions against Russia’s energy industry on Monday, blacklisting dozens of tankers responsible for moving the nation’s oil as well as two insurers involved in the trade. The...
Plains All American Agrees to Pay $73M to Settle California Oil Spill Lawsuit
Nov 13 2024 // Plains All American Pipeline has agreed to pay $72.5 million to settle a lawsuit over the 2015 Refugio Beach oil spill in Santa Barbara, a filing showed on Tuesday. The spill occurred after a pipeline, which ran across...
About 17% of Gulf of Mexico Oil Production Shut Due to Hurricane Rafael
Nov 7 2024 // About 17% of crude oil production and 7% of natural gas output in the U.S. Gulf of Mexico was shut in response to Hurricane Rafael, the U.S. Bureau of Safety and Environmental Enforcement said on Wednesday. Energy...
Dark Fleet Oil Tanker Caught in Recent Collision Heads to China
Oct 24 2024 // A dark-fleet oil tanker that was recently involved in a crash in Southeast Asia is now on its way to China. Ceres I, an aging very-large crude carrier that’s suspected of transporting sanctioned oil, is en route to...
Honda Recalling 780,000 Vehicles in North America on Fuel Pump Concern
Oct 23 2024 // Honda is recalling 780,000 vehicles in North America over concerns that a high-pressure fuel pump may crack and leak fuel. A fuel leak in the presence of an ignition source could increase the risk of a fire, the automaker...
The Secretive World of Russian Oil Tanker Insurance Revealed
Oct 22 2024 // One of the energy market’s open questions since Russia’s invasion of Ukraine has been who’s insuring the tankers moving Moscow’s petroleum against the risk of a catastrophic oil spill. The answer is...
US Watching Dark Fleet Ship-to-Ship Oil Transfers in Asia Waters
Oct 22 2024 // The US is paying close attention to the “dark fleet” of tankers carrying restricted oil and doing ship-to-ship transfers in Southeast Asian waters, the State Department’s top energy official...
Appeals Court Says Experts Must Show Causal Relationship in BP Oil Workers’ Suits
Oct 22 2024 // A federal appeals court has underscored the high bar that expert witnesses must meet before a court can connect the dots between exposure and illness, a ruling that could have an impact on insurance claims and toxic tort...
UK Working to Challenge Russian Shadow Oil Tanker Insurance
Oct 18 2024 // The UK said three government bodies are working together to challenge Russian shadow fleet oil tankers if it perceives they have dubious insurance. An announcement from the country’s Foreign, Commonwealth and...
Oil Field Service Companies Face Lawsuit for Alleged Sexual and Racial Harassment
Oct 17 2024 // Oil field service companies Bigfoot Energy Services and Iron Mountain Energy Services, operating as a single employer, violated federal law by failing to prevent widespread sexual and racial harassment in their workforce,...
Oregon County Adds Utility to $51B Climate Suit Against Fossil Fuel Companies
Oct 16 2024 // Oregon’s Multnomah County, home to Portland, has added the state’s largest natural gas utility to its $51.5 billion climate lawsuit against fossil fuel companies over their role in the region’s deadly...
Two Killed After Leak at Texas Oil Refinery Worked for Maintenance Subcontractor
Oct 15 2024 // DEER PARK, Texas (AP) — Two employees killed when hydrogen sulfide leaked at a Houston-area oil refinery were employees of a subcontractor performing maintenance work, the director of Pemex, Mexico’s state-owned...
Lloyd’s of London Must Stop Supporting Fossil Fuel Expansion, NGO Says
Oct 10 2024 // The Lloyd’s of London market is undermining climate action and should impose binding rules to prevent insurers supporting fossil fuel expansion, NGO Reclaim Finance said on Wednesday. Some European insurers,...
Explosive-Packed Drone Boat Slams Into Oil Tanker in Red Sea
Oct 1 2024 // An explosive-laden drone boat slammed into an oil tanker as it sailed past the coast of Yemen, a sign Israeli airstrikes haven’t deterred the country’s Houthi militants from attacking commercial shipping. The...
Zombie Tanker Turns Up at Northern Chinese Port Laden With Oil
Sep 30 2024 // Singapore-flagged oil tanker EM Longevity made its final voyage almost three years ago, after more than two decades at sea. Earlier this month, ship-tracking data showed it arriving at a Chinese port, loaded with crude and...
Russia’s Oil Tanker Firm Sovcomflot Says G-7 Sanctions Make Oil Trade Less Safe
Sep 20 2024 // Russia’s state-run oil tanker company Sovcomflot PJSC said that western sanctions on ships moving the nation’s petroleum oil are only serving to heighten environmental risks by forcing some vessels out of...
Russian Insurers Play Growing Role in Facilitating Oil Exports to Top Buyer India
Sep 18 2024 // Russian insurers are playing a growing role facilitating the country’s oil shipments to India, its biggest buyer, data obtained from trade and shipping sources shows, helping to protect Moscow’s export revenue...
Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk
Sep 18 2024 // Marine insurance markets face significant risk from the growth of a shadow fleet of ships hauling oil from sanctioned producers like Russian and Iran, an industry group said. The opaque nature of the ownership of those...
Big Oil Companies Defeat Consumer Lawsuit Over Production, Prices
Sep 17 2024 // Several oil companies including Exxon Mobil and Chevron defeated an appeal on Monday by consumers who accused them of colluding with former U.S. President Donald Trump, Russia and Saudi Arabia to cut oil production,...
EU Navy Starts Towing Stricken Red Sea Oil Tanker Hit by Houthis
Sep 16 2024 // The European Union’s naval force said it managed to connect tug boats to a burning oil tanker in the Red Sea, and that the vessel is now being towed away. “The tug boats have successfully connected to the...
