Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Shell Settles Lawsuit Against Greenpeace Over Activists Boarding Oil Vessel
Dec 11 2024 // British oil and gas major Shell on Tuesday settled a London lawsuit it brought against environmental group Greenpeace after activists boarded a Shell oil production vessel last year. Greenpeace said it had agreed to pay...
Insurers’ Climate Losses Almost Match Premiums From Fossil Fuels
Dec 10 2024 // Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 billion of direct premiums they underwrote for commercial fossil-fuel clients in 2023, according to Insure Our...
Environmentalists Headed to Court Over Proposed Oil Well in Florida Watershed
Dec 10 2024 // TALLAHASSEE, Fla. (AP) — Environmentalists are heading to court to try to stop a plan to drill for oil in the watershed of a vulnerable north Florida river. The challenge brought by the conservation group Apalachicola...
Tank Containing Oil Drilling Byproducts Explodes Near GM Plant in Michigan
Nov 27 2024 // BRIGHTON Mich. (AP) — A tank containing byproducts from oil drilling operations exploded and caught fire Tuesday near the General Motors Proving Ground in southeastern Michigan, damaging two nearby homes but causing no...
Maine Joins States Suing Big Oil to Recover Costs of Climate Change ‘Deception’
Nov 27 2024 // Maine Attorney General Aaron Frey has filed suit in state court against Exxon, Shell, Chevron, BP, Sunoco, and the American Petroleum Institute for allegedly “deceiving Mainers for decades about the role of their...
Secret Russian Oil Switching Gets New Greek Hotspot After Drills
Nov 25 2024 // The secret switching of Russian fuel cargoes between tankers at sea has migrated to new hotspots off the coast of Greece after the European country used naval drills to try and block the activity in one location. About 1...
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...
