Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Update: 1 Dead, 3 Hurt in North Dakota Oil Rig Blast
Jun 21 2016 // One worker was killed and two others were seriously injured in an explosion and fire at an oil well in western North Dakota, authorities said. The McKenzie County Sheriff’s Department said 52-year-old Johnny...
Environmentalists Warn of Spill Risk from Increasing Oil Shipments on Hudson River
Jun 21 2016 // The Hudson River may still become a major corridor for the shipment of thick, tar sands oil from Canada despite moves last year by New York officials that many thought stopped those efforts. At issue is a key air permit...
States Faced with Massive Well Cleanup from Oil Bust
Jun 20 2016 // The worst oil bust since the 1980s is putting Texas and other oil producing states on the hook for thousands of newly abandoned drilling sites at a time when they have little money to plug wells and seal off environmental...
Iron-Starr Forms Underwriting Alliance with Oil Casualty Insurance
Jun 10 2016 // Ironshore Inc. has added Oil Casualty Insurance, Ltd. (OCIL) as a subscribing insurer to Iron-Starr Excess Agency Ltd. for Financial Lines business. Iron-Starr currently underwrites on behalf of Ironshore Insurance Ltd....
Lying About Gulf Oil Spill Size to Investors to Cost BP $175M
Jun 3 2016 // BP Plc said it agreed to pay $175 million to settle claims by U.S. investors that its managers lied about the size of the 2010 Gulf of Mexico oil spill to prop up its stock price, removing the company’s last major...
Insurer Fossil Fuel Divestment Focus of Washington Climate Change Summit
Jun 2 2016 // Getting insurers to rid themselves of investments in fossil fuels, creating products to deal with climate change and helping the world better understand risk, were among the topics on Wednesday at a summit on the insurance...
North Dakota Governor: Oil Industry ‘Solid’
May 27 2016 // North Dakota Gov. Jack Dalrymple told industry and government officials on May 25 that the state’s unprecedented oil boom that made it the economic darling of the nation is far from going bust. “From our...
What University of Washington’s Climate Risk and Insurance Summit Has in Common with Paris
May 26 2016 // It may not be a climate change summit for the ages like last year’s Paris meeting in which world leaders hashed out a historic agreement to reduce carbon emissions, but it does have two things in common with the 2015...
North Dakota Company Settles Racial Discrimination Suit for $250K
May 26 2016 // A Williston, N.D.-based oil field service company will pay $250,000 to a worker it fired after he complained of harassment to settle a discrimination and retaliation lawsuit filed by the U.S. Equal Employment Opportunity...
Thousands of Gallons Spilled from California Oil Pipeline
May 25 2016 // Hazardous materials crews are cleaning up as many as 21,000 gallons of oil after a pipeline rupture in Northern California. The San Francisco Chronicle reports that Shell Pipeline Co. officials say a response team is...
Canada’s Oil Sands Facilities Prepare to Restart as Wildfires Begin to Slow
May 25 2016 // All of the Canadian oil-sands facilities that workers fled last week as a wildfire spread are being allowed to prepare for restart as cool, humid weather has helped contain the inferno. Alberta lifted mandatory evacuation...
Report Calls Out Insurers for Half-a-Trillion Dollars in ‘Dirty Energy’ Investments
May 24 2016 // Leading U.S. insurers have nearly half-a-trillion dollars invested the fossil fuel energy and the electric and gas utility sectors, according to a report out today that urges state insurance regulators and board members of...
Louisiana Governor Wants Oil Industry to Pay for Coastal Restoration
May 23 2016 // Gov. John Bel Edwards is pushing to get the oil and natural gas industries to pay for restoring Louisiana’s fragile coast by encouraging them to settle lawsuits alleging they caused extensive damage to coastal...
Insurers Limit Earthquake Exposure in Oklahoma
May 23 2016 // As the number of earthquakes in Oklahoma exploded into the hundreds in the last few years, nearly a dozen insurance companies moved to limit their exposure, often at the expense of homeowners, a Reuters examination has...
Transportation Department Blames Pipeline Company for California Oil Spill
May 20 2016 // Numerous lapses in safety measures, judgment and planning by Plains All American Pipeline LP led to and worsened a major oil spill last year that fouled miles of shoreline and ocean near Santa Barbara, Calif., the U.S....
UT Study Links Recent Texas Quakes to Oil Activity
May 19 2016 // A new study by researchers at the University of Texas at Austin concludes that human activity has been a factor in earthquakes throughout the state for nearly 100 years. The study conclusions are in a paper to be published...
Alberta Wildfires Spread North, Threatening Oil Sands Facilities, Workers’ Camps
May 17 2016 // Wildfires raging across northern Alberta for more than two weeks have come to within a kilometer of an Enbridge Inc. oil-sands transportation terminal as warm weather and wind spread the flames, while workers were...
8 Suits Filed over Crude Oil Spill along Louisiana’s Bayou Teche
May 16 2016 // Eight lawsuits have been filed by people seeking damages from a Texas industrial services company that spilled about 12,500 gallons of crude oil in March along and into the Bayou Teche in Louisiana. The Advocate reports...
XL Catlin Strengthens Global Energy Team with 4 Senior Appointments
May 13 2016 // XL Catlin’s insurance operations announced it has strengthened its energy team globally with four senior hires: Wayne Jacobson, Joseph Tina, Helen Watkinson and Denise Dass-Hewitt. In the Americas, XL Catlin has...
Insurers Limit Exposure as Quakes Increase in Oklahoma
May 13 2016 // As the number of earthquakes in Oklahoma exploded into the hundreds in the last few years, nearly a dozen insurance companies moved to limit their exposure, often at the expense of homeowners, a Reuters examination has...
