Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Judge: BP not Required to Pay Moratorium-Related Oil Industry Losses
Mar 14 2016 // A federal judge in Louisiana ruled that BP does not have to pay for economic losses other businesses suffered when the federal government shut down deep-water drilling in the wake of BP’s catastrophic 2010 oil spill...
Federal Judge Rules BP Absolved from U.S. Lawsuits Over Drilling Ban
Mar 11 2016 // BP Plc does not have to face U.S. lawsuits by energy and drilling companies over losses they suffered from an offshore drilling ban imposed soon after the 2010 Gulf of Mexico oil spill, a federal judge ruled. U.S. District...
Oklahoma Bill Would Confirm Oil & Gas Regulators’ Authority
Mar 10 2016 // A proposal that would confirm state regulators’ authority to bind companies to their directives has passed the state House and heads to the Senate. The state House of Representatives passed the bill that would...
New Mexico Court Revives Neighborhood Oil Contamination Case
Mar 7 2016 // More than 200 current and former residents who claim decades of oil and gas operations led to contamination that spurred a rash of illnesses in their southeastern New Mexico neighborhood will be able to pursue their case...
California’s Porter Ranch Blowout Highlights Evacuation Risk
Mar 7 2016 // Editor’s note: This is part two of a three-part series on the oil and gas industry. The first article covered the important changes that occurred in 2015 and the significance of the Porter Ranch, Calif., blowout that...
Suit Alleges Texas Lawyers Bankrolled BP Oil-Spill Scam
Mar 4 2016 // Two high-profile Texas attorneys were sued by a fishing boat captain who said they were involved in a scam to cheat BP Plc out of millions of dollars with false compensation claims for the Gulf of Mexico oil...
Louisiana Flood Board Appeals Dismissal of Suit Against Oil Companies
Mar 2 2016 // A lawyer for a flood protection agency tried on Feb. 29 to revive a closely-watched lawsuit alleging oil and natural gas companies are responsible for destroying Louisiana’s coast, telling an appeals court that a...
Iran Still Faces Curbs on Oil Exports from Ongoing Insurance Issues: Oil Official
Mar 2 2016 // Iran still faces constraints on oil exports as buyers are cautious about boosting trade immediately because of banking and ship insurance difficulties, a senior Iranian oil official said, despite seeing a...
Iran Oil Shipping Insurance Issues Will Take 2-3 Months to Resolve: Tanker Firm
Mar 1 2016 // Frontline, one of the world’s largest independent tanker firms, says securing insurance for cargoes carrying oil from Iran is likely to take another two to three months, potentially limiting Iran’s ability to...
U.S. Regulator Treads Lightly on Railroads Over Hazmat Violations: Report
Mar 1 2016 // Federal regulators are failing to refer serious safety violations involving freight rail shipments of crude oil and other hazardous cargo for criminal prosecution, and are going lightly on civil fines, according to a...
Thawing Arctic Ice Creates New Environmental Risks as Shipping Routes Open
Feb 25 2016 // The Arctic is thawing even faster than lawmakers can formulate new rules to prevent the environmental threat of heavy fuel oil pollution from ships plying an increasingly popular trade route. Average Arctic temperatures...
Louisiana Court Rules Flood Board Can Hire Outside Lawyers for Oil Suit
Feb 22 2016 // A south Louisiana flood board has won a legal round in its fight against oil and gas companies over coastal wetland damage. A state appeal court ruled last week that the Southeast Louisiana Flood Protection Authority-East...
Oklahoma Agency Calls for Cuts in Wastewater Well Volumes to Stem Quakes
Feb 18 2016 // The Oklahoma Corporation Commission (OCC), which regulates oil and gas production activity in the state, has come up with a volume reduction plan for oil and gas disposal wells in response to the surge in earthquakes in...
New North Dakota Oil and Gas Rules Would Require Pipeline Bonds
Feb 17 2016 // North Dakota regulators are proposing new rules aimed at the oil industry. A slate of proposed rules were unveiled on Feb. 16, including a requirement that would require bonding for all crude and saltwater...
Sierra Club Lawsuit Claims Fracking Contributing to Oklahoma Earthquakes
Feb 16 2016 // Sierra Club weighed into the controversy over fracking and increased earthquake risk with a lawsuit accusing a Chesapeake Energy Corp. unit, Devon Energy Production Co. and New Dominion LLC of triggering tremors in...
5.1M Quake Among Latest Swarm of Temblors in Oklahoma
Feb 16 2016 // A 5.1 magnitude earthquake shook northwest Oklahoma and was felt in seven other states on Feb. 13, the U.S. Geological Survey said, the third-strongest temblor ever recorded in the state where the power and frequency of...
New York-Based Insurer Says U.S. Has Lifted Sanctions for Iranian Oil Cargoes
Feb 12 2016 // A U.S.-based insurer to the global shipping industry said it got government authorization to cover non-American companies transporting oil from Iran, potentially helping the Persian Gulf country to revive exports of crude...
Energy Insurers Become Latest Casualty of Oil Slump as Projects Are Postponed
Feb 11 2016 // The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects forcing down premium rates and income in a market that was already crowded. Insurers...
Insurance Agency Growth, Profits Slipped in 2015 on Oil Bust, Soft Market: Reagan
Feb 9 2016 // Insurance agency and brokerage organic revenue growth slowed to 4.6 percent for 2015, according to the latest Reagan Consulting Organic Growth and Profitability (OGP) survey. That was down from the organic growth of 6.2...
California Commissioner Explains Call for Insurer Divestment from Coal
Feb 4 2016 // One can say California Insurance Commissioner Dave Jones has a beef with coal. Jones made a bold move on Jan. 25 when he asked all insurance companies doing business in California to voluntarily divest from their...
