Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
California T Ferraris Recalled Over Possible Fuel Leaks
Dec 28 2015 // Ferrari North America Inc. recalled the 2016 California T convertibles it made over a two-month period this year because of the risk of fuel leaks. The California Ts produced between Sept. 8 and Nov. 11 may have a...
Lac Megantic Train Crash Victims’ Fund to Begin Payments without CP Rail
Dec 23 2015 // A C$460 million (US$330.46 million) settlement fund for victims of the 2013 Lac-Megantic crude-by-rail disaster will begin disbursements this week without the participation of Canadian Pacific Railway Ltd [CP], the monitor...
U.S. Spending Bill to End Oil Export Ban
Dec 21 2015 // Congress passed a $1.1 trillion spending measure that averts a U.S. government shutdown and ends a 40- year-old ban on crude oil exports, a plan that ensures fiscal peace in Congress through most of 2016. The Senate passed...
Energy Companies Want Oklahoma Judge to Toss Earthquake Suit
Dec 10 2015 // Two energy companies asked a judge on Dec. 9 to throw out a lawsuit by an Oklahoma woman who claims she was injured in an earthquake caused by the injection of wastewater deep into the ground — a long-used method to...
Liberty Mutual Posts $427 Million Q3 Loss on Venezuela Operations, Energy
Dec 10 2015 // Liberty Mutual Holding Co., the second- largest U.S. property-casualty insurer, posted its worst loss in at least a decade on costs tied to scaling back operations in Venezuela and the declining value of some...
Southern California Spill Spewing Gases of a Half-Million Cars
Dec 7 2015 // Call it the invisible spill. You can’t see it, but it’s there – a steady stream of natural gas seeping out of the pipe casing in a well in Southern California that may spew as much greenhouse gas into the air...
Canopius Group Appoints Lobo as Head of Upstream Oil & Gas Engineering
Dec 7 2015 // Zurich-headquartered Canopius Group AG announced the appointment of Francis Lobo as head of Upstream Oil and Gas Engineering, effective immediately. Lobo will report to Steve Warren, Group Head of Energy & Engineering,...
BP Supervisor Pleads Guilty to Misdemeanor in Deepwater Horizon Oil Spill
Dec 3 2015 // Manslaughter charges were dropped on Wednesday, Dec. 2, against a BP supervisor responsible for safety aboard the rig where an explosion killed 11 workers in 2010, and he pleaded guilty to a misdemeanor charge of violating...
7 Quakes Recorded in Oklahoma on Nov. 30; 1 a Magnitude 4.7
Dec 2 2015 // At least seven earthquakes rattled north-central Oklahoma on Monday, Nov. 30, including one felt 300 miles away in Iowa, prompting concern from local residents and policymakers that the state isn’t doing enough to...
Fossil Fuel Divestments by Insurers & Other Investors Top $3.4 Trillion: Activists
Dec 2 2015 // Insurers, cities and other investors controlling more than $3.4 trillion in assets have pledged to keep some or all of their money out of fossil-fuel companies — a high-water mark for the divestment movement,...
N.Y. Agency Advises Homeowners to Check Heating Oil Tanks to Prevent Leaks
Dec 1 2015 // The New York Department of Environmental Conservation is calling on homeowners who have oil furnaces to inspect their heating oil tanks for leaks that could lead to expensive cleanups. The agency says more than 2 million...
Anadarko’s $160 Million Fine for 2010 Gulf Oil Spill Falls Well Below What U.S. Sought
Nov 30 2015 // Anadarko Petroleum Corp. was ordered to pay almost $160 million for its role as part-owner of the doomed Gulf of Mexico well that in 2010 caused the biggest offshore oil spill in U.S. history. The fine was the last big...
Florida Counties Oppose State Fracking Proposal
Nov 29 2015 // Dozens of Florida cities and counties oppose a plan to give the state control over the oil and gas exploration process known as fracking. The Tallahassee Democrat reported on Nov. 28 that 20 counties and nearly 40 cities...
Penn. Officials Remind Homeowners to Make Safety a Priority This Thanksgiving
Nov 25 2015 // Pennsylvania Fire Commissioner Tim Solobay and Insurance Commissioner Teresa Miller are reminding Pennsylvanians to celebrate Thanksgiving safely. According to the U.S. Fire Administration, the average number of home fires...
Allianz Plans to Sell Coal Holdings in Response to Climate Change Concerns: CIO
Nov 24 2015 // Allianz SE is turning its back on coal as returns evaporate from energy generation that is harmful to the environment. Europe’s largest insurer plans to exit holdings in mining companies and utilities that derive...
Liberty Insurance Must Pay Attorneys’ Fees in Gulf Oil Spill Case
Nov 23 2015 // A federal appeals court has ruled against an insurer in its quest to avoid paying attorneys’ fees in litigation stemming from 2010’s Deepwater Horizon oil spill. The U.S. Court of Appeals for the 5th Circuit in...
Paris Climate Summit Will Seek New Path to Reduce Carbon Emissions
Nov 23 2015 // Next week, in the waning days of what is set to be the hottest year on record, world leaders meet on the outskirts of Paris for a summit that seeks nothing less than to steer the global economy away from its ever-growing...
Oil Company Prevails in Suit Against Insurers over Pipeline Rupture
Nov 16 2015 // An Arkansas federal jury has awarded an oil company nearly $72 million in damages from lost income and expenses stemming from the breach of a pipeline carrying oil from Louisiana to Arkansas. In litigation heard in federal...
Louisiana Parish Drops Wetlands Suits Against Oil, Gas Companies
Nov 15 2015 // A coastal Louisiana parish has voted to drop its lawsuits against oil and gas companies over damages officials had said the oil industry caused to wetlands by digging numerous canals. The Plaquemines Parish council voted...
Railroad Bridge Safety, Inspection System Questioned in Report
Nov 12 2015 // Two environmental groups say they are worried about the safety of railroad bridges because inspection reports generally aren’t public, and railroads take care of their own bridges. The Waterkeeper Alliance and...
