Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
BP Oil Spill Claims Chief Braces for Surge in Filings
May 17 2013 // The deadline for claims against BP Plc in connection with the 2010 Gulf of Mexico oil spill is 11 months away, but the man responsible for paying the claims said on Thursday he is already bracing for a late surge in...
Greenhouse Gas Milestone; CO2 Levels Set Record
May 13 2013 // Worldwide levels of the chief greenhouse gas that causes global warming have hit a milestone, reaching an amount never before encountered by humans, federal scientists said. Carbon dioxide was measured at 400 parts per...
Florida Becomes 4th State to Sue BP Over Oil Spill
May 6 2013 // Florida has filed a lawsuit against British oil company BP and cement contractor Halliburton over the Deepwater Horizon oil spill, becoming the fourth state to seek damages for the 2010 disaster. The suit faults BP for not...
Exxon Confirms Oil Spill in Missouri
May 1 2013 // Exxon Mobil confirmed on Wednesday that an oil spill occurred Tuesday on its Pegasus crude pipeline in Ripley County, Missouri, the same line that ruptured thousands of barrels of oil into an Arkansas neighborhood at the...
BP Hit By Wave of Gulf Oil Spill Claims As Deadline Approaches
Apr 30 2013 // BP Plc has been hit by more than 2,200 new lawsuits seeking payback for the 2010 Gulf of Mexico oil spill in the past few weeks as individuals, companies and government bodies rushed to stake their claim before their right...
New York City Sues BP for Pension Losses Over 2010 Gulf Oil Spill
Apr 28 2013 // New York City said on Friday it sued BP Plc for more than $39 million of losses it claims beneficiaries of the city’s pension funds sustained due to BP’s “misconduct and fraudulent behavior” linked...
Halliburton Seeking Settlement Over Gulf Oil Spill
Apr 24 2013 // BP’s cement contractor on the drilling rig that exploded in the Gulf of Mexico in 2010 announced that it is trying to negotiate a settlement over its role in the disaster, a focus of trial testimony that ended last...
Texas-Based Halliburton Posts 1Q Loss on Oil Spill Litigation Charges
Apr 23 2013 // Houston, Texas-based Halliburton says it lost $18 million in the first quarter, pulled down by $637 million in charges related to its role in the 2010 Gulf of Mexico oil spill. But it made money if unusual items are...
Florida Becomes 4th State to Sue BP Over Oil Spill
Apr 22 2013 // The state of Florida filed a lawsuit last Saturday against British oil company BP and cement contractor Halliburton over the Deepwater Horizon oil spill, becoming the fourth U.S. state to seek damages for the 2010...
Halliburton in Talks Over Gulf Oil Spill Settlement, Takes Charge
Apr 22 2013 // Halliburton Co. is in talks to settle private claims against it in a trial to determine how blame should be shared for the 2010 Gulf of Mexico spill, the company said on Monday, and it took a $1 billion pretax charge for a...
Florida Man Guilty of $1.2M BP Oil Spill Claims Fraud
Apr 19 2013 // A South Florida man is facing a potentially lengthy prison sentence after a jury convicted him of attempting to defraud the BP oil spill claims fund out of $1.2 million. A jury on Tuesday convicted 32-year-old Jean Mari...
Report: California Lags in Fracking Regulations
Apr 12 2013 // A new report on hydraulic fracturing (“fracking”) in California warns there are risks of irreversible contamination of surface and groundwater near oil drilling sites unless the technique is carefully monitored...
New Hampshire Jury Finds Exxon Mobil Liable for $236.4M in U.S. Pollution Suit
Apr 9 2013 // A New Hampshire jury on Tuesday found Exxon Mobil Corp liable for $236.4 million in a civil lawsuit that charged the oil company had polluted groundwater in the state with a gasoline additive used to reduce smog in the...
Federal Lawsuit Filed Over Arkansas Oil Spill
Apr 9 2013 // Two women who live near an ExxonMobil pipeline that ruptured and spilled thousands of barrels of oil in central Arkansas filed a federal lawsuit against the company on April 5. The class-action complaint from Kimla Greene...
Ruling Against BP Clears Way for Appeal of Spill Payouts
Apr 5 2013 // A U.S. judge’s ruling Friday against BP Plc means the company can proceed with its appeal of the way a court-appointed administrator apportions payments for claims related to the 2010 Gulf of Mexico oil spill, some...
Feds Send Corrective Order to Exxon After Arkansas Oil Leak
Apr 4 2013 // Federal pipeline safety officials have issued a corrective action order to ExxonMobil Pipeline Co. after one of its pipelines ruptured last week in central Arkansas. The order from the Pipeline and Hazardous Materials...
India Plans Reinsurance Pool to Cover Refiners Handling Iran Oil
Apr 3 2013 // India plans to set up a fund of up to 20 billion rupees ($368.4 million) to back local insurers in offering cover to refiners who process Iranian crude, three government sources said, as sanctions discourage global...
Arkansas Opens Probe into Exxon Oil Spill
Apr 2 2013 // Arkansas on Tuesday launched an investigation into an Exxon Mobil pipeline rupture that spilled thousands of barrels of crude oil into a housing development last week, just as forecast rain was expected to complicate the...
Gulf Oil Spill Claims Czar Seeks Dismissal of BP Suit
Apr 2 2013 // The administrator of BP Plc’s settlement with thousands of people and businesses who sued over the 2010 Gulf of Mexico oil spill urged a federal judge on Monday to end the company’s lawsuit over how he...
Yellowstone Oil Spill-Violations $1.7M Penalty Proposed In Exxon Spill
Mar 27 2013 // Federal pipeline regulators have proposed $1.7 million in penalties against Exxon Mobil Corp. for a pipeline rupture that spewed crude oil into Montana’s Yellowstone River. The U.S. Department of Transportation said...
