Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Many Hostages in Gas Plant Siege Unaccounted for; New Terrorist Threats
Jan 18 2013 // At least 22 foreign hostages were unaccounted for on Friday and their al-Qaeda-linked captors threatened to attack other energy installations after Algerian forces stormed a desert gas complex to free hundreds of captives,...
BP Oil Spill Settlement Payments Exceed $1B Mark
Jan 15 2013 // Businesses and individuals who claim BP’s oil spill in the Gulf of Mexico cost them money have been paid more than $1 billion through the company’s class action settlement with a team of private...
Sources Say Iran Charters Oil Tanker with Indian Insurance
Jan 15 2013 // A loophole in an Indian insurance scheme has allowed Iran’s state-run tanker company NITC to bolster oil exports by chartering a vessel insured by India’s state-run firms, industry and shipping sources said on...
Philadelphia Launches Coverage for Fuel Dealers
Jan 14 2013 // Philadelphia Insurance Cos. (PHLY), a property/casualty and professional liability insurance company for niche markets, is now offering insurance coverage specifically designed to protect fuel dealers. Several types of...
Yellowstone Oil Spill: Feds Say Delay Made Oil Spill Worse
Jan 4 2013 // Delays in Exxon Mobil Corp.’s response to a major pipeline break beneath Montana’s Yellowstone River made an oil spill far worse than it otherwise would have been, federal regulators said in a new report. The...
Transocean to Pay $1.4B to Settle Over BP Oil Spill
Jan 4 2013 // Transocean Ltd. agreed to pay $1.4 billion to settle U.S. government charges over BP Plc’s massive Gulf of Mexico oil spill in 2010 and the rig contractor admitted that its crew on the Deepwater Horizon was partly...
Transocean to Pay $1.4 Billion to Settle Charges from BP Oil Spill
Jan 4 2013 // Transocean Ltd agreed to pay $1.4 billion to settle U.S. government charges over BP Plc’s massive Gulf of Mexico oil spill in 2010 and the rig contractor admitted that its crew on the Deepwater Horizon was partly...
No Leak Seen At Stranded Oil Drill Ship in Arctic
Jan 3 2013 // No leak has been seen from a Shell oil drilling ship that grounded off an Alaska island during a storm, officials said, as opponents criticized the growing race to explore the Arctic for energy resources. Federal on-scene...
Long-Awaited New Hampshire Pollution Trial Ready to Start
Dec 31 2012 // Nearly a decade after it was first brought, a lawsuit accusing two oil giants of widespread groundwater contamination in New Hampshire is expected to present jurors with the most complex and time-consuming trial in state...
Judge Approves $7.8 Billion Settlement in BP Class Action Suit
Dec 26 2012 // A U.S. judge last Friday gave final approval to BP Plc’s settlement with individuals and businesses who lost money and property in the 2010 Gulf of Mexico oil spill. The order only addressed the settlement of...
Workplace Deaths Rise In North Dakota Oil Patch
Dec 26 2012 // North Dakota’s workers’ compensation agency is offering safety training to companies in the state’s booming oil patch, an effort to decrease job-related deaths and injuries happening most often to...
Montana Lawmakers Want Pipeline Study Finished
Dec 26 2012 // Two U.S. senators from Montana are urging federal safety regulators to wrap up a yearlong study into whether oil spills into rivers, lakes and other water bodies across the U.S. have resulted from inadequately buried...
Conocophillips Reaches Deals Over Alaska Spills
Dec 20 2012 // ConocoPhillips has agreed to federal and state civil penalties of about $200,000 for spills of crude oil and contaminated water from corroded pipe in Alaska’s Kuparuk Oil Field in 2006 and 2007. ConocoPhillips Alaska...
Louisiana Levies More Fines Against Texas Brine over Sinkhole
Dec 19 2012 // The Louisiana Office of Conservation has levied an additional $160,000 fine against Texas Brine Co. LLC. over a massive sinkhole. Commissioner James Welsh said the fine levied Dec. 17 is for continued failure to comply...
States Plan to Sue EPA Over Greenhouse Gas Regulations
Dec 12 2012 // A coalition of seven eastern states led by New York plans to sue the U.S. Environmental Protection Agency for failing to issue new guidelines to curb methane emissions, a greenhouse gas that may be linked to climate...
Gas Marketers Sue To Block Wyoming School’s Fuel Sales
Dec 11 2012 // Petroleum retailers are suing a western Wyoming school district for selling compressed natural gas as fuel. The Colorado Wyoming Petroleum Marketers Association argues that Sublette County School District 1 in Pinedale is...
SEC Charges Oil CEO in Insider Trading With Colorado Insurance Exec
Nov 28 2012 // The Securities and Exchange Commission on Wednesday announced charges against the former CEO of a Denver, Colo.-based oil-and-gas company at the center of an insider trading scheme involving a Colorado insurance executive...
BP to Pay $4.5 Billion to U.S. for Gulf Oil Spill
Nov 15 2012 // BP Plc will pay $4.5 billion in penalties and plead guilty to felony misconduct in the Deepwater Horizon disaster that caused the worst offshore oil spill in the country’s history, the company said on Thursday. The...
Iran Oil Liability Fears Grow as Insurance Ban Bites
Nov 15 2012 // A ban on European Union insurers covering Iranian oil exports has forced ship owners to fall back on new, untested insurance providers, raising fears that governments may have to pay in the event of an oil spill. The July...
Alabama Groups Share $8 Million in BP Oil Spill Funds
Nov 12 2012 // Nearly two dozen groups in Alabama will share more than $8 million in oil spill funds to promote Gulf Coast tourism and seafood. The administrator of the claims process for the 2010 oil spill, Patrick Juneau, announced the...