Latest Oil Gas Headlines

All the headlines from our Oil Gas Topic Page, ordered by recency.

Plaintiffs, BP Urge Judge to Approve $7.8 Billion Oil Spill Settlement

Nov 9 2012 // BP Plc and lawyers representing over 100,000 individuals and businesses claiming economic and medical damages from the 2010 Gulf of Mexico oil spill on Thursday urged a U.S. judge to approve a proposed $7.8 billion...

Election Gamble Backfires for Financial, Energy Firms: Commentary

Nov 7 2012 // “Elections have consequences, and Eric, I won,” President Barack Obama famously told House Republican Whip Eric Cantor shortly after his first inauguration in January 2009. Four years later, Wall Street as well...

Driver of Oil Pipe Truck Charged in Arkansas Death

Nov 5 2012 // The driver of an oil field truck has been charged with negligent homicide for the death of a 95-year-old woman who was killed when she drove into a length of pipe that protruded behind the rig. Authorities on Friday...

BP Oil Spill Trial Delayed Until February

Nov 5 2012 // A federal judge has delayed until February 2013 the start of a massive trial to determine liability from the 2010 Deepwater Horizon oil spill, citing tourist events that will keep New Orleans’ hotels booked. U.S....

Hotel Shortage Means Delay in BP Oil Spill Trial

Nov 5 2012 // A federal judge delayed until February 2013 the start of a massive trial to determine liability from the 2010 Deepwater Horizon oil spill, citing tourist events that will keep New Orleans’ hotels booked. U.S....

Oil Spill Claims Process May Sink Gulf Coast Shrimp Processors

Nov 1 2012 // With looming legal deadlines related to the 2010 BP oil spill, dozens of shrimp processors along the Gulf Coast face a difficult dilemma, with either decision having the potential to jeopardize the future of their...

BP Oil Spill Settlement Unlikely Before Election

Oct 29 2012 // For a president locked in a tough re-election fight, it may look like political gold: a settlement between the U.S. Justice Department and BP Plc over the Gulf of Mexico oil spill that could send billions of dollars to...

Hotel Shortage Means Delay in BP Oil Spill Trial Until February

Oct 26 2012 // A federal judge on Friday delayed until February 2013 the start of a massive trial to determine liability from the 2010 Deepwater Horizon oil spill, citing tourist events that will keep New Orleans’ hotels...

U.S. Trial Set in Chevron Fraud Case Against Ecuador Lawyers

Oct 22 2012 // A U.S. trial has been set for next fall in a Chevron Corp lawsuit that accuses Ecuadorean residents, their lawyers, and advisers of fraud in obtaining a $19 billion pollution award against the U.S. oil company. U.S....

Trial Underway for 4 Accused of Sinking Oil Tanker, Polluting Spain Coast

Oct 19 2012 // Four people went on trial this week for their role in the sinking of an oil tanker in Spain’s northwestern coast in 2002, triggering one of Europe’s biggest environmental catastrophes. The defendants include...

Texas Landowners Take a Rare Stand Against Big Oil

Oct 18 2012 // Oil has long lived in harmony with farmland and cattle across the Texas landscape, a symbiosis nurtured by generations and built on an unspoken honor code that allowed agriculture to thrive while oil was extracted. Proud...

Conservation Groups Sue California Agency Over Fracking

Oct 18 2012 // Conservation groups are suing California’s oil and gas drilling regulators over hydraulic fracturing, charging officials with failing to properly study the practice’s environmental impacts. The lawsuit filed...

Business Groups Sue SEC Over Dodd-Frank Anti-Bribery Rule

Oct 12 2012 // Four business groups on Wednesday filed a lawsuit against the U.S. Securities and Exchange Commission’s new rule requiring oil, mining and gas companies to disclose payments they make to foreign governments. The...

EU Insurers Strip Coverage from Tankers Storing Iranian Oil: Reuters

Oct 12 2012 // Two European insurers have withdrawn cover for tankers involved in the Iranian oil trade, the first such move since tough new sanctions were imposed in July, documents obtained by Reuters show. The tankers, operated by...

BP, Justice Department Close to Oil Spill Settlement: WSJ

Oct 11 2012 // BP PLC and the U.S. Justice Department are close to a broad deal that would release the company from additional civil and criminal liabilities arising out of 2010 Deepwater Horizon disaster, the Wall Street Journal...

Willis Sees Threats on Horizon for Booming Latin American Energy Industry

Oct 10 2012 // “The booming Latin American energy industry is not insulated from the threat of a euro zone collapse or hostilities in the Middle East,” warned global insurance broker Willis. Speaking to a gathering of energy...

Gulf States Pressure Obama Over BP Spill Settlement Funds

Oct 8 2012 // Senators from the U.S. Gulf Coast urged President Barack Obama on Friday to ensure that any legal settlement for the 2010 Gulf of Mexico oil spill does not undermine a recently passed law that would funnel billions of...

Louisiana Senator Blasts BP, Coast Guard Over Spill Cleanup

Oct 8 2012 // Louisiana’s Republican U.S. senator recently blasted oil giant BP PLC for what he called its attempt to run from its full cleanup responsibilities for the nation’s worst offshore spill, the 2010 disaster that...

Colorado Officials Take Sides in Fracking Dispute

Oct 8 2012 // Some 60 mayors and city council members from 17 communities have asked Colorado Gov. John Hickenlooper to have the state drop a lawsuit over fracking that challenges oil and gas drilling rules adopted by the city of...

N.M. Court Rules Against Residents Suing Oil Company

Oct 5 2012 // New Mexico’s Court of Appeals has ruled against a group of current and former Hobbs residents who sued an oil company because of illnesses and other damages. The court on Tuesday upheld a Lea County District Court...