Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Tropical Storm Debby Drenches Florida
Jun 26 2012 // Tropical Storm Debby whipped Florida with bands of drenching rain Monday while its center was nearly stationary in the Gulf of Mexico. Its slow progress meant the most pressing threat from the storm was flooding, not...
Main Points of Agreement from Rio+20 Summit Show Little Progress
Jun 25 2012 // Global leaders on Friday wrapped up a United Nations development summit with little to show but a lackluster agreement, as critics scorned governments for showing no urgency to tackle climate change as well as food and...
Much of Kalamazoo River to Open, 2 Years After Spill
Jun 25 2012 // Nearly all of the Kalamazoo River is being reopened for recreational use and the cleanup of a massive oil spill nearly two years ago is in its final stages, federal, state and local officials announced on June...
Storm Threat Prompts Oil Companies to Evacuate Some Gulf Staff
Jun 22 2012 // Energy companies began evacuating non-essential personnel from operations in Gulf of Mexico on Friday due to the threat of a weather system in the region developing into a tropical cyclone. Anadarko Petroleum Corp. and...
Oil Market Shrugs at Imminent Iran Tanker Insurance Ban
Jun 18 2012 // In less than two weeks, Iran’s biggest oil buyers will lose access to the London-based insurance market that protects 95 percent of the world’s tanker shipments against oil spills or catastrophic...
New Gulf Oil Spill Claims Process to Begin
Jun 18 2012 // Thousands of victims of BP’s 2010 Gulf oil spill will participate in a new process for economic-loss and medical claims associated with the accident. The Deepwater Horizon Claims Center, run by court-appointed...
The Next New Thing
Jun 18 2012 // Coverage Issues from Fracking Claims Every few years there are predictions of a new type of claim that threatens to engulf carriers. In the 1980s and 1990s it was environmental clean up claims and SuperFund, followed...
New Gulf Oil Spill Claims Process Begins
Jun 18 2012 // Thousands of victims of BP’s 2010 Gulf oil spill can participate in a new process for economic-loss and medical claims from the accident. The Deepwater Horizon Claims Center, run by court-appointed administrator...
Ex-BP Engineer Faces Feb. Trial Tied to Oil Spill
Jun 15 2012 // A former BP Plc engineer who is the first individual to face criminal charges related to the 2010 Gulf of Mexico oil spill has been scheduled to face a jury trial on Feb. 25, a U.S. federal judge decided. Kurt Mix, the...
Report: Japan to Pass Bill to Insure Iran Oil Imports
Jun 14 2012 // Japan’s lower house is set to pass a bill on Friday to provide government guarantees on insurance for Iranian crude cargoes, making it the first of Iran’s big Asian buyers to find a way to keep the oil flowing...
Iran’s Oil Exports Plummet as Sanctions Bite Says IEA
Jun 13 2012 // Iran’s oil exports have fallen by an estimated 40 percent since the start of the year as Western sanctions tear into the country’s vital oil industry, the International Energy Agency said on Wednesday. The...
Iran Tanker Firm Says it Insured Ships Despite Sanctions
Jun 13 2012 // Iran’s biggest tanker operator, NITC, has $1 billion in ship insurance cover to keep its fleet on the water and serve clients in Asia despite Western sanctions on the Islamic Republic’s oil trade, a senior NITC...
Costner Downplays Baldwin’s Role in BP Deal
Jun 12 2012 // Kevin Costner has testified he never saw actor Stephen Baldwin contribute anything to their company’s efforts to sell oil cleanup devices to BP in the aftermath of the 2010 spill in the Gulf of Mexico. Baldwin and...
U.S. Exempts India, Other Countries, Not China, from Iran Sanctions
Jun 12 2012 // The United States extended exemptions from its tough, new sanctions on Iran’s oil trade to seven more economies on Monday, leaving China the last remaining major importer exposed to possible penalties at the end of...
Iowa Landfill Blaze Produces Diesel-Like Byproduct
Jun 8 2012 // A days-long fire at the Iowa City Landfill has created a combustible substance that officials are sending to western Nebraska for incineration. The Iowa City Press-Citizen said that the pyrolytic oil is a byproduct of the...
U.S. to Issue More Waivers on Iran Sanctions Next Week
Jun 8 2012 // The United States will announce a new list of countries that will receive exceptions to financial sanctions on oil trade with Iran as soon as early next week, a government official said on Thursday. Not all of Iran’s...
New Gulf Oil Spill Claims Process to Begin
Jun 6 2012 // Thousands of victims of BP’s 2010 Gulf oil spill will participate in a new process for economic-loss and medical claims associated with the accident. The Deepwater Horizon Claims Center, run by court-appointed...
Trial Opens in Louisiana for Suit Against Costner Over BP Deal
Jun 5 2012 // Jury selection began June 4 in a legal fight between two Hollywood stars over investments in a device used to try to clean up BP’s 2010 oil spill in the Gulf of Mexico. In his lawsuit, actor Stephen Baldwin claims...
Gulf Fishermen Reel From Seafood Troubles
May 25 2012 // Gloom infects the hard-working shrimp and crab docks of this gritty fishing town as the second full year of fishing since BP’s catastrophic oil spill kicks into high gear. Usually folks are upbeat and busy in May,...
