Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
EU Fails to Agree on Exemptions for Iran Oil Transport Insurance
Mar 20 2012 // European Union diplomats on Tuesday postponed a decision on whether to grant any exemptions to insurance provided for Iranian crude shipments when the bloc implements oil sanctions on Iran, an EU diplomat said. Asian oil...
Brazilian Prosecutor to Charge Chevron Cannot Stop Oil Leak
Mar 20 2012 // A Brazilian prosecutor plans to allege this week that U.S. oil company Chevron has no way to stop a leak in an offshore oil field caused by a November drilling accident. Prosecutor Eduardo Santos de Oliveira told Reuters...
BP’s $7.8 Billion Deal May Speed Gulf Spill Payments
Mar 19 2012 // The estimated $7.8 billion deal struck by BP Plc with businesses and individuals suing over the massive 2010 Gulf of Mexico oil spill could speed up payments to thousands of claimants and offers lawyers a potential...
BP Settlement Relieves Feinberg of Duties; New Claims Process to Start
Mar 19 2012 // The man who has paid out billions of dollars to victims of the massive 2010 Gulf of Mexico oil spill has been formally relieved of his duties, and a federal judge has set up a new process to let more people and businesses...
Oil Spill Panel to Issue Drilling Safety Report
Mar 16 2012 // The seven-member commission selected by President Barack Obama to investigate the Gulf oil spill is getting back together. This time, it will press for action to improve drilling safety. The re-formed group said it plans...
EU Foreign Ministers Set Talks on Tanker Insurance for Iran Oil Embargo
Mar 16 2012 // EU foreign ministers are expected to discuss how the bloc’s Iran oil embargo will impact shipping insurance when they hold a scheduled meeting next week, an industry source said on Friday. The ministers are due to...
Debt Ridden India Makes More Claims on Its Insurance Giant
Mar 13 2012 // An Indian government company with more than a quarter of a billion customers has once again dug into its pockets to prop up its financially-strapped owner. Policyholders in the Life Insurance Corporation of India, a...
Florida AG HIres Law Firms to Pursue Gulf Oil Spill Claims
Mar 12 2012 // Attorney General Pam Bondi has hired four law firms to help with Florida’s claims related to the Gulf of Mexico oil spill two years ago. Bondi said the firms will work on a contingency basis, earning 2.5 percent of...
Gulf Oil Spill: Tales of 3 Plaintiffs
Mar 12 2012 // The phone at Joan Strohmeyer’s fishing lodge in Venice, Louisiana, has been ringing steadily since 2010, but not many of the calls are from customers who want to go fishing. Mainly, they are from lawyers who want her...
Lawyers in Gulf Oil Spill Settlement Prepare for Fight Over Fees
Mar 8 2012 // The estimated $7.8 billion settlement reached last week between BP Plc and attorneys for victims of the Gulf of Mexico oil spill left many details unresolved, but at least one thing looks like a sure bet. The lawyers are...
BP Settlement Relieves Feinberg of Duties; New Claims Process to Start
Mar 8 2012 // The man who has paid out billions of dollars to victims of the massive 2010 Gulf of Mexico oil spill has been formally relieved of his duties, and a federal judge has set up a new process to let more people and businesses...
BP Gulf Oil Spill Settlement Includes Medical Claims Process
Mar 6 2012 // A settlement that BP is hammering out with victims of the massive Gulf oil spill finally provides a system for monitoring health concerns and compensating people whose illnesses are found to have a link to the...
Shell Files Pre-Emptive Offshore Drilling Lawsuit
Mar 5 2012 // Shell Oil Co. is taking the offensive against environmental groups that have put legal roadblocks in the company’s path to offshore drilling in the Arctic Ocean. The Houston-based company on Wednesday sued 11 Alaska...
BP’s Potential Pricetag for Gulf Oil Spill
Mar 5 2012 // BP Plc struck a deal on Friday to pay an estimated $7.8 billion to settle claims from individuals and businesses stemming from the 2010 Gulf of Mexico oil spill. But BP and its partners in the ill-fated Macondo well still...
BP’s $7.8 Billion Deal May Speed Gulf Spill Payments
Mar 5 2012 // The estimated $7.8 billion deal struck by BP Plc with businesses and individuals suing over the massive 2010 Gulf of Mexico oil spill could speed up payments to thousands of claimants and offers lawyers a potential...
Judge: BP, Anadarko, Transocean May Be Liable for Oil Pollution Claims
Mar 5 2012 // BP Plc and Anadarko Petroleum Corp. are liable and Transocean Ltd. may be liable for civil damages under federal pollution laws over the catastrophic 2010 Gulf of Mexico oil spill, a U.S. judge ruled. The decision by U.S....
BP Reaches $7.8 Billion Deal Over Gulf of Mexico Oil Spill
Mar 3 2012 // BP Plc has reached an estimated $7.8 billion deal with businesses suing over the massive 2010 Gulf of Mexico oil spill, the company said on Friday, but the oil giant still faces claims by the U.S. government, Gulf states...
Oil Well Control Veteran, Krause, Joins J.H. Blades & Co.
Mar 2 2012 // Brian Krause has joined Houston-based J.H. Blades & Co. Inc., a division of Swett & Crawford. Krause is a veteran in the oil and gas well control and firefighting world. He began his well control career as a...
Japan Refiners Eye Force Majeure Clauses Due to Lack of Insurance
Mar 2 2012 // Japanese buyers of Iran crude may ask Tehran to include a force majeure clause in contracts if they are unable to pay Iran or lift Iranian oil due to lack of insurance cover for tankers under European Union sanctions,...
BP Seeks Settlement with Oil Spill Plaintiffs
Feb 29 2012 // BP Plc is seeking to settle a lawsuit over the massive 2010 Gulf of Mexico oil spill by tapping into a $14 billion fund it set aside to compensate fishermen and businesses harmed by the disaster, lawyers familiar with the...
