Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Montana High Court Rejects Compensation Board’s Lawsuits
Jun 9 2008 // The Montana Supreme Court has upheld a lower court’s rulings against the state Petroleum Tank Release Compensation Board. The board had sued four insurance companies for compensation for more than $2 million in...
International Energy Agency Urges $45 trillion ‘Energy Revolution’ to Halve CO2
Jun 6 2008 // World governments must quickly start a $45 trillion “energy technology revolution” that could drive up the cost of producing carbon ten-fold, or risk emissions surging by 2050, the West’s energy watchdog...
Willis Risk Manager Conference Examines Brazil, China Energy Sector
Jun 4 2008 // Willis recently hosted a conference of senior risk managers from the US oil and gas industry at its inaugural Global Risk Challenge seminar in Houston. They concentrated on finding out more about some of the major...
Insurance Companies Face Global Warming Claims
Jun 2 2008 // Corporations exposed to liability for greenhouse gas emissions The industry is about to enter an era of global warming insurance claims. Scientists have been warning about the impact global warming could have if greenhouse...
Burn Victim Sues Owner of Tennessee Oil Well that Exploded
May 12 2008 // A man who was seriously burned when an Anderson County, Tenn. oil well exploded as he was driving past is suing the company and its owner for $4.5 million, claiming negligence. The well near Oliver Springs, Tenn., ignited...
Strait of Hormuz: The Potential Economic Effects of a Disruption
Apr 25 2008 // A cargo ship contracted by the U.S. military fired on an Iranian vessel in Gulf waters on Friday, raising tension between Washington and Tehran in a region vital to world oil shipments. In January, the United States said...
Willis Energy Chairman Analyzes Hazard Risk Management
Apr 17 2008 // Speaking at the recent World National Oil Companies Congress in London, Phillip Ellis, Chairman of Willis Energy, a division of Willis Group Holdings, presented hazard risk management as a guard against shocks that can...
Update: Tennessee Residents Try to Recover after Oil Well Explosion
Apr 8 2008 // Tennessee resident, Irene Daugherty, is home but still shaken after an oil well explosion just 60 yards from her front door melted the siding on her manufactured home and transformed the landscape into charred stumps and...
Arkansas Truckers Cite Fuel Prices, Park for a Day
Apr 3 2008 // Arkansas truckers parked their rigs on April 1 to have their say in a national protest over high fuel prices that independent operators say is putting them out of business. Dale Burri of Greenbrier, a driver for J.B. Hunt...
Tennessee Fines Oil Well Owner $50K after Fire Forced Evacuations
Mar 31 2008 // The operator of an Anderson County, Tenn. oil well that burned for nearly a week has been cited by the state for five violations and fined $50,000. According to the citation, Dan Potts was drilling too deeply and...
Update: Tennessee Oil Well Fire Doused, Residents Asked to Stay Away
Mar 27 2008 // A nearly week-old oil well fire in Anderson County, Tenn. was extinguished Tuesday, but officials worried about the danger of lingering natural gas vapors asked residents to stay away. A spokeswoman for the Environmental...
Singapore Air Again Grounds A380 for Fuel Pump Fault
Mar 26 2008 // Singapore Airlines said on Wednesday that it had to ground an Airbus A380 on Monday and transfer passengers to two smaller Boeing 747s bound for Sydney, after a fuel pump failed to work. This was the fourth incident in...
Feds Say Tennessee Failed to Give Timely Notice on Oil Well Fire
Mar 24 2008 // A U.S. Environmental Protection Agency official has told Anderson County residents that Tennessee officials did not inform them of an oil well fire in a timely manner. The well near Oliver Springs struck a huge pocket of...
Oil and Gas Extraction Market Holds Solid Potential
Mar 24 2008 // While the oil and gas market can be seen as including pipeline and distribution operations, petroleum and petroleum product wholesalers, fuel oil dealers and even gas stations, the dominant North American Industry...
Oil Well Ignites in Tennessee; Flames Seen for Miles
Mar 20 2008 // Tennessee authorities said at least one person has been burned and residents have been ordered to evacuate after an Anderson County oil well caught fire. Firefighters from several departments were working to put out the...
Alaska Fishing Town Braces for Court Look at Exxon Valdez Spill
Mar 10 2008 // For many in the coastal town of Cordova, Alaska, the 1989 Exxon Valdez disaster was an event so crushing that hard-bitten fishermen still get teary-eyed recalling ruined livelihoods, broken marriages and suicides. But...
Alaska Fishing Town Braces for Court Look at Exxon Valdez Spill
Feb 27 2008 // For many in the coastal town of Cordova, Alaska, the 1989 Exxon Valdez disaster was an event so crushing that hard-bitten fishermen still get teary-eyed recalling ruined livelihoods, broken marriages and suicides. But...
Oil Companies May be Under Insured as Prices Rise, Notes Marsh
Feb 20 2008 // In a bulletin released in advance of Marsh’s National Oil Companies Conference to be held next week, the broker warned that oil companies run the risk of being under insured as world oil prices reach record...
Kan. Jury Sides with Oil Company in Pollution Lawsuit
Jan 9 2008 // Jurors sided with oil giant BP Corp. North America Inc. Monday in a pollution lawsuit filed by the city of Neodesha seeking to recover the costs of cleanup and damages caused by an oil refinery. Jurors hearing the case in...
Environmental Groups sue Shell for Excess Pollution at Texas Refinery
Jan 9 2008 // Environmental groups have sued Shell Oil Co. and several of its affiliates, claiming the oil giant has for years released pollutants from its suburban Houston refinery that are well above state and federal limits. In their...
