Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Firm Issued Fake Insurance for Russian Oil Tankers, Norway’s Regulator Says
Apr 2 2025 // The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was bogus, according to Norwegian authorities now investigating the small firm behind the forged...
West Texas Lawmakers Want to Divert Oil and Gas Taxes to Address Oil Patch Repairs
Mar 27 2025 // The fracking boom that resuscitated the Texas oil fields has also beaten up the infrastructure in the Permian Basin, the state’s biggest oil and gas drilling region. More heavy trucks drove through small towns,...
Greenpeace to Pay $660 Million in Damages to Texas Oil Firm
Mar 20 2025 // Greenpeace has been ordered to pay more than $660 million in damages to Energy Transfer Partners LP after the Texas-based oil company accused the environmental group of defamation in connection with protests against an oil...
Transportation Firm Faces Fines, Remediation Costs for Connecticut Oil Tanker Spill
Mar 20 2025 // Soundview Transportation faces a series of penalties and payments totaling $350,000 over a November 2022 oil tanker accident in Norfolk, Connnecticut, announced state Attorney General William Tong. In addition to the...
Four Sailors Involved in Major Singapore Oil Spill Plead Guilty, Straits Times Reports
Mar 14 2025 // Four Dutch crew members involved in a ship collision in Singapore have pleaded guilty for their role in the city-state’s worst oil spill in a decade, the Straits Times reported Wednesday. Richard Ouwehand, Martin...
China State Firms Curb Russian Oil Imports on Sanctions Risks, Sources Say
Mar 14 2025 // Chinese state oil companies are shying away from Russian oil this month, with two importers halting purchases while two others scaled back volumes as they assess compliance following recent U.S. sanctions on Moscow,...
Stricken Oil Tanker in North Sea Smolders With Hole in Side
Mar 11 2025 // A US oil tanker that was struck by a container ship in the North Sea on Monday was smoldering with a gaping hole in its side, footage broadcast by BBC News showed. Focus is now shifting to the environmental impact of the...
Supreme Court Nixes Challenge to State Climate Suits Against Oil Firms
Mar 10 2025 // The U.S. Supreme Court rejected on Monday a bid by 19 Republican-led states led by Alabama to block five Democratic-led states from pursuing lawsuits accusing major oil companies of deceiving the public about the role...
Critical Fire Conditions to Grip Texas’ Oil-Rich Permian Basin
Mar 3 2025 // Critical to extreme fire conditions are expected to affect more than 2.7 million people across the Southwest, lower Great Plains and Texas, including the oil-rich Permian Basin. A large low-pressure system is forecast to...
Energy Transfer Fuel Leak in Pennsylvania Lasted 16 Months, PHMSA Says
Feb 28 2025 // A pipeline operated by Energy Transfer LP leaked jet fuel for at least 16 months, contaminating residential water wells in Pennsylvania, and the conduit may be at risk for further incidents, according to a preliminary...
Oil Tankers Rocked by Mystery Blasts After Trips to Russia
Feb 20 2025 // At least four oil tankers have been hit with explosions so far this year — all of them having visited Russia’s territorial waters in the weeks prior to the blasts happening. Nobody has claimed responsibility for...
India Is Building a Sanctions-Proof Supply Chain for Russian Oil
Feb 13 2025 // Oil refiners in India — eager to keep importing cheap crude from Russia — are working with merchants, shippers and other middlemen to rebuild supply chains as tougher US sanctions come into effect. Speaking on the...
Delay in Federal Permits Hinders Texas Oil Companies’ Carbon Capture Projects
Feb 11 2025 // Texas oil companies and regulators have waited years for federal permits that would allow those companies to suck carbon dioxide — the largest contributor to climate change — from the atmosphere and inject it...
Russia Emergency Services Work to Prevent Pacific Oil Spill
Feb 11 2025 // An emergency response team in Russia’s Pacific port of Nevelsk is preparing to pump out fuel from a Chinese bulk carrier that ran aground over the weekend, according to regional authorities. “So far, weather...
Oil Executives Call for Cautious Return to Red Sea Navigation
Feb 10 2025 // Oil executives called on Thursday [Feb. 6] for a return to navigation through the Red Sea en route to the Suez Canal following a halt in attacks by Iran-backed Houthi rebels, but said firms were cautiously monitoring...
Russia Faces Impending Oil Tanker Crisis as Sanctions Pile Up: Bloomberg Oil Strategist
Feb 7 2025 // Russia appears to be on the cusp of a debilitating oil-freight transportation problem because of US sanctions, writes Bloomberg oil strategist Julian Lee. On Jan. 10, the US Treasury sanctioned 161 oil tankers for their...
Oil Tanker Attacked Last Year Crosses Red Sea as Houthi Ceasefire Holds
Feb 4 2025 // Liberian-flagged crude oil tanker Chrysalis, which was attacked by Yemen’s Houthis last year, sailed through the Red Sea this week, the Suez Canal said on Monday, in one of the first voyages since the militia...
India Widens Approvals for Russian Insurers After Oil Sanctions
Jan 23 2025 // India widened backing for Russian insurers as the largest buyer of Moscow’s seaborne crude strives to keep discounted barrels flowing, after the US imposed fresh sanctions earlier this month. As well as extending...
Tanker Under US Sanctions Discharges Oil at Chinese Port: LSEG Data
Jan 17 2025 // A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China, shipping data on LSEG Eikon showed on Thursday. The tanker is the first since last week’s...
Actuary Group Forecasts Climate Change to Have Massive GDP Hit Without Policy Action
Jan 17 2025 // Here’s stark warning in a new report from a group of actuaries: the global economy could face a 50% loss in GDP between 2070 and 2090. That is if immediate policy actions on risks posed by climate change are not...
