Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Reuters – Oil Traders to Cut Russia Oil Purchases to Avoid Falling Foul of EU Sanctions
Apr 14 2022 // Major global trading houses are planning to reduce crude and fuel purchases from Russia’s state-controlled oil companies as early as May 15, sources said, to avoid falling foul of European Union sanctions on...
Baltimore Gains State Court Edge It Sought in Climate Change Suit Against Big Oil
Apr 8 2022 // Big oil firms totally failed to make a federal case in their defense of a lawsuit seeking to hold them accountable for damages caused by climate change. The city of Baltimore won its fight to have its climate change...
Qatar Airways Says A350 Surface Flaws Cause Risk of Fuel Tanks Igniting
Mar 31 2022 // Qatar Airways says surface flaws on Airbus SE’s A350 jets cause a risk of the fuel tanks igniting, bolstering its contention that safety is at stake in its acrimonious legal dispute with the planemaker. In documents...
Russian Agents Charged with Targeting U.S. Nuclear Plant, Saudi Oil Refinery
Mar 25 2022 // U.S. and British officials on Thursday accused the Russian government of running a years-long campaign to hack into critical infrastructure, including an American nuclear plant and a Saudi oil refinery. The announcement...
Norway’s Equinor Shuts Oil Platform as Precaution After Earthquake in North Sea
Mar 21 2022 // Norway’s Equinor has shut its Snorre B oil platform as a precautionary measure following an earthquake in the North Sea, although no damage has been reported so far, the company said on Monday. It was not yet clear...
Swiss Re to Reduce Cover for Oil, Gas Operations
Mar 18 2022 // Swiss Re, the world’s second biggest reinsurer, said it would increase the number of oil and gas producers for which it refuses cover, following mounting pressure on big business to help the drive to curb a global...
Colorado Oil Regulator Rejects Plan to Drill Near Homes
Mar 15 2022 // The state of Colorado’s oil regulator this week rejected a request by Occidental Petroleum Corp. to drill new oil and gas wells roughly 800 feet away from homes, in a test of a new rule that sets a wide berth between...
Texas Oil Pipeline Billionaire Sues Beto O’Rourke For Defamation
Mar 9 2022 // A Texas oil pipeline billionaire is suing Beto O’Rourke for defamation after the Democrat criticized his $1 million donation to Republican Gov. Greg Abbott’s campaign following last year’s deadly winter...
Environmental Groups Sue TotalEnergies Over Climate Marketing Claims
Mar 7 2022 // A group of environmental organizations has filed a lawsuit in France against the country’s largest energy company TotalEnergies, accusing it of misleading consumers about its efforts to fight climate change. The...
Sept. 11 Victims Seek Seizure of Iran Oil From U.S.-Owned Tanker
Mar 4 2022 // Victims of the Sept. 11, 2001, attacks asked a U.S. judge to order the seizure of Iranian crude oil from a tanker owned by an American private equity firm, to help satisfy a $3.61 billion judgment against Iran over the...
Report: Nearly a Third of U.S. Hazardous Chemicals Facilities Exposed to Climate Change Dangers
Mar 3 2022 // A report from the Intergovernmental Panel on Climate Change stating that climate change is leading to increasingly irreversible impacts, with a narrowing window to adapt to it, is garnering a lot of reaction. The IPCC...
U.S. Senators Grill Regulators Over Climate Policy on Natural Gas Projects
Mar 3 2022 // Top U.S. senators from both parties on Thursday grilled Democratic energy regulators who recently approved guidelines for approving new natural gas projects that allow consideration of environmental justice, landowner and...
Oil Company Sues Over California Underwater Pipeline Leak
Mar 2 2022 // A Houston-based oil company on Feb. 28 sued two container ship operators and an organization that helps oversee marine traffic, saying they failed to prevent last fall’s underwater pipeline leak off the Southern...
Aging Oil-Storage Ships Pose Safety, Environmental Risks Around the World
Feb 23 2022 // The decades-old, oil-storage ship that blew up off the coast of Nigeria recently — killing some of its crew and spewing its contents into the Atlantic Ocean — is one of many vessels of similar vintage dotted...
Climate Change Could Push Flood Losses in U.S. to $40B by 2050
Feb 17 2022 // Climate change could result in the financial toll of flooding rising by more than a quarter in the U.S. by 2050, according to new research. The research, led by the University of Bristol and published in Nature Climate...
Gasoline Tanker Crashing Into Long Island Building Causes Major Blaze, Fuel Spill
Feb 17 2022 // ROCKVILLE CENTRE, N.Y. — A tanker carrying 9,200 gallons (34,825 liters) of gasoline overturned, crashed into a vacant building and burst into flames on Long Island early Wednesday, shutting down traffic for hours and...
French Insurer CNP to Stop Financing New Oil/Gas Projects to Help Limit Global Warming
Feb 17 2022 // France’s CNP Assurances CNPP.PA will no longer finance new oil and gas projects or invest more money in companies planning to do so, joining the growing ranks of insurers taking a more pro-active approach to tackling...
SEC Fines Iowa Insurance Agent $112,000 For Oil, Gas Investments
Feb 11 2022 // The U.S. Securities and Exchange Commission has fined a Bettendorf, Iowa insurance agent nearly $112,000 for selling unregistered securities tied to oil wells in Texas. The agency said in filings that Cody Christopher...
Earthquakes in Texas Doubled in 2021. Scientists Cite Years of Oil Companies Injecting Sludgy Water Underground.
Feb 9 2022 // MIDLAND — One local said it sounded like a pickup truck had rammed into the side of their house. Another said it sounded like the air conditioner fell off the roof. A third compared the experience to getting off of a...
Oil Production Vessel Explodes Off Coast of Nigeria
Feb 3 2022 // An oil production ship exploded off the coast of Nigeria in what may prove to be the nation’s second major environmental setback in three months. The Trinity Spirit, able to store about 2 million barrels of oil, blew...
