Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Family Sues Oil Company After Fatal Louisiana Tank Explosion
Dec 28 2021 // Relatives of a 14-year-old girl who died when an oil storage tank exploded in February have sued the company that operated the tank. The suit against Urban Oil & Gas Group and its insurer was filed in federal court in...
New Orleans-Based Oil Company Agrees to $475M Settlement over Oil Spill
Dec 27 2021 // A New Orleans-based oil company has agreed to turn over a $432 million cleanup trust fund and pay an additional $43 million to settle a federal lawsuit over cleaning up abandoned wells leaking since 2004, federal...
Grand Jury Charges Oil Company in California Spill
Dec 17 2021 // A Los Angeles federal grand jury charged an oil company and two subsidiaries for an oil spill off the California coast in October. Federal prosecutors said Amplify Energy Corp. in Houston, Texas and its two subsidiaries...
EPA Orders Louisiana Fuel Plant to Clean Up Emissions
Dec 16 2021 // Federal regulators have announced plans to make Louisiana and a suburban New Orleans fuel plant clean up emissions that have violated air quality standards since at least 2013. The Environmental Protection Agency says a...
Safeguards for Leaking California Oil Pipe’s Not Fully Working
Dec 10 2021 // The ruptured offshore pipeline that spilled tens of thousands of gallons of crude oil off the Southern California coast this fall did not have a fully functioning leak detection system at the time, according to a report...
Texas Barge Company to Pay More Than $15 Million Over Oil Spill
Dec 2 2021 // Houston, Texas-based Kirby Inland Marine LP has agreed to pay $15.3 million in damages and assessment costs under the Oil Pollution Act to resolve federal and state claims for injuries to natural resources resulting from...
Michigan Abandons Oil Pipeline Suit, Refocuses on Separate Case
Dec 2 2021 // Michigan Gov. Gretchen Whitmer abandoned a lawsuit Tuesday, Nov. 30 aimed at shutting down an oil pipeline that runs through part of the Great Lakes but said the state would continue pursuing a separate case with the same...
Louisiana Oil Field Tank Batteries Face New Rules After Explosion Kills Girl
Nov 30 2021 // Louisiana regulators have established new rules for oil field tank batteries after an explosion killed a 14-year-old girl, and plan to identify all such storage tanks across the state to encourage compliance. The state...
Activist Group Calls on Insurers to Sue Oil Companies for Climate Damages
Nov 29 2021 // FRANKFURT – A prominent activist is calling on insurers like Swiss Re to explore suing major oil companies for climate-related damages, the latest volley in a years-long campaign that pits environmentalists against the...
Guyana Weighs Raising Requirements for Insurance Cover for Oil Spills: Official
Nov 23 2021 // Guyana is getting ready to raise requirements on oil operators to protect the nation against spills and future removal costs of production platforms, the head of its environmental agency told Reuters. Guyana currently...
Update: Zurich Insurance Will No Longer Underwrite New Oil Exploration Projects
Nov 18 2021 // Zurich Insurance Group will no longer underwrite new greenfield oil exploration projects, Europe’s fifth-largest insurer said on Thursday in an investor day presentation that sought to burnish its green...
California Officials Promising Improved Response After Oil Spill
Nov 16 2021 // California officials on Monday said better communication and detection technologies could improve the state’s response to an oil spill like last month’s crude pipeline leak off the Orange County coast. State...
Canadian Storms Force Shut-Down of Trans Mountain Oil Pipeline
Nov 16 2021 // OTTAWA/CALGARY, Alberta – Canada’s Trans Mountain oil pipeline has been shut down temporarily because of rainstorms pounding parts of the province of British Columbia, the operating company said in a statement on...
COP26 Climate Agreement Targets Fossil Fuels as Key Driver of Global Warming
Nov 15 2021 // GLASGOW – U.N. climate talks ended Saturday with a deal that for the first time targeted fossil fuels as the key driver of global warming, even as coal-reliant countries lobbed last-minute objections. While the agreement...
AXA’s Investment Arm to Divest Oil and Gas Climate Laggards After Three Years
Nov 8 2021 // GLASGOW – The fund arm of French insurer AXA said on Monday it would take a tougher line with oil and gas companies over their environmental impact, selling out of laggards after three years if their emissions-reduction...
Vietnam Negotiates With Iran for Release of Seized Oil Tanker
Nov 5 2021 // HANOI, Vietnam (AP) – Vietnam was seeking more information Thursday about a Vietnamese oil tanker that was seized at gunpoint last month by Iranian soldiers in the Gulf of Oman, while vowing to ensure the safety and...
AXA Tightens Policy for Insuring, Investing in Oil & Gas Ahead of COP26 Summit
Nov 1 2021 // AXA, France’s biggest insurer, said on Friday it would tighten its policy regarding investing in and insuring the oil and gas sector, as pressure builds on finance to help curtail new production. The announcement,...
Climate Protesters Spill 1,000 Liters of Fake Oil Outside Lloyd’s of London
Oct 29 2021 // Climate protesters spilled a 1,000 liters (220 gallons) of fake oil outside Lloyd’s of London Friday, part of a campaign to draw attention to the finance industry’s financing of fossil fuels. The activists were...
Legal Fights over California Oil Spill Likely to Last Years
Oct 13 2021 // It took little more than 48 hours from the moment a major oil spill was discovered off Southern California until the first lawsuit was filed against the Houston company that owns and operates the ruptured pipeline. Finding...
Popular California Beach City Reopens After Massive Oil Spill
Oct 12 2021 // A Southern California beach that was closed more than a week ago because of a leak of crude oil from an undersea pipeline reopened on Monday, far sooner than many expected, City and state beaches in Huntington Beach...
