Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
US Chamber, Oil Firms Sue Vermont for Making Companies Pay for Climate Damage
Jan 6 2025 // The U.S. Chamber of Commerce and a top oil and gas industry trade group are suing Vermont over its new law requiring that fossil fuel companies pay a share of the damage caused over several decades by climate change. The...
Finland Power Grid Operator Asks Court to Seize Oil Tanker Over Cable Damage
Jan 3 2025 // Finland’s national power grid operator said on Thursday it had asked a Helsinki court to seize the Eagle S oil tanker in a bid to secure the company’s claim for damages related to the breakdown of the undersea...
Biden to Ban More Offshore Oil Drilling Before Trump Arrives
Jan 3 2025 // President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some US coastal waters, locking in difficult-to-revoke protections during his final weeks in the White...
Owner Seeks Release of Oil Tanker Seized in Finland Cable Probe
Jan 2 2025 // The owner of an oil tanker seized by Finland on suspicion of breaking an undersea power line and four telecoms cables in the Baltic Sea last week is seeking the release of the ship, a lawyer representing the company said...
New York to Fine Fossil Fuel Companies $75 Billion Over 25 Years for Climate Damage
Dec 27 2024 // New York state will fine fossil fuel companies a total of $75 billion over the next 25 years to pay for damage caused to the climate under a bill Governor Kathy Hochul signed into law on Thursday. The law is intended to...
G-7 Considers Options to Harden Price Cap on Russian Oil
Dec 20 2024 // Group of Seven nations are exploring ways to toughen the price cap on Russian oil as they seek to better target Moscow’s ability to fund its war against Ukraine, according to people familiar with the matter. Options...
Denmark Warns That Russia May Send Warships to Escort Oil Tankers
Dec 19 2024 // Denmark warned that Russia’s navy may start escorting the so-called shadow fleet tankers through Danish straits to escalate provocations against NATO countries. Threats against Denmark have become “more...
New Jersey Eyes Fees on Oil and Gas Producers for Climate Superfund
Dec 19 2024 // It’s not an accident that “The Sopranos,” the quintessential show about New Jersey, opens with its main character driving past gasoline and oil storage tanks along the New Jersey Turnpike. From the...
UK Targets Russian Oil Trading ‘Lynchpins’ With Sanctions
Dec 18 2024 // The UK announced fresh sanctions targeting alleged “lynchpins” that enable the trade of Russian oil, along with 20 “shadow fleet” vessels. The financial curbs on oil trading firms, 2Rivers DMCC and...
Third Tanker Sends Distress Call as Oil Washes Up on Russia’s Black Sea Coast
Dec 18 2024 // Spilled oil has washed up along “tens of kilometers” of the Russian Black Sea coast after two tankers were badly damaged in a storm at the weekend, a regional official said on Tuesday, and state media said a...
Baltic Sea Countries to Start Checking Insurance Status of Tankers Moving Russian Oil
Dec 17 2024 // Twelve European countries are set to clamp down on tankers that move millions of barrels of Russian petroleum around the world — by asking to see how they’re protected against oil spills and other high-cost claims....
Stricken Oil Tankers Show Risks of Russia’s Aging ‘Shadow Fleet’
Dec 16 2024 // Russian authorities sought to limit the damage on Monday from oil spilled into the Kerch Strait by two aging tankers that were damaged during a heavy weekend storm, highlighting the environmental and insurance risks of...
70,000 Gallons of Oil Spilled in Wisconsin Pipeline Leak
Dec 16 2024 // OAKLAND, Wis. (AP) — Roughly 70,000 gallons (264,978 litres) of oil from a pipeline spilled into the ground in Wisconsin, officials said. The problem was discovered Nov. 11 in Jefferson County, 60 miles (96.5 kilometers)...
Ukraine Identifies Tankers It Says Are in Russia’s Shadow Oil Fleet
Dec 13 2024 // Ukraine identified 238 tankers it said belong to a shadow fleet of ships that Russia is using to keep its oil and fuels moving around the world — with a view to western authorities sanctioning the carriers. The Military...
Shell Settles Lawsuit Against Greenpeace Over Activists Boarding Oil Vessel
Dec 11 2024 // British oil and gas major Shell on Tuesday settled a London lawsuit it brought against environmental group Greenpeace after activists boarded a Shell oil production vessel last year. Greenpeace said it had agreed to pay...
Insurers’ Climate Losses Almost Match Premiums From Fossil Fuels
Dec 10 2024 // Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 billion of direct premiums they underwrote for commercial fossil-fuel clients in 2023, according to Insure Our...
Environmentalists Headed to Court Over Proposed Oil Well in Florida Watershed
Dec 10 2024 // TALLAHASSEE, Fla. (AP) — Environmentalists are heading to court to try to stop a plan to drill for oil in the watershed of a vulnerable north Florida river. The challenge brought by the conservation group Apalachicola...
Tank Containing Oil Drilling Byproducts Explodes Near GM Plant in Michigan
Nov 27 2024 // BRIGHTON Mich. (AP) — A tank containing byproducts from oil drilling operations exploded and caught fire Tuesday near the General Motors Proving Ground in southeastern Michigan, damaging two nearby homes but causing no...
Maine Joins States Suing Big Oil to Recover Costs of Climate Change ‘Deception’
Nov 27 2024 // Maine Attorney General Aaron Frey has filed suit in state court against Exxon, Shell, Chevron, BP, Sunoco, and the American Petroleum Institute for allegedly “deceiving Mainers for decades about the role of their...
Secret Russian Oil Switching Gets New Greek Hotspot After Drills
Nov 25 2024 // The secret switching of Russian fuel cargoes between tankers at sea has migrated to new hotspots off the coast of Greece after the European country used naval drills to try and block the activity in one location. About 1...
