Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Liberty Insurance Must Pay Attorneys’ Fees in Gulf Oil Spill Case
Nov 23 2015 // A federal appeals court has ruled against an insurer in its quest to avoid paying attorneys’ fees in litigation stemming from 2010’s Deepwater Horizon oil spill. The U.S. Court of Appeals for the 5th Circuit in...
Paris Climate Summit Will Seek New Path to Reduce Carbon Emissions
Nov 23 2015 // Next week, in the waning days of what is set to be the hottest year on record, world leaders meet on the outskirts of Paris for a summit that seeks nothing less than to steer the global economy away from its ever-growing...
Oil Company Prevails in Suit Against Insurers over Pipeline Rupture
Nov 16 2015 // An Arkansas federal jury has awarded an oil company nearly $72 million in damages from lost income and expenses stemming from the breach of a pipeline carrying oil from Louisiana to Arkansas. In litigation heard in federal...
Louisiana Parish Drops Wetlands Suits Against Oil, Gas Companies
Nov 15 2015 // A coastal Louisiana parish has voted to drop its lawsuits against oil and gas companies over damages officials had said the oil industry caused to wetlands by digging numerous canals. The Plaquemines Parish council voted...
Railroad Bridge Safety, Inspection System Questioned in Report
Nov 12 2015 // Two environmental groups say they are worried about the safety of railroad bridges because inspection reports generally aren’t public, and railroads take care of their own bridges. The Waterkeeper Alliance and...
Insurance and Safety Issues Delay Iran’s Entry into Global Oil Tanker Market
Nov 12 2015 // Even after Western sanctions are lifted, Iran’s oil tanker fleet is expected to face more hurdles before many of the vessels can start trading again due to insurance hiccups and tougher requirements over sea...
2 Train Derailments in 2 Days in Wisconsin; Ethanol, Crude Oil Spilled
Nov 10 2015 // A Canadian Pacific Railway train carrying crude oil derailed on Nov. 9 prompting some evacuations in Wisconsin, the second day in a row a freight train derailed in the state. The eastbound CP train derailed about 2 p.m. in...
Oil Company Prevails in Suit Against Insurers over Pipeline Rupture
Nov 5 2015 // An Arkansas federal jury has awarded an oil company nearly $72 million in damages from lost income and expenses stemming from a 2012 breach of a pipeline carrying oil from Louisiana to Arkansas. In litigation heard in...
Kansas Extends Wastewater Injection Limits Until at Least Mid-March
Nov 2 2015 // Oil and gas industry restrictions meant to decrease the frequency and intensity of earthquakes in south-central Kansas will remain in place until at least March 2016, state regulators have decided. The Kansas Corporation...
Safety Experts: Oklahoma Quakes a National Security Threat
Oct 26 2015 // In the months after Sept. 11, 2001, as U.S. security officials assessed the top targets for potential terrorist attacks, the small town of Cushing, Okla., received special attention. Even though it is home to fewer than...
Study: Larger Oklahoma Quakes Caused by Industrial Activity
Oct 23 2015 // A sharp rise in earthquakes in Oklahoma in the past 100 years is likely the result of industrial activities in the energy-rich state, such as oil and natural gas production, a new study suggests. The paper by the U.S....
10 Oil & Gas Bosses Seek to Improve Image Before Climate Change Summit
Oct 16 2015 // Oil and gas industry bosses called for an “effective” agreement at the United Nations climate change summit in December, recognizing that current greenhouse gas emissions were inconsistent with the goal of...
Oklahoma Oil Company Disputing Required Reduction in Disposal Well Volumes
Oct 15 2015 // A Tulsa oil company has agreed to a technical meeting with Oklahoma regulators after challenging their response to earthquakes and saltwater disposal wells. The Oklahoman reports Marjo Operating Co. Inc. and staff for the...
U.S. and Alaska Won’t Seek Another $92M From Exxon For Spill Decades Ago
Oct 15 2015 // U.S. and Alaska state officials announced on Wednesday they will no longer seek an additional $92 million from Exxon Mobil Corp. to pay for environmental cleanup and restoration stemming from the massive Exxon Valdez oil...
BP to Pay Louisiana $58M for Legal Fees, Oil Spill Litigation Cost
Oct 14 2015 // BP will reimburse $58.25 million to the Louisiana Attorney General’s Office for its expenses, fees and litigation costs tied to the 2010 Deepwater Horizon disaster in the Gulf of Mexico. The Advocate reports money...
U.S. Says CSX Missed Rail Defect Blamed For Oil Train Derailment
Oct 13 2015 // A fiery oil train derailment that forced the evacuation of hundreds of people in West Virginia last February was caused by a rail defect that railroad inspectors from CSX Corp. missed twice in the preceding months, U.S....
U.S. Bankruptcy Judge Approves Quebec Oil Train Crash Settlement
Oct 12 2015 // A U.S. bankruptcy judge on Friday approved a settlement that clears the way for payments to victims of Canada’s Lac-Megantic crude-by-rail derailment, according to the trustee for the insolvent railway at the heart...
California Wants Half Its Power from Renewable Energy by 2030
Oct 9 2015 // Gov. Jerry Brown dramatically increased California’s climate-change goals, committing the state to use renewable energy for half its electricity and make existing buildings twice as energy-efficient in just 15...
BP’s Oil Spill Settlement with Gulf States, U.S. Tops $20 Billion
Oct 6 2015 // The value of BP Plc’s settlement with the U.S. government and five Gulf states over the Deepwater Horizon oil spill rose to $20.8 billion in the latest tally of costs from the U.S. Department of Justice. The...
Watchdog Says Corporations Say One Thing, Do Another on Climate Change
Oct 1 2015 // It’s all a masquerade. The business world has not embraced action on climate change as statements from some corporations seem to indicate. So says a new watchdog group out of London. Nonprofit InfluenceMap late last...
