Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Yemen Conflict Could Disrupt Major Oil Shipping Route; Insurers Pull Back
Mar 27 2015 // Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupt the narrow Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United...
Oil Industry Sues to Block U.S. Fracking Regulations
Mar 23 2015 // U.S. drillers already reeling from a six- month drop in oil prices denounced new U.S. fracking regulations as costly and unnecessary, and quickly met them with a lawsuit. After three years of debate, the U.S. Interior...
CN Railway’s Safety Record Deteriorated in 2014 Due to Poor Track Conditions
Mar 23 2015 // Canadian National Railway’s safety record deteriorated sharply in 2014, reversing years of improvements, as accidents in Canada blamed on poor track conditions hit their highest level in more than five years, a...
Obama Administration Releases Regulations on Fracking on Federal Lands
Mar 22 2015 // The Obama administration issued the first federal regulations for fracking since the drilling technique fueled a domestic energy boom, requiring extensive disclosures of the chemicals used on public land. After years of...
Judge Dismisses Mayflower, Arkansas Oil Spill Lawsuit
Mar 19 2015 // A federal class-action lawsuit against Exxon Mobil Corporation over a 2013 crude oil spill in central Arkansas has been dismissed by a federal judge, who acknowledged in his ruling that his decision seems unfair. U.S....
Canada Transport Watchdog to Introduce New Tank Cars Ahead of Schedule
Mar 18 2015 // Canada’s transportation watchdog said that recent fiery derailments of trains hauling crude oil mean a new generation of stronger tanker wagons should be introduced ahead of schedule. The Transportation Safety Board...
Safety an Issue as Oilfield Companies Cut Costs During Downturn
Mar 13 2015 // A deadly oil well explosion in Texas’ Permian Basin this week offers a cautionary note of the industry’s challenges as companies cut costs during a market downturn. Even as deaths in the industry have climbed...
3 Killed in West Texas Oil Field Explosion
Mar 12 2015 // An oil field rig exploded in West Texas killing three workers on March 10. Investigator Dusty Kilgore of the Upton County Sheriff’s Office said the accident happened Tuesday morning near Rankin, about 40 miles south...
Canada Proposes Tough New Oil Tank Car Standards
Mar 12 2015 // Canada proposed tough new oil tank car standards on Wednesday and said even improved tank cars coming into service now would have to be off the rails by 2025 at the latest. The announcement comes after a rash of fiery...
Series of Train Derailments Worries Canada’s Transport Minister
Mar 10 2015 // A series of train derailments in northern Ontario is cause for concern for Canada’s transport minister, a spokesman said on Monday, as fires continued to burn where Canadian National Railway Co train carrying oil...
Derailed Canadian National Train Carrying Crude Oil Is Still Burning
Mar 9 2015 // A Canadian National Railway Co. train carrying crude oil that derailed near the northern Ontario community of Gogama early on Saturday is still on fire, the company said late on Sunday. The derailment is CN’s second...
Transport Company Agrees to Restoration Plan After West Virginia Train Derailment
Mar 9 2015 // Federal regulators say CSX Transportation has agreed to a long-term plan for cleaning up and restoring the area around a fiery oil-train derailment in southern West Virginia. Under the U.S. Environmental Protection Agency...
North Dakota Oil Patch Highway Is State’s Most Dangerous
Mar 9 2015 // The main north-south artery in North Dakota’s oil patch is the most dangerous stretch of road in the state, newly released statistics show. U.S. Highway 85 had the most fatal accidents, injury accidents and property...
BP Drops Opposition to Gulf Oil Spill Claims Chief It Criticized
Mar 8 2015 // BP has abruptly switched legal strategies—again—in the multi-billion-dollar liability fight stemming from the April 2010 Gulf of Mexico oil spill. The company dropped a campaign to oust a settlement administrator it...
Aon Risk Solutions Identifies 5 Big Geopolitical Risks for 2015
Mar 4 2015 // Critical events of early 2015 – cheap oil and Middle East violence – will probably continue to take their toll as the year goes on, according to a new projection of geopolitical hotspots. Lower overall prices for...
Ohio Sues BP for $33M Over Tank Leak Cleanup Costs
Mar 2 2015 // BP Plc double dipped by taking a total of more than $33 million from an Ohio compensation fund and insurers to clean up leaks from underground storage tanks, according to the state’s attorney general. Attorney...
Derailed Train in West Virginia Had Safer Tank Cars
Feb 26 2015 // The fiery derailment of a train carrying crude oil in West Virginia earlier this month is one of three in the past year involving tank cars that already meet a higher safety standard than what federal law requires –...
Increase in Kentucky Fracking Prompts Lawmakers to Update Rules
Feb 26 2015 // As Kentucky mines less coal and produces more natural gas, state lawmakers want to update the environmental protection rules that drilling companies are required to follow. But some landowners worry the state’s rush...
Georgia Legislature Advances Medical Marijuana Bill
Feb 25 2015 // A bill to legalize cannabis oil to treat seizure disorders and seven other debilitating health problems passed a key committee in the Georgia House on Monday but faces an uphill battle in the state Senate, even in its...
North Dakota Oil Patch Highway Is State’s Most Dangerous
Feb 24 2015 // The main north-south artery in North Dakota’s oil patch is the most dangerous stretch of road in the state, newly released statistics show. U.S. Highway 85 had the most fatal accidents, injury accidents and property...
