Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Halliburton Seeking Settlement Over Gulf Oil Spill
Apr 24 2013 // BP’s cement contractor on the drilling rig that exploded in the Gulf of Mexico in 2010 announced that it is trying to negotiate a settlement over its role in the disaster, a focus of trial testimony that ended last...
Texas-Based Halliburton Posts 1Q Loss on Oil Spill Litigation Charges
Apr 23 2013 // Houston, Texas-based Halliburton says it lost $18 million in the first quarter, pulled down by $637 million in charges related to its role in the 2010 Gulf of Mexico oil spill. But it made money if unusual items are...
Florida Becomes 4th State to Sue BP Over Oil Spill
Apr 22 2013 // The state of Florida filed a lawsuit last Saturday against British oil company BP and cement contractor Halliburton over the Deepwater Horizon oil spill, becoming the fourth U.S. state to seek damages for the 2010...
Halliburton in Talks Over Gulf Oil Spill Settlement, Takes Charge
Apr 22 2013 // Halliburton Co. is in talks to settle private claims against it in a trial to determine how blame should be shared for the 2010 Gulf of Mexico spill, the company said on Monday, and it took a $1 billion pretax charge for a...
Florida Man Guilty of $1.2M BP Oil Spill Claims Fraud
Apr 19 2013 // A South Florida man is facing a potentially lengthy prison sentence after a jury convicted him of attempting to defraud the BP oil spill claims fund out of $1.2 million. A jury on Tuesday convicted 32-year-old Jean Mari...
Report: California Lags in Fracking Regulations
Apr 12 2013 // A new report on hydraulic fracturing (“fracking”) in California warns there are risks of irreversible contamination of surface and groundwater near oil drilling sites unless the technique is carefully monitored...
New Hampshire Jury Finds Exxon Mobil Liable for $236.4M in U.S. Pollution Suit
Apr 9 2013 // A New Hampshire jury on Tuesday found Exxon Mobil Corp liable for $236.4 million in a civil lawsuit that charged the oil company had polluted groundwater in the state with a gasoline additive used to reduce smog in the...
Federal Lawsuit Filed Over Arkansas Oil Spill
Apr 9 2013 // Two women who live near an ExxonMobil pipeline that ruptured and spilled thousands of barrels of oil in central Arkansas filed a federal lawsuit against the company on April 5. The class-action complaint from Kimla Greene...
Ruling Against BP Clears Way for Appeal of Spill Payouts
Apr 5 2013 // A U.S. judge’s ruling Friday against BP Plc means the company can proceed with its appeal of the way a court-appointed administrator apportions payments for claims related to the 2010 Gulf of Mexico oil spill, some...
Feds Send Corrective Order to Exxon After Arkansas Oil Leak
Apr 4 2013 // Federal pipeline safety officials have issued a corrective action order to ExxonMobil Pipeline Co. after one of its pipelines ruptured last week in central Arkansas. The order from the Pipeline and Hazardous Materials...
India Plans Reinsurance Pool to Cover Refiners Handling Iran Oil
Apr 3 2013 // India plans to set up a fund of up to 20 billion rupees ($368.4 million) to back local insurers in offering cover to refiners who process Iranian crude, three government sources said, as sanctions discourage global...
Arkansas Opens Probe into Exxon Oil Spill
Apr 2 2013 // Arkansas on Tuesday launched an investigation into an Exxon Mobil pipeline rupture that spilled thousands of barrels of crude oil into a housing development last week, just as forecast rain was expected to complicate the...
Gulf Oil Spill Claims Czar Seeks Dismissal of BP Suit
Apr 2 2013 // The administrator of BP Plc’s settlement with thousands of people and businesses who sued over the 2010 Gulf of Mexico oil spill urged a federal judge on Monday to end the company’s lawsuit over how he...
Yellowstone Oil Spill-Violations $1.7M Penalty Proposed In Exxon Spill
Mar 27 2013 // Federal pipeline regulators have proposed $1.7 million in penalties against Exxon Mobil Corp. for a pipeline rupture that spewed crude oil into Montana’s Yellowstone River. The U.S. Department of Transportation said...
Evacuation Saved Lives, Says Transocean Deepwater Horizon Safety Officer
Mar 26 2013 // The officer in charge of safety on Transocean’s Deepwater Horizon drilling rig, destroyed in a BP well accident that caused the worst-ever U.S. offshore oil spill, said the post-blowout fire was too big to fight and...
Michigan Oil Spill Cleanup Costs to Exceed Insurance: Enbridge
Mar 21 2013 // Enbridge Energy Partners LP said on Wednesday that the costs of additional cleanup from a huge Michigan oil spill three years ago may push the total bill past the limit of its insurance coverage, hampering its financial...
Longer Routes Help Oil Tankers Mitigate Iran Sanctions
Mar 21 2013 // Oil tanker owners are cushioning the impact of Iranian trade restrictions by shipping crude over greater distances to some of Asia’s biggest economies, the founder of Nordic American Tankers Ltd. said on...
BP Challenges ‘Absurd’ Oil Spill Claims
Mar 18 2013 // BP launched its promised appeal against “fictitious” and “absurd” oil spill compensation payouts on Friday and asked a judge to temporarily halt those made on a so-called business economic loss...
Iran’s March Crude Exports Fall to Lowest Since Sanctions Began
Mar 12 2013 // Iran’s crude oil exports in March may plunge by a quarter from a month earlier to the lowest since tight Western sanctions came into effect in 2012, industry sources said, squeezing income for Tehran as sanctions...
India Set to Halt Iran Oil Imports over Refinery Insurance Coverage
Mar 8 2013 // India is set to halt all crude imports from Iran because insurance companies in the country have said refineries processing the oil will no longer be covered due to Western sanctions, the head of refiner MRPL said on...
