Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
GM Recalls Big Vans To Fix Possible Fuel Leaks
Aug 16 2012 // General Motors is recalling more than 10,000 full-size vans in the U.S. and Canada because the fuel filler pipes can rust, leak and cause fires. The recall from the Detroit, Mich.-based auto maker affects Chevrolet Express...
Oil Boom Brings Scarcity of Workers in Small Towns
Aug 15 2012 // The prison in Woodward, Okla., is so short on guards that inmates can sometimes just walk away. A gas station barely has enough cashiers to keep up with the trucks filling the parking lot. And “help wanted”...
Insurance Deal Lets India Resume Shipping Iran Oil
Aug 15 2012 // India has joined Japan in offering government-backed insurance for ships carrying Iranian crude in order to bypass European sanctions that have nearly halved Iranian oil exports to key markets. The first Indian ship to...
Groups Sue EPA Over Oil Spill Dispersants
Aug 9 2012 // Environmental groups in five states are suing the federal government, claiming Environmental Protection Agency rules on chemical dispersants used in oil spills do not meet clean water requirements. The lawsuit filed Monday...
Chevron Response To No. Calif. Refinery Fire Under Criticism
Aug 9 2012 // Investigators were looking at how a small, seemingly insignificant leak at one of the country’s biggest oil refineries quickly unraveled into an intense fire that sent acrid black smoke into the sky and hundreds of...
Bay Area Refinery Fire Rekindles Memories of 2007 Blaze
Aug 8 2012 // For San Francisco Bay Area residents and West Coast oil traders, the Monday evening fire that struck California’s second-largest oil refinery was a flashback to a blaze five years earlier with remarkable...
Study: Oil Spill Dispersants May Have Hurt Gulf Food Chain
Aug 1 2012 // A study on possible effects of the 2010 BP oil spill indicates dispersants may have killed plankton — some of the ocean’s tiniest plants and creatures — and disrupted the food chain in the Gulf of Mexico, one of...
Obama Tightens Sanctions on Banks Helping Iran Sell Oil
Aug 1 2012 // President Barack Obama announced new U.S. sanctions on Tuesday against foreign banks that help Iran sell its oil and said the measure would increase pressure on Tehran for failing to meet its international nuclear...
US Congressional Negotiators Reach Deal on New Iran Sanctions
Jul 31 2012 // U.S. lawmakers moved a step closer to finalizing new sanctions aimed at further restricting Iran’s oil revenues after negotiators from the Senate and House of Representatives agreed on a compromise bill on...
South Korea May Resume Iranian Crude Oil Imports Soon
Jul 27 2012 // South Korea may soon resume Iranian crude imports after having completely halted shipments in July because of a European Union ban on insuring tankers carrying oil from the Islamic Republic. A resumption would suggest top...
Oil Firms, Regulators Miss Major Accident Indicators: Gulf Spill Report
Jul 25 2012 // Transocean and BP, trade associations, and U.S. regulators largely judged the safety of offshore facilities by focusing on routine personal injury and fatality data such as dropped objects and trips and falls when they...
Iran Offers to Insure Foreign Ships to Skirt EU Ban
Jul 18 2012 // Iran said it would insure any foreign ships that enter its waters, in an effort to skirt a European Union ban on insuring ships carrying Iranian crude that has hampered the country’s oil exports. “The Islamic...
New Law on BP Oil Spill Promises States More in Restoration Monies
Jul 16 2012 // U.S. Gulf Coast states have a higher stake in the amount of money the U.S. government can wring out of BP Plc for the 2010 Deepwater Horizon oil spill due to a new law that would divert billions of dollars in potential BP...
South Korea Considering Resuming Iran Oil Imports: Gov’t. Sources
Jul 13 2012 // South Korea will soon decide on whether to resume Iranian crude imports after Tehran offered to ship and insure the oil to get around the impact of EU sanctions, two Korean government sources said on Friday. The EU oil...
NTSB: Neglect, Inaction Caused Huge Michigan Oil Spill
Jul 13 2012 // The National Transportation Safety Board has approved the findings of its investigators that Canadian company Enbridge Inc.’s neglect of pipeline cracks and its slow response likely caused the most expensive onshore...
Iran Oil Shipments Skirting Tanker Insurance Ban
Jul 12 2012 // Iran is shipping oil to China, its top buyer, despite a row over freight terms, and Japan has taken steps to resume imports in August as Tehran finds ways to get around Western sanctions on ship insurance for its...
Japan Insurers Expand Cover to Boost Iran Oil Shipping Capacity
Jul 11 2012 // Japanese insurers are expanding their maritime coverage to allow more domestic tankers to transport Iranian crude, as Tokyo looks to keep oil flowing despite tough Western sanctions, industry sources said on...
US Lawmaker Asks Tuvalu to Stop Reflagging Iran Oil Tankers
Jul 10 2012 // A prominent U.S. lawmaker has asked the small South Pacific island nation of Tuvalu to stop reflagging Iranian oil tankers and warned its government of the risks of running afoul of U.S. sanctions. The European Union...
US Grants Iran Sanctions Exceptions to China, Singapore
Jun 29 2012 // The United States gave China a six-month reprieve from Iran financial sanctions on Thursday, avoiding a diplomatic spat with a country whose support it needs to try to quell violence in Syria and rein in Tehran’s...
So. Korea to Halt Iran Oil Imports as EU Insurance Ban Bites
Jun 26 2012 // South Korea became the first major Asian consumer of Iranian crude to announce a halt to imports after the government said they would be suspended from July 1 due to a European Union ban on insuring tankers carrying...
