oil and gas industry News

US Chamber, Oil Firms Sue Vermont for Making Companies Pay for Climate Damage

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 …

New York to Fine Fossil Fuel Companies $75 Billion Over 25 Years for Climate Damage

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 …

Halliburton Says August Cyberattack Took Information From Systems

Oil service company Halliburton on Tuesday said a cyberattack last month has caused “disruptions and limitations” to business applications that support operations. “The company believes the unauthorized third party accessed and exfiltrated information from the company’s systems,” Halliburton said in …

Oil and Gas Power Lines Suspected of Causing Texas Panhandle Wildfires

When a spate of wildfires tore across the Texas Panhandle in February and scorched 20,000 acres of Craig Cowden’s ranch near Skellytown, he decided he had had enough. Cowden took on a second unofficial job: looking for possible fire hazards …

Oklahoma Judge Blocks State’s Anti-ESG Law

A judge in Oklahoma blocked a state law that prohibits state pension systems from investing with companies that limit investment in the oil and gas industry. Oklahoma County District Court Judge Sheila Stinson on Tuesday issued a temporary injunction blocking …

Sweden Scraps Probe Into Nord Stream Gas Pipeline Blasts

The sabotage of two undersea gas pipelines in 2022 remains a mystery as Sweden ended a probe without reaching any clear conclusions on the identity of the perpetrators. The preliminary investigation was dropped given nothing indicates that the attack involved …

Biden Administration Finalizes Stricter Rules to Prevent Offshore Blowouts in Oil and Gas Drilling Rigs

NEW ORLEANS (AP) – The Biden administration on Tuesday finalized tighter rules for complex devices meant to prevent catastrophic blowouts on offshore oil and gas drilling rigs, reversing some Trump administration policies and returning to a more stringent regulatory stance …

Oil-Field Lawsuit Offers Rare Insight Into Harassment Complaints

A lawsuit set for trial in July against the world’s largest provider of drilling services will offer rare public testimony about the plight of women working in America’s oil fields. Jessica Cheatham, who worked as an engineer for SLB, previously …

Kazakhstan Presses Ahead With $16.5B Claim Against Oil Majors

Kazakhstan is pressing ahead with $16.5 billion in claims against international oil majors over disputed project costs and has no plans for a possible out-of-court settlement, Energy Minister Almasadam Satkaliyev said. The legal wrangling underscores the risks for foreign companies …

Texas Court: Exxon Covered by Contractor’s Excess Insurers

Two excess insurers may be liable for the more than $20 million that ExxonMobil Corp. paid to settle lawsuits filed by a contractor’s employees who were badly burned while working at an Exxon refinery, the Texas Supreme Court ruled. The …