oil and gas News

Environmental Groups, California Sue Exxon Over Global Plastic Pollution

California and several environmental groups sued Exxon Mobil on Monday and accused the oil giant of engaging in a decades-long campaign that helped fuel global plastic waste pollution. Speaking at an event during Climate Week in New York City, California …

Texas is Close to Adopting Revised Oil and Gas Waste Rules

Texas is inching closer to adopting revised oil and gas waste management rules for the first time in four decades. The Railroad Commission of Texas announced the draft rule at its Aug. 15 meeting and is now soliciting public comment. …

Insurance Industry Impact From Hurricane Beryl Expected to Be ‘Manageable’

Hurricane Beryl made its U.S. landfall at Matagorda, Texas early Monday as a Category 1 hurricane. The storm has reportedly knocked out power to 1 million homes and businesses, but the storm’s overall impact to the insurance industry is expected …

Gulf of Mexico Oil and Gas Lease Sale Postponed Amid Legal Battles Over Endangered Whale Protections

NEW ORLEANS (AP) – An upcoming sale of federal Gulf of Mexico oil and gas leases was officially postponed last week amid legal fights over protections for an endangered species of whale. A federal appellate panel last week paused a …

More Funding for U.S.-Based Provider of Retained Climate Risk Reinsurance

Demex Group raised $5 million from a syndicate of existing and new investors the company says will address accumulating losses caused by secondary perils. The managing general agent, which “operates at the intersection of climate, insurance, and technology,” last year …

Russia-Aligned Hackers Pose Threat to Canada Energy Sector, Spy Agency Says

Russia-aligned hackers could seek to disrupt Canada’s powerful oil and natural gas sector, especially since Ottawa is a strong backer of Ukraine, a Canadian spy agency said on Wednesday. The Communications Security Establishment (CSE) signals intelligence agency said Russia had …

Alliant Acquires Texas’ McAnally Wilkins

Alliant Insurance Services has acquired McAnally Wilkins, LLC, a leading provider of property and casualty (P&C) insurance solutions for the oil and gas service industry. Based in Odessa, Texas, McAnally Wilkins provides insurance and risk management expertise as well as …

Thanks to Oil Boom, N. Dakota County Sees Fastest Growth in US

First came the roughnecks and other oil field workers, almost all men. Lured by steady wages as the nation climbed out of the Great Recession, they filled McKenzie County’s few motel rooms, then began sleeping in cars, tents, trailers — …

Amwins Underwriting Division Expands Portfolio with New Oil & Gas Programs

With a focus on delivering unmatched underwriting acumen via programs that fill complex needs within the market, Amwins Underwriting is excited to announce the launch of two new Oil and Gas programs: Oil & Gas Consultants and Increased Cost of …

California Legislature Votes Down Fracking Ban

California lawmakers rejected a bill that would have banned fracking in the state, succumbing to pressure from the powerful oil and gas industry and their labor union allies who warned the bill would have cost good-paying jobs. The bill was …