oil and gas News

12 Missing After Ship Capsizes Off Coast of Louisiana

Twelve people were still missing on April 14 after six other crew members were pulled from rough seas following the capsizing of their commercial platform vessel during a “microburst” of bad weather off the coast of Louisiana, the U.S. Coast …

More than 10K Jobs Lost in North Dakota’s Oil Patch Last Year

The coronavirus pandemic has had a significantly negative impact on North Dakota’s oil and gas industry, resulting in the shedding of thousands of jobs last year. The oil industry’s recovery has been slow. Job Service data show that North Dakota’s …

Texas Governor Vows to Fight President Biden’s Energy, Climate Agenda

Gov. Greg Abbott, looking to show an early contrast with President Joe Biden, visited the Permian Basin on Jan. 28 and announced a series of steps the state would be taking to push back against the new Democratic administration when …

Feds Ignore Risk of Huge Gulf Spills to Endangered Species, Suit Says

Environmental groups asked a federal court on Oct. 21 to throw out the Trump administration’s assessment of oil and gas activity’s likely effects on endangered species in the Gulf of Mexico, saying it dismisses the chance of another disastrous blowout …

State Auto Sells Rockhill’s General Liability, Gas Distribution Business to K2 Insurance

State Auto Insurance is continuing its exit from the specialty insurance business, selling off more of the business of its excess and surplus lines subsidiary, Rockhill Insurance Group. The buyer this time is specialty insurance holding company K2 Insurance Services, …

Legal Marijuana Worries Canadian Oil Companies with Strict Drug Testing Regimes

Once recreational marijuana becomes legal in Canada, Garnet Amundson says it will get a lot harder to find the workers he needs at Essential Energy Services Ltd. And he isn’t the only employer who’s worried. Essential Energy provides services to …

Sompo Develops Nat Cat Model for NW Australia Offshore Oil & Gas Installations

Sompo Japan Nipponkoa Insurance Inc. (SJNKI) and Sompo Canopius AG are launching a natural catastrophe risk model for north-west Australia offshore oil and gas installations. The model development was carried out by Sompo Risk Management & Health Care Inc., which …

New Verisk Unit to Serve Energy Sector Insurance, Risk Management

Verisk Insurance Solutions has launched a new energy insurance unit focused on risk assessment, rating, and risk modeling for the oil and gas, petrochemicals, power generation, and metals and mining industries. To develop the new unit for use by the …

Exxon: Oil & Gas to Will Continue Dominate Energy Sector for Decades

The way Texas-based oil giant Exxon Mobil sees it, the global energy landscape won’t be radically different in 2040 than it is today. Oil and gas will remain king, accounting for an even slightly larger share of the energy supply. …

U.S. Spending Bill to End Oil Export Ban

Congress passed a $1.1 trillion spending measure that averts a U.S. government shutdown and ends a 40- year-old ban on crude oil exports, a plan that ensures fiscal peace in Congress through most of 2016. The Senate passed the bill …