All the headlines from our Oil Gas Topic Page, ordered by recency.
Apr 28 2023 // Key figures in the insurance industry said rising Russian oil prices are making it harder for them to know if they can lawfully cover Russian cargoes.Since December, buyers of Russian crude oil have only been allowed to...
Apr 27 2023 // LEMONT, Ill. (AP) – An explosion and fire at a suburban Chicago petroleum refinery killed one person and injured a second Tuesday morning, authorities said.The Will County Sheriff’s Office said one person was...
Apr 27 2023 // A rise in spot prices for Russian crude oil to above the $60 per barrel cap imposed by western powers has made ship insurers even more nervous of running foul of the rules as they are unable to independently track the...
Apr 21 2023 // NEW ORLEANS (AP) – A Louisiana energy company has reached a tentative $3.1 million settlement with the federal government over a 2017 Gulf of Mexico oil leak.The agreement, called a consent decree, was filed in...
Apr 21 2023 // An oil tanker company heavily involved in moving Russian oil lost industry standard insurance for its fleet after falling foul of a Group of Seven price cap relating to the transportation of the nation’s...
Apr 6 2023 // Thirteen years after the massive Deepwater Horizons spill fouled the Gulf of Mexico, regulators and industry have reduced some risks in deep water exploration in the gulf but some troublesome safety issues persist, a new...
Apr 6 2023 // Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping...
Apr 5 2023 // Construction can proceed related to a major oil project on Alaska’s petroleum-rich North Slope after a federal judge on Monday rejected requests to halt work until challenges to the Biden administration’s...
Apr 3 2023 // The Net Zero Asset Owner Alliance (NZAOA) said on Wednesday [March 29] it expects members to make no new direct investments in upstream oil and gas infrastructure projects for new fields, as part of efforts to rein in...
Apr 3 2023 // A United Nations agency that oversees shipping raised concerns about the shadow fleet of tankers that has emerged to transport oil amid sanctions, calling for more steps to boost safety.States that become aware of ships...
Mar 30 2023 // A letter to the world’s insurance companies from a climate activist group calls on the industry to immediately stop insuring companies and projects that promote the expansion of coal, oil and gas, and phase out all...
Mar 30 2023 // Oil companies offered a combined $264 million for drilling rights in the Gulf of Mexico on Wednesday in a sale mandated by last year’s climate bill compromise.The auction was the first in the Gulf in more than a year...
Mar 30 2023 // Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according to data compiled by Bloomberg, and the country’s energy officials are voicing concerns about the...
Mar 28 2023 // Russia has successfully redirected all its crude oil exports affected by Western sanctions over Ukraine to “friendly” countries, Energy Minister Nikolai Shulginov said on Tuesday, while still a decline in oil...
Mar 27 2023 // The oil tanker Turba normally should have been melted down by now.The 26-year-old vessel hasn’t had a full inspection since 2017, according to a database dedicated to promoting safe shipping. It also lacks industry...
Mar 24 2023 // A first-in-the-nation bill to punish oil companies for profiting from price spikes at the pump breezed through the California Senate on Thursday at the urging of Democratic Gov. Gavin Newsom, the first major vote in an...
Mar 23 2023 // An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near Cuba. A third is seized in Spain for drifting out of control.These vessels were part of a...
Mar 22 2023 // Chubb Ltd. announced new underwriting criteria for oil and gas extraction projects that will require clients to reduce methane emissions, a by-product of oil and gas production that are among the most severe greenhouse...
Mar 21 2023 // Canada’s federal government is stepping up environmental oversight in Alberta’s oil sands after Imperial Oil Ltd. and the provincial regulator were slow to report toxic spills.Environment Minister Steven...
Mar 17 2023 // California Gov. Gavin Newsom said he wants state regulators to decide whether to impose the nation’s first penalty on oil companies for price gouging, pivoting after months of negotiations with legislative leaders...