Latest Oil Gas Headlines

All the headlines from our Oil Gas Topic Page, ordered by recency.

Chubb Announces Climate-Focused Underwriting Standards for Oil and Gas Extraction

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...

Toxic Spills at Alberta’s Oil Sands Spur Canada to Boost Regulatory Oversight

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...

California Regulators Could Decide Oil Profits Penalty

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...

Texas Oil & Gas Company Filed $39K After Employee Suffers Fatal Exposure

Mar 16 2023 // Federal investigators found an oil and gas company employee suffered fatal exposure to hydrogen sulfide while working near a sump pit in September 2022.The U.S. Department of Labor’s Occupational Safety and Health...

Citgo’s Lawsuit Against Lloyd’s Insurer Over Seized Venezuelan Oil Gets Go-Ahead

Mar 16 2023 // Citgo Petroleum Corp. may move forward with an attempt to collect more than $40 million it claimed from insurers after Venezuelan authorities in 2020 seized almost a million barrels of its oil.US District Judge Gregory...

Green Groups Sue Biden Admin Over Approval of Alaska Willow Oil Project

Mar 15 2023 // Six environmental groups filed a lawsuit on Tuesday over the Biden administration’s approval of ConocoPhillips’ Willow oil and gas project in Alaska, which they claimed could be a stepping stone to more...

Ship With No Permit Causes Philippine Oil Spill; Cleanup Is ‘Logistical Nightmare’

Mar 15 2023 // The Philippines is grappling with the fallout of an oil spill south of Manila, with a contractor describing the cleanup as a “logistical nightmare” amid questions on why the ship carrying industrial fuel was...

Philippines Increases Efforts to Contain Oil Spill From Sunken Tanker

Mar 14 2023 // Philippine authorities have increased efforts to contain an oil spill from a sunken fuel tanker that has affected coastal towns and was still spreading, the environment ministry said on Tuesday, as the country grapples...

California Oil Company Paying $65M for Oil Spills

Mar 8 2023 // A defunct company that spilled more than a million gallons of crude oil and wastewater in California must pay more than $65 million in penalties and cleanup costs, federal prosecutors announced.A federal court entered a...

Should a State Surcharge Insurers That Underwrite Fossil Fuel Risks?

Mar 7 2023 // Connecticut lawmakers are considering imposing a surcharge on insurers’ premiums from the fossil fuel industry.The proposal (SB-1115) calls for a tax of 5% of any premiums any insurer licensed in the state receives...

Indonesia to Relocate Residents or Move Fuel Facility After Fire Kills 16

Mar 6 2023 // Indonesia will relocate residents living near a fuel-storage fire that killed 16 people or remove the depot owned by state energy company Pertamina to a safer location, President Joko Widodo said on Sunday.The decision...

Shell Wins Bid to Limit British Suit Over Nigeria Delta Oil Spill

Mar 3 2023 // Shell Plc won a bid to limit a British lawsuit over an oil spill off the coast of Nigeria after a judge ruled that a group of thousands of Nigerians couldn’t prove that the disaster continued to wreak devastation on...

Shipping Companies Reach $97M Settlement in California Oil Spill

Mar 3 2023 // Shipping companies will pay nearly $97 million to settle a lawsuit with a pipeline operator over a 2021 oil spill off the coast of Southern California, the pipeline company said Wednesday.Amplify Energy, the Houston-based...

Russian Oil Is Being Stored in Ghana as Pool of Buyers Shrinks

Feb 27 2023 // A cargo of Russian oil is heading for storage tanks in Ghana, a nation that exports crude itself and is on the doorstep of two regional supply powerhouses.The development suggests that traders could be scouring the market...

Home Heating Oil Leak Is Covered Due to Pollution Ambiguity, Rhode Island Court Rules

Feb 20 2023 // The Rhode Island Supreme Court for the first time has found the definition of pollution in a commercial policy ambiguous enough to justify vacating a lower court’s summary judgment in favor of the insurer.The...

North Dakota Oil Field Explosion Injures One

Feb 14 2023 // WILLISTON, N.D. (AP) – One person was severely burned in an explosion and fire at an oil field in western North Dakota, fire officials said.The explosion was reported about 10:30 p.m. Friday at a saltwater disposal site...

Faulty Weld Led to Kansas Oil Spill; Cleanup Costs at $480M

Feb 13 2023 // TOPEKA, Kan. (AP) – A faulty weld at a bend in an oil pipeline contributed to a spill that dumped nearly 13,000 bathtubs’ worth of crude oil into a northeastern Kansas creek, the pipeline’s operator said last...

‘Shadow Fleet’ of Tankers Transporting Russian Oil Swells to 600 Ships: Trafigura

Feb 6 2023 // The “shadow fleet” of ships that transport Russian oil around the world has expanded to around 600 tankers, according to trading giant Trafigura.About 400 crude oil vessels, or 20% of the global fleet, have...

Factbox: Here Are Main Elements of New G7-Led Price Cap on Russian Oil Products

Feb 6 2023 // The Group of Seven rich nations, the European Union and Australia have set price caps for Russian diesel and other refined petroleum products to keep markets supplied while limiting Moscow’s revenues when an EU...

G-7 Nations, EU Agree to Price Caps on Russian Refined Oil Products

Feb 6 2023 // European Union countries agreed to set price caps on Russian refined oil products to limit Moscow’s funds for its invasion of Ukraine, the Swedish presidency of the EU said on Friday.EU diplomats said the price caps...