Latest Oil Gas Headlines

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

Japan Ship Behind Oil Spill in Mauritius Deviated From Regular Shipping Lane

Aug 21 2020 // The Japanese-owned bulk carrier that ran aground off Mauritius and spilled oil over pristine waters and fragile coral reefs diverted more than 100 kilometers from a regular shipping lane, data from a maritime analysis firm...

Mauritius Arrests Captain of Japanese Oil Spill Ship

Aug 19 2020 // Mauritius has arrested the captain of a Japanese bulk carrier that ran aground off its coast, causing a devastating oil spill in one of the world’s most pristine maritime environments, police said on Tuesday.The MV...

Class Action Claims E*Trade Failed to Warn About Risks From Oil Price Crash

Aug 19 2020 // One of the biggest U.S. brokerages has been hit with a class action lawsuit after the oil price crash in April led to hundreds of thousands of dollars in losses for its clients and allegations that the firm failed to...

Louisiana to Get $205M in BP Spill Money for Coastal Restoration

Aug 17 2020 // Louisiana is getting another $205 million in BP oil spill money to restore its coast.Most of that — $176 million — will use sediment dredged from the Mississippi River to build 1,200 acres (485 hectares) of marsh in...

Japanese Bulk Carrier Splits Apart as Mauritian Authorities Work to Contain Oil Spill

Aug 17 2020 // A Japanese bulk carrier that ran aground on a reef in Mauritius last month threatening a marine ecological disaster around the Indian Ocean island has broken apart, authorities said on Saturday.The condition of the MV...

Explainer: Assessing Liabilities from Massive Mauritius Oil Spill

Aug 14 2020 // A Japanese bulk carrier struck a coral reef off the Indian Ocean island nation of Mauritius on July 25, spilling about 1,000 tonnes of fuel oil and triggering a state of “environmental emergency.”Scientists say...

Wetlands Loss Suits Against Oil Companies to Stay in Louisiana State Courts

Aug 12 2020 // Oil companies facing lawsuits that blame them for coastal wetlands loss in Louisiana have lost an attempt to move the suits to federal court.The 5th U.S. Circuit Court of Appeals in New Orleans on Aug. 10 upheld a decision...

Mauritius Seeks Compensation from Owners of Cargo Vessel After Massive Oil Spill

Aug 12 2020 // Mauritius is seeking compensation from the owners of the cargo carrier that run aground and spilled oil off its coast, causing the island nation’s worst ever ecological disaster.More than half of about 1,000 tons of...

Oil Leak from Cargo Ship Pollutes Mauritius Beaches as Insurers Assess Liability

Aug 11 2020 // The oil cleanup from a leaking cargo ship that ran aground off the coast of Mauritius continues while the government and insurance firms begin probing liability for the accident.The incident has befouled the white-sand...

Zurich Insurance Decides Not to Renew Cover for Canada’s Trans Mountain Oil Pipeline

Jul 23 2020 // Insurer Zurich has decided not to renew cover for the Canadian government’s Trans Mountain oil pipeline, said a spokeswoman for the project, which is opposed by environmental campaigners and some indigenous...

Michigan to Enbridge: $900M in Liability Insurance Plus $1.8B Needed for Oil Spill Risk

Jul 20 2020 // On July 17, Michigan sought a written pledge from Enbridge Inc. to cover costs that would arise if oil were to leak from its dual pipelines that extend across a channel linking two of the Great Lakes, although the Canadian...

Shipping Losses at Record Lows, but COVID-19 Impact Could Threaten Safety: Allianz

Jul 16 2020 // Large shipping losses dropped by 20% last year, in a continuation of decade-long trend when losses declined by almost 70%, according to a report published by Allianz Global Corporate & Specialty (AGCS).However, the...

Russia Requires Firms to Develop Financial/Insurance Contingency Plans for Oil Spills

Jul 14 2020 // President Vladimir Putin on Monday signed legislation requiring companies involved in oil production or handling other hydrocarbons to have adequate resources for a contingency plan in the case of a spill.The law makes it...

U.S. Pressures Insurers, Certifiers, Shippers in Enforcing Tougher Sanctions on Venezuela

Jul 14 2020 // Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to tighten sanctions on the...

Russia’s Nornickel Denies Allegations of Cover-Up over Arctic Oil Spill

Jul 13 2020 // Pressure is mounting on Russian mining company Norilsk Nickel over an Arctic oil spill that has wiped about 17% off its share price, left it with a hefty compensation bill and exposed it to accusations of covering up the...

U.S. Targets Ship Insurers, Maritime Industry to Strengthen Venezuela Sanctions

Jul 13 2020 // Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to tighten sanctions on the...

Russian Regulator Seeks $2B in Damages from Nornickel for Arctic Fuel Spill

Jul 7 2020 // Russia’s environmental watchdog has asked a power subsidiary of Russian mining giant Norilsk Nickel (Nornickel) to pay almost 148 billion roubles ($2 billion) in damages over an Arctic fuel spill in...

Climate Change Litigants Argue Human Rights, Consumer Harm in Suing Oil Firms

Jul 6 2020 // LONDON/WASHINGTON/GENEVA — Climate change may be having its day in court.With the slow pace of international climate negotiations, lawyers from Switzerland to San Francisco are increasingly filing lawsuits demanding...

District of Columbia Sues 4 Oil Majors for Misleading Consumers on Climate Change

Jun 26 2020 // The attorney general for the District of Columbia on Thursday filed a lawsuit against Exxon Mobil Corp, BP Plc, Chevron Corp, and Royal Dutch Shell Plc for “systematically and intentionally misleading”...

Minnesota AG Sues Exxon, Koch and API over Climate Change ‘Deceptions’

Jun 25 2020 // The state of Minnesota has filed a lawsuit against the American Petroleum Institute, Exxon Mobil Corp. and Koch Industries for what it called a decades-long campaign to deceive the public about climate change.The lawsuit...