Latest Oil Gas Headlines

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

Oil Firms Slam Brakes on Return-to-Work as Texas Virus Cases Soar

Jun 25 2020 // U.S. energy companies slammed the brakes on returning staff to their Houston offices as COVID-19 cases soared and top hospitals warned they could soon run out of beds for the most severely ill patients.A record number of...

Millions of Abandoned Oil and Gas Wells Pose Environmental, Health Risks

Jun 23 2020 // In May 2012, Hanson and Michael Rowe noticed an overpowering smell, like rotten eggs, seeping from an abandoned gas well on their land in Kentucky. The fumes made the retired couple feel nauseous, dizzy, and short of...

Sustainable Recovery Plan Pitching Pandemic as Opportunity to Grow Greener

Jun 18 2020 // Economic growth can be boosted, jobs can be saved or even created and greenhouse gas emissions can be cut if we take advantage of the worldwide changes that have occurred as we hunkered down in response to the COVID-19...

Unprecedented Arctic Diesel Spill Angers Putin and Could Force Green Reform in Russia

Jun 11 2020 // The mishandling of the biggest Arctic oil spill ever infuriated Russian President Vladimir Putin and could give a boost to the country’s environmental regulation.MMC Norilsk Nickel PJSC, Russia’s biggest miner,...

Major Fuel Spill in Russian Arctic Moves Closer to Arctic Ocean: Regional Official

Jun 10 2020 // Diesel fuel from a major spill in Russia’s Arctic has reached a pristine lake which is the basin for a river flowing into the Arctic Ocean, a regional official said on Tuesday, but the mining giant embroiled in the...

Oil & Gas Companies Seek More D&O Insurance as Bankruptcies Loom

Jun 10 2020 // The U.S. oil and gas industry is paying a hefty price to protect its top brass against potential bankruptcy and investor lawsuits.Oil companies are shelling out as much as 75% more to renew insurance liability coverage for...

Storm Cristobal Brings Heavy Rains, Storm Surge to Louisiana

Jun 7 2020 // Sunday, June 7 – Tropical Storm Cristobal on Sunday slowed its advance through the Gulf of Mexico, bringing a coastal storm surge, high winds and rain to southeast Louisiana, where it is expected make landfall later...

Massive Fuel Spill in Siberia Blamed on Melting Permafrost – or Climate Change

Jun 4 2020 // A massive fuel spill in Siberia prompted Russia to declare a state of emergency in the region as the mining company involved said the catastrophe may have been caused by climate change.Scientists have warned for years that...

Amid Pandemic, Oil Refineries, Offshore Drillers Face Hurricane Challenges

Jun 4 2020 // As oil and gas companies began shutting offshore production before the first tropical storm of the season in the U.S. Gulf of Mexico, experts said restarting wells and refineries will take longer and prove more costly this...

Some Gulf of Mexico Oil Rigs Evacuate Workers as Tropical Storm Cristobal Threatens

Jun 3 2020 // BP Plc began turning off production at three platforms in the northern Gulf of Mexico and evacuating workers because of the threat from Tropical Storm Cristobal, forecast to make landfall in Louisiana over the weekend, the...

Investors, Bondholders Sue Occidental Over Anadarko Merger

Jun 1 2020 // Occidental Petroleum Corp. has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7...

U.S. Court Says State Courts Are Proper Forum for Climate Suits Against Big Oil

May 29 2020 // Big Oil lost a pair of court battles Tuesday that could lead to trials in lawsuits by California cities and counties seeking damages for the impact of climate change.The 9th U.S. Circuit Court of Appeals rejected arguments...

After Big Oil Loses Appeal, Climate Suits Appear Headed to California Courts

May 28 2020 // Big Oil lost a pair of court battles this week that could lead to trials in lawsuits by California cities and counties seeking damages for the impact of climate change.The 9th U.S. Circuit Court of Appeals rejected...

Texas Unemployment Rate Hits 12.8% in April, Worst on Record

May 27 2020 // The state’s April jobless rate was 12.8% — Texas’ worst monthly tally on record.That number, included in the Labor Department’s monthly report released on May 22, is the government’s clearest and...

Ship Inspectors Conduct Virtual Inspections of Oil Tankers During Pandemic

May 27 2020 // Ship assessors are resorting to virtual inspections of oil tankers to keep vessels afloat, as the coronavirus pandemic makes physical visits to check for seaworthiness tougher and a slump in fuel demand increases the need...

Investigators Open Probe into Los Angeles Explosion

May 19 2020 // Police and fire investigators launched a criminal probe Sunday into the cause of an explosion at a hash oil manufacturer in downtown Los Angeles that sent firefighters running for their lives.Detectives from the Los...

Trump Safety Regulator Blocks Washington State’s Crude Oil Train Rules

May 13 2020 // The U.S. pipeline regulator late on Monday blocked an effort by Washington state to tighten vapor pressure restrictions on the transport of crude oil by rail, saying the measures would not lower the risk of explosions.The...

Insurers Zurich and Chubb Raise Cover for Canada Oil Sands Pipeline: Filings

May 13 2020 // Major insurers Zurich and Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian regulatory filings show.The Trans Mountain pipeline, which ships types of crude oil and refined...

Auditor: Coronavirus, Oil Glut Could Cost Louisiana Local Governments $1B

May 11 2020 // The coronavirus battle and the world oil glut could cost cities, parishes and school boards in Louisiana anywhere from $404 million to $1.1 billion over two fiscal years, the state’s Legislative Auditor’s...

Houston Confronts One-Two Punch of Coronavirus and Oil Bust

May 8 2020 // When you’re known as the energy capital of the world, oil busts are nothing new. But Houston now finds itself in uncharted territory — grappling with an oil downturn in the middle of a pandemic.Like in other...