Latest Oil Gas Headlines

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

Texas Crude Oil Pipelines Are Full to the Brim and Getting Worse

Jul 30 2024 // Crude oil pipelines connecting the busiest Texas oil fields to a critical export hub across the state are nearly out of space, threatening to cap US oil exports at a time when the world needs more.Key pipelines that...

Texas Earthquakes Prompt Oil Regulator to Inspect Disposal Wells

Jul 29 2024 // The Texas oil regulator said it’s investigating after several earthquakes hit the Permian Basin last week.Extremely salty water that naturally comes out of oil wells is discarded by injecting the slurry back into the...

Philippines Rushes to Contain Oil Spill From Sunken Tanker

Jul 25 2024 // Philippine authorities are rushing to contain an oil spill from a tanker that sank early Thursday, killing one crew member, after Typhoon Gaemi battered the nation.A Philippine-flagged tanker carrying 1.4 million liters of...

Canadian Wildfires Threaten Oil Output, Prompt Evacuations

Jul 24 2024 // Wildfires in Canada’s energy-producing Alberta province are threatening almost 10% of the region’s oil production and forcing the evacuation of one of the country’s largest national parks during the peak...

Oil Tanker Insurance Payouts at Risk After UK’s Russia Sanctions

Jul 23 2024 // Transfers of oil at sea that involve a recently sanctioned Russian insurer may prevent western firms from paying claims if something goes wrong, a key provider of cover said.Moscow-based Ingosstrakh PJSC has emerged of a...

Oil Slick Off Texas Coast Tied to Abandoned Platform in Gulf

Jul 22 2024 // Federal and state officials are developing plans to respond to an oil sheen in the Gulf of Mexico tied to an abandoned platform at least eight miles off the Texas coast.State officials were notified about the apparent...

Update: Oil Tanker That Fled Collision Site Is Detained in Malaysia

Jul 22 2024 // A tanker that fled the scene of a fiery Friday collision off Singapore entered the area of Malaysia’s Bertam floating oil terminal on Monday after being tracked down and intercepted by Malaysian authorities, shipping...

New Jersey Group Eyes Insurance Surcharges, Oil Fees to Fund Resiliency Projects

Jul 22 2024 // A 2% surcharge on property insurance policies, mandatory fees on the oil and gas industries, and holding a public referendum are ways a public-private group formed in the aftermath of Superstorm Sandy recommends to pay for...

Two Oil Tankers on Fire in Waters Near Singapore, Crew Members Rescued

Jul 19 2024 // Two large oil tankers were on fire on Friday after colliding near Singapore, the world’s biggest refueling port, with two crew members airlifted to hospital and others rescued from life rafts, authorities and one of...

Russian Tactics Make Secret Tanker Oil Switching Harder to Trace

Jul 17 2024 // Two near-identical oil tankers trying to beat western sanctions. A secret transfer of Russian crude halfway between Iran and Oman. A supertanker giving a false location.Welcome to the modern trade in Russian petroleum as...

Marathon Oil Reaches $241M Settlement for Air Quality Violations in North Dakota

Jul 16 2024 // The federal government announced a $241.5 million settlement with Marathon Oil last week for alleged air quality violations at the company’s oil and gas operations on the Fort Berthold Indian Reservation in North...

Crew of Capsized Oil Tanker Off Oman Still Missing, Maritime Center Says

Jul 16 2024 // The 16-strong crew of a Comoros-flagged oil tanker that capsized off Oman are still missing, the country’s maritime security center said on Tuesday, a day after the sinking was reported.The crew of “Prestige...

UK, EU States to Target Russia’s Shadow Oil Fleet With More Checks

Jul 15 2024 // The UK plans to launch a “call to action” this week with a group of European nations to target the so-called shadow fleet of oil tankers that Russia uses to skirt international sanctions, according to people...

Wildfires Encircle Canada’s Oil-Sands City Amid Hot Weather

Jul 12 2024 // A ring of wildfires has erupted around Canada’s unofficial oil-sands capital of Fort McMurray, adding new threats to crude production from the world’s third-largest petroleum reserves.Eight out-of-control...

Canada Insurers Investing in Fossil Fuels as Climate Risks Grow: Shareholder Group

Jul 10 2024 // Canada’s top property and casualty insurers have invested more than C$19.5 billion ($14.30 billion) in fossil fuels production at a time when climate change is driving up risks for the industry, according to a report...

After Oil, Russia May Be Building a Shadow Fleet for Gas

Jun 28 2024 // In the months that followed its invasion of Ukraine and punitive Western restrictions imposed in response, Russia amassed a shadow fleet to ferry its oil around the world. Now there is growing evidence Moscow has begun to...

Venezuela Resorts to Using Shadow Tankers to Supply Oil to Ally Cuba

Jun 27 2024 // Venezuela’s state oil company PDVSA has begun using tankers that navigate off radar to supply its closest political ally, Cuba, as a fleet of state-owned vessels that have historically covered the route dwindles,...

Dredger That Hit Tanker Reported Sudden Loss of Control; Oil Spill Cleanup Ongoing

Jun 18 2024 // Singapore authorities said Monday a dredger boat reported a sudden loss in engine and steering control that led it to hit a stationary cargo tanker, causing an oil spill that has blackened part of the city-island’s...

Denmark Seeks to Limit Shadow Tanker Fleet Carrying Russian Oil

Jun 17 2024 // Denmark is considering ways to stop a so-called shadow fleet of tankers from carrying Russian oil through the Baltic Sea, the Nordic country said on Monday, triggering a sharp response from Moscow’s diplomats who...

Texas Ranchers Face Growing Risk as Abandoned Oil Wells Gush Gassy Water

Jun 13 2024 // In recent years, Schuyler Wight has noticed a growing number of abandoned oil wells coming back to life, gurgling fluids on the surface of his West Texas ranch. Last week he found the biggest one yet.Gassy water was...