All the headlines from our Oil Gas Topic Page, ordered by recency.
Dec 12 2019 // Faced with imminent new global marine pollution rules, shipping companies and insurers are puzzling over the risks.To reduce emissions of toxic sulfur that cause premature deaths, shipowners who have long relied on the...
Dec 11 2019 // A new wave of lawsuits against BP is hitting the federal courts nearly a decade after the Gulf oil spill.The new litigation is the result of a court ruling that blocks thousands of people from a medical settlement...
Dec 10 2019 // Tighter government climate regulations by 2025 could wipe up to $2.3 trillion off the value of companies in industries ranging from fossil fuel producers to agriculture and car makers, an investor group warned in a...
Dec 8 2019 // Royal Dutch Shell Plc units won a UK ruling preventing London courts from enforcing a $516 million Nigerian judgment for damages caused by an oil spill half a century ago.Judge Jason Coppel on Thursday overturned an...
Dec 4 2019 // Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters.Aramco, the world’s largest oil...
Dec 4 2019 // AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of Petroleum Marketers Management Insurance Co....
Nov 25 2019 // The Trump administration’s move to relax an Obama-era chemical safety regulation put in place after an explosion at a fertilizer plant is the latest example of the White House easing rules established in the wake of...
Nov 22 2019 // One person was seriously injured in a Midland, Texas, explosion and fire on Thursday involving several storage tanks and a truck used in oilfield operations, city and hospital officials said.The fire was contained at the...
Nov 21 2019 // Insurers can no longer put off addressing the impact of climate change on their underwriting, pricing, and investment decisions, as well as their bottom lines, a recent analysis from Deloitte asserts.“The escalating...
Nov 20 2019 // A crude oil spill from the Keystone pipeline in eastern North Dakota has turned out to have affected almost 10 times the amount of land as first reported, a state regulator said.North Dakota environmental scientist Bill...
Nov 15 2019 // A cyber attack on computer networks of the Mexican national oil company Pemex is “totally under control” and did not have any negative consequences, Security Minister Alfonso Durazo said on Thursday.The attack...
Nov 15 2019 // A U.S. bankruptcy judge on Thursday approved a process for the sale of the Philadelphia Energy Solutions oil refinery, the largest and oldest on the East Coast, under which city officials and a trade union will consult on...
Nov 13 2019 // Hackers demanded about $5 million in bitcoin from Mexico’s Pemex, they told Reuters on Tuesday, saying the state oil firm missed a special discount by not paying immediately after a cyber attack that fouled up the...
Nov 12 2019 // A ransomware attack hit computer servers and halted administrative work on Monday at Mexican state oil firm Pemex, according to employees and internal emails, in hackers’ latest bid to wring ransom from a major...
Nov 8 2019 // Federal regulators have ordered the Keystone pipeline to remain shut down until its Canadian owner takes corrective action aimed at determining the cause of a breach that leaked an estimated 383,000 gallons (1.4 million...
Nov 6 2019 // How did a piece of piping installed when Richard Nixon was U.S. president go without once being checked before leading to a fire that devastated the East Coast’s largest and oldest oil refinery?That’s a...
Nov 5 2019 // A growing number of cities and states want to turn climate change lawsuits against oil companies into the next tobacco or opioid litigation. In principle, that seems like a truly terrible idea. Such lawsuits will likely do...
Nov 4 2019 // The U.K. fracking industry suffered a fatal blow as the Conservative government ended its support for the controversial practice.The move, just weeks ahead of a general election, effectively bans new wells using hydraulic...
Nov 4 2019 // The manager of an oil tanker being probed by Brazilian authorities in connection with an oil spill off the country’s coast has found “no proof” of the vessel conducting activities that may have led to...
Nov 1 2019 // TC Energy’s Keystone pipeline leaked an estimated 383,000 gallons (1.4 million liters) of oil in northeastern North Dakota, state regulators said Thursday.Crews on Tuesday, Oct. 29 shut down the pipeline that carries...