Latest Oil Gas Headlines

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

UK Puts First Sanctions on Russia’s Shadow-Fleet Oil Tankers

Jun 13 2024 // The UK announced wide-ranging sanctions on Russia, including a first attempt to clamp down on a shadow-fleet of tankers transporting the Kremlin’s oil and a key Moscow-based insurance company.The measures target four...

Supreme Court Seeks Government Views on Honolulu Climate Suit Against Oil Companies

Jun 10 2024 // The U.S. Supreme Court on Monday asked President Joe Biden’s administration to offer its views on a bid by Sunoco and other oil companies to scuttle a lawsuit by Honolulu accusing them of deceiving the public about...

Russian Oil Tanker Does Secret Cargo Switch Near Singapore to Dodge US Sanctions

Jun 10 2024 // The first Russian oil tanker attempting to deliver crude while under US sanctions made a secret cargo transfer onto another ship, a sign of the lengths to which Moscow is going to undermine the effectiveness of American...

State Work-Release Prisoner Killed in Blast While Welding Fuel Tank

Jun 6 2024 // A state prisoner on a work-release program was killed in a fuel tank explosion while he was working as a welder for an employer in Rockport, the Maine Department of Corrections said last Saturday. Sean Rancourt was welding...

Sanctioned Oil Tankers Pose Rising Environmental Risk in Mediterranean, Greece Says

Jun 5 2024 // Unregulated tankers sidestepping Western sanctions are posing a bigger risk to the Mediterranean region and Greece is undertaking more protective measures to safeguard its coast, the country’s shipping minister told...

Russian Oil Finds New Site for Controversial Cargo Switching

Jun 4 2024 // Under pressure from Greece’s navy, traders of Russian oil have found a new place to switch cargoes of crude in the Mediterranean sea, a sign of how hard it will be to clamp down on an activity that has alarmed...

Vermont Is 1st State With Law Requiring Oil Companies Pay for Climate Change Damage

Jun 3 2024 // Vermont has become the first state to enact a law requiring fossil fuel companies to pay a share of the damage caused by climate change after the state suffered catastrophic summer flooding and damage from other extreme...

Israel Aims to Boost Red Sea Oil Deliveries Despite Environmental Risks

May 31 2024 // Israel plans to allow more oil tankers to dock at a Red Sea port in Eilat despite environmental risks, as it strives to maintain energy security amid conflict on multiple fronts, according to Israeli officials and...

EU Weighs Proposal to Sanction Russian Oil Tanker Insurer Ingosstrakh

May 30 2024 // The European Union’s executive arm is examining the feasibility of a proposal by one of its member states to sanction Russia’s Ingosstrakh Insurance Co., as part of efforts to choke revenue generating streams...

Growing Shadow Fleet of Tankers, Shipping Sanctioned Oil, Are Burning Dirty Fuel

May 29 2024 // The growing shadow fleet of tankers transporting sanctioned Iranian, Venezuelan and Russian oil is filling up with the cheapest fuel available, hindering industry efforts to use cleaner fuel to cut shipping emissions,...

Shipping Companies Fined $2M for Dumping Oil in Atlantic Ocean

May 24 2024 // NEW ORLEANS (AP) — Two shipping companies agreed to pay $2 million in penalties after pleading guilty to federal charges related to the dumping of oil in the Atlantic Ocean by a ship bound for New Orleans last year. The...

Oil Shipments at Risk From Rising Sea Levels, Think Tank Warns

May 22 2024 // Rising sea levels could severely disrupt crude oil shipments and erode energy security in import-dependent countries like China, South Korea and Japan, with many of the world’s biggest terminals vulnerable to...

China-Bound Oil Tanker Hit by Houthi Missile in Red Sea, US Says

May 20 2024 // A China-bound oil tanker in the Red Sea was struck and temporarily disabled by a ballistic anti-ship missile fired by Houthi militants, the US Central Command said.The strike Saturday on the Greek-owned M/T Wind caused...

Up to 2,000 Gallons of Oil Spilled into Galveston Bay After Barge Accident

May 20 2024 // GALVESTON, Texas (AP) — Early estimates indicate up to 2,000 gallons of oil may have spilled into surrounding waters when a barge carrying fuel broke free from a tugboat and slammed into a bridge near Galveston, Texas,...

Nearly All Sanctioned Russian Oil Tankers Remain Idle and Empty Months After Sanctions

May 20 2024 // Dozens of tankers remain stuck doing nothing months after being sanctioned by the Treasury Department — a signal of the US’s scope to disrupt Moscow’s petroleum supply chain if it chooses to.Since October, 40...

Deadly US Oil Blast Exposes Risks of Pushing Profits Over Safety

May 17 2024 // The explosion that rocked Marathon Petroleum Corp.’s Galveston Bay oil refinery one year ago trapped Rigoberto Guillen 75 feet in the air. Stranded on a metal platform, he and a colleague crouched low as black smoke...

Driver Says He Smoked Pot Oil, Took Meds Before Florida Crash That Killed 8 Workers

May 17 2024 // OCALA, Fla. (AP) — A man with a long record of dangerous driving told investigators he smoked marijuana oil and took prescription drugs hours before he sideswiped a bus, killing eight Mexican farmworkers and injuring...

Wildfires Could Affect Over Half of Canada’s Oil Sands Output: Report

May 17 2024 // More than half of the oil sands production from Canada could be impacted if the wildfires in Alberta and British Columbia worsen, Rystad Energy said in a report on Thursday.WHY IT’S IMPORTANT Canada is one of the...

Firefighters Gain Control of One Blaze Threatening Oil Sands in Alberta

May 17 2024 // Firefighters gained control of one wildfire near the main oil-sands region of Alberta on Wednesday, but continued to battle a much larger blaze to the south that’s threatening the area’s biggest city.The fire...

Oil-Sands Capital of Canada Now Grappling With Second Wildfire

May 16 2024 // The unofficial capital of Canada’s oil-sands industry is now facing a second wildfire that’s north of the city and closer to major energy operations.The new blaze near Fort McMurray, Alberta, is about 3...