Latest Oil Gas Headlines

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

Iron-Starr Forms Underwriting Alliance with Oil Casualty Insurance

Jun 10 2016 // Ironshore Inc. has added Oil Casualty Insurance, Ltd. (OCIL) as a subscribing insurer to Iron-Starr Excess Agency Ltd. for Financial Lines business. Iron-Starr currently underwrites on behalf of Ironshore Insurance Ltd....

Lying About Gulf Oil Spill Size to Investors to Cost BP $175M

Jun 3 2016 // BP Plc said it agreed to pay $175 million to settle claims by U.S. investors that its managers lied about the size of the 2010 Gulf of Mexico oil spill to prop up its stock price, removing the company’s last major...

Insurer Fossil Fuel Divestment Focus of Washington Climate Change Summit

Jun 2 2016 // Getting insurers to rid themselves of investments in fossil fuels, creating products to deal with climate change and helping the world better understand risk, were among the topics on Wednesday at a summit on the insurance...

North Dakota Governor: Oil Industry ‘Solid’

May 27 2016 // North Dakota Gov. Jack Dalrymple told industry and government officials on May 25 that the state’s unprecedented oil boom that made it the economic darling of the nation is far from going bust.“From our...

What University of Washington’s Climate Risk and Insurance Summit Has in Common with Paris

May 26 2016 // It may not be a climate change summit for the ages like last year’s Paris meeting in which world leaders hashed out a historic agreement to reduce carbon emissions, but it does have two things in common with the 2015...

North Dakota Company Settles Racial Discrimination Suit for $250K

May 26 2016 // A Williston, N.D.-based oil field service company will pay $250,000 to a worker it fired after he complained of harassment to settle a discrimination and retaliation lawsuit filed by the U.S. Equal Employment Opportunity...

Thousands of Gallons Spilled from California Oil Pipeline

May 25 2016 // Hazardous materials crews are cleaning up as many as 21,000 gallons of oil after a pipeline rupture in Northern California.The San Francisco Chronicle reports that Shell Pipeline Co. officials say a response team is...

Canada’s Oil Sands Facilities Prepare to Restart as Wildfires Begin to Slow

May 25 2016 // All of the Canadian oil-sands facilities that workers fled last week as a wildfire spread are being allowed to prepare for restart as cool, humid weather has helped contain the inferno.Alberta lifted mandatory evacuation...

Report Calls Out Insurers for Half-a-Trillion Dollars in ‘Dirty Energy’ Investments

May 24 2016 // Leading U.S. insurers have nearly half-a-trillion dollars invested the fossil fuel energy and the electric and gas utility sectors, according to a report out today that urges state insurance regulators and board members of...

Louisiana Governor Wants Oil Industry to Pay for Coastal Restoration

May 23 2016 // Gov. John Bel Edwards is pushing to get the oil and natural gas industries to pay for restoring Louisiana’s fragile coast by encouraging them to settle lawsuits alleging they caused extensive damage to coastal...

Insurers Limit Earthquake Exposure in Oklahoma

May 23 2016 // As the number of earthquakes in Oklahoma exploded into the hundreds in the last few years, nearly a dozen insurance companies moved to limit their exposure, often at the expense of homeowners, a Reuters examination has...

Transportation Department Blames Pipeline Company for California Oil Spill

May 20 2016 // Numerous lapses in safety measures, judgment and planning by Plains All American Pipeline LP led to and worsened a major oil spill last year that fouled miles of shoreline and ocean near Santa Barbara, Calif., the U.S....

UT Study Links Recent Texas Quakes to Oil Activity

May 19 2016 // A new study by researchers at the University of Texas at Austin concludes that human activity has been a factor in earthquakes throughout the state for nearly 100 years. The study conclusions are in a paper to be published...

Alberta Wildfires Spread North, Threatening Oil Sands Facilities, Workers’ Camps

May 17 2016 // Wildfires raging across northern Alberta for more than two weeks have come to within a kilometer of an Enbridge Inc. oil-sands transportation terminal as warm weather and wind spread the flames, while workers were...

8 Suits Filed over Crude Oil Spill along Louisiana’s Bayou Teche

May 16 2016 // Eight lawsuits have been filed by people seeking damages from a Texas industrial services company that spilled about 12,500 gallons of crude oil in March along and into the Bayou Teche in Louisiana.The Advocate reports the...

XL Catlin Strengthens Global Energy Team with 4 Senior Appointments

May 13 2016 // XL Catlin’s insurance operations announced it has strengthened its energy team globally with four senior hires: Wayne Jacobson, Joseph Tina, Helen Watkinson and Denise Dass-Hewitt.In the Americas, XL Catlin has...

Insurers Limit Exposure as Quakes Increase in Oklahoma

May 13 2016 // As the number of earthquakes in Oklahoma exploded into the hundreds in the last few years, nearly a dozen insurance companies moved to limit their exposure, often at the expense of homeowners, a Reuters examination has...

Alberta Wildfires Spare Almost 90% of Fort McMurray, Canada’s Energy Hub

May 10 2016 // The massive wildfires that swept through Canada’s energy hub of Fort McMurray left almost 90 percent of the city intact, including most of the downtown core, while completely leveling some neighborhoods.“This...

Alberta Wildfires Set to Veer from Oil Sands Operations, Spreading More Slowly

May 9 2016 // Wildfires raging through Alberta are set to move away from the main oil-sands facilities north of Fort McMurray after knocking out an estimated 1 million barrels of production from Canada’s energy hub. A cold front...

Alberta Wildfire Insured Losses Could Total $7.3B, Covering Area Bigger Than NYC

May 6 2016 // The wildfires ravaging Canada’s oil hub in northern Alberta have rapidly spread to an area bigger than New York city, prompting the air lift of more than 8,000 evacuees as firefighters seek to salvage critical...