Latest Oil Gas Headlines

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

Willis Towers Watson, Chubb to Offer Global Coverage for Oil & Gas Industry

May 6 2016 // Willis Towers Watson has launched Risk Protect, an insurance and risk management product for companies serving the global oil and gas industry. Risk Protect applies industry specific insurance policy wording, underwritten...

BP Relents on Gulf Seafood Processors’ Oil Spill Damages But Still Pursues Attorney

May 4 2016 // After fighting for more than two years to avoid paying almost $1 billion in oil spill damages to Gulf Coast shrimpers, oystermen and seafood processors it claimed didn’t exist, BP Plc has thrown in the...

Update: Canadian Wildfire Rages, Leading to Evacuation of 80,000 People

May 4 2016 // Fire raged unchecked through the Canadian city of Fort McMurray overnight as authorities raced to complete the evacuation of its population of 80,000, fearful that hot, dry winds forecast for Wednesday would further fan...

Iowa Rail Safety Study: Dubuque County Vulnerable for Another Spill

May 3 2016 // A recent Iowa rail safety study says Dubuque County remains vulnerable to crude oil or biofuels spills more than a year after several railcars carrying ethanol derailed along the Mississippi River.The state’s...

Exxon Mobil Pays $2.63M Fine for Arkansas Pipeline Spill

May 3 2016 // Exxon Mobil has paid a $2.63 million fine more than three years after its Pegasus pipeline ruptured and spilled thousands of gallons of crude into a Mayflower neighborhood.Pipeline and Hazardous Materials Safety...

Supreme Court Denies BP Investors’ Class Action Over Losses Tied to Gulf Oil Spill

May 2 2016 // The U.S. Supreme Court on Monday declined a request from shareholders seeking to revive their class action lawsuit against BP claiming the British oil company misrepresented its safety procedures prior to the 2010 Gulf of...

Alabama Medical Marijuana Bill Headed to Governor

Apr 29 2016 // The Alabama legislature on Wednesday voted to decriminalize medicinal marijuana oil possession.In a 95-4 vote in the House of Representatives and a 29-3 vote in the Senate, legislators supported a bill supporters say is a...

EPA Nails Tesoro’s Washington Oil Refinery for Safety Violations

Apr 28 2016 // The U.S. Environmental Protection Agency has fined the Tesoro oil refinery in Anacortes, Wash. nearly $720,000 for alleged safety violations.The EPA said last week it filed a complaint seeking penalties for violations...

New York Urges Tighter Rules, More Insurance for Oil Trains

Apr 27 2016 // New York state’s comptroller urged federal authorities Tuesday to strengthen safety measures against oil spills and require trains to carry sufficient insurance to cover cleanup costs from major accidents.Comptroller...

U.S. Finalizes Offshore Oil Safety Rules

Apr 18 2016 // The Obama administration last Thursday unveiled new oil well control rules to prevent the kind of blowout that happened six years ago on a BP Plc rig in the Gulf of Mexico.The Interior Department’s Bureau of Safety...

Oil Spill in South Dakota Forces Shut Down of Keystone Pipeline

Apr 7 2016 // The Keystone pipeline will likely remain shut down for the rest of the week while officials investigate an apparent oil spill in southeastern South Dakota.Oil covered a 300-square-foot area in a farm field ditch 4 miles...

$2.6M Fine Against Exxon over Arkansas Oil Spill Upheld

Apr 3 2016 // The U.S. Pipeline and Hazardous Materials Safety Administration has upheld its $2.6 million fine against Exxon Mobile Pipeline Co. over an oil spill in central Arkansas.The agency has notified Exxon Mobil of its decision....

U.S. Seismic Risk Maps Now Include Earthquakes Caused by Humans

Mar 28 2016 // Earthquakes caused by human activity will now be included in the U.S. Geological Survey’s seismic risk maps, the agency said on Monday after a sharp rise in temblors linked to wastewater disposal wells used by the...

Wyoming Losing Workers Due to Energy Downturn

Mar 28 2016 // More people are leaving Wyoming than are coming to the state in the wake of thousands of jobs being lost in the fossil fuels extraction industry, and it’s a trend that an economist doesn’t see reversing until...

P&I Clubs Plug Shortfall in Iran Oil Cover; US Reinsurers Still Barred by Sanctions

Mar 23 2016 // Ship insurers have stepped in to help plug a shortfall in cover for transporting Iranian oil resulting from the fact that U.S. reinsurers are still restrained by Washington’s sanctions, according to officials...

Storms Set Oil Field Equipment on Fire Near Houston

Mar 21 2016 // Lingering thunderstorms were blamed for a fire that damaged an oil field equipment site on March 19 near Houston and power outages in South Texas that left more than 50,000 homes and businesses without...

Unknown Amount of Oil from Leaking Cargo Ship in Southern California Harbor

Mar 15 2016 // Authorities say a large cargo ship has leaked an unknown amount of oil in the Los Angeles Harbor.The Coast Guard says the leak was reported Sunday evening, where an oily sheen was visible near the vessel Istra Ace....

Judge: BP not Required to Pay Moratorium-Related Oil Industry Losses

Mar 14 2016 // A federal judge in Louisiana ruled that BP does not have to pay for economic losses other businesses suffered when the federal government shut down deep-water drilling in the wake of BP’s catastrophic 2010 oil spill...

Federal Judge Rules BP Absolved from U.S. Lawsuits Over Drilling Ban

Mar 11 2016 // BP Plc does not have to face U.S. lawsuits by energy and drilling companies over losses they suffered from an offshore drilling ban imposed soon after the 2010 Gulf of Mexico oil spill, a federal judge ruled.U.S. District...

Oklahoma Bill Would Confirm Oil & Gas Regulators’ Authority

Mar 10 2016 // A proposal that would confirm state regulators’ authority to bind companies to their directives has passed the state House and heads to the Senate.The state House of Representatives passed the bill that would...