Latest Oil Gas Headlines

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

Energy Companies Want Oklahoma Judge to Toss Earthquake Suit

Dec 10 2015 // Two energy companies asked a judge on Dec. 9 to throw out a lawsuit by an Oklahoma woman who claims she was injured in an earthquake caused by the injection of wastewater deep into the ground — a long-used method to...

Liberty Mutual Posts $427 Million Q3 Loss on Venezuela Operations, Energy

Dec 10 2015 // Liberty Mutual Holding Co., the second- largest U.S. property-casualty insurer, posted its worst loss in at least a decade on costs tied to scaling back operations in Venezuela and the declining value of some...

Southern California Spill Spewing Gases of a Half-Million Cars

Dec 7 2015 // Call it the invisible spill.You can’t see it, but it’s there – a steady stream of natural gas seeping out of the pipe casing in a well in Southern California that may spew as much greenhouse gas into the air...

Canopius Group Appoints Lobo as Head of Upstream Oil & Gas Engineering

Dec 7 2015 // Zurich-headquartered Canopius Group AG announced the appointment of Francis Lobo as head of Upstream Oil and Gas Engineering, effective immediately.Lobo will report to Steve Warren, Group Head of Energy & Engineering,...

BP Supervisor Pleads Guilty to Misdemeanor in Deepwater Horizon Oil Spill

Dec 3 2015 // Manslaughter charges were dropped on Wednesday, Dec. 2, against a BP supervisor responsible for safety aboard the rig where an explosion killed 11 workers in 2010, and he pleaded guilty to a misdemeanor charge of violating...

7 Quakes Recorded in Oklahoma on Nov. 30; 1 a Magnitude 4.7

Dec 2 2015 // At least seven earthquakes rattled north-central Oklahoma on Monday, Nov. 30, including one felt 300 miles away in Iowa, prompting concern from local residents and policymakers that the state isn’t doing enough to...

Fossil Fuel Divestments by Insurers & Other Investors Top $3.4 Trillion: Activists

Dec 2 2015 // Insurers, cities and other investors controlling more than $3.4 trillion in assets have pledged to keep some or all of their money out of fossil-fuel companies — a high-water mark for the divestment movement,...

N.Y. Agency Advises Homeowners to Check Heating Oil Tanks to Prevent Leaks

Dec 1 2015 // The New York Department of Environmental Conservation is calling on homeowners who have oil furnaces to inspect their heating oil tanks for leaks that could lead to expensive cleanups. The agency says more than 2 million...

Anadarko’s $160 Million Fine for 2010 Gulf Oil Spill Falls Well Below What U.S. Sought

Nov 30 2015 // Anadarko Petroleum Corp. was ordered to pay almost $160 million for its role as part-owner of the doomed Gulf of Mexico well that in 2010 caused the biggest offshore oil spill in U.S. history.The fine was the last big...

Florida Counties Oppose State Fracking Proposal

Nov 29 2015 // Dozens of Florida cities and counties oppose a plan to give the state control over the oil and gas exploration process known as fracking.The Tallahassee Democrat reported on Nov. 28 that 20 counties and nearly 40 cities in...

Penn. Officials Remind Homeowners to Make Safety a Priority This Thanksgiving

Nov 25 2015 // Pennsylvania Fire Commissioner Tim Solobay and Insurance Commissioner Teresa Miller are reminding Pennsylvanians to celebrate Thanksgiving safely. According to the U.S. Fire Administration, the average number of home fires...

Allianz Plans to Sell Coal Holdings in Response to Climate Change Concerns: CIO

Nov 24 2015 // Allianz SE is turning its back on coal as returns evaporate from energy generation that is harmful to the environment.Europe’s largest insurer plans to exit holdings in mining companies and utilities that derive more...

Liberty Insurance Must Pay Attorneys’ Fees in Gulf Oil Spill Case

Nov 23 2015 // A federal appeals court has ruled against an insurer in its quest to avoid paying attorneys’ fees in litigation stemming from 2010’s Deepwater Horizon oil spill.The U.S. Court of Appeals for the 5th Circuit in...

Paris Climate Summit Will Seek New Path to Reduce Carbon Emissions

Nov 23 2015 // Next week, in the waning days of what is set to be the hottest year on record, world leaders meet on the outskirts of Paris for a summit that seeks nothing less than to steer the global economy away from its ever-growing...

Oil Company Prevails in Suit Against Insurers over Pipeline Rupture

Nov 16 2015 // An Arkansas federal jury has awarded an oil company nearly $72 million in damages from lost income and expenses stemming from the breach of a pipeline carrying oil from Louisiana to Arkansas.In litigation heard in federal...

Louisiana Parish Drops Wetlands Suits Against Oil, Gas Companies

Nov 15 2015 // A coastal Louisiana parish has voted to drop its lawsuits against oil and gas companies over damages officials had said the oil industry caused to wetlands by digging numerous canals.The Plaquemines Parish council voted to...

Railroad Bridge Safety, Inspection System Questioned in Report

Nov 12 2015 // Two environmental groups say they are worried about the safety of railroad bridges because inspection reports generally aren’t public, and railroads take care of their own bridges.The Waterkeeper Alliance and...

Insurance and Safety Issues Delay Iran’s Entry into Global Oil Tanker Market

Nov 12 2015 // Even after Western sanctions are lifted, Iran’s oil tanker fleet is expected to face more hurdles before many of the vessels can start trading again due to insurance hiccups and tougher requirements over sea...

2 Train Derailments in 2 Days in Wisconsin; Ethanol, Crude Oil Spilled

Nov 10 2015 // A Canadian Pacific Railway train carrying crude oil derailed on Nov. 9 prompting some evacuations in Wisconsin, the second day in a row a freight train derailed in the state.The eastbound CP train derailed about 2 p.m. in...

Oil Company Prevails in Suit Against Insurers over Pipeline Rupture

Nov 5 2015 // An Arkansas federal jury has awarded an oil company nearly $72 million in damages from lost income and expenses stemming from a 2012 breach of a pipeline carrying oil from Louisiana to Arkansas.In litigation heard in...