Latest Oil Gas Headlines

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

Activist Group Scorecard: Insurers Adopting Policies on Oil and Gas Slowed in 2023

Jan 12 2024 // The number of insurers adopting policies on oil and gas has slowed, according to climate activist organization Insure Our Future’s seventh annual “Scorecard on Insurance, Fossil Fuels and the Climate...

Supreme Court Allows Minnesota Lawsuit Against Fossil-Fuel Industry to Proceed

Jan 9 2024 // The U.S. Supreme Court ruled that Minnesota’s lawsuit against major actors in the fossil-fuel industry may proceed in state court. Without comment, the Court denied the petition of defendants ExxonMobil, the American...

Oil Tankers Continue Red Sea Movements Despite Houthi Attacks

Jan 9 2024 // Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by Iran-aligned Houthi militants, a Reuters analysis of vessel tracking data showed.The...

Russia Oil Tankers Are Doing Strange Things Since Ramp Up of US Sanctions

Jan 8 2024 // There are growing signs that Russia’s oil flows might be facing disruption in the aftermath of a ramp up in US sanctions targeting traders and shipping companies moving the nation’s petroleum.Over the past...

Washington State’s New Safety Management Rules for Petroleum Workers

Jan 2 2024 // The Washington State Department of Labor & Industries filed a formal update to workplace safety rules designed to prevent catastrophic events the Tesoro explosion that killed seven workers in 2010 and the Equilon...

Honda Recalling 2.5 Million US Vehicles Over Fuel Pump Issue

Dec 21 2023 // Honda Motor‘s American unit is recalling 2.54 million vehicles in the United States over risks of fuel pump failure, the first recall for the issue by the Japanese automaker.Honda previously recalled 628,000 U.S....

Citgo Wins $54M from Lloyd’s Insurers After Oil Seized by Venezuela Government

Dec 21 2023 // (Bloomberg) — Citgo Petroleum Corp. was awarded an insurance payment of more than $54 million for almost 1 million barrels of crude seized by the Venezuelan government.A jury in federal court in Manhattan decided...

Climate Activists, Greenpeace and Uplift, Sue UK Over Rosebank Oil Field

Dec 19 2023 // Greenpeace UK and climate campaigner Uplift filed separate legal challenges in Scotland seeking to rescind government approval for the Rosebank oil development in the North Sea.Equinor ASA and partner Ithaca Energy Plc...

Shadow-Fleet Oil Tanker Insurer Gets Shut Down by Marshall Islands

Dec 19 2023 // A company that offers insurance to the burgeoning shadow fleet of oil tankers — including one that ran aground off the coast of Indonesia — was shut down by the Marshall Islands, the firm’s only published...

Nations Strike Deal at COP28 to Transition Away From Fossil Fuels

Dec 13 2023 // Representatives from nearly 200 countries agreed at the COP28 climate summit on Wednesday to begin reducing global consumption of fossil fuels to avert the worst of climate change, a first of its kind deal signaling the...

Houthi Militants Hit Fuel Tanker With Missile in Vital Red Sea Trade Artery

Dec 12 2023 // A fuel tanker was struck by missile as it navigated the Red Sea, the latest in a string of incidents that have turned the area where the attack took place into the world’s riskiest waters.The vessel’s owner...

Shadow-Fleet Oil Tanker Runs Aground Near Singapore

Dec 8 2023 // A shadow-fleet oil tanker that had previously falsified its location to avoid detection on digital ship-tracking systems ran aground near Singapore, a stark reminder of the environmental risks that such vessels pose.A...

EPA Finalizes Regulation Requiring Oil and Gas Operators in Texas to Reduce Methane Emissions

Dec 5 2023 // The Environmental Protection Agency on Saturday finalized a long-anticipated climate regulation that will require oil and gas operators to dramatically reduce how much methane, a potent greenhouse gas, is escaping from...

Global Carbon Emissions From Fossil Fuels to Hit Record Peak in 2023: Report

Dec 5 2023 // The Global Carbon Project, an international collaboration of scientists, estimates that worldwide carbon dioxide emissions from burning fossil fuels will rise 1.1% this year over 2022, to 36.8 billion metric tons....

Authorities Estimate Up to 1.1 million Gallons of Oil Discharged Into Gulf of Mexico From Louisiana Pipeline

Nov 28 2023 // NEW ORLEANS (AP) – As much as 1.1 million gallons of oil may have been discharged into the Gulf of Mexico from a pipeline system off Louisiana`s southeast coast, the U.S. Coast Guard said last week.The affected pipeline...

Explosions at Michigan Petroleum Refinery Cause Fire and Evacuation of Nearby Residents

Nov 27 2023 // WHITE LAKE TOWNSHIP, Mich. (AP) – Explosions at a petroleum refinery outside Detroit caused a fire and led to the evacuation of some nearby residents, authorities said.The first explosion occurred shortly after 10 p.m....

Shell to Face UK Trial Over Devastating Nigerian Oil Spills

Nov 27 2023 // A UK court ruled that a group of Nigerian fishermen can bring claims against Shell Plc over oil pollution that devastated their communities, as a long-running legal case edges closer to a trial.The 13,000 fishermen from...

Federal Authorities Investigate Underwater Oil Pipeline Leak off Louisiana Coast

Nov 20 2023 // VENICE, La. (AP) – Federal authorities said Saturday that they`re investigating a leak from an underwater oil pipeline off the coast of Louisiana. The National Transportation Safety Board said on X, formerly known as...

Tankers, Newly Sanctioned by US, Supplied Russian Oil to India

Nov 17 2023 // Three oil tankers, newly sanctioned by Washington, regularly shipped Sokol crude from Russia’s Far East to Indian Oil Corp, the country’s top refiner, in recent months, according to shiptracking data from LSEG,...

US Sanctions Maritime Companies, Vessels for Shipping Oil Above Russian Price Cap

Nov 17 2023 // The U.S. on Thursday imposed sanctions on maritime companies and vessels for shipping Russian oil sold above the G7’s price cap, as Washington seeks to close loopholes in the mechanism designed to punish Moscow for...