Latest Oil Gas Headlines

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

Burning Houthi-Hit Oil Tanker Set for Fresh Rescue Effort

Sep 13 2024 // Specialist salvage teams are set to renew efforts to remove a blazing oil tanker that’s been stuck in the Red Sea for over three weeks after it was attacked by Houthi militants, the European Union naval force in the...

Tropical Storm Francine Strengthens, Spurring Oil Shutdowns

Sep 9 2024 // Tropical Storm Francine strengthened as it moved north in the Gulf of Mexico, prompting oil drillers to evacuate crews and halt some offshore crude production, while the US Coast Guard warned shippers of approaching...

Gulf of Mexico Oil Drilling Under Threat From Government Impasse

Sep 5 2024 // A fight over Gulf of Mexico oil production is looming in Washington as US regulators race to redo guidance on how to protect endangered species ahead of a deadline that could ultimately threaten about 15% of the...

Salvage of Stricken Oil Tanker in Red Sea Expected in Coming Days, Sources Say

Aug 30 2024 // A salvage operation to recover a Greek registered oil tanker stranded in the Red Sea after an attack by Houthi militants is expected to start in the coming days, two sources with knowledge of the matter said on Friday.What...

EU Mission in Red Sea Says no Oil Spill From Tanker Damaged in Houthi Attack

Aug 29 2024 // The European Union’s mission in the Red Sea said on Wednesday there was no oil spill in the waters near the Greek-flagged tanker hit by a fiery Houthi militant attack off Yemen’s coast.The mission, called...

Houthis Say Tugs Can Tow Away Stricken Oil Tanker Attacked in Red Sea

Aug 29 2024 // Yemen’s Houthi militants said they’ll let tugboats tow away an oil tanker that they attacked last week in the Red Sea, a step that might to help avert an environmental disaster.The 900-foot Sounion was hauling...

Red Sea Insurance Nearly Doubles After Attacked Oil Tanker Appears to Be Leaking Oil

Aug 28 2024 // The cost of insurance for ships sailing through the Red Sea has nearly doubled after Yemen’s Houthis attacked a tanker that appears to be leaking oil, with environmental fears growing for the trade route, industry...

Update: US Warns Leaking Oil Tanker Poses Growing Red Sea Pollution Risk

Aug 28 2024 // An abandoned oil tanker attacked in the Red Sea by Iran-backed Houthi rebels a week ago appears to be burning and leaking, raising the specter of an environmental disaster, a Pentagon spokesman said on Tuesday.The comments...

Fires Burn on Houthi-Hit Oil Tanker but No Spill Yet, EU Says

Aug 26 2024 // Fires were burning around the oil tanks of a ship that was attacked by Houthi militants in the Red Sea, but there were no signs of a spill so far, the European Union naval force in the region said.Flames were seen in at...

Fires Spotted on Red Sea Tanker Drifting With Oil on Board

Aug 23 2024 // The UK Navy said that three fires have been observed on a ship attacked in the Red Sea earlier this week.The Sounion’s crew were evacuated from the ship in the past few days after the vessel was struck by multiple...

London-Based Ship Registry Helps Russia Oil Tankers Keep Running

Aug 23 2024 // Three oil tankers that are under British sanctions for transporting Russian petroleum are sailing under the flag of a nation that bases its operations in London.The Galaxy, the Liberty and the Rigel, all of which moved...

Crew Evacuated From Houthi-Stricken Oil Tanker in Red Sea

Aug 22 2024 // The crew of a ship that suffered several attacks in the Red Sea has been evacuated with naval support.Delta Tankers, which operates the Sounion, said Thursday that plans are now in place to move the vessel to a safer...

Pressure Mounts on Texas Regulator as ‘Zombie’ Oil Wells Spill Toxic Fluids

Aug 15 2024 // PECOS COUNTY, Texas – On a sprawling ranch in Pecos County in late July, oil well control specialist Hawk Dunlap used a backhoe to uncover an abandoned or so-called zombie well that had sprung back to life despite being...

Western Insurers Provide Cover for Russian Oil Despite Price Cap Concerns

Aug 8 2024 // A group of Western insurers have provided cover for tankers carrying Russian crude, keeping its oil flowing after many in the trade sector withdrew for fear of breaching the rules of a G7 price cap, data from traders and...

Study Links Fracking Wastewater Injection to Surface Blowouts in West Texas Oil Wells

Aug 7 2024 // Fracking wastewater, injected underground for permanent disposal, traveled 12 miles through geological faults before bursting to the surface through a previously plugged West Texas oil well in 2022, according to a new...

How Iran Oil Link Could Complicate Insurance Claims After Tankers Collide Off Singapore

Aug 5 2024 // A collision between two tankers off Singapore in July raises questions over insurance claims, as one of the vessels previously shipped Iranian oil, potentially complicating payments due to Western sanctions, ship-trackers...

Oil and Gas Power Lines Suspected of Causing Texas Panhandle Wildfires

Aug 1 2024 // When a spate of wildfires tore across the Texas Panhandle in February and scorched 20,000 acres of Craig Cowden’s ranch near Skellytown, he decided he had had enough. Cowden took on a second unofficial job: looking...

Officials Cleaning Up Oil Spill in Southern Louisiana Parish

Aug 1 2024 // NEW ORLEANS (AP) — A storage tank spilled tens of thousands of gallons of crude oil in a southern Louisiana parish, threatening drinking water and wildlife as officials work to clean it up.The storage tank spilled...

Damaging West Texas Earthquakes Likely Caused by Oil and Gas Activity: USGS

Jul 31 2024 // Damaging earthquakes that rocked West Texas in recent days were likely caused by oil and gas activity in an area that has weathered tremors for decades, according to the U.S. Geological Survey.A sequence that began in 2021...

South Africa Races to Contain Oil Spill From Wrecked Cargo Ship

Jul 30 2024 // South Africa dispatched crews to contain an oil spill from a cargo vessel that ran aground earlier this month because of extreme weather conditions.Strong waves eroded the hull of the 125-meter (410-foot) MV Ultra Galaxy,...