Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Brazil Miner Vale to Pay $56M to Settle SEC Charges Related to Dam Safety Disclosures
Mar 29 2023 // Brazilian mining firm Vale SA agreed to pay $55.9 million to settle charges related to allegedly false and misleading disclosures about the safety of its dams prior to a 2019 dam collapse in Brazil that killed 270 people,...
Russia Has Successfully Rerouted Oil Exports Hit by Western Embargo: Energy Minister
Mar 28 2023 // Russia has successfully redirected all its crude oil exports affected by Western sanctions over Ukraine to “friendly” countries, Energy Minister Nikolai Shulginov said on Tuesday, while still a decline in oil...
Aging Shadow Fleet, Shipping Russian Oil, Poses Disaster Risk
Mar 27 2023 // The oil tanker Turba normally should have been melted down by now. The 26-year-old vessel hasn’t had a full inspection since 2017, according to a database dedicated to promoting safe shipping. It also lacks industry...
California May Punish Oil Companies for High Gas Prices
Mar 24 2023 // A first-in-the-nation bill to punish oil companies for profiting from price spikes at the pump breezed through the California Senate on Thursday at the urging of Democratic Gov. Gavin Newsom, the first major vote in an...
Oil Spills and Near Misses: Growing Numbers of Ghost Tankers Ship Sanctioned Fuel
Mar 23 2023 // An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near Cuba. A third is seized in Spain for drifting out of control. These vessels were part of a...
Chubb Announces Climate-Focused Underwriting Standards for Oil and Gas Extraction
Mar 22 2023 // Chubb Ltd. announced new underwriting criteria for oil and gas extraction projects that will require clients to reduce methane emissions, a by-product of oil and gas production that are among the most severe greenhouse...
Toxic Spills at Alberta’s Oil Sands Spur Canada to Boost Regulatory Oversight
Mar 21 2023 // Canada’s federal government is stepping up environmental oversight in Alberta’s oil sands after Imperial Oil Ltd. and the provincial regulator were slow to report toxic spills. Environment Minister Steven...
California Regulators Could Decide Oil Profits Penalty
Mar 17 2023 // California Gov. Gavin Newsom said he wants state regulators to decide whether to impose the nation’s first penalty on oil companies for price gouging, pivoting after months of negotiations with legislative leaders...
Texas Oil & Gas Company Filed $39K After Employee Suffers Fatal Exposure
Mar 16 2023 // Federal investigators found an oil and gas company employee suffered fatal exposure to hydrogen sulfide while working near a sump pit in September 2022. The U.S. Department of Labor’s Occupational Safety and Health...
Citgo’s Lawsuit Against Lloyd’s Insurer Over Seized Venezuelan Oil Gets Go-Ahead
Mar 16 2023 // Citgo Petroleum Corp. may move forward with an attempt to collect more than $40 million it claimed from insurers after Venezuelan authorities in 2020 seized almost a million barrels of its oil. US District Judge Gregory...
Green Groups Sue Biden Admin Over Approval of Alaska Willow Oil Project
Mar 15 2023 // Six environmental groups filed a lawsuit on Tuesday over the Biden administration’s approval of ConocoPhillips’ Willow oil and gas project in Alaska, which they claimed could be a stepping stone to more...
Ship With No Permit Causes Philippine Oil Spill; Cleanup Is ‘Logistical Nightmare’
Mar 15 2023 // The Philippines is grappling with the fallout of an oil spill south of Manila, with a contractor describing the cleanup as a “logistical nightmare” amid questions on why the ship carrying industrial fuel was...
Philippines Increases Efforts to Contain Oil Spill From Sunken Tanker
Mar 14 2023 // Philippine authorities have increased efforts to contain an oil spill from a sunken fuel tanker that has affected coastal towns and was still spreading, the environment ministry said on Tuesday, as the country grapples...
California Oil Company Paying $65M for Oil Spills
Mar 8 2023 // A defunct company that spilled more than a million gallons of crude oil and wastewater in California must pay more than $65 million in penalties and cleanup costs, federal prosecutors announced. A federal court entered a...
Should a State Surcharge Insurers That Underwrite Fossil Fuel Risks?
Mar 7 2023 // Connecticut lawmakers are considering imposing a surcharge on insurers’ premiums from the fossil fuel industry. The proposal (SB-1115) calls for a tax of 5% of any premiums any insurer licensed in the state receives...
Indonesia to Relocate Residents or Move Fuel Facility After Fire Kills 16
Mar 6 2023 // Indonesia will relocate residents living near a fuel-storage fire that killed 16 people or remove the depot owned by state energy company Pertamina to a safer location, President Joko Widodo said on Sunday. The decision...
Shell Wins Bid to Limit British Suit Over Nigeria Delta Oil Spill
Mar 3 2023 // Shell Plc won a bid to limit a British lawsuit over an oil spill off the coast of Nigeria after a judge ruled that a group of thousands of Nigerians couldn’t prove that the disaster continued to wreak devastation on...
Shipping Companies Reach $97M Settlement in California Oil Spill
Mar 3 2023 // Shipping companies will pay nearly $97 million to settle a lawsuit with a pipeline operator over a 2021 oil spill off the coast of Southern California, the pipeline company said Wednesday. Amplify Energy, the Houston-based...
Texas Utility Regulators Propose Changes to Electricity Market
Mar 1 2023 // The winter storm that hit Texas in February 2021 strained the state’s electricity grid so much that power had to be cut to millions of homes and businesses to prevent the grid’s complete failure. At least 200...
Russian Oil Is Being Stored in Ghana as Pool of Buyers Shrinks
Feb 27 2023 // A cargo of Russian oil is heading for storage tanks in Ghana, a nation that exports crude itself and is on the doorstep of two regional supply powerhouses. The development suggests that traders could be scouring the market...
