Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
An Oil Tanker Ablaze in South China Sea Is Warning of Global Problem
May 8 2023 // Off the coast of Malaysia, in one of the world’s busiest shipping channels, an explosion on board the aging oil tanker Pablo ripped off its deck like a sardine can and began a fire that sent dark plumes of smoke into...
Venezuela’s Oil Tankers at Risk of Spills, Sinking, Fires, Collisions: Report
May 5 2023 // More than half of the 22 oil tankers in Venezuela’s fleet are so run down that they should be immediately repaired or taken out of service, according to an internal report from state-run oil company PDVSA that was...
Exxon, Guyana Environmental Agency in Breach of Oil-Spill Insurance Obligations: Court
May 5 2023 // An Exxon Mobil unit is in breach of insurance obligations for its first offshore oil project in Guyana in part due to errors by the environmental regulator, a Guyanese court ruled on Wednesday, a decision the government...
Burning Oil Tanker off Malaysia Rings Alarm Bells About Shadow Fleet
May 2 2023 // Three crew members are missing from a Gabon-registered tanker that caught fire on Monday in the South China Sea, a Malaysian maritime enforcement agency official said on Tuesday. The Pablo, an Aframax-class crude oil...
Court Ends Challenge to 2021 Gulf Oil and Gas Lease Sale
May 1 2023 // NEW ORLEANS (AP) – A lawsuit by environmentalists seeking to block the 2021 sale of Gulf of Mexico oil and gas leases auctioned off by the federal government was rejected by a federal appeals court in...
Oil Tanker Seized by Iran Had Indian Crew, Turkey-Based Operator Says
May 1 2023 // An oil tanker seized by Iran on Thursday was carrying Kuwaiti crude and had a crew of 24 Indians, according to the operator. The US has demanded the immediate release of the the Marshall Islands-flagged Advantage Sweet,...
Rising Oil Prices Complicate Russian Price Cap Checks for Insurers
Apr 28 2023 // Key figures in the insurance industry said rising Russian oil prices are making it harder for them to know if they can lawfully cover Russian cargoes. Since December, buyers of Russian crude oil have only been allowed to...
Blast at Chicago Area Petroleum Plant Leaves 1 Dead, 1 Injured
Apr 27 2023 // LEMONT, Ill. (AP) – An explosion and fire at a suburban Chicago petroleum refinery killed one person and injured a second Tuesday morning, authorities said. The Will County Sheriff’s Office said one person was...
Ship Insurers Warn of Russian Oil Price Cap Evasion, Risks of Growing ‘Dark Fleet’
Apr 27 2023 // A rise in spot prices for Russian crude oil to above the $60 per barrel cap imposed by western powers has made ship insurers even more nervous of running foul of the rules as they are unable to independently track the...
Louisiana Energy Company Agrees to $3.1M Settlement Over 2017 Oil Leak
Apr 21 2023 // NEW ORLEANS (AP) – A Louisiana energy company has reached a tentative $3.1 million settlement with the federal government over a 2017 Gulf of Mexico oil leak. The agreement, called a consent decree, was filed in...
Tanker Company Shipping Russian Oil Loses Insurance on G-7 Price Cap
Apr 21 2023 // An oil tanker company heavily involved in moving Russian oil lost industry standard insurance for its fleet after falling foul of a Group of Seven price cap relating to the transportation of the nation’s...
People Moves: AIG Asia Pacific Appoints BHSI’s Colahan as Regional President; Gallagher Re Hires McMillan From Siemens as Renewable Energy Practice Leader
Apr 13 2023 // This edition of International People Moves details appointments at AIG Asia Pacific and Gallagher Re. A summary of these new hires follows here. AIG Appoints BHSI’s Colahan as Regional President, AIG Asia...
13 Years Later, Oil Drilling in Gulf Safer, But Concerns Persist, Study Shows
Apr 6 2023 // Thirteen years after the massive Deepwater Horizons spill fouled the Gulf of Mexico, regulators and industry have reduced some risks in deep water exploration in the gulf but some troublesome safety issues persist, a new...
Western Curbs on Russian Oil Products Redraw Global Energy Shipping Patterns
Apr 6 2023 // Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping...
Alaska Oil Project Construction Allowed as Lawsuits Play out
Apr 5 2023 // Construction can proceed related to a major oil project on Alaska’s petroleum-rich North Slope after a federal judge on Monday rejected requests to halt work until challenges to the Biden administration’s...
Leading Investor Group NZAOA Toughens Stance on New Upstream Oil & Gas Projects
Apr 3 2023 // The Net Zero Asset Owner Alliance (NZAOA) said on Wednesday [March 29] it expects members to make no new direct investments in upstream oil and gas infrastructure projects for new fields, as part of efforts to rein in...
UN Maritime Agency Raises Safety Concerns About Shadow Oil Tanker Fleet
Apr 3 2023 // A United Nations agency that oversees shipping raised concerns about the shadow fleet of tankers that has emerged to transport oil amid sanctions, calling for more steps to boost safety. States that become aware of ships...
Activist Group Calling for Immediate Halt to Insuring Fossil Fuels
Mar 30 2023 // A letter to the world’s insurance companies from a climate activist group calls on the industry to immediately stop insuring companies and projects that promote the expansion of coal, oil and gas, and phase out all...
$264M Offered for Gulf Oil Under Climate Compromise
Mar 30 2023 // Oil companies offered a combined $264 million for drilling rights in the Gulf of Mexico on Wednesday in a sale mandated by last year’s climate bill compromise. The auction was the first in the Gulf in more than a...
Russia Still Uses Western Insurance for Half of Tanker Fleet That Exports Its Oil
Mar 30 2023 // Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according to data compiled by Bloomberg, and the country’s energy officials are voicing concerns about the...
