Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
New Jersey Group Eyes Insurance Surcharges, Oil Fees to Fund Resiliency Projects
Jul 22 2024 // A 2% surcharge on property insurance policies, mandatory fees on the oil and gas industries, and holding a public referendum are ways a public-private group formed in the aftermath of Superstorm Sandy recommends to pay for...
Two Oil Tankers on Fire in Waters Near Singapore, Crew Members Rescued
Jul 19 2024 // Two large oil tankers were on fire on Friday after colliding near Singapore, the world’s biggest refueling port, with two crew members airlifted to hospital and others rescued from life rafts, authorities and one of...
Russian Tactics Make Secret Tanker Oil Switching Harder to Trace
Jul 17 2024 // Two near-identical oil tankers trying to beat western sanctions. A secret transfer of Russian crude halfway between Iran and Oman. A supertanker giving a false location. Welcome to the modern trade in Russian petroleum as...
Marathon Oil Reaches $241M Settlement for Air Quality Violations in North Dakota
Jul 16 2024 // The federal government announced a $241.5 million settlement with Marathon Oil last week for alleged air quality violations at the company’s oil and gas operations on the Fort Berthold Indian Reservation in North...
Crew of Capsized Oil Tanker Off Oman Still Missing, Maritime Center Says
Jul 16 2024 // The 16-strong crew of a Comoros-flagged oil tanker that capsized off Oman are still missing, the country’s maritime security center said on Tuesday, a day after the sinking was reported. The crew of “Prestige...
UK, EU States to Target Russia’s Shadow Oil Fleet With More Checks
Jul 15 2024 // The UK plans to launch a “call to action” this week with a group of European nations to target the so-called shadow fleet of oil tankers that Russia uses to skirt international sanctions, according to people...
Wildfires Encircle Canada’s Oil-Sands City Amid Hot Weather
Jul 12 2024 // A ring of wildfires has erupted around Canada’s unofficial oil-sands capital of Fort McMurray, adding new threats to crude production from the world’s third-largest petroleum reserves. Eight out-of-control...
Canada Insurers Investing in Fossil Fuels as Climate Risks Grow: Shareholder Group
Jul 10 2024 // Canada’s top property and casualty insurers have invested more than C$19.5 billion ($14.30 billion) in fossil fuels production at a time when climate change is driving up risks for the industry, according to a report...
After Oil, Russia May Be Building a Shadow Fleet for Gas
Jun 28 2024 // In the months that followed its invasion of Ukraine and punitive Western restrictions imposed in response, Russia amassed a shadow fleet to ferry its oil around the world. Now there is growing evidence Moscow has begun to...
Venezuela Resorts to Using Shadow Tankers to Supply Oil to Ally Cuba
Jun 27 2024 // Venezuela’s state oil company PDVSA has begun using tankers that navigate off radar to supply its closest political ally, Cuba, as a fleet of state-owned vessels that have historically covered the route dwindles,...
Dredger That Hit Tanker Reported Sudden Loss of Control; Oil Spill Cleanup Ongoing
Jun 18 2024 // Singapore authorities said Monday a dredger boat reported a sudden loss in engine and steering control that led it to hit a stationary cargo tanker, causing an oil spill that has blackened part of the city-island’s...
Denmark Seeks to Limit Shadow Tanker Fleet Carrying Russian Oil
Jun 17 2024 // Denmark is considering ways to stop a so-called shadow fleet of tankers from carrying Russian oil through the Baltic Sea, the Nordic country said on Monday, triggering a sharp response from Moscow’s diplomats who...
Texas Ranchers Face Growing Risk as Abandoned Oil Wells Gush Gassy Water
Jun 13 2024 // In recent years, Schuyler Wight has noticed a growing number of abandoned oil wells coming back to life, gurgling fluids on the surface of his West Texas ranch. Last week he found the biggest one yet. Gassy water was...
UK Puts First Sanctions on Russia’s Shadow-Fleet Oil Tankers
Jun 13 2024 // The UK announced wide-ranging sanctions on Russia, including a first attempt to clamp down on a shadow-fleet of tankers transporting the Kremlin’s oil and a key Moscow-based insurance company.The measures target four...
Supreme Court Seeks Government Views on Honolulu Climate Suit Against Oil Companies
Jun 10 2024 // The U.S. Supreme Court on Monday asked President Joe Biden’s administration to offer its views on a bid by Sunoco and other oil companies to scuttle a lawsuit by Honolulu accusing them of deceiving the public about...
Russian Oil Tanker Does Secret Cargo Switch Near Singapore to Dodge US Sanctions
Jun 10 2024 // The first Russian oil tanker attempting to deliver crude while under US sanctions made a secret cargo transfer onto another ship, a sign of the lengths to which Moscow is going to undermine the effectiveness of American...
State Work-Release Prisoner Killed in Blast While Welding Fuel Tank
Jun 6 2024 // A state prisoner on a work-release program was killed in a fuel tank explosion while he was working as a welder for an employer in Rockport, the Maine Department of Corrections said last Saturday. Sean Rancourt was welding...
Sanctioned Oil Tankers Pose Rising Environmental Risk in Mediterranean, Greece Says
Jun 5 2024 // Unregulated tankers sidestepping Western sanctions are posing a bigger risk to the Mediterranean region and Greece is undertaking more protective measures to safeguard its coast, the country’s shipping minister told...
Russian Oil Finds New Site for Controversial Cargo Switching
Jun 4 2024 // Under pressure from Greece’s navy, traders of Russian oil have found a new place to switch cargoes of crude in the Mediterranean sea, a sign of how hard it will be to clamp down on an activity that has alarmed...
Vermont Is 1st State With Law Requiring Oil Companies Pay for Climate Change Damage
Jun 3 2024 // Vermont has become the first state to enact a law requiring fossil fuel companies to pay a share of the damage caused by climate change after the state suffered catastrophic summer flooding and damage from other extreme...
