Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Activists Say They’ll Continue to Call out Liberty Mutual for Fossil Fuels
Jan 5 2023 // Right after Tim Sweeney took the helm as Liberty Mutual’s CEO, a group of activists hosted a demonstration asking the him to “pick fossil fuels or Boston” by prioritizing climate policies to mitigate risk...
Tennessee Power Outages Amplify Calls for TVA to Rethink Fossil Fuels
Jan 2 2023 // A federal utility’s decision to resort to rolling blackouts after coal and natural gas units went offline during dangerously cold conditions has intensified questions about the Tennessee Valley Authority’s...
Exxon Sues to Force EU to Scrap New Windfall Profits Tax on Oil Companies
Dec 29 2022 // U.S. oil major Exxon Mobil Corp. is suing the European Union in a bid to force it to scrap the bloc’s new windfall tax on oil groups, arguing Brussels exceeded its legal authority by imposing the levy. Record profits...
Oil Refiners Restoring Lost Output After Arctic Blast
Dec 28 2022 // U.S. oil refiners on Tuesday were working feverishly to resume operations at a dozen facilities knocked offline by a holiday deep freeze, a recovery that in some cases will stretch into January. An Arctic blast sent...
Putin Bans Russian Oil Exports to Countries Implementing Sanctions-Related Price Cap
Dec 28 2022 // President Vladimir Putin on Tuesday delivered Russia’s long-awaited response to a Western price cap, signing a decree that bans the supply of crude oil and oil products from Feb. 1 for five months to nations that...
Exxon Avoids Hiring Tankers That Previously Transported Russian Oil
Dec 21 2022 // Exxon Mobil Corp., is avoiding hiring oil tankers that previously carried cargoes from Russia, putting itself in the same camp as Shell Plc with a move that pressures owners to choose whether to serve Moscow’s...
Oil Tanker Owners Show Signs of Shunning Russia’s Crude in Response to G-7 Sanctions
Dec 16 2022 // There are tentative signs that oil tanker companies are avoiding sending their ships to collect crude from a key Russian port in Asia following G-7 sanctions targeting Moscow’s petroleum revenues. Since Dec. 5,...
Company Starting to Recover Oil From Kansas Pipeline Spill
Dec 15 2022 // TOPEKA, Kan. (AP) – The company operating a pipeline that spilled about 14,000 bathtubs’ worth of oil into a Kansas creek during a test for potential problems is recovering at least a small portion of the...
Keystone Oil Spill Cleanup Expected to Last Weeks
Dec 15 2022 // Cleanup of the biggest U.S. oil spill in nearly a decade will take at least weeks more, local officials in Kansas said on Tuesday, citing a recent meeting with Keystone pipeline owner TC Energy Corp. There is still no...
Insurers and Turkey Reach Deal to Let Oil Tankers Sail Unhindered: Norway’s Gard
Dec 13 2022 // Norwegian ship insurer Gard said on Tuesday that an agreement had been reached between Turkey and insurers to enable vessels carrying oil to sail through Turkish waters unhindered. “Following significant engagement...
Kansas Oil Spill Biggest in Keystone History
Dec 12 2022 // TOPEKA, Kan. (AP) _ A ruptured pipe dumped enough oil this week into a northeastern Kansas creek to nearly fill an Olympic-sized swimming pool, becoming the largest onshore crude pipeline spill in nine years and surpassing...
Insurance-Related Oil Tanker Backlog Starts to Clear in Turkey’s Vital Shipping Strait
Dec 12 2022 // A backlog of tankers waiting to haul oil through Turkey’s vital shipping straits appeared to start clearing, offering hope that authorities in Ankara have resolved a spat with the insurance industry that arose...
Big Oil Does Little to Act On Climate Despite Vows
Dec 12 2022 // Major energy companies are not doing enough to prevent the worst effects of climate change despite public promises to fight the problem, a U.S. House panel said about documents released on Friday that it got in a...
G7 Price Cap on Russia Oil Not to Blame for Tanker Queues: EU Says
Dec 9 2022 // The Group of Seven countries’ price cap on Russian oil is not responsible for a queue of tankers waiting in the Black Sea to pass through Istanbul’s Bosphorus Strait on the way to the Mediterranean, the...
Sanctions, Insurance Standoff Escalates, With More Oil Tankers Stuck in Turkish Strait
Dec 9 2022 // A standoff over sanctions and insurance that has caused a jam of oil tankers at the key Bosphorus shipping strait escalated on Thursday, leaving millions of barrels of crude stuck. Late last month, Turkey insisted on proof...
G-7’s Price Ceiling on Russia Oil Isn’t Low Enough to Hit Putin’s War Budget: Economists
Dec 8 2022 // The Group of Seven’s price ceiling on Russian oil exports isn’t low enough to take a big bite out of the Kremlin’s revenues next year and economists say even if it does lead to a drop in crude production,...
Millions of Barrels of Oil Stuck Near Turkey on Sanctions-Related Insurance Glitch
Dec 8 2022 // A backlog of oil tankers at the Turkish straits continues to build up as negotiations failed to produce a solution to an insurance glitch caused by sanctions on Russian crude. Twenty-six tankers holding more than 23...
Oil Tanker Clears Turkish Shipping Logjam With Letter From Russian Insurer: Document
Dec 7 2022 // A letter provided by Russian insurer Ingosstrakh enabled the first oil tanker to sail through Turkish waters in recent days after tougher regulations were imposed by Turkish authorities, a document showed. This has led...
Russia Oil Sanctions Fuel Boom for Old Tankers
Dec 6 2022 // The market for old oil tankers is booming, and it’s all down to efforts by Western nations to curb trade in Russian crude. As Western shipping and maritime services firms steer clear of Russian oil to avoid falling...
Turkey’s Proof-of-Insurance Rule Ensnares Russian Oil Shipments
Dec 6 2022 // Oil shipments from Russia and Kazakhstan are getting ensnared in a Turkish government rule to provide proof that tankers are insured when navigating the vital Bosphorus and Dardanelles shipping straits. The measure, which...
