Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
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...
Israel Aims to Boost Red Sea Oil Deliveries Despite Environmental Risks
May 31 2024 // Israel plans to allow more oil tankers to dock at a Red Sea port in Eilat despite environmental risks, as it strives to maintain energy security amid conflict on multiple fronts, according to Israeli officials and...
EU Weighs Proposal to Sanction Russian Oil Tanker Insurer Ingosstrakh
May 30 2024 // The European Union’s executive arm is examining the feasibility of a proposal by one of its member states to sanction Russia’s Ingosstrakh Insurance Co., as part of efforts to choke revenue generating streams...
Growing Shadow Fleet of Tankers, Shipping Sanctioned Oil, Are Burning Dirty Fuel
May 29 2024 // The growing shadow fleet of tankers transporting sanctioned Iranian, Venezuelan and Russian oil is filling up with the cheapest fuel available, hindering industry efforts to use cleaner fuel to cut shipping emissions,...
Shipping Companies Fined $2M for Dumping Oil in Atlantic Ocean
May 24 2024 // NEW ORLEANS (AP) — Two shipping companies agreed to pay $2 million in penalties after pleading guilty to federal charges related to the dumping of oil in the Atlantic Ocean by a ship bound for New Orleans last year. The...
Oil Shipments at Risk From Rising Sea Levels, Think Tank Warns
May 22 2024 // Rising sea levels could severely disrupt crude oil shipments and erode energy security in import-dependent countries like China, South Korea and Japan, with many of the world’s biggest terminals vulnerable to...
China-Bound Oil Tanker Hit by Houthi Missile in Red Sea, US Says
May 20 2024 // A China-bound oil tanker in the Red Sea was struck and temporarily disabled by a ballistic anti-ship missile fired by Houthi militants, the US Central Command said. The strike Saturday on the Greek-owned M/T Wind caused...
Up to 2,000 Gallons of Oil Spilled into Galveston Bay After Barge Accident
May 20 2024 // GALVESTON, Texas (AP) — Early estimates indicate up to 2,000 gallons of oil may have spilled into surrounding waters when a barge carrying fuel broke free from a tugboat and slammed into a bridge near Galveston, Texas,...
Nearly All Sanctioned Russian Oil Tankers Remain Idle and Empty Months After Sanctions
May 20 2024 // Dozens of tankers remain stuck doing nothing months after being sanctioned by the Treasury Department — a signal of the US’s scope to disrupt Moscow’s petroleum supply chain if it chooses to. Since October,...
Deadly US Oil Blast Exposes Risks of Pushing Profits Over Safety
May 17 2024 // The explosion that rocked Marathon Petroleum Corp.’s Galveston Bay oil refinery one year ago trapped Rigoberto Guillen 75 feet in the air. Stranded on a metal platform, he and a colleague crouched low as black smoke...
Driver Says He Smoked Pot Oil, Took Meds Before Florida Crash That Killed 8 Workers
May 17 2024 // OCALA, Fla. (AP) — A man with a long record of dangerous driving told investigators he smoked marijuana oil and took prescription drugs hours before he sideswiped a bus, killing eight Mexican farmworkers and injuring...
Wildfires Could Affect Over Half of Canada’s Oil Sands Output: Report
May 17 2024 // More than half of the oil sands production from Canada could be impacted if the wildfires in Alberta and British Columbia worsen, Rystad Energy said in a report on Thursday. WHY IT’S IMPORTANT Canada is one of the...
Firefighters Gain Control of One Blaze Threatening Oil Sands in Alberta
May 17 2024 // Firefighters gained control of one wildfire near the main oil-sands region of Alberta on Wednesday, but continued to battle a much larger blaze to the south that’s threatening the area’s biggest city. The fire...
Oil-Sands Capital of Canada Now Grappling With Second Wildfire
May 16 2024 // The unofficial capital of Canada’s oil-sands industry is now facing a second wildfire that’s north of the city and closer to major energy operations. The new blaze near Fort McMurray, Alberta, is about 3...
Update: Wildfire Threat to Oil-Sands Capital Expected to Ease as Winds Shift
May 15 2024 // The threat of a wildfire bearing down on the unofficial capital of Canada’s oil-sands industry is expected to lessen as temperatures cool and winds shift, though the prospect of rains dousing the flames entirely...
Russian Certifier Steps in After India Drops Safety Cover for Sanctioned Oil Tankers
May 13 2024 // India’s ship certification agency has withdrawn safety cover issued to Russian oil tankers that have been placed under U.S. sanctions, according to its website, with the vessels instead turning to a domestic...
Three Insurers Reject Chevron’s $57 Million Claim for Iran Oil Seizure
May 9 2024 // Three insurance companies have rejected Chevron’s claim over the seizure last year of an oil cargo by Iran, according to a complaint filed on Tuesday in a U.S. court in California. The Chevron-chartered tanker...
Oil Majors Offered Faster Nigerian Exit if They Pay for Cleanup, Compensation
May 6 2024 // Major oil companies, such as Exxon Mobil and Shell, that aim to exit Nigeria’s onshore oil can get quicker approval to do so if they take responsibility for spills rather than wait for authorities to apportion blame,...
Pennsylvania High Court to Decide If Workers’ Compensation Covers CBD Oil
May 3 2024 // A veteran Pennsylvania workers’ compensation attorney will soon have a chance to argue before the Pennsylvania Supreme Court that his own use of cannabinoid oil (CBD oil) is covered by workers’...
Missiles Fired by Yemen’s Houthi Rebels Damage Panama-Flagged Oil Tanker in Red Sea
Apr 30 2024 // Ballistic missiles fired by Yemen’s Houthi rebels caused “minor damage” to a Panama-flagged oil tanker traveling through the Red Sea on Friday [April 26], authorities said. The attack follows an uptick in...
