Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Wisconsin Court: Extra Insurance Not Needed for Enbridge Pipeline in Dane County
Jul 15 2019 // The Wisconsin Supreme Court ruled on June 27 that Canada-based Enbridge Energy doesn’t need to carry additional insurance for a pipeline project in Dane County, despite the local government’s insistence that it...
Now a Tropical Storm, Barry Takes Aim at Louisiana
Jul 11 2019 // Tropical Storm Barry formed in the Gulf of Mexico and could strike Louisiana as a hurricane Saturday, causing almost $1 billion in damage and worsening flooding in New Orleans. The system, which was about 95 miles (153...
UK Navy Stops Iran from Blocking BP Oil Tanker Leaving Persian Gulf
Jul 11 2019 // The British navy intervened to stop Iran from blocking a commercial oil tanker leaving the Persian Gulf, heightening friction just as European nations scramble to salvage a landmark nuclear accord with the Islamic...
As Storm Forms in Gulf of Mexico, U.S. Oil Producers Shut Offshore Output
Jul 10 2019 // U.S. oil prices have climbed 3% as more major oil producers shut production and withdrew staff from offshore platforms in the U.S. Gulf of Mexico, as a storm threatened oil-producing areas. Anadarko Petroleum Corp., the...
Oil Tankers Steer Clear of Middle East Refueling Hub As Attacks, Insurance Costs Rise
Jul 9 2019 // Oil tanker owners are avoiding sending their ships to the Middle East’s main refueling hub after a spate of attacks on vessels in the past two months ratcheted up tensions and highlighted the growing risks of...
The Mounting Cost of Piracy off Coast of West Africa: Opinion
Jul 3 2019 // Remember those Somali pirates? Earlier this decade, they brazenly hijacked giant oil tankers, demanded ransoms in the millions of dollars, and gave Tom Hanks yet another chance to play the everyman overcoming a...
Britain’s Green Finance Strategy Could Mandate Corporate Climate Risk Disclosure
Jul 2 2019 // British public companies and pension funds may have to publish by 2022 what risks their businesses face from climate change under a new so-called green finance strategy. Britain last week became the first G7 country to...
Oklahoma Oil Rig Count Down 27% Year Over Year
Jul 2 2019 // The number of working oil rigs in Oklahoma is down more than a quarter from this time last year, amid a nationwide decrease. Oilfield services firm Baker Hughes reported 102 rigs operating in the state on June 28. The...
Zurich Commits to UN Climate Change Targets, to Using only Renewable Energy by 2022
Jul 1 2019 // Zurich Insurance Group announced it is accelerating actions to progress towards a low-carbon economy “amid an increasing climate crisis.” Its actions range from committing to UN targets for global temperature...
Poll: Majority of Americans Say Global Warming is Affecting U.S. Weather
Jun 27 2019 // The majority of Americans say global warming is important to them, and that it’s affecting the weather in the U.S. A national survey by the Yale Program on Climate Change Communication and the George Mason University...
New Federal Study Contradicts Owner’s Claims About Years-Long Gulf Oil Spill
Jun 26 2019 // A new federally led study of oil seeping from a platform toppled off Louisiana’s coast 141/2 years ago found releases lower than other recent estimates, but contradicts the well owner’s assertions about the...
Officials, Petroleum Council Tout New North Dakota Oilfield Safety Program
Jun 25 2019 // The North Dakota Petroleum Council and state officials say a new oilfield safety training program, 18 months in the making, will be a time-saver for tens of thousands of contract workers. Fifty oil companies worked on the...
Insurance for Middle East Oil Shipments Soars to More Than $500,000
Jun 25 2019 // The cost of insuring Middle East oil shipments is soaring as tensions mount in a region responsible for about a third of all seaborne petroleum. So-called war risk premiums for a standard oil cargo from the Persian Gulf...
Small Fire Still Burning at Site of Philadelphia Oil Refinery Explosions
Jun 24 2019 // Officials say a very small fire continues to burn at a Philadelphia refinery following explosions and a pre-dawn blaze that shook homes and caused some minor injuries. Philadelphia Energy Solutions said Saturday that...
UK’s Legal & General Is Divesting Exxon Shares Over Climate Change
Jun 24 2019 // One of Britain’s biggest fund managers started selling shares in Exxon Mobil Corp., saying America’s largest oil company isn’t doing enough to address climate change. Legal & General Investment...
Oil Shippers Continue Sailing Through Strait of Hormuz – with Heightened Security
Jun 21 2019 // A series of attacks on oil tankers near the Persian Gulf has ratcheted up tensions between the U.S. and Iran – and raised fears over the safety of one of Asia’s most vital energy trade routes, where about a fifth...
War Risk Insurance Premiums Surge for Oil Tanker Owners After Gulf Attacks
Jun 17 2019 // Oil tanker owners face spiraling insurance costs to load cargoes from the world’s largest crude-export region after the latest round of attacks on vessels. War risk premiums that owners pay each time they go to the...
Insurers Appoint Dutch Marine Engineer to Salvage Oil Tankers in Gulf of Oman
Jun 14 2019 // Dutch marine engineer Boskalis said on Friday it had has been appointed to salvage both tankers that were hit in the Gulf of Oman in a suspected attack. Boskalis said the condition of the Front Altair tanker, carrying a...
Insurance Rates for Crude Oil Tankers to Jump After Gulf Attacks
Jun 14 2019 // Oil tanker owners are turning increasingly nervous about loading cargoes from the world’s largest export region for crude after the latest round of attacks on vessels. Both owners and the companies that charter their...
U.S. Safety Board: Fatal Oklahoma Well Blast Shows Need for New Rules
Jun 13 2019 // An investigation into an explosion at an Oklahoma natural gas drilling rig that killed five workers last year faulted inadequate training and equipment and called for new regulations, the U.S. safety regulator said. The...
