Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
San Francisco May Screen Insurers for Their Fossil Fuels Investments
Jul 26 2018 // The San Francisco Board of Supervisors has become what is believed to be the first U.S. municipal body to try to force insurance companies to stop insuring and investing in fossil fuels. The board on Tuesday voted...
Baltimore Lawsuit Blames Oil and Gas Companies for Climate Change
Jul 23 2018 // The city of Baltimore filed a lawsuit on Friday against 26 oil and gas companies and entities, including BP Plc, Chevron Corp and Exxon Mobil Corp, for knowingly contributing to what the city called the catastrophic...
New York’s Global Warming Suit Against Oil Companies Tossed
Jul 20 2018 // A U.S. judge threw out New York’s lawsuit seeking to hold five of the world’s biggest oil companies financially responsible for contributing to climate change. U.S. District Judge John Keenan dismissed the...
Shell Subsidiary to Pay $3.8M for 2016 Gulf Spill Off Louisiana Coast
Jul 11 2018 // A subsidiary of Royal Dutch Shell has agreed to pay $3.8 million to the U.S. government to settle a lawsuit over a 2016 oil spill in the Gulf of Mexico. The May 11, 2016, spill of nearly 2,000 barrels (317,975 liters)...
Rhode Island Attorney General Sues Fossil Fuel Companies
Jul 6 2018 // Rhode Island Attorney General Peter Kilmartin filed a lawsuit Monday against 21 fossil fuel companies demanding damages associated with sea level rise and water cycles. In the complaint filed in Providence County Superior...
BNSF Looks to Resume Service in Iowa After Derailment
Jun 26 2018 // BNSF Railway Co. on Monday said it could resume service Tuesday on a stretch of northwestern Iowa track damaged when a train left the track and crude oil spilled from derailed cars. The crude oil train derailed near Doon,...
Court Nixes Cities’ Climate Change Public Nuisance Lawsuit Against Oil Firms
Jun 26 2018 // BP Plc, Exxon Mobil Corp. and Chevron Corp. escaped blame for the public costs of global warming when a U.S. judge ruled that lawsuits by cities against oil companies aren’t the answer to climate change. “The...
BNSF: Train Derailed in Iowa; Estimated 230,000 Gallons of Oil Spilled
Jun 25 2018 // An estimated 230,000 gallons (870,619 liters) of crude oil spilled into floodwaters in the northwestern corner of Iowa following a train derailment, a railroad official said Saturday. BNSF spokesman Andy Williams said 14...
Oregon Marijuana Growers Turning to Hemp as CBD Extract Explodes
Jun 18 2018 // A glut of legal marijuana is driving Oregon pot prices to rock-bottom levels, prompting some nervous growers to start pivoting to another type of cannabis to make ends meet, one that doesn’t come with a...
Climate Change Lawsuits a Growing Threat: Opinion
Jun 18 2018 // Last month, a group of 10 families filed an action against the European Union at the European General Court, the EU’s second highest court. All claim to have suffered loss from climate change. Specifically, they...
Oil Companies Ask to Throw Out New York’s Climate Change Lawsuit
Jun 15 2018 // A group of the world’s biggest oil companies asked a judge to throw out New York City’s lawsuit seeking to hold them responsible for costs related to climate change. ConocoPhillips, Exxon Mobil Corp. and...
Insurance Cutback Among Reasons Europeans Withdrawing from Iranian Oil Market
Jun 7 2018 // European refiners are winding down oil purchases from Iran, closing the door on a fifth of the OPEC member’s crude exports after the United States imposed sanctions on Tehran, company and trading sources said. The...
Energy Sector Cyber Insurance, Cybersecurity Struggles Leave Taxpayers, Customers Exposed
Jun 4 2018 // Insurers are limiting how much coverage energy companies can buy to protect themselves against a major attack by hackers, potentially leaving investors, customers and taxpayers on the hook for sizable losses. Brit...
Oil Firms Using Robots, Drones for Dangerous Offshore Work
Jun 4 2018 // At BP’s massive Thunder Horse oil platform in the U.S. Gulf of Mexico, a dog-sized robot called Maggie uses magnetic tracks to creep along pipes connecting the giant oil facility to the sea floor. Before MaggHD,...
Louisiana Posts Worst Economic Performance of All States in 2017
Jun 4 2018 // Louisiana posted the worst economic performance among the 50 states in 2017, becoming one of only three states where the economy shrank. Gross domestic product numbers released in early May by the federal Bureau of...
Explosion of Oil Tanks in West Virginia Sends 4 to Hospital
May 29 2018 // Four people have been hospitalized after oil tanks exploded in West Virginia. News outlets report a company was removing three oil tanks in West Union on Friday when the tanks exploded. West Virginia Department of...
BP Fears Climate Change Lawsuits in U.S.
May 22 2018 // After paying more than $65 billion in legal costs for the Deepwater Horizon catastrophe, BP Plc is wary of the risk of lawsuits related to climate change. Chief Executive Officer Bob Dudley raised the topic of class-action...
California Commissioner Ran a Climate Change ‘Stress Test’ on Insurers
May 21 2018 // California Insurance Commissioner Dave Jones has run a “stress test” on the state’s largest insurers. Jones said during a press conference in May that he is the first U.S. financial regulator to conduct a...
Global Insurers Reassessing Iran Business In Light of Sanctions Threat
May 20 2018 // Global insurers are taking stock of how the U.S. withdrawal from an international agreement to deny Tehran nuclear weapons, and threatened sanctions against companies that do business with Iran, could affect...
UK, France, Germany Huddle on Iran Oil Tanker Insurance
May 15 2018 // If European powers are to succeed in holding together a nuclear deal with Iran that the U.S. abandoned a week ago, then one issue they’ll need to consider is the insurance of oil tankers hauling the Persian Gulf...
