Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Citgo Wins $54M from Lloyd’s Insurers After Oil Seized by Venezuela Government
Dec 21 2023 // (Bloomberg) — Citgo Petroleum Corp. was awarded an insurance payment of more than $54 million for almost 1 million barrels of crude seized by the Venezuelan government. A jury in federal court in Manhattan decided...
Climate Activists, Greenpeace and Uplift, Sue UK Over Rosebank Oil Field
Dec 19 2023 // Greenpeace UK and climate campaigner Uplift filed separate legal challenges in Scotland seeking to rescind government approval for the Rosebank oil development in the North Sea. Equinor ASA and partner Ithaca Energy Plc...
Shadow-Fleet Oil Tanker Insurer Gets Shut Down by Marshall Islands
Dec 19 2023 // A company that offers insurance to the burgeoning shadow fleet of oil tankers — including one that ran aground off the coast of Indonesia — was shut down by the Marshall Islands, the firm’s only published...
Nations Strike Deal at COP28 to Transition Away From Fossil Fuels
Dec 13 2023 // Representatives from nearly 200 countries agreed at the COP28 climate summit on Wednesday to begin reducing global consumption of fossil fuels to avert the worst of climate change, a first of its kind deal signaling the...
Houthi Militants Hit Fuel Tanker With Missile in Vital Red Sea Trade Artery
Dec 12 2023 // A fuel tanker was struck by missile as it navigated the Red Sea, the latest in a string of incidents that have turned the area where the attack took place into the world’s riskiest waters. The vessel’s owner...
Shadow-Fleet Oil Tanker Runs Aground Near Singapore
Dec 8 2023 // A shadow-fleet oil tanker that had previously falsified its location to avoid detection on digital ship-tracking systems ran aground near Singapore, a stark reminder of the environmental risks that such vessels pose. A...
EPA Finalizes Regulation Requiring Oil and Gas Operators in Texas to Reduce Methane Emissions
Dec 5 2023 // The Environmental Protection Agency on Saturday finalized a long-anticipated climate regulation that will require oil and gas operators to dramatically reduce how much methane, a potent greenhouse gas, is escaping from...
Global Carbon Emissions From Fossil Fuels to Hit Record Peak in 2023: Report
Dec 5 2023 // The Global Carbon Project, an international collaboration of scientists, estimates that worldwide carbon dioxide emissions from burning fossil fuels will rise 1.1% this year over 2022, to 36.8 billion metric tons....
Authorities Estimate Up to 1.1 million Gallons of Oil Discharged Into Gulf of Mexico From Louisiana Pipeline
Nov 28 2023 // NEW ORLEANS (AP) – As much as 1.1 million gallons of oil may have been discharged into the Gulf of Mexico from a pipeline system off Louisiana`s southeast coast, the U.S. Coast Guard said last week. The affected pipeline...
Explosions at Michigan Petroleum Refinery Cause Fire and Evacuation of Nearby Residents
Nov 27 2023 // WHITE LAKE TOWNSHIP, Mich. (AP) – Explosions at a petroleum refinery outside Detroit caused a fire and led to the evacuation of some nearby residents, authorities said. The first explosion occurred shortly after 10 p.m....
Shell to Face UK Trial Over Devastating Nigerian Oil Spills
Nov 27 2023 // A UK court ruled that a group of Nigerian fishermen can bring claims against Shell Plc over oil pollution that devastated their communities, as a long-running legal case edges closer to a trial. The 13,000 fishermen from...
Federal Authorities Investigate Underwater Oil Pipeline Leak off Louisiana Coast
Nov 20 2023 // VENICE, La. (AP) – Federal authorities said Saturday that they`re investigating a leak from an underwater oil pipeline off the coast of Louisiana. The National Transportation Safety Board said on X, formerly known as...
Tankers, Newly Sanctioned by US, Supplied Russian Oil to India
Nov 17 2023 // Three oil tankers, newly sanctioned by Washington, regularly shipped Sokol crude from Russia’s Far East to Indian Oil Corp, the country’s top refiner, in recent months, according to shiptracking data from LSEG,...
US Sanctions Maritime Companies, Vessels for Shipping Oil Above Russian Price Cap
Nov 17 2023 // The U.S. on Thursday imposed sanctions on maritime companies and vessels for shipping Russian oil sold above the G7’s price cap, as Washington seeks to close loopholes in the mechanism designed to punish Moscow for...
In Pennsylvania, Workers’ Compensation Now Pays for CBD Oil Treatment
Nov 17 2023 // Eight months after it ruled that medical marijuana is covered under workers’ compensation, a Pennsylvania appeals court has concluded that an injured worker’s cost of CBD oil is also reimbursable. A...
Shell Sues Greenpeace for $2.1 Million After Activists Boarded Oil Production Vessel
Nov 9 2023 // Shell is suing Greenpeace for $2.1 million in damages after the environmental group’s activists boarded the company’s oil production vessel in transit at sea this year, according to Greenpeace and a document...
Insurers Are Still Backing Oil and Gas Industry Despite Rising Climate Threat: Report
Nov 9 2023 // Insurers are continuing to provide cover for increased oil and gas production even as they face large losses fueled by climate change, according to a new report. About 80% of the insurance market and 53% of the reinsurance...
Gulf of Mexico Oil and Gas Lease Sale Postponed Amid Legal Battles Over Endangered Whale Protections
Nov 7 2023 // NEW ORLEANS (AP) – An upcoming sale of federal Gulf of Mexico oil and gas leases was officially postponed last week amid legal fights over protections for an endangered species of whale. A federal appellate panel last...
Deadly Explosion off Nigeria Points to Threat From Aging Oil Ships Around the World
Oct 31 2023 // OKITIPUPA, Nigeria (AP) – It was the dead of night when the ship caught fire, Patrick Aganyebi remembers, but the flames made it seem as bright as day. The explosion that night woke him and knocked him to the floor. He...
Texas Cities Struggle to Quit Coal Power as Demand Rises and Market Incentives Favor Fossil Fuels
Oct 23 2023 // Two dates in recent memory have shaped the uncertain future of the Fayette Power Project, a coal-fired power plant near La Grange. First, on March 26, 2020, the Austin City Council approved an emissions-reduction plan that...
