Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Oil Tanker Sails to Israeli Red Sea Port to Avoid Conflict
Oct 20 2023 // An oil tanker is hauling a cargo of crude toward an Israeli Red Sea port that’s seldom used for crude deliveries after the nation’s main import terminal on the Mediterranean was disrupted by the conflict with...
Startup Climeworks Battles Big Oil for the $1 Trillion Future of Carbon Capture
Oct 19 2023 // Most everyone who’s committed their career to solving the climate crisis comes to the field because they have something they want to save. It’s the mountains for Christoph Gebald, whose startup, Climeworks AG,...
Oil Tanker Adrift in Indian Ocean Is Latest Reminder of Dangers of Shadow Fleet
Oct 11 2023 // A 26-year-old oil tanker that’s moving fuel for Russia drifted for two days in a busy shipping lane in the Indian Ocean, drawing the attention of industry watchers and maritime safety officials. It’s the latest...
Philippines Coast Guard Identifies Marshall Islands Oil Tanker in Fatal Collision
Oct 4 2023 // Three people are dead after a Philippine fishing boat collided with an oil tanker in what the nation’s coast guard described as an accident near a disputed South China Sea shoal. Survivor accounts of the tanker fit...
Bill Gates-Backed Florida Startup Aims to Turn Oil-Drilling Gas into Useful Methanol
Oct 3 2023 // (Bloomberg) — Semi trailer-sized machines could provide a unique solution to a major source of the fossil fuel industry’s methane problem. Rather than flaring or venting the planet-warming gas into the...
Shadowy Russian Oil Trade Employs Fake Coordinates and Tanker Tricks
Sep 29 2023 // On a sunny day off the southern coast of Greece last week, two aging tankers nestled next to each other while one pumped oil to the other. As far as global satellite tracking systems could tell, it never happened. The...
Russia Dodges G7 Price Cap Sanctions on Most of Its Oil Exports: FT
Sep 25 2023 // Russian crude oil supplies increased 50% this spring despite the G7 countries imposing sanctions due to war in Ukraine, the Financial Times reported on Sunday citing data from analytics company Kpler. The European Union,...
California Suit Says Oil Giants Deceived Public on Climate, Seeks Funds for Storm Damage
Sep 18 2023 // The state of California filed a lawsuit against some of the world’s largest oil and gas companies, claiming they deceived the public about the risks of fossil fuels now faulted for climate change-related storms and...
Authorities Looking for Source of Oil Spill at Florida’s Port Manatee
Sep 6 2023 // The U.S. Coast Guard is continuing to investigate the source of an oil spill that contaminated more than 19,000 gallons of water at Port Manatee in Tampa Bay. The spill was reported last week and crews have worked since...
EU to Seek COP28 Deal on Phasing Out Fossil Fuels: Draft Document
Sep 1 2023 // European Union countries are preparing to push for a global deal on phasing out fossil fuels at the United Nations COP28 climate summit which begins in November, a draft of the EU’s negotiating position...
Petroleum Asphalt Remains in Yellowstone River in Montana After Train Derailment
Sep 1 2023 // Two months after a railroad bridge collapse sent carloads of hazardous oil products plunging into Montana’s Yellowstone River, the cleanup workers are gone and a mess remains. Thick mats of tarry petroleum asphalt...
Louisiana Oil Refinery Fire Mostly Contained but Residents Worry About Air Quality
Aug 28 2023 // GARYVILLE, La. (AP) – Crews were still working to suppress flare-ups Saturday as a fire at a Louisiana oil refinery burned for a second day along the banks of the Mississippi River, while residents worried about health...
P&O Cruise Ship Crashes Into Oil Tanker, Injuring Passengers
Aug 28 2023 // A P&O cruise ship with thousands of passengers on board collided with an oil tanker off the coast of Palma de Mallorca in Spain on Sunday, injuring a small number of people. Videos posted to social media showed the...
Biden Administration Finalizes Stricter Rules to Prevent Offshore Blowouts in Oil and Gas Drilling Rigs
Aug 24 2023 // NEW ORLEANS (AP) – The Biden administration on Tuesday finalized tighter rules for complex devices meant to prevent catastrophic blowouts on offshore oil and gas drilling rigs, reversing some Trump administration...
Insurers Raise Premiums for Black Sea Oil Tankers as Tensions Mount: Traders
Aug 23 2023 // Insurance companies have notified charterers of ships operating in Russia’s Black Sea ports of an increase in additional payments known as “war risk premiums,” four traders said. A war risk premium was...
Russia’s Flagship Oil Rises Above G-7 Sanctions Cap, but Does Little to Impede Services
Aug 22 2023 // The price of Russia’s flagship oil may have jumped above a Group of Seven imposed cap but that has done little to impede the provision of western services for the trade. The number of ships calling at the...
New York City Pension Plans Seek to Dismiss Lawsuit Over Fossil Fuel Stakes
Aug 16 2023 // New York City pension funds filed a motion to dismiss a lawsuit filed in May that alleged the plans breached their fiduciary duties by selling billions of dollars of fossil fuel assets. The lawsuit was filed by plaintiffs...
US Insurers Invested in Fossil Fuels as Climate Risks to Underwriting Mount
Aug 8 2023 // U.S.-based insurers have invested hundreds of billions of dollars in fossil fuel-related assets which in turn contribute to the risk of climate-related damage to the underwriting side of their businesses, a new report said...
Ukraine’s Drone Attack Hasn’t Yet Jolted Insurance Costs for Black Sea Oil Carriers
Aug 8 2023 // A drone attack on a Russian oil tanker and a warning from Kyiv that more could follow has so far had little impact on insurance costs for oil and commodity carriers in the key Black Sea region, as rates were already...
Pipeline Operators to Pay $12.5M After Crude Oil Spills in Montana, North Dakota
Aug 3 2023 // The U.S. Environmental Protection Agency on Monday announced the settlement in a 2022 federal court lawsuit. Belle Fourche Pipeline Company and Bridger Pipeline LLC will pay the $12.5 million to resolve the claims made...
