Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Western Curbs on Russian Oil Products Redraw Global Energy Shipping Patterns
Apr 6 2023 // Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping...
Alaska Oil Project Construction Allowed as Lawsuits Play out
Apr 5 2023 // Construction can proceed related to a major oil project on Alaska’s petroleum-rich North Slope after a federal judge on Monday rejected requests to halt work until challenges to the Biden administration’s...
Leading Investor Group NZAOA Toughens Stance on New Upstream Oil & Gas Projects
Apr 3 2023 // The Net Zero Asset Owner Alliance (NZAOA) said on Wednesday [March 29] it expects members to make no new direct investments in upstream oil and gas infrastructure projects for new fields, as part of efforts to rein in...
UN Maritime Agency Raises Safety Concerns About Shadow Oil Tanker Fleet
Apr 3 2023 // A United Nations agency that oversees shipping raised concerns about the shadow fleet of tankers that has emerged to transport oil amid sanctions, calling for more steps to boost safety. States that become aware of ships...
Activist Group Calling for Immediate Halt to Insuring Fossil Fuels
Mar 30 2023 // A letter to the world’s insurance companies from a climate activist group calls on the industry to immediately stop insuring companies and projects that promote the expansion of coal, oil and gas, and phase out all...
$264M Offered for Gulf Oil Under Climate Compromise
Mar 30 2023 // Oil companies offered a combined $264 million for drilling rights in the Gulf of Mexico on Wednesday in a sale mandated by last year’s climate bill compromise. The auction was the first in the Gulf in more than a...
Russia Still Uses Western Insurance for Half of Tanker Fleet That Exports Its Oil
Mar 30 2023 // Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according to data compiled by Bloomberg, and the country’s energy officials are voicing concerns about the...
Russia Has Successfully Rerouted Oil Exports Hit by Western Embargo: Energy Minister
Mar 28 2023 // Russia has successfully redirected all its crude oil exports affected by Western sanctions over Ukraine to “friendly” countries, Energy Minister Nikolai Shulginov said on Tuesday, while still a decline in oil...
Aging Shadow Fleet, Shipping Russian Oil, Poses Disaster Risk
Mar 27 2023 // The oil tanker Turba normally should have been melted down by now. The 26-year-old vessel hasn’t had a full inspection since 2017, according to a database dedicated to promoting safe shipping. It also lacks industry...
California May Punish Oil Companies for High Gas Prices
Mar 24 2023 // A first-in-the-nation bill to punish oil companies for profiting from price spikes at the pump breezed through the California Senate on Thursday at the urging of Democratic Gov. Gavin Newsom, the first major vote in an...
Oil Spills and Near Misses: Growing Numbers of Ghost Tankers Ship Sanctioned Fuel
Mar 23 2023 // An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near Cuba. A third is seized in Spain for drifting out of control. These vessels were part of a...
Chubb Announces Climate-Focused Underwriting Standards for Oil and Gas Extraction
Mar 22 2023 // Chubb Ltd. announced new underwriting criteria for oil and gas extraction projects that will require clients to reduce methane emissions, a by-product of oil and gas production that are among the most severe greenhouse...
Toxic Spills at Alberta’s Oil Sands Spur Canada to Boost Regulatory Oversight
Mar 21 2023 // Canada’s federal government is stepping up environmental oversight in Alberta’s oil sands after Imperial Oil Ltd. and the provincial regulator were slow to report toxic spills. Environment Minister Steven...
California Regulators Could Decide Oil Profits Penalty
Mar 17 2023 // California Gov. Gavin Newsom said he wants state regulators to decide whether to impose the nation’s first penalty on oil companies for price gouging, pivoting after months of negotiations with legislative leaders...
Texas Oil & Gas Company Filed $39K After Employee Suffers Fatal Exposure
Mar 16 2023 // Federal investigators found an oil and gas company employee suffered fatal exposure to hydrogen sulfide while working near a sump pit in September 2022. The U.S. Department of Labor’s Occupational Safety and Health...
Citgo’s Lawsuit Against Lloyd’s Insurer Over Seized Venezuelan Oil Gets Go-Ahead
Mar 16 2023 // Citgo Petroleum Corp. may move forward with an attempt to collect more than $40 million it claimed from insurers after Venezuelan authorities in 2020 seized almost a million barrels of its oil. US District Judge Gregory...
Green Groups Sue Biden Admin Over Approval of Alaska Willow Oil Project
Mar 15 2023 // Six environmental groups filed a lawsuit on Tuesday over the Biden administration’s approval of ConocoPhillips’ Willow oil and gas project in Alaska, which they claimed could be a stepping stone to more...
Ship With No Permit Causes Philippine Oil Spill; Cleanup Is ‘Logistical Nightmare’
Mar 15 2023 // The Philippines is grappling with the fallout of an oil spill south of Manila, with a contractor describing the cleanup as a “logistical nightmare” amid questions on why the ship carrying industrial fuel was...
Philippines Increases Efforts to Contain Oil Spill From Sunken Tanker
Mar 14 2023 // Philippine authorities have increased efforts to contain an oil spill from a sunken fuel tanker that has affected coastal towns and was still spreading, the environment ministry said on Tuesday, as the country grapples...
California Oil Company Paying $65M for Oil Spills
Mar 8 2023 // A defunct company that spilled more than a million gallons of crude oil and wastewater in California must pay more than $65 million in penalties and cleanup costs, federal prosecutors announced. A federal court entered a...
