Best Read Oil Gas Headlines
Headlines from our Oil Gas Topic Page with the most time spent reading.
#1 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...
#2 Russia’s Flagship Crude Oil Surpasses G-7 Price Cap in Blow to Western Sanctions
Jul 13 2023 // Russia’s flagship Urals crude oil breached a price cap set by the Group of Seven, a blow to western sanctions efforts and arguably an economic win for Moscow. According to price reporting agency Argus Media, Urals...
#3 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...
#4 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...
#5 Russia Oil Hitting $60 Cap Adds to Crude-Oil Buyers’ Banking, Shipping Woes
Jul 14 2023 // A top buyer of Russian oil is bracing for trading trouble as the price of Urals, the country’s main export grade, breaks through a $60-a-barrel cap set by Western nations to curb Moscow’s revenue. India and...
#6 Once Praised, Settlement to Help BP Oil Spill Workers Leaves Most With Nearly Nothing
Apr 22 2024 // When a deadly explosion destroyed BP’s Deepwater Horizon drilling rig in the Gulf of Mexico, 134 million gallons of crude erupted into the sea over the next three months — and tens of thousands of ordinary people...
#7 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...
#8 The Oil Was From Iran. The Insurance Was From New York
Feb 9 2024 // Last June, a rusting tanker named Sincere 02 picked up oil at an Iranian port and steamed across the Persian Gulf on its way to the United Arab Emirates. US sanctions forbid Western companies from knowingly doing business...
#9 Maryland Settles Lawsuit With Tri-Gas & Oil Over Fuel Leak at Storage Facility
Jan 25 2024 // Maryland Attorney General Anthony G. Brown announced the settlement of a lawsuit against an Eastern Shore fuel storage facility, including a $600,000 penalty for pollution to groundwater and a nearby creek. The settlement...
#10 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,...
#11 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...
#12 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...
#13 Driver Says He Smoked Pot Oil, Took Meds Before Florida Crash That Killed 8 Workers
May 17 2024 // OCALA, Fla. (AP) — A man with a long record of dangerous driving told investigators he smoked marijuana oil and took prescription drugs hours before he sideswiped a bus, killing eight Mexican farmworkers and injuring...
#14 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...
#15 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....
#16 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...
#17 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...
#18 Growing Shadow Fleet of Tankers, Shipping Sanctioned Oil, Are Burning Dirty Fuel
May 29 2024 // The growing shadow fleet of tankers transporting sanctioned Iranian, Venezuelan and Russian oil is filling up with the cheapest fuel available, hindering industry efforts to use cleaner fuel to cut shipping emissions,...
#19 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...
#20 Russia’s Oil Is Finally Getting Snarled by Sanctions
Mar 25 2024 // The Russian oil-export machine funding the Kremlin’s war in Ukraine is finally getting some grit in its gears. Indian oil refiners — Moscow’s second-biggest customers after China since the 2022 invasion —...
