Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Should a State Surcharge Insurers That Underwrite Fossil Fuel Risks?
Mar 7 2023 // Connecticut lawmakers are considering imposing a surcharge on insurers’ premiums from the fossil fuel industry. The proposal (SB-1115) calls for a tax of 5% of any premiums any insurer licensed in the state receives...
Indonesia to Relocate Residents or Move Fuel Facility After Fire Kills 16
Mar 6 2023 // Indonesia will relocate residents living near a fuel-storage fire that killed 16 people or remove the depot owned by state energy company Pertamina to a safer location, President Joko Widodo said on Sunday. The decision...
Shell Wins Bid to Limit British Suit Over Nigeria Delta Oil Spill
Mar 3 2023 // Shell Plc won a bid to limit a British lawsuit over an oil spill off the coast of Nigeria after a judge ruled that a group of thousands of Nigerians couldn’t prove that the disaster continued to wreak devastation on...
Shipping Companies Reach $97M Settlement in California Oil Spill
Mar 3 2023 // Shipping companies will pay nearly $97 million to settle a lawsuit with a pipeline operator over a 2021 oil spill off the coast of Southern California, the pipeline company said Wednesday. Amplify Energy, the Houston-based...
Russian Oil Is Being Stored in Ghana as Pool of Buyers Shrinks
Feb 27 2023 // A cargo of Russian oil is heading for storage tanks in Ghana, a nation that exports crude itself and is on the doorstep of two regional supply powerhouses. The development suggests that traders could be scouring the market...
Home Heating Oil Leak Is Covered Due to Pollution Ambiguity, Rhode Island Court Rules
Feb 20 2023 // The Rhode Island Supreme Court for the first time has found the definition of pollution in a commercial policy ambiguous enough to justify vacating a lower court’s summary judgment in favor of the insurer. The...
North Dakota Oil Field Explosion Injures One
Feb 14 2023 // WILLISTON, N.D. (AP) – One person was severely burned in an explosion and fire at an oil field in western North Dakota, fire officials said. The explosion was reported about 10:30 p.m. Friday at a saltwater disposal site...
Faulty Weld Led to Kansas Oil Spill; Cleanup Costs at $480M
Feb 13 2023 // TOPEKA, Kan. (AP) – A faulty weld at a bend in an oil pipeline contributed to a spill that dumped nearly 13,000 bathtubs’ worth of crude oil into a northeastern Kansas creek, the pipeline’s operator said last...
‘Shadow Fleet’ of Tankers Transporting Russian Oil Swells to 600 Ships: Trafigura
Feb 6 2023 // The “shadow fleet” of ships that transport Russian oil around the world has expanded to around 600 tankers, according to trading giant Trafigura. About 400 crude oil vessels, or 20% of the global fleet, have...
Factbox: Here Are Main Elements of New G7-Led Price Cap on Russian Oil Products
Feb 6 2023 // The Group of Seven rich nations, the European Union and Australia have set price caps for Russian diesel and other refined petroleum products to keep markets supplied while limiting Moscow’s revenues when an EU...
G-7 Nations, EU Agree to Price Caps on Russian Refined Oil Products
Feb 6 2023 // European Union countries agreed to set price caps on Russian refined oil products to limit Moscow’s funds for its invasion of Ukraine, the Swedish presidency of the EU said on Friday. EU diplomats said the price caps...
Western Tankers Ramp Up Russian Oil Shipments as Prices Remain Below G7 Price Cap
Feb 1 2023 // Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s flagship Urals grade held below an international price cap, according to market sources and Eikon data. The Group of...
Home Heating Oil Leak Is Covered Due to Pollution Ambiguity, Rhode Island Court Rules
Feb 1 2023 // The Rhode Island Supreme Court for the first time has found the definition of pollution in a commercial policy ambiguous enough to justify vacating a lower court’s summary judgment in favor of the insurer. The...
Filipino Workers Say Oil Company Abandoned Them in Hurricane Ida
Jan 30 2023 // NEW ORLEANS (AP) – As Hurricane Ida struck the Louisiana Gulf Coast in August 2021, Renato Decena and Rosel Hernandez watched the storm punch a hole in the roof of the bunkhouse where they were sheltered _ abandoned,...
EU Eyes $100/Barrel Cap on Russian Premium Oil Products in Next Round of Sanctions
Jan 27 2023 // The European Commission is proposing that the EU set a $100 per barrel price cap on premium Russian oil products like diesel and a $45 per barrel cap on discounted products like fuel oil, European Union officials said on...
Davos 2023: Starmer Says No New UK Oil and Gas Fields Under a Labour Government
Jan 20 2023 // Britain’s opposition leader Keir Starmer said on Thursday there would be no investment in new oil and gas fields in Britain under a Labour government – a big change from current UK energy policies. Starmer said...
California Lawsuit Filed over Oil And Gas Drilling Ban
Jan 18 2023 // An oil company sued the city of Los Angeles over its recent law to ban the drilling of new oil and gas wells and to phase out existing ones within city limits over the next two decades. Warren Resources filed the lawsuit...
Oil Worker Dies After Falling Into North Dakota Pit
Jan 9 2023 // BISMARCK, N.D. (AP) – A worker from Texas is dead after falling at an oil rig site in North Dakota. Daniel Navarrete, 42, of New Braunfels, Texas, fell through an open hatch Thursday in a pit at a Nabors Industries rig...
Russia’s Flagship Oil Sells at Half Global Prices, Below G7 Imposed Cap
Jan 9 2023 // Russia’s flagship oil is selling at less than half international prices — and way below a Group of Seven imposed cap — following sanctions targeting the Kremlin’s revenue from petroleum sales. The...
Activists Say They’ll Continue to Call out Liberty Mutual for Fossil Fuels
Jan 5 2023 // Right after Tim Sweeney took the helm as Liberty Mutual’s CEO, a group of activists hosted a demonstration asking the him to “pick fossil fuels or Boston” by prioritizing climate policies to mitigate risk...
