Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Russia Oil Exporter Rosneft Moves Into Tanker Chartering as Western Sanctions Loom
Oct 18 2022 // Russia’s biggest oil exporter Rosneft has expanded its tanker chartering business to ease oil shipments for buyers amid looming Western sanctions on insurance of Russian oil shipments, three sources familiar with the...
Exxon’s Russia Oil Output Collapsed After Rejection of Local Tanker Insurance: Sources
Oct 17 2022 // Oil output at the giant Exxon-led Sakhalin-1 Russian Pacific project collapsed following the U.S. major’s refusal to accept local insurance for tankers after Western insurers pulled out due to sanctions, several...
Report: Oil Spills Dropped Dramatically Last Decade
Oct 17 2022 // Oil and natural gas spills from tankers and pipelines in U.S. waters dropped dramatically from the last decade of the 1990s to the one from 2010 through 2019, according to a federal report. The amounts spilled and dumped...
EU’s Russia Oil Sanctions, Effective in December, Are Already Hitting Nation’s Trade
Oct 11 2022 // European Union sanctions on Russian oil might still be eight weeks away, but they’re hitting trade in the nation’s crude already. The bloc’s measures, including a ban on insuring tanker shipments, enter...
Munich Re Commits to Stricter Policies for Oil & Gas Underwriting, Investments
Oct 7 2022 // Munich Re, the world’s largest reinsurer, on Thursday announced stricter policies for investing in and underwriting oil and gas projects, drawing praise from environmental activists. The German reinsurer said on its...
Norway Sends Soldiers to Guard Major Oil & Gas Plants After Nord Stream Leaks
Oct 4 2022 // Norway’s military said on Monday it had posted soldiers to help guard major onshore oil and gas processing plants, part of a wider effort to boost security amid suspicion that sabotage caused leaks in the Nord Stream...
EU Proposes Exempting Maritime Pilot Services From Russia Oil Ban
Oct 3 2022 // The European Union proposed making so-called pilot services exempt from sanctions targeting the transfer of Russian oil that are set to kick in this year to punish Moscow for its invasion of Ukraine. The exception, which...
TotalEnergies Reports Unusual Drone Activity Near North Sea Oil & Gas Field
Sep 30 2022 // TotalEnergies SE said it spotted an aerial drone close to an oil field in the Danish North Sea, intensifying concerns of an energy conflict erupting in Europe. Unusual drone activity was seen near its Halfdan B oil and gas...
Report: Oil Spills Dropped Dramatically Last Decade
Sep 29 2022 // Oil and natural gas spills from tankers and pipelines in U.S. waters dropped dramatically from the last decade of the 1990s to the one from 2010 through 2019, according to a federal report Wednesday. The amounts spilled...
EU Weighs Ban on Shipping Russian Oil as Part of Price Cap
Sep 28 2022 // The European Union is considering adding shipping restrictions to its oil sanctions as the bloc continues to discuss the introduction of a price cap on Russian oil, according to people familiar with the matter. A shipping...
Unidentified Drones Pose Risk of Accidents, Attacks at Oil & Gas Platforms: Norway Watchdog
Sep 27 2022 // Norway’s Petroleum Safety Authority (PSA) on Monday urged oil companies to be more vigilant over unidentified drones seen flying near Norwegian offshore oil and gas platforms, warning they could pose a risk of...
BP, Chevron Cut Offshore Oil Production Ahead of Hurricane Ian
Sep 27 2022 // BP Plc and Chevron Corp. on Monday said they have shut-in production at offshore oil platforms in the Gulf of Mexico, as a powerful Hurricane Ian bore down on the top U.S. offshore production region. The category 2 storm...
Judge OKs $230M Settlement in California Oil Spill Case
Sep 26 2022 // A judge has approved a $230 million lawsuit settlement by the owners of a pipeline that spilled more than 140,000 gallons of crude oil into the ocean off California in 2015, lawyers announced. A federal judge in Los...
U.S. Seeks to Restore Safety Rules Sparked by Gulf Oil Spill
Sep 13 2022 // The Biden administration on Monday proposed offshore drilling safety measures that it said would help prevent oil spills and protect workers and the environment. The proposal aims to restore safety provisions put in place...
Oil Company Settles Criminal Cases In California Spill
Sep 12 2022 // An oil company on pleaded guilty in federal court to negligently discharging crude off the Southern California coast when its underwater pipeline ruptured last year, a spill that closed miles of shoreline and shuttered...
G7’s Price Cap on Russia Oil Takes Shape but Will Russia Sidestep Insurance Rules?
Sep 12 2022 // The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow’s ability to fund its invasion of Ukraine, a plan analysts say could work in the long term but might boost oil...
Toyota Reaches Potential $150M Settlement Over Fuel Pump Recalls
Sep 9 2022 // Toyota Motor Corp. reached a settlement potentially worth $150 million to resolve U.S. class-action litigation tied to recalls of about 3.36 million Toyota and Lexus vehicles whose defective fuel pumps could cause engines...
North Dakota Oil Rig Explosion Injures 3
Sep 8 2022 // Federal, state and local investigators in northwest North Dakota are looking into the cause of an oil rig explosion and fire that sent three workers to the hospital. The crew members were taken to a burn center in St....
G7 Expected to Advance Russia Oil Price Cap Plans With Insurance Playing Key Role
Sep 2 2022 // Group of Seven finance ministers are expected to firm up plans on Friday to impose a price cap on Russian oil aimed at slashing revenues for Moscow’s war in Ukraine but keeping crude flowing to avoid price spikes, G7...
Italian Oil Giant Eni Hit by Cyber Attack
Sep 1 2022 // The Italian oil giant Eni SpA said Wednesday that its computer networks were hacked in recent days and that the consequences so far appeared to be minor. “Eni confirms that the internal protection systems have...
