Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
Operation Begins to Remove Oil From Rusting Yemen Tanker to ‘Avoid Catastrophe’: UN
Jul 27 2023 // An international team began siphoning oil out of a decrepit oil tanker off the coast of Yemen on Tuesday, the United Nations chief said, a crucial step in a complex salvage operation aiming to prevent a potential...
As Russian Oil Crosses G-7’s Price Cap, US Eyes Soft Enforcement
Jul 27 2023 // The Biden administration is poised to increase outreach to western trading houses, insurers and tanker owners to remind them to abide by the Group of Seven’s price cap on Russian oil as the crude trades over that...
Residents of Memphis Suburb Told to Avoid Tap Water After Fuel Spill
Jul 24 2023 // Residents of a Tennessee city must keep avoiding using their tap water after diesel fuel being used to power a generator at a treatment plant leaked into a reservoir, officials said Friday. Officials in the Memphis suburb...
Texas Oil Company Fined $1.3M for Excess Emissions
Jul 20 2023 // The Environmental Protection Agency levied a $1.3 million fine on a Texas oil and gas company for excess emissions from tanks, flares and other equipment the EPA using a helicopter equipped with a special infrared camera...
UN Could Start Removing Oil This Week From Decaying Yemen Tanker
Jul 20 2023 // An operation to start removing some 1.1 million barrels of oil from a decaying tanker moored off Yemen’s coast could start by the end of the week, the United Nations said on Tuesday. U.N. officials have been warning...
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...
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...
Indonesia Seizes Iranian-Flagged Tanker Suspected of Illegal Oil Transfer
Jul 11 2023 // Indonesia’s coast guard said on Tuesday it seized an Iranian-flagged supertanker suspected of involvement in the illegal transshipment of crude oil, and vowed to toughen maritime patrols. The MT Arman 114 was...
Russia-Linked Oil Tanker Fleet Vanishes Even Faster Than It Grew
Jul 11 2023 // A fleet of tankers that sprouted up out of nowhere to keep Russia’s oil moving has disbanded even faster than it emerged, underscoring the challenges involved in keeping track of who’s helping Moscow to get its...
Russia’s Aging, Dark Fleet of Oil Tankers Gets Infusion of Newer Ships
Jul 3 2023 // An armada of tankers ferrying sanctioned oil around the globe is starting to get younger, bucking a months-long trend of using the world’s oldest and most dangerous vessels. Shortly after President Vladimir...
Oil-Field Lawsuit Offers Rare Insight Into Harassment Complaints
Jun 28 2023 // A lawsuit set for trial in July against the world’s largest provider of drilling services will offer rare public testimony about the plight of women working in America’s oil fields. Jessica Cheatham, who worked...
TotalEnergies Faces Second Lawsuit Over Oil Projects in Uganda and Tanzania
Jun 28 2023 // Five activist groups have sued French oil major TotalEnergies for a second time over its projects in Uganda and Tanzania in a Paris civil court, they said on Tuesday, after an earlier fast-track attempt was dismissed in...
Fatal Blaze at Texas Refinery to Result in Lawsuits Against Oil Refiner Marathon
Jun 19 2023 // Attorneys representing the family of a worker who was killed in a fire at a Texas City, Texas, refinery and another worker who was hospitalized said on Wednesday they have filed or would soon file injury claims against top...
UN Secures Insurance Coverage to Salvage Rusting Oil Tanker off Coast of Yemen
Jun 14 2023 // The United Nations Development Programme (UNDP) announced the successful binding of insurance coverage for the mission coordinated by the United Nations to prevent over a million barrels of oil spilling into the Red...
The Dangerous $140M Mission to Defuse an Oil Tanker Ready to Explode
Jun 14 2023 // An operation is finally underway to transfer the oil from a stricken tanker off the coast of Yemen that maritime salvage experts have called a “ticking time bomb.” The decrepit vessel has been lying idle for...
Major Oil And Container Ports Shut as Severe Storm Nears India
Jun 13 2023 // Major oil and container ports have shut in India as a severe cyclone tracks toward the nation’s west coast near Pakistan. Adani Group’s flagship Mundra operation, India’s busiest container harbor, the oil...
Guyana Court Stays Order for Exxon to Give Unlimited Guarantee for Oil Spills Coverage
Jun 12 2023 // A Guyana Appellate Court judge on Thursday temporarily stayed a lower court’s order requiring Exxon Mobil Guyana and partners in offshore oil production to provide an unlimited guarantee to cover potential oil...
Stricter UAE Ship Insurance Rules Look to Cut Oil Spill Risks
Jun 8 2023 // Tougher requirements for some ship insurers covering United Arab Emirates ships are aimed at boosting environmental safety, the UAE state news agency (WAM) reported, amid growing concerns over unregulated shipping. The...
Kazakhstan Presses Ahead With $16.5B Claim Against Oil Majors
Jun 7 2023 // Kazakhstan is pressing ahead with $16.5 billion in claims against international oil majors over disputed project costs and has no plans for a possible out-of-court settlement, Energy Minister Almasadam Satkaliyev said. The...
Singapore Detains Record Number of Oil, Chemical Tankers as Dark Fleet Grows
Jun 1 2023 // Singapore’s detentions of oil and chemicals tankers have surged since early last year, highlighting growing concerns over the environmental and safety impact of an expanding fleet of aging vessels plying major...
