oil and gas industry News

Oklahoma Judge Blocks State’s Anti-ESG Law

A judge in Oklahoma blocked a state law that prohibits state pension systems from investing with companies that limit investment in the oil and gas industry. Oklahoma County District Court Judge Sheila Stinson on Tuesday issued a temporary injunction blocking …

Sweden Scraps Probe Into Nord Stream Gas Pipeline Blasts

The sabotage of two undersea gas pipelines in 2022 remains a mystery as Sweden ended a probe without reaching any clear conclusions on the identity of the perpetrators. The preliminary investigation was dropped given nothing indicates that the attack involved …

Biden Administration Finalizes Stricter Rules to Prevent Offshore Blowouts in Oil and Gas Drilling Rigs

NEW ORLEANS (AP) – The Biden administration on Tuesday finalized tighter rules for complex devices meant to prevent catastrophic blowouts on offshore oil and gas drilling rigs, reversing some Trump administration policies and returning to a more stringent regulatory stance …

Oil-Field Lawsuit Offers Rare Insight Into Harassment Complaints

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 as an engineer for SLB, previously …

Kazakhstan Presses Ahead With $16.5B Claim Against Oil Majors

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 legal wrangling underscores the risks for foreign companies …

Texas Court: Exxon Covered by Contractor’s Excess Insurers

Two excess insurers may be liable for the more than $20 million that ExxonMobil Corp. paid to settle lawsuits filed by a contractor’s employees who were badly burned while working at an Exxon refinery, the Texas Supreme Court ruled. The …

Texas Anti-ESG Push Is Coming for Insurers and Pensions in New Bills

A Texas lawmaker is seeking to broaden the fight against ESG (environmental social governance) policies by imposing further limits on the types of investments state pension managers can make and restricting shareholder proposals that would dictate insurance companies’ business with …

Davos 2023: Starmer Says No New UK Oil and Gas Fields Under a Labour Government

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 during a panel discussion …

Norway to Improve Security Around Submarine Fiber Cables for Oil & Gas Industry

Norway will beef up security around the digital infrastructure that is essential for the Nordic country’s oil and gas production, following the recent sabotage on the Nord Stream pipelines. Norway will spend an additional 43 million kroner ($4.3 million) to …

Norway Police Arrest 2nd Russian for Flying Drones, Amid Heightened Security

Norwegian police took into custody a 51-year-old Russian man on Friday after he was observed taking photos near Tromso airport, the second such occurrence in a week. The police took possession of a drone, a large amount of camera equipment …