oil and gas industry News

Norway Sends Soldiers to Guard Major Oil & Gas Plants After Nord Stream Leaks

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 gas pipelines last …

TotalEnergies Reports Unusual Drone Activity Near North Sea Oil & Gas Field

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 field …

Unidentified Drones Pose Risk of Accidents, Attacks at Oil & Gas Platforms: Norway Watchdog

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 accidents or deliberate attacks. The warning came …

BP, Chevron Cut Offshore Oil Production Ahead of Hurricane Ian

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 was …

U.S. Seeks to Restore Safety Rules Sparked by Gulf Oil Spill

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 by the Obama administration in 2016 …

Texas’ Cudd Well Control Providing Energy Expertise to Worldwide Facilities

Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program underwriter, is partnering with The Woodlands, Texas-based Cudd Pressure Control Inc., through its Cudd Well Control division, on energy-focused insurance products. Cudd Well Control will provide the …

As Demand Sinks Amid Pandemic, Texas Shale Producers Ask State to Cut Oil Output

Two Texas oil companies with large footprints in the West Texas oil patch have sent a letter to state regulators formally requesting an emergency meeting to consider reducing oil production as demand for oil around the world has collapsed during …

Oil Industry Seeks Easing of Environmental Regulation During Pandemic

The Environmental Protection Agency said this week that it’s reviewing a request from the oil and gas industry to ease enforcement of hazardous air and water pollution and other regulatory issues during the coronavirus pandemic. The proposal is drawing objections …

Willis Towers Watson, Chubb to Offer Global Coverage for Oil & Gas Industry

Willis Towers Watson has launched Risk Protect, an insurance and risk management product for companies serving the global oil and gas industry. Risk Protect applies industry specific insurance policy wording, underwritten exclusively by Chubb, that addresses current and emerging risks …