Phillips 66 News

Baltimore Lawsuit Blames Oil and Gas Companies for Climate Change

The city of Baltimore filed a lawsuit on Friday against 26 oil and gas companies and entities, including BP Plc, Chevron Corp and Exxon Mobil Corp, for knowingly contributing to what the city called the catastrophic consequences of climate change. …

Louisiana Lawmakers Eye Stiffer Penalties for Pipeline Damage

A fight over a crude oil pipeline in southern Louisiana has spilled into the Legislature. A proposal to stiffen penalties for damaging or trespassing around pipelines is nearing final passage after winning approval from a Senate judicial committee. Rep. Major …

Company Wants Appeals Court to Lift Halt in Louisiana Oil Pipeline Work

A company building a crude oil pipeline in Louisiana has asked a federal appeals court to lift a judge’s order that temporarily halts pipeline construction work in a swamp. Bayou Bridge Pipeline LLC asked the 5th U.S. Circuit Court of …

Report: Energy Sector’s Lack of Sensors, Controls Tempts Hackers

Oil and gas companies, including some of the most celebrated industry names in the Houston area, are facing increasingly sophisticated hackers seeking to steal trade secrets and disrupt operations, according to a newspaper investigation. A stretch of the Gulf Coast …

Phillips 66: Worker Unaccounted for After Louisiana Pipeline Explosion

A Phillips 66 employee remains unaccounted for after an explosion sparked a fire at a pipeline station it operates west of New Orleans, the company said in a statement. Six people were working at the site in Paradis, Louisiana, when …

Alberta Wildfires Spare Almost 90% of Fort McMurray, Canada’s Energy Hub

The massive wildfires that swept through Canada’s energy hub of Fort McMurray left almost 90 percent of the city intact, including most of the downtown core, while completely leveling some neighborhoods. “This city was surrounded by an ocean of fire …

Utah Claims Settled by Phillips 66 for $2 Million

Oil refiner Phillips 66 has paid $2 million to settle allegations it helped itself to a state fund for cleaning up damage from leaking fuel storage tanks even though it had insurance to cover the cleanups. Phillips 66 is among …

California Attorney General Sues Conocophillips, Phillips 66

California Attorney General Kamala Harris is suing ConocoPhillips and its spinoff, Phillips 66, over underground tanks used to store gasoline at more than 500 gas stations in the state. Harris alleges the companies have tampered with or disabled leak detection …

Ratings Recap: National General, Univé Her/Stormher, Radius

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B++’ (Good) and the issuer credit rating of “bbb+” of the United Arab Emirates National General Insurance Company (P.S.C.) (NGI), both with stable outlooks. Best noted …