oil industry News

Russian Oil’s Achilles’ Heel: Insurance

LONDON/NEW DELHI/TOKYO —Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in the works unless Moscow and its customers can plug a gap left by …

Oil Pipeline Planned Even as California Moves Away From Gas

LOS ANGELES (AP) — A proposal to replace an oil pipeline that was shut down in 2015 after causing California’s worst coastal spill in 25 years is inching though a government review, even as the state moves toward banning gas-powered …

Green Groups Sue Trump Administration for Gutting Offshore Oil Safety Rules

WASHINGTON — A coalition of environmental groups on Tuesday filed a lawsuit challenging the U.S. Interior Department’s rollbacks of safety measures put in place by the Obama administration in the aftermath of the fatal 2010 BP Deepwater Horizon oil spill. …

Trump Plan to Ship Natural Gas by Rail Stokes ‘Bomb Train’ Fears

About the photo: Firefighters douse blazes after a freight train loaded with oil derailed in Lac-Megantic in Canada’s Quebec province on July 6, 2013, sparking explosions that engulfed about 30 buildings in fire. Photographer: François Laplante-Delagrave/AFP/Getty Images President Donald Trump …

New Orleans Sue Several Oil, Gas Firms over Coastal Erosion

NEW ORLEANS — The City of New Orleans is suing several oil and gas companies over coastal erosion. Mayor Latoya Cantrell on Friday announced the lawsuit, which alleges that pipeline work has caused massive damage to Louisiana’s wetlands and “threatened …

Feds Blame Industry for Hampering Oil Train Safety

U.S. transportation officials rebuked the oil industry Friday for not giving up information regulators say they need to gauge the danger of moving crude by rail, after several accidents highlighted the explosive properties of fuel from the booming oil shale …