crude oil News

Gulf of Mexico Oil Spill Impacting Several Producers, Officials Say

U.S. officials said on Tuesday seven energy companies have been impacted by an oil discharge near Main Pass Oil Gathering Co’s pipeline system in the Gulf of Mexico that is estimated to have released more than a million gallons of …

ExxonMobil Loses Bid to Truck Millions of Gallons of Crude Oil Through Central California

SANTA BARBARA, Calif. (AP) — ExxonMobil lost a court bid Wednesday to truck millions of gallons of crude oil through central California — a crucial part of its efforts to restart offshore oil wells that were shut in 2015 after …

Pipeline Operators to Pay $12.5M After Crude Oil Spills in Montana, North Dakota

BISMARCK, N.D. (AP) — Two pipeline operators have agreed to pay a $12.5 million civil penalty related to crude oil spills in Montana and North Dakota. The U.S. Environmental Protection Agency on Monday announced the settlement in a 2022 federal …

UN Says Insurance Coverage Secured to Salvage Rusting Oil Tanker off Yemen

CAIRO (AP) — The United Nations has secured insurance coverage to start a ship- to-ship transfer of 1.1 million barrels of crude from a rusting tanker moored off the coast of war-torn Yemen – oil that could cause a major …

Firm Restarting Oil Pipeline Involved in California Spill

LOS ANGELES (AP) — An offshore pipeline involved in a 2021 oil spill that fouled Southern California beaches is being put back in service, the operator said. Amplify Energy Corp. said Monday that it received approval from federal regulatory agencies …

Quake Latest: Turkey Declares Three-Month State of Emergency

Turkey declared a three-month state of emergency in areas struck by two massive earthquakes earlier this week, allowing the government more leeway for rescue and reconstruction efforts. Emergency teams are racing against the clock to save potentially thousands of victims …

Company Starting to Recover Oil from Kansas Pipeline Spill

OPEKA, Kan. (AP) — The company operating a pipeline that spilled about 14,000 bathtubs’ worth of oil into a Kansas creek during a test for potential problems is recovering at least a small portion of the crude. The U.S. Environmental …

Keystone Pipeline Timetable for Restart Unclear; Traders Worry About Supply

NEW YORK —Traders expressed worry on Monday about how long Canada’s TC Energy Corp’s cleanup efforts would take in order to restart its Keystone oil pipeline after more than 14,000 barrels of oil leaked last week, the largest U.S. crude …

Turkey Reaches Deal over New Crude Tanker Insurance Regulations

ISTANBUL —Turkey welcomed an agreement reached with its counterparts on Tuesday that allows the continuation of a new regulation requiring crude oil tankers to present an insurance confirmation letter before transiting Turkish straits. The Turkish measures, which came into effect …

UN Says $144M Needed to Avert Yemen Tanker Disaster

CAIRO (AP) — The United Nations was seeking $144 million on Wednesday needed to fund the salvage operation of a decaying tanker full of oil moored off the coast of Yemen, a ship whose demise could cause an environmental disaster. …