crude oil News

California Lawmakers Vow to Investigate Offshore Oil Spill

Democratic members of Congress from California seized on the oil spill off the state’s coast to call for investigations into why it took several hours before a pipeline operator reported the spill to federal authorities – and the subsequent lag …

U.S. Hurricane Damage to Cut Shell Oil Output Through Year-End

HOUSTON — Royal Dutch Shell, the largest U.S. Gulf of Mexico oil producer, said damage to offshore transfer facilities from Hurricane Ida will cut production into early next year, slashing deliveries of a type of crude oil prized by refiners. …

Ida Leaves Toxic Chemicals, Sewage Swirling in Its Wake

Exxon Mobil Corp. released sulfur dioxide and hydrogen sulfide at its Baton Rouge refinery as Hurricane Ida churned ashore. A broken pipeline poured crude oil near a bayou that flows into the Gulf of Mexico. And a miles-long black slick …

After Colonial Attack, Energy Companies Rush to Secure Cyber Insurance

U.S. energy companies are scrambling to buy more cyber insurance after this month’s attack on Colonial Pipeline disrupted the U.S. fuel supply, but they can expect to pay more as cyber insurers plan to hike rates following a slew of …

One Million Evacuated as New Cyclone Nears Covid-Ravaged India

A powerful cyclone is set to slam into India early on Wednesday, the second in less than two weeks, with authorities evacuating more than one million people at a time when the nation is facing the world’s worst outbreak of …

Canada’s Suncor Energy Reviews Mining Safety After Three Workers Killed

Canada’s second-biggest oil company, Suncor Energy Inc, said on Thursday it had started a third-party safety review, after three contract workers died in two separate mining accidents. Chief Executive Mark Little said the review would focus on mining operations, which …

Federal Officials Investigate Fiery Oil Train Derailment

BELLINGHAM, Wash. (AP) — Federal and local authorities were investigating a fiery oil car train derailment north of Seattle near where two people were arrested last month and accused of attempting a terrorist attack on train tracks to disrupt plans …

Blast Rocks South African Oil Refinery, 7 Injured

DURBAN — An explosion rocked South Africa’s second-largest crude oil refinery in Durban on Friday injuring seven people, local emergency services said. Engen, which operates the plant and is majority owned by Malaysia’s Petronas, said a fire broke out at …

Pipeline Owner Held Liable for Economic Damages Caused by Oil Spill

An energy company whose criminal negligence caused an oil spill that soiled California beaches cannot escape liability for the damages it caused just because it is designated as a public utility, a California appellate court ruled in a split decision. …

Owner of Fire-Stricken Ship to Pay $1.8M for Sri Lankan Help

COLOMBO, Sri Lanka — The owner of a large oil tanker that caught fire off Sri Lanka’s coast has agreed to pay $1.8 million to the island nation for its help in extinguishing the blaze, an official sad Thursday. MV …