oil News

Watchdog Report Finds Multiple Problems With Keystone Pipeline

WASHINGTON — A U.S. government watchdog found multiple problems with the construction, manufacture and design of the Keystone pipeline, validating President Joe Biden’s decision to revoke the permit for a Keystone XL extension, leaders of several House Democratic committees said …

U.S. Refining Capacity Poised For First Big Drop in Nearly a Decade

NEW YORK/HOUSTON — U.S. oil refining capacity this year could decline by the largest amount in nearly a decade as pandemic-related travel curbs and a fire shut several plants, reversing years of small gains. Refiners globally have been idling plants …

‘Marine Terminal’ Included Adjacent Tank Farm, Worker Owed Longshore Benefits

A worker whose primary job duty was to unload oil products from vessels is eligible for federal Longshore and Harbor Act benefits, even though he was transferring product from one storage tank to another at the time he injured his …

One West Texas Town Wants U.S. Nuclear Waste

As Blake Roberts bounced along a single-lane dirt road in his red Ford Super Duty pickup he pointed to a pumpjack bobbing in the West Texas heat. “Everything we do revolves around oil,” Roberts said as he neared his home …

Trading Houses Caught in Crossfire of Russian Oil Contamination

MOSCOW/LONDON — Trading houses Vitol, Glencore and Trafigura are caught in the crossfire between Russian oil producers and Western buyers, which have refused to take contaminated Russian crude bought by the traders. At least 10 crude tankers with 1 million …

Pennsylvania Banks, Homeowners Examine Oil and Gas Leases

When Donald Yost tried to refinance his home about 30 miles north of Pittsburgh in January, he met a roadblock. It wasn’t his credit score – he had a solid rating – or the appraisal he’d paid almost $500 for …

North Dakota City Police Say Vehicle Accidents on the Rise

Authorities in the city that serves as the hub for North Dakota’s oil activity say vehicle accidents are on the rise. Statistics released by police in Williston show there were nearly twice as many accidents reported last month as compared …

Brazil Official: Chevron Unprepared for Leak

U.S.-based Chevron Corp. was not prepared for the offshore oil leak at one of its wells, the head of environmental affairs for Brazil’s federal police said Saturday. Fabio Scliar said Chevron personnel at the well told his investigators that they …

BP Told It Can’t Use Transocean Insurance for Gulf Spill

A federal judge rejected BP Plc’s bid to use insurance coverage from Transocean Ltd to cover costs stemming from last year’s record oil spill in the Gulf of Mexico. Tuesday’s decision by U.S. District Judge Carl Barbier in New Orleans …

U.S. States May Seek Punitive Damages in BP Spill

A federal judge Monday said Alabama and Louisiana may seek punitive damages from companies including BP Plc for damages arising from last year’s Deepwater Horizon oil spill in the Gulf of Mexico. The decision by U.S. District Judge Carl Barbier …