Overturned oil tanker carrying diesel fuel shuts down US 9 in Lakewood
LAKEWOOD, N.J. — An overturned tanker carrying thousands of gallons of diesel fuel has shut down all lanes of U.S. Route 9 in both directions north of James Street in Lakewood Township…
Court Dismisses Phil Murphy’s Blockbuster Lawsuit Blaming Oil Industry for Climate Change
TRENTON, N.J. — A New Jersey court dismissed the state’s lawsuit against major oil companies for their alleged climate change role, delivering a setback to environmental activists and the attorney general’s office.…
Yonkers Police Arrest Oil Thief on Central Park Avenue
YONKERS, NY – Yonkers Police arrested a 36-year-old New York City resident after he was caught stealing oil from businesses along Central Park Avenue, a busy commercial area. The incident, which occurred…
DAVID BLACKMON: This Agency Is Scrambling To Adjust Its Absurd ‘Peak Oil’ Predictions
DAVID BLACKMON: This Agency Is Scrambling To Adjust Its Absurd ‘Peak Oil’ Predictions David Blackmon on December 16, 2023 The International Energy Agency, led by climate alarm advocate Fatih Birol, apparently feels…
DAVID BLACKMON: The FTC Should Ignore Chuck Schumer’s Embarrassing Attack On ‘Big Oil’
DAVID BLACKMON: The FTC Should Ignore Chuck Schumer’s Embarrassing Attack On ‘Big Oil’ David Blackmon on November 11, 2023 Consolidation in the U.S. shale sector has always seemed an inevitability to most…
China Strikes A Deal To Get Oil From The Taliban
China Strikes A Deal To Get Oil From The Taliban Jack McEvoy on January 6, 2023 A subsidiary of a Chinese state-run energy firm signed a deal Thursday to extract oil in…
Russia Bans Oil Exports To Countries That Enforce Price Cap
Russia Bans Oil Exports To Countries That Enforce Price Cap Jack McEvoy on December 27, 2022 Russian President Vladimir Putin declared Tuesday that his nation will ban crude oil and petroleum product…
Russia Plots New Oil Production Cut To Starve The West Of Fuel
Russia Plots New Oil Production Cut To Starve The West Of Fuel Jack McEvoy on December 23, 2022 Russian Deputy Prime Minister Alexander Novak said Thursday that Moscow may cut its daily…
Chief Engineer of Towing Vessel Admits Negligently Discharging Oil into Kill Van Kull
NEWARK, N.J. – The chief engineer of a towing vessel today admitted his role in negligently discharging marine diesel fuel oil into the Kill Van Kull, U.S. Attorney Philip R. Sellinger announced. Michael…
Oklahoma City Companies and Owner Pay Nearly $2 Million for Used Oil Processing, Transportation, and Storage Violations
OKLAHOMA CITY – January Environmental Services, Inc., January Transport, Inc. and company-owner Cris January (collectively Defendants) will pay civil penalties of $1.9 million and perform comprehensive corrective measures to resolve allegations that they…
Oklahoma City Companies and Owner Pay Nearly $2 Million for Used Oil Processing, Transportation, and Storage Violations
OKLAHOMA CITY – January Environmental Services, Inc., January Transport, Inc. and company-owner Cris January (collectively Defendants) will pay civil penalties of $1.9 million and perform comprehensive corrective measures to resolve allegations that they…
Three Companies Agree to Plead Guilty to Federal Offense and Pay Nearly $13 Million in Federal Fines and Response Costs for Offshore Oil Spill
LOS ANGELES – A Texas-based oil company and two of its subsidiaries have agreed to plead guilty to violating the federal Clean Water Act, pay a $7.1 million criminal fine, and…
Colombian National Sentenced To 30 Years For Recruiting Crewmembers To Smuggle Over 1,500 Kilograms Of Cocaine On Ill-Fated Oil Freighter “Fat Crow”
Tampa, FL – U.S. District Judge Steven D. Merryday has sentenced Hector Fabio Garcia Vengohechea (59, Cartagena, Colombia) to 30 years in federal prison for conspiring to distribute and possess with the…
Former oil and gas mineral rights investment fund manager charged with fraud
HOUSTON – A 41-year-old Spring resident is set to appear in federal court on charges of fraud, announced U.S. Attorney Jennifer B. Lowery. Christopher Russell Bentley is expected to make his initial…
Big Oil offers big returns but keeps spending tight
By Ron Bousso, Shadia Nasralla and Sabrina Valle LONDON – The West’s energy giants are set to return a record $30 billion to investors after reporting bumper profits in the second quarter…
Iran Ramps Up Nuclear Activity After US Squeezes Oil Industry
Iran Ramps Up Nuclear Activity After US Squeezes Oil Industry Micaela Burrow on August 2, 2022 Iran activated hundreds of advanced nuclear enrichment machines Monday after the U.S. increased pressure on Iran’s…
G7 mulls options to restrict Russian oil profits
LONDON -The Group of Seven (G7) wealthy nations is looking at blocking the transportation of Russian oil among other options to deprive Moscow of bumper revenues amid its invasion of Ukraine, unless…
U.S. targets Chinese, UAE firms in new Iran oil sanctions
By Daphne Psaledakis and Arshad Mohammed WASHINGTON -The United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars’ in Iranian oil…
US Going Soft On Iran’s Oil Smugglers To Get Nuclear Deal Revived: REPORT
US Going Soft On Iran’s Oil Smugglers To Get Nuclear Deal Revived: REPORT Micaela Burrow on August 1, 2022 The U.S. has held back on sanctioning foreign firms involved in illicit Iranian…
‘More Money Than God’: Big Oil Posts Record-Breaking Profits in Second Quarter
‘More Money Than God’: Big Oil Posts Record-Breaking Profits in Second Quarter John Hugh DeMastri on July 29, 2022 UPDATE: This piece has been updated to include comment from Exxon Mobil. The…
OPEC+ to weigh holding oil output steady or small hike, sources say
By Alex Lawler and Ahmad Ghaddar LONDON – OPEC and its allies will consider keeping oil output unchanged for September when they meet next week, despite calls from the United States for…
EY names Saulius Adomaitis to lead oil and gas business
LONDON – Big Four accounting firm Ernst & Young said on Thursday it had appointed Saulius Adomaitis as the new head of its oil and gas business, which will receive a $500…
Republican Senators Call For Sanctions Against Russian Oil Sales To China
Republican Senators Call For Sanctions Against Russian Oil Sales To China Jack McEvoy on July 27, 2022 Republican senators introduced a bill Tuesday aimed at sanctioning Chinese purchases of Russian oil, according…
Yellen discusses price cap on Russian oil with UK’s Zahawi – U.S. Treasury
(Reuters) – U.S. Treasury Secretary Janet Yellen highlighted a proposed price cap on Russian oil on a phone call with British Finance Minister Nadhim Zahawi on Tuesday, a move to reduce the…
White House does not plan additional oil reserve releases beyond 6-month window
WASHINGTON – The Biden administration does not plan to continue releases from the Strategic Petroleum Reserve (SPR) beyond the original six-month period, White House economic adviser Brian Deese said on Tuesday. The…
Guggenheim lures oil and gas bankers from Citigroup -sources
By David French (Reuters) – Guggenheim Securities has hired three investment bankers from Citigroup Inc’s oil and gas team, people familiar with the matter said, as competition for talent in the sector…
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