SELECT LANGUAGE BELOW

Russia Forms Emergency Task Force as Kerch Strait Oil Spill Spreads

(AP) – Emergency response forces said Sunday that an oil spill in the Kerch Strait from two storm-ravaged tankers continues to escalate, a month after it was first discovered. Officials announced that it had arrived in the Krasnodar region in southern Russia. The task force, which also includes Emergency Situations Minister Alexander Klenkov, announced on […]

Oil and Gas Analyst Warns L.A. Pipelines Are ‘At Risk’ During Wildfires

Several oil and gas pipelines in the Los Angeles, California area are “at risk” as multiple large fires break out across the city, industry analysts are warning. So far, none of the region's five refineries are within direct range of the wildfires, said Andy Lipow, president of Texas-based consultancy Lipow Oil Associates. . said Fox […]

We Couldn’t Sanction Russia’s Oil 18 Months Ago, It Would Hurt Consumers

In an interview with “PBS News Hour” that aired Friday, National Security Adviser Jake Sullivan said the Biden administration is looking forward to the large-scale sanctions on Russian energy that it imposed on Friday. “If we had imposed sanctions on Russian oil 18 months ago, when oil prices and gasoline prices were high, that would […]

Russia says it will continue oil and gas projects despite US sanctions

Russia's Foreign Ministry on Saturday denounced new U.S. sanctions on Russia's energy sector as an attempt to damage the Russian economy at the risk of destabilizing global markets, saying the country is facing large-scale He said he would push ahead with oil and gas projects. The ministry statement also said Russia would respond to the […]

Iranian Engineers Caused Massive Oil Spill in Venezuela

An Iranian engineer suspected of causing an oil spill at one of Venezuela's main refineries in November helped the country's socialist government cover up the incident, Argentine news agency Infobae reported. revealed Tuesday. According to information gathered by Infobae, the oil spill occurred at Venezuela's Amuay refinery in the northwestern state of Falcón in November […]

Oil companies pay record $5.6M settlement after FTC alleges illegal coordination

The federal government announced Tuesday that three oil companies will pay record fines to resolve allegations of illegal coordination before the merger was completed. The Federal Trade Commission (FTC) announced that three companies, XCL Resources Holdings, Verdun Oil Company II, and EP Energy LLC (EP), will pay a record $5.6 million in a civil lawsuit. […]