oil and gas - downstream activities News

U.S. Justice Department Recovers Millions in Cryptocurrency Ransom Paid to Pipeline Hackers

June 7, 2021 by Fourth Estate Wire

The United States Justice Department announced on June 7 that it has seized millions of dollars in cryptocurrency paid in ransom to the cybercriminals responsible for the ransomware attack on Colonial Pipeline last month. “Earlier today, the Department of Justice …

Colonial Pipeline Chief Executive Confirms Company Paid $4.4 Million Ransom

May 20, 2021 by Fourth Estate Wire

Colonial Pipeline Chief Executive Joseph Blount confirmed on May 19 that the company paid the $4.4 million ransom to the group of hackers who launched the ransomware attack on its systems. In his first interview since the cyber attack, Blount …

Colonial Pipeline Communications Downed

May 18, 2021 by Fourth Estate Wire

Colonial Pipeline shippers reported that the communications system of Colonial Pipeline was down as of Tuesday morning raising fears of another hack. According to the shippers who refused to disclose their identity, the system that allows customers to nominate and …

Colonial Pipeline Resumes Operations After Cyberattack

May 13, 2021 by Fourth Estate Wire

Colonial Pipeline announced on May 12 that it has resumed operations after a five-day shutdown due to a cyberattack. The company said in a statement that it has restarted operations at around 5 p.m. but warned that it will take …

White House Urges Americans Not to Hoard Gas Amid Colonial Pipeline Shutdown

May 12, 2021 by Fourth Estate Wire

The White House urged Americans on May 11 to avoid hoarding gas amid the Colonial Pipeline shutdown following a ransomware attack by a Russian hacking group. “Much as there was no cause for hoarding toilet paper at the beginning of …

Moscow Denies Involvement in Colonial Pipeline Cyberattack

May 11, 2021 by Fourth Estate Wire

Moscow denies involvement in the latest cyber attack by a hacker group known as DarkSide on the US oil company, Colonial Pipeline, in a statement on Tuesday. “We categorically reject the baseless fabrications of individual journalists and reiterate that Russia …

Russian Ransomware Group Suspected in Colonial Pipeline Hack

May 10, 2021 by Fourth Estate Wire

Cybersecurity experts and a former U.S. official now suspect cyber crime group DarkSide of the ransomware attack against Colonial Pipeline. DarkSide is a new cyber crime organization that experts believe is composed of mostly veteran hackers and cyber criminals. They …

Damaged Texas Oil Refineries Face Extended Recovery

February 22, 2021 by Fourth Estate Wire

Texas oil refineries shut down due to cold weather may take weeks to resume regular operations, causing a potential for fuel shortages across the country. Following the deep freeze in the state, four of Texas’ largest refineries are discovering damage …

Indonesia Seizes Iranian and Panamanian Ships

January 25, 2021 by Fourth Estate Wire

Indonesia has seized Iranian and Panamanian ships allegedly transferring oil illegally on the nation’s waters, on Sunday. Authorities said Iranian-flagged MT Horse was caught transferring oil to Panamanian-flagged MT Freya. The Indonesian Coast Guard wrote on Twitter, “Initial allegations were …

Pakistan-Russia Plan on Building 1,100-kilometre Gas Pipeline

January 6, 2021 by Fourth Estate Wire

Pakistan will commence constructing a 1,1000 kilometer pipeline with Russia in July 2021 that will permit the South Asian nation to operate more liquefied natural gas (LNG) terminals.

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