Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Florida CFO Atwater Seeks Claimants’ Feedback on BP Oil Claims
Feb 11 2011 // Florida Chief Financial Officer Jeff Atwater is asking the state’s business community and BP oil spill claimants for their input regarding the claims handling process of the Gulf Coast Claims Facility. Specifically,...
Munich Re Marine Head Warns Against Arms Race to Combat Pirates
Feb 11 2011 // Installing sharpshooters on oil tankers to fight off pirates as some shippers have suggested risks provoking more aggressive attacks, a senior executive at reinsurer Munich Re warned. Shipping firms are debating adding...
Judicial Oversight Could Mean Changes for BP Claim Fund
Feb 10 2011 // Kenneth Feinberg, the formerly freewheeling administrator of BP Plc’s fund to compensate victims of last year’s oil spill, could be forced to revamp dramatically how he handles claims now that the fund has come...
Pirates Hijack U.S.-bound Oil Tanker off Oman
Feb 10 2011 // Suspected Somali pirates captured a U.S.-bound tanker carrying around $200 million worth of crude oil in the Indian Ocean on Wednesday in one of the biggest hijackings in the area so far. The Irene SL, the length of three...
Hijacked Oil Tanker Headed towards Somalia
Feb 8 2011 // Pirates using guns and rocket propelled grenades hijacked an Italian oil tanker in the Indian Ocean on Tuesday, Italian Navy and European Union officials said, adding the medium-sized ship was heading towards...
Declarations
Feb 7 2011 // Seeking Revenue “Given the difficult economy, it is understandable why the city of Sacramento is looking for new revenue sources. However, putting this burden on out-of-town drivers is unfair.” —Sam Sorich,...
Declarations
Feb 7 2011 // Oil Spill Prevention “We must ensure that we have systems in place in our government and in the industry so that this cannot happen again.” —U.S. Senate Energy and Natural Resources Commission Co-Chair Sen....
Claims Chief Feinberg Says Gulf to Recover from BP Oil Spill by 2012
Feb 4 2011 // The Gulf of Mexico should recover from the massive BP oil spill by the end of 2012, the administrator of the $20 billion victims compensation fund said. By that time, most of the harmful effect of the worst offshore oil...
Judge Finds Claims Fund Chief Feinberg Not Independent of BP
Feb 3 2011 // The administrator of BP Plc’s $20 billion fund to compensate victims of the Gulf oil spill is not independent and the oil company must refrain from calling him “neutral,” a federal judge ruled on...
91,000 Gulf Oil Spill Claimants, BP Partner Gets Only Final Payment
Feb 2 2011 // BP’s compensation fund for Gulf oil spill victims has issued a final settlement payment to just one of the thousands of people and businesses waiting for checks, records show, and that $10 million payout went to a...
Mississippi AG Asks Court to Intervene in BP Oil Spill Claims Fund
Feb 2 2011 // U.S. courts must compel the administrator of BP’s $20 billion oil spill fund to meet his legal obligations and stop short-changing victims of the Gulf of Mexico disaster, Mississippi said on Tuesday. Until now,...
Investors Face Rising Risks However Egypt Plays Out
Jan 31 2011 // If President Hosni Mubarak clings to power, investors will re-price Egyptian and regional assets to brace for weeks, months or possibly years of heightened political risk. If he goes, global markets could still react with...
Mississippi AG Wants Judge to Take Over BP Oil Spill Claims
Jan 27 2011 // Mississippi Attorney General Jim Hood is asking for the federal judge in charge of the litigation surrounding the BP oil spill to take over the Gulf Coast Claims Facility process. Hood filed a “Statement of Interest...
Democrats Vow to Pursue Oil Spill Liability Bill
Jan 26 2011 // U.S. Democrats Wednesday pressed for new legislation aimed at preventing a repeat of last year’s massive BP oil spill, as Republicans warned that the disaster should not be used to hamper offshore oil and natural gas...
Panel on BP Oil Spill Calls for Tougher Oversight
Jan 24 2011 // A White House commission probing BP’s massive oil spill has called for an overhaul of a regulatory system that was “entirely unprepared” for disaster and outlined stringent, new oversight, a plan sure to...
Declarations
Jan 24 2011 // Claims Chief “I’m absolutely neutral. I’m not BP. I’m trying to run this facility as best I can.” —Attorney Kenneth Feinberg, the man in charge of the Gulf Coast Clams Facility for the BP...
Panel on BP Oil Spill Calls for Tougher Oversight
Jan 24 2011 // A White House panel probing BP’s massive oil spill has called for an overhaul of a regulatory system that was “entirely unprepared” for disaster and outlined stringent, new oversight, a plan sure to face...
AAIS Develops New Form For Insuring Renewable Energy Generating Equipment
Jan 14 2011 // Inland marine insurers now have access to new policy forms designed for insuring property losses to renewable energy generating equipment connected or adjacent to buildings. These new forms were created by the American...
BP Claims Chief Meets with Mississippi Business Owners
Jan 12 2011 // The administrator of BP’s $20 billion oil spill claims fund has promised fairness and speed in compensating victims, but angry fishermen and business owners are complaining that they’re still not getting what...
New Alabama AG Says Oil Spill Claims Top Priority
Jan 11 2011 // Incoming Alabama Attorney General Luther Strange says he will hold nothing back to make sure the state and its citizens are compensated for all losses because of last year’s massive BP oil spill. Strange said he will...
