Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Coming Hurricane Season Could Complicate Gulf Oil Spill Disaster
May 18 2010 // BP’s oil spill could make for one of the highest-stakes U.S. Gulf hurricane seasons on record. Storms may scuttle clean-up efforts, force containment vessels to retreat, or propel spilled crude and tar balls over...
BP Reports Some Success in Containing Gulf Oil Spill
May 17 2010 // Energy giant BP reported a limited success at containing the oil that is gushing unabated into the Gulf of Mexico Sunday but a skeptical U.S. government said it was “not a solution.” Reports of huge oil plumes...
Reinsurers Anticipate Gulf Coast Oil Spill Losses Will Be Major
May 17 2010 // The blame game for the recent British Petroleum oil spill along the Gulf Coast is just getting started as are the insurance implications of this disastrous event, according to underwriters and other...
Oil Rig Workers File Suit
May 17 2010 // Three workers forced to escape on lifeboats after an explosion aboard an offshore drilling platform claimed in a lawsuit they were kept floating at sea for more than 10 hours while the rig burned...
Insurance Industry Reacts to Gulf Coast Oil Spill
May 17 2010 // The blame game for the recent British Petroleum (BP) oil rig accident and subsequent oil spill is just getting started, as are the insurance implications of this disastrous event, according to underwriters and other...
Shrimpers, Boat Captains Line Up For BP Spill Claims
May 14 2010 // Ronald Polkey, a sun-weathered shrimp boat captain from the Louisiana resort and fishing hub of Grand Isle, La., should be out on the water working his nets to bring in a day’s catch. But with most of the...
Lawsuits Over Gulf of Mexico Oil Spill Expected to Increase Dramatically
May 13 2010 // Companies linked to the massive Gulf of Mexico oil spill are facing a flood of lawsuits, as legal actions from the disaster spread faster than the crude gushing from BP Plc’s blown-out undersea well. Nearly 100...
Florida Creates Legal Team on Oil Spill Recovery
May 12 2010 // Two former Florida attorney generals will be leading a legal team to represent the state on issues resulting from a runaway oil leak in the Gulf of Mexico. Jim Smith, who was attorney general between 1979 and 1987 and...
Senators Slam Oil Executives Over Gulf Spill
May 12 2010 // U.S. senators Tuesday tried to pin the blame for the Gulf of Mexico oil spill on the companies involved, scrutinizing their safety practices and demanding full compensation be paid for the cleanup. In hearings before two...
Insurance Industry Reacts to Gulf Coast Oil Spill
May 11 2010 // The blame game for the recent British Petroleum (BP) oil rig accident and subsequent oil spill is just getting started as are the insurance implications of this disastrous event, according to underwriters and other...
Oil Executives Face Congress Today, Blame Each Other for Spill
May 11 2010 // Big oil goes under the spotlight Tuesday when U.S. lawmakers grill top executives on a drilling rig explosion and oil spill that threatens an environmental catastrophe in the Gulf of Mexico. The hearings come during a...
BP Says Gulf Coast Oil Spill Has Cost $350 Million Thus Far
May 10 2010 // Oil major BP Plc said the oil spill in the Gulf of Mexico had cost it $350 million so far, suggesting the final bill could be much higher than many analysts predicted, and hitting the company’s shares. BP said in a...
BP Searches for Oil Spill Solution After Metal Dome Setback
May 10 2010 // BP Plc engineers will search for a solution Sunday after suffering a setback in an attempt to contain oil gushing into the Gulf of Mexico with a huge metal dome, dashing hopes for a quick, temporary solution to a growing...
Obama Eyes Raising Oil Spill Liability Limit; BP Says It’s Not An Issue
May 10 2010 // The White House is pushing to lift the limit on how much BP pays for the Gulf Coast oil spill. Press Secretary Robert Gibbs said the administration wants to work with Congress to change a law that caps at $75 million...
Price Gouging Law Enacted; Emergency Loans Available in Louisiana
May 7 2010 // The federal Small Business Administration recently granted Louisiana Gov. Bobby Jindal’s request to issue an economic injury disaster declaration for Jefferson, Lafourche, Orleans, Plaquemines, St. Bernard and St....
Family of Mississippi Oil Rig Worker Files Wrongful Death Suit
May 6 2010 // The family of Mississippi oil rig worker Aaron Dale Burkeen have filed a wrongful death lawsuit over the April 20 oil rig explosion in which he died. Houston, Texas-based attorney Kurt Arnold said in a statement the...
Oil Rig Workers File Suit
May 6 2010 // Three workers forced to escape on lifeboats after an explosion aboard an offshore drilling platform claimed in a lawsuit they were kept floating at sea for more than 10 hours while the rig burned...
Federal Law May Limit BP Liability in Oil Spill
May 5 2010 // A federal law may limit how much BP has to pay for damages such as lost wages and economic suffering in the Gulf Coast oil spill, despite President Barack Obama’s assurances that taxpayers will not be on the hook. A...
Somali Pirates Hijack China-bound Oil Tanker off of Yemen
May 5 2010 // Somali pirates on Wednesday hijacked the China-bound oil tanker MV Moscow University 350 miles (565 km) off the coast of Yemen with 23 Russian crew and crude oil worth $52 million on board. “The oil is Chinese. It...
Insurers’ Gulf Coast Oil Spill Losses Estimated at $1.4B
May 5 2010 // Companies with exposure to the sinking of the Deepwater Horizon oil rig in the Gulf of Mexico are insured for losses totaling about $1.4 billion, according to initial reports. “The insurance losses from the sinking...
