Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
BP CEO: Oil Claim Waivers a ‘Misstep,’ Will Not Be Enforced
May 4 2010 // BP Plc said Monday that waiver clauses in contracts it offered to Alabama fishermen to help fight the Gulf of Mexico oil spill had drawn allegations that it was trying to buy them off to give up the right to sue the...
Gulf Coast Oil Spill Compared to Category 5 Hurricane
May 4 2010 // What makes an oil spill really bad? Most of the ingredients for it are now blending in the Gulf of Mexico. Experts tick off the essentials: A relentless flow of oil from under the sea; a type of crude that mixes easily...
FBI Opens Gulf Oil Spill Disaster Fraud Line
May 4 2010 // The Federal Bureau of Investigation announced today that an existing fraud tip line is now accepting information from the public about suspected fraud associated with the Gulf of Mexico oil spill. Tips should be reported...
Validus Estimates Oil Platform Disaster Losses in $38-$45 Million Range
May 3 2010 // Bermuda-based Validus Holdings, Ltd. announced a preliminary estimate of losses from the Deepwater Horizon oil platform loss in the Gulf of Mexico to be in the range of $38 million to $45 million, based on an industry loss...
Gulf States’ Wildlife Reserve, Tourism, Fisheries at Risk from Oil Spill
Apr 30 2010 // A massive oil slick from a blown-out well in the Gulf of Mexico is expected to reach a wildlife reserve at the mouth of the Mississippi River Thursday as it threatens the environmentally delicate coastline of Louisiana and...
Gulf Coast Shrimpers Sue Oil Firm BP, Drilling Platform Owners Over Spill
Apr 30 2010 // Shrimpers in Louisiana and Alabama have filed class-action lawsuits against oil giant BP Plc and owners of the drilling platform that exploded in the Gulf of Mexico, as claims for economic losses anticipated from the...
BP Vows to Pay All Gulf Coast Oil Spill Damage Claims
Apr 30 2010 // BP Plc will compensate all those affected by an oil spill from one of its wells in the Gulf of Mexico, its chief executive said, accepting the disaster could hit plans to open new areas off the U.S. coast to...
PartnerRe Oil Platform Disaster Loss Estimates Put at $60-$70 Million
Apr 30 2010 // Bermuda-based PartnerRe Ltd. announced preliminary estimates of expected claims, relating to the recent explosion of the Deepwater Horizon Drilling Platform in the Gulf of Mexico, as in “the range of $60-$70...
U.S. Congressman Requests Disaster Assistance for Louisiana Fishermen
Apr 30 2010 // U.S. Congressman Charlie Melancon of Louisiana has urged federal administrators to direct disaster funding to Louisiana’s commercial and recreational fishermen as a result of the explosion and oil spill from the...
Gulf of Mexico Leak Grows, Oil Slick Near Shore
Apr 29 2010 // The U.S. Coast Guard said Wednesday five times as much oil as previously estimated was leaking from a well beneath the site of a deadly drilling rig explosion as the slick threatened wide-scale coastal damage for four U.S....
Transocean Says Insurance Covers $560 Million Oil Rig Loss
Apr 27 2010 // Transocean Ltd. said Monday its insurance covers the total loss of the Deepwater Horizon oil platform and wreck removal after the rig that burned and sank off the Louisiana coast last week. Wreck removal coverage was only...
Quick End to Gulf Oil Leak Depends on Robot Subs
Apr 27 2010 // Crews have been using a robot submarine to try to stop an oil leak resulting from the explosion at an oil drilling platform off the coast of Louisiana. The oil is leaking nearly a mile below the surface of the Gulf of...
South Korea Sends Destroyer After Pirates Seize Oil Tanker
Apr 6 2010 // South Korea has sent a destroyer to intercept a supertanker carrying as much as $170 million worth of crude oil that was seized by Somali pirates, officials said on Monday. The South Korean-operated, Singapore-owned Samho...
Korean Oil Tanker Believed Hijacked by Somali Pirates
Apr 5 2010 // South Korea’s Foreign Ministry said a South Korean-owned oil tanker with 24 sailors aboard is believed to have been hijacked by Somali pirates. The ministry said the hijacking is thought to have occurred on Sunday...
Insurers Disagree With Calif. Over Divesture of Iranian Investments
Mar 29 2010 // California Insurance Commissioner Steve Poizner announced that 460 insurers have agreed in writing to a moratorium on future investments in 50 companies identified by the California Department of Insurance (CDI) to be...
Buzzards Bay Oil Spill Lawsuit Set to Start
Mar 23 2010 // A lawsuit brought by Massachusetts residents who say their property values dropped after a barge spilled nearly 100,000 gallons of oil in Buzzards Bay in 2003 is scheduled to start. The New Bedford Standard-Times reports...
Countries Raise Security in Malacca Strait after Terror Warning
Mar 5 2010 // Malaysia and Indonesia said on Thursday they are stepping up security in the Strait of Malacca, one of the world’s busiest shipping lanes, following the Singapore navy’s warning of possible attacks on oil...
Maritime Terrorism Could Have Global Economic Impact
Mar 5 2010 // Singapore said on Friday it had raised alert levels in the city-state and beefed up security at its airport and new casino resorts after a warning of possible attacks on oil tankers in the Malacca Strait. [See IJ web site...
Houston’s Berkley Oil & Gas Adds 3 in Executive Positions
Feb 24 2010 // Houston-based energy insurance products and services provider Berkley Oil & Gas Specialty Services LLC has announced three executive appointments. Nancy R. Zoril was added as vice president and underwriting officer;...
AXIS Capital Forms Renewable Energy Insurance Team
Feb 12 2010 // Bermuda-based AXIS Capital Holdings Limited announced the formation of a renewable energy team within its AXIS Insurance business. The team is based in London, and will “insure and assess risks for renewable energy...
