Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Marsh to Host Dubai Oil Conference
Feb 8 2007 // Marsh Inc. will host the first ever global risk advisory meeting of the world’s national oil companies (NOCs) at a conference in Dubai on 26-28 February. “These state-owned enterprises manage roughly 80 percent...
Judge Approves Deal Over Katrina-Related Urban Oil Spill in La.
Feb 1 2007 // A federal judge on Jan. 30 approved a settlement between Murphy Oil Corp. and about 6,000 St. Bernard Parish, La., homeowners over an oil spill that happened during Hurricane Katrina. In a three-page ruling, U.S. District...
Swiss Re Advisors See Big Demand for Energy Risk Underwriting
Nov 29 2006 // Major global political and business leaders say energy issues are high on their agenda and that the demands and risk transfer needs of this sector pose challenges and opportunities for insurers and reinsurers. At Swiss...
Companies Count the Cost of Kidnapping in Nigeria
Oct 11 2006 // Oil companies in Nigeria are being hit with rising costs due to kidnappings of their staff that have become so commonplace in the volatile Niger Delta one Nigerian company is selling T-shirts calling it the country’s...
Congress Raises Penalties for Oil Spills on Waterways
Jun 30 2006 // The Delaware River and other waterways around the nation will be better protected from oil spills under legislation approved Tuesday by Congress, according to one of the measure’s co-sponsors. The Coast Guard and...
Oil Well Discovered at Construction Site for Convenience Store in Okla.
Jun 9 2006 // Construction crews building a convenience store in south Tulsa, Okla., have discovered an abandoned oil well while digging a hole for gas storage tanks. The strange discovery was made recently when the crews broke open the...
OIL to Buy Back $300 Million in Debt
Jun 6 2006 // Oil Insurance Limited, founded in Bermuda in 1971 by 16 energy companies, as a mutual insurance company, announced that it is offering to purchase for cash any and all of its outstanding $300 million aggregate principal...
Agency: Katrina, Rita Destroyed 113 Petroleum Platforms
May 3 2006 // Hurricanes Katrina and Rita destroyed 113 petroleum production platforms in the Gulf of Mexico, a federal agency overseeing offshore drilling said. The storms also damaged 457 pipelines connecting production facilities in...
Banks, shippers, oil companies – not just insurers – face Katrina-related suits
Apr 17 2006 // One couple has sued Regions Bank for allegedly failing to pay their windstorm policy out of their escrow account. Hurricane Katrina lawsuits are multiplying and it’s not just insurance companies that are defendants....
Nationwide: Survey Shows Fuel Prices Drive Increased Motorcycling
Apr 10 2006 // According to a recent survey, Nationwide Mutual Insurance Co. predicts that 35 percent of motorcyclists will ride their bikes more over the next year as a result of fuel prices. A written release issued by the Columbus,...
Oil pipe corrosion big threat as Alaska marks Exxon spill anniversary
Apr 3 2006 // Since the Exxon Valdez caused the worst oil spill in the nation’s history, tankers that ship Alaska’s crude oil to the West Coast have become stronger and safer. Two escort vessels guide the tankers out of...
Banks, shippers, oil companies – not just insurers – face Katrina-related suits
Apr 3 2006 // One couple has sued Regions Bank for allegedly failing to pay their windstorm policy out of their escrow account. Hurricane Katrina lawsuits are multiplying and it’s not just insurance companies that are defendants....
News Currents
Apr 3 2006 // Oil pipe corrosion big threat as Alaska marks Exxon spill anniversary Since the Exxon Valdez caused the worst oil spill in the nation’s history, tankers that ship Alaska’s crude oil to the West Coast have...
Pipe Corrosion Biggest Threat as Alaska Marks Exxon Valdez Spill
Mar 24 2006 // Since the Exxon Valdez caused the worst oil spill in the nation’s history, tankers that ship Alaska’s crude oil to the West Coast have become stronger, with double hulls and redundant operating systems for...
Ellis Joins Willis as Global Energy Practice Leader
Mar 23 2006 // Global insurance broker Willis Group Holdings Limited announced that Phillip Ellis has joined the Goroup as Global Energy Practice Leader. The bulletin characterized the move as a “significant senior appointment...
What brokers need to watch for in Oil & Gas coverage
Mar 20 2006 // There are common problems that may arise in the provision of coverage for Oil & Gas operators. Among those for which the broker should be on the lookout are: The International Association of Drilling Contractors...
For Oil & Gas operators, contracts and coverages go hand in hand
Mar 20 2006 // When discussing insurance coverages for the Oil and Gas operator the term that really should be employed is “contracts/coverages,” because it is nearly impossible to separate the two–they go hand in...
Not all Oil & Gas programs are created equal
Mar 20 2006 // What do Dodge Neon, Mazda Miata and Lexus 430 have in common? Simple–they are all the same form of transportation. Each will allow you to control your travel from Point A to Point B but each has its own unique...
By W. Randolph Zator
Mar 19 2006 // Not all Oil & Gas programs are created equal The American market has expanded in numbers from AIG Oil Rig, principally alone 30 years ago, to perhaps 10 domestic energy markets. Other foreign carriers in Bermuda and...
Alaska Workers Recover 56,000 Gallons; Content Likely ‘Mostly Oil’
Mar 9 2006 // Workers in Alaska have recovered more than 56,000 gallons, or 1,335 barrels, of crude oil and snowmelt after a leak was discovered on a transit line on Prudhoe Bay, officials said. It’s still not known how much total...
