Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Aging Oil-Storage Ships Pose Safety, Environmental Risks Around the World
Feb 23 2022 // The decades-old, oil-storage ship that blew up off the coast of Nigeria recently — killing some of its crew and spewing its contents into the Atlantic Ocean — is one of many vessels of similar vintage dotted...
Climate Change Could Push Flood Losses in U.S. to $40B by 2050
Feb 17 2022 // Climate change could result in the financial toll of flooding rising by more than a quarter in the U.S. by 2050, according to new research. The research, led by the University of Bristol and published in Nature Climate...
Gasoline Tanker Crashing Into Long Island Building Causes Major Blaze, Fuel Spill
Feb 17 2022 // ROCKVILLE CENTRE, N.Y. — A tanker carrying 9,200 gallons (34,825 liters) of gasoline overturned, crashed into a vacant building and burst into flames on Long Island early Wednesday, shutting down traffic for hours and...
French Insurer CNP to Stop Financing New Oil/Gas Projects to Help Limit Global Warming
Feb 17 2022 // France’s CNP Assurances CNPP.PA will no longer finance new oil and gas projects or invest more money in companies planning to do so, joining the growing ranks of insurers taking a more pro-active approach to tackling...
SEC Fines Iowa Insurance Agent $112,000 For Oil, Gas Investments
Feb 11 2022 // The U.S. Securities and Exchange Commission has fined a Bettendorf, Iowa insurance agent nearly $112,000 for selling unregistered securities tied to oil wells in Texas. The agency said in filings that Cody Christopher...
Settlement Allows Kansas Utility Company to Pass $366 Million on to Customers
Feb 10 2022 // Kansas Gas Service customers will pay an estimated $5 to $7 a month for five to 10 years to pay for a spike in natural gas costs during frigid weather last year. The Kansas Corporation Commission approved a settlement...
Earthquakes in Texas Doubled in 2021. Scientists Cite Years of Oil Companies Injecting Sludgy Water Underground.
Feb 9 2022 // MIDLAND — One local said it sounded like a pickup truck had rammed into the side of their house. Another said it sounded like the air conditioner fell off the roof. A third compared the experience to getting off of a...
Oil Production Vessel Explodes Off Coast of Nigeria
Feb 3 2022 // An oil production ship exploded off the coast of Nigeria in what may prove to be the nation’s second major environmental setback in three months. The Trinity Spirit, able to store about 2 million barrels of oil, blew...
Hackers Target Key Fuel-Distribution Firms in Europe
Feb 3 2022 // Europe’s fuel-supply network fell victim to a cyberattack — less than a year after the biggest refined petroleum pipeline in the U.S. was halted by a hack. The situation was serious “but not grave,”...
Swiss Re Corporate Solutions Promotes 2 in Engineering & Construction; Chubb Names Houghton Head of Distrib., UK & Ireland; Marsh Hires AXA XL’s Latham to Lead ART, UK&I
Feb 2 2022 // This edition of International People Moves details appointments at Swiss Re Corporate Solutions, Chubb and Marsh. A summary of these new hires follows here. Swiss Re Corporate Solutions Promotes 2 in Engineering &...
U.S. Offers States $1.15B to Clean Up Abandoned Oil and Gas Wells
Feb 1 2022 // The Biden administration on Monday said it would make $1.15 billion available to states to clean up abandoned oil and gas wells as part of a broad effort to reduce U.S. climate warming emissions and improve health and...
People Moves: Chubb Hires Global Aerospace’s Abbott; Brit Names Chaganty as Chief Data Officer; WTW Taps Marsh’s Gardner for GB Renewable Energy & Power Team
Feb 1 2022 // This edition of International People Moves details appointments at Chubb Global Markets, Brit Ltd. and Willis Towers Watson. A summary of these new hires follows here. Chubb Global Markets Appoints Abbott as Product Head...
Chaucer Forms Renewable Power Team in Move to Expand Energy Division
Feb 1 2022 // Specialty re/insurance group Chaucer announced the creation of a dedicated team for Renewable Power as part of plans to broaden its Energy Division and provide dedicated support to oil and gas clients as they transition...
Oklahoma Oil Tank Battery Explosion and Fire Injures 2
Jan 26 2022 // Two workers were injured Jan. 24 in an explosion and fire at a central Oklahoma oil tank battery, officials said. The incident happened shortly before 2 p.m. at a Devon Energy oil well pad in Okarche, Oklahoma, about 35...
California Bill Would Require Insurers to Disclose Fossil Fuel Dealings
Jan 25 2022 // California Assemblyman Marc Levine (D-Marin County) on Tuesday introduced a bill to require insurance companies operating in California to disclose investments in fossil fuel-related entities as well as the fossil...
UAE Bans Flying of Recreational Drones After Fatal Attack on Oil Facility
Jan 25 2022 // DUBAI, United Arab Emirates (AP) – The United Arab Emirates has banned the flying of drones in the country for recreation after Yemen’s Houthi rebels claimed a fatal drone attack on an oil facility and major...
Two Oil Tankers Lose Safety Certification Over Claims They Violated Iran Sanctions
Jan 21 2022 // Two tankers have had their environmental and safety classification withdrawn by a U.S. company that provides such certification, after accusations by a U.S. advocacy group that they had shipped cargoes of Iranian oil,...
Shell Appeals $2 Billion Court Judgment in Nigerian Oil-Spill Case
Jan 21 2022 // A Nigerian court will hear Royal Dutch Shell Plc’s appeal to overturn an almost $2 billion award against the company for allegedly spilling oil in the West African country. The energy giant is challenging a November...
Appeals Court Clears The Hartford on Most BP Oil Spill Cleanup Workers’ Injury Claims
Jan 20 2022 // Navigators Insurance, part of The Hartford, does not have to cover most medical and injury claims from 2,000 workers who cleaned beaches after the 2010 BP oil spill in the Gulf of Mexico, a federal appeals court decided...
Oil Spill Caused by Massive Waves From Tonga Is ‘Ecological Disaster’ for Peru
Jan 20 2022 // An oil spill at a refinery in Peru during high waves caused by the explosion last weekend of a volcano in Tonga is an “ecological disaster,” the Peruvian government said on Wednesday. The foreign ministry said...
