Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Shipping Industry and Insurers Face Uncertain New Fuel Risks and Rules
Dec 12 2019 // Faced with imminent new global marine pollution rules, shipping companies and insurers are puzzling over the risks. To reduce emissions of toxic sulfur that cause premature deaths, shipowners who have long relied on the...
A Decade After Gulf Oil Spill, a New Wave of BP Lawsuits Hits Courts
Dec 11 2019 // A new wave of lawsuits against BP is hitting the federal courts nearly a decade after the Gulf oil spill. The new litigation is the result of a court ruling that blocks thousands of people from a medical settlement...
Group Warns Climate Regulations Could Disrupt Investment Strategies
Dec 10 2019 // Tighter government climate regulations by 2025 could wipe up to $2.3 trillion off the value of companies in industries ranging from fossil fuel producers to agriculture and car makers, an investor group warned in a...
UK Judge Blocks Nigerian Court’s Oil Spill Damages Order Against Shell
Dec 8 2019 // Royal Dutch Shell Plc units won a UK ruling preventing London courts from enforcing a $516 million Nigerian judgment for damages caused by an oil spill half a century ago. Judge Jason Coppel on Thursday overturned an...
After Oil Field Attacks, Saudi Aramco Seeks Terrorism Insurance from London Market
Dec 4 2019 // Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters. Aramco, the world’s largest oil...
Ratings of Iowa’s Petroleum Marketers Management Insurance Upgraded
Dec 4 2019 // AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of Petroleum Marketers Management Insurance Co....
Trump Regulatory Rollback Targets Safety Rules Prompted by Industrial Disasters
Nov 25 2019 // The Trump administration’s move to relax an Obama-era chemical safety regulation put in place after an explosion at a fertilizer plant is the latest example of the White House easing rules established in the wake of...
One Critically Injured in Fire at Texas Oilfield Site
Nov 22 2019 // One person was seriously injured in a Midland, Texas, explosion and fire on Thursday involving several storage tanks and a truck used in oilfield operations, city and hospital officials said. The fire was contained at the...
Report Urges Insurers to Eye Impact of Climate Change on Underwriting, Investments
Nov 21 2019 // Insurers can no longer put off addressing the impact of climate change on their underwriting, pricing, and investment decisions, as well as their bottom lines, a recent analysis from Deloitte asserts. “The escalating...
More Acreage than First Thought Affected by North Dakota Keystone Pipeline Leak
Nov 20 2019 // A crude oil spill from the Keystone pipeline in eastern North Dakota has turned out to have affected almost 10 times the amount of land as first reported, a state regulator said. North Dakota environmental scientist Bill...
Mining Group Has Concerns on Global Tailings Dam Safety Standards
Nov 20 2019 // The world’s largest mining trade group said on Monday it has concerns with standards being considered for global tailings dam safety, especially how the new rules will apply to new and existing facilities. An...
Pemex Oil Firm ‘Unaffected’ by Cyber Attack, Says Mexican Minister; Workers Disagree
Nov 15 2019 // A cyber attack on computer networks of the Mexican national oil company Pemex is “totally under control” and did not have any negative consequences, Security Minister Alfonso Durazo said on Thursday. The attack...
City and Union Officials to Consult on Philadelphia Refinery Sale Process
Nov 15 2019 // A U.S. bankruptcy judge on Thursday approved a process for the sale of the Philadelphia Energy Solutions oil refinery, the largest and oldest on the East Coast, under which city officials and a trade union will consult on...
Ransomware Hackers Demand $5M from Mexico State Oil Firm Pemex
Nov 13 2019 // Hackers demanded about $5 million in bitcoin from Mexico’s Pemex, they told Reuters on Tuesday, saying the state oil firm missed a special discount by not paying immediately after a cyber attack that fouled up the...
Ransomware Attack Hits Mexico’s State Oil Firm Pemex
Nov 12 2019 // A ransomware attack hit computer servers and halted administrative work on Monday at Mexican state oil firm Pemex, according to employees and internal emails, in hackers’ latest bid to wring ransom from a major...
After Leak in North Dakota, Keystone Pipeline Restart Waiting on Corrective Action
Nov 8 2019 // Federal regulators have ordered the Keystone pipeline to remain shut down until its Canadian owner takes corrective action aimed at determining the cause of a breach that leaked an estimated 383,000 gallons (1.4 million...
Scores of U.S. Dams in Poor Condition Pose Danger to Thousands
Nov 7 2019 // On a cold morning last March, Kenny Angel got a frantic knock on his door. Two workers from a utility company in northern Nebraska had come with a stark warning: Get out of your house. Just a little over a quarter-mile...
Philadelphia Fire Highlights Dangers of Old Infrastructure at U.S. Refineries
Nov 6 2019 // How did a piece of piping installed when Richard Nixon was U.S. president go without once being checked before leading to a fire that devastated the East Coast’s largest and oldest oil refinery? That’s a...
States’ Climate Change Litigation Could Be Useful Tool Against Big Oil: Opinion
Nov 5 2019 // A growing number of cities and states want to turn climate change lawsuits against oil companies into the next tobacco or opioid litigation. In principle, that seems like a truly terrible idea. Such lawsuits will likely do...
U.K. Bans Fracking on Concerns About Earthquake Risk
Nov 4 2019 // The U.K. fracking industry suffered a fatal blow as the Conservative government ended its support for the controversial practice. The move, just weeks ahead of a general election, effectively bans new wells using hydraulic...
