Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Canada, U.S. Safety Agencies Urge Fast Action on Oil-by-Rail Cars
Jan 24 2014 // North American regulators should phase out the type of rail car involved in last July’s deadly Lac-Megantic crash “sooner rather than later,” Canadian investigators said on Thursday, urging the United...
Texas House Subcommittee to Study Quakes in Oil, Gas Producing Areas
Jan 21 2014 // The chairman of the Texas House Committee Energy on Energy Resources has set up a team of lawmakers to investigate earthquakes in oil and gas regions. Chairman Jim Keffer named three Republicans and one Democrat to the...
Car Use No Longer Growing in Developed World, But Why?
Jan 20 2014 // Car use appears to have leveled off and even started falling in many of the world’s advanced economies long before the global downturn in 2008, according to transport experts. The slowdown brings to an end several...
Why BP May Regret Aggressively Challenging Oil Settlement Payments
Jan 17 2014 // A year after agreeing to a multi-billion dollar settlement with victims of the 2010 Gulf oil spill, BP is aggressively challenging terms of the deal in a legal strategy that could backfire with the judge who will rule on...
Japan Oil Buyers to Return to Private Insurance for Iran Imports
Jan 17 2014 // Japanese crude buyers are set to switch back to private insurance providers for transportation of Iranian oil, after relief from some EU sanctions goes into effect next week, industry and government sources said. Under the...
Senate Re-Election Politics Boosts Flood Insurance Delay Proposals
Jan 16 2014 // Senate Majority Leader Harry Reid will do just about anything to help Louisiana’s Mary Landrieu. He arranged the chamber’s floor agenda this week so Landrieu could lead debate on a flood insurance rate reprieve...
Europe to Relax Reinsurance Ban on Iranian Oil Exports Next Week
Jan 16 2014 // Europe is days from suspending a ban on reinsuring tankers hauling Iranian oil, a measure that helped cut the nation’s crude exports by more than 50 percent when it was implemented. The six-month relaxation starts...
Punctured Cars in North Dakota Train Crash Spilled 400K Gallons of Crude Oil
Jan 15 2014 // Eighteen of 20 tanker cars carrying oil that derailed in the fiery crash of two trains in North Dakota in late December were punctured, spilling more than 400,000 gallons of crude oil, safety regulators reported. In a...
Utah Claims Settled by Phillips 66 for $2 Million
Jan 14 2014 // Oil refiner Phillips 66 has paid $2 million to settle allegations it helped itself to a state fund for cleaning up damage from leaking fuel storage tanks even though it had insurance to cover the cleanups. Phillips 66 is...
EU Sanctions Relief for Iran Includes Lifting Insurance Ban
Jan 13 2014 // European Union governments will implement all EU sanctions relief for Iran covered by a landmark nuclear deal on Jan. 20, the day the agreement takes effect – including lifting a ban on insuring its oil, officials...
BP Oil Spill Settlement Fight Wages On
Jan 13 2014 // BP Plc’s $9.2 billion partial settlement over the 2010 Gulf of Mexico oil spill was upheld by an appeals court over the company’s protest that the deal wasn’t valid unless a claims-payment dispute was...
Construction’s Growing Role in Renewable Energy
Jan 13 2014 // California isn’t just a warm place to live, which is often the case even in winter, but it turns out the state is considered a “judicial hellhole.” The American Tort Reform Foundation issued its annual...
New Rail Oil Tank Car Safety Standards Expected This Month
Jan 10 2014 // U.S. officials have promised to issue within weeks new safety standards for the kind of tank cars involved in a spate of fiery derailments in recent months, a lawmaker said on Thursday. Rail cars carrying crude oil out of...
Pressure Mounts to Improve Oil-Rail Safety; Older Tank Cars in Canada Crash
Jan 10 2014 // Political pressure to quickly improve the safety of crude oil rail shipments intensified in Washington on Thursday, while Canadian officials said two of the cars involved in the latest fiery derailment were of an older...
Oil and Gas Fire as Canada Train Derails after Emergency Brakes Activated
Jan 8 2014 // A Canadian National Railway train carrying crude oil and propane derailed and caught fire after the emergency brakes were activated, the Transportation Safety Board (TSB) of Canada said on Wednesday. TSB spokesman John...
India Refiners Delay Iran Oil Imports on Failure to Get Reinsurance
Jan 8 2014 // Indian Oil Corp. and two other state- run refiners said they will defer resuming purchases of Iranian crude by at least three months, having failed to get reinsurance for shipments after Europe said it would relax a...
U.S. Sen. Schumer Seeks to Turn Up Heat on Railcar Safety
Jan 7 2014 // U.S. Senator Charles Schumer on Monday called for an overhaul of old rail tank cars used to carry crude oil after a spate of explosive derailments over the past year. The New York Democrat joined a growing number of...
Appeals Court to Fast-Track BP’s Bid to Halt Gulf Oil Spill Payments
Jan 3 2014 // BP Plc’s bid to block economic-loss payments tied to the 2010 Gulf of Mexico oil spill unless the claims can be directly linked to the disaster won fast-track consideration by an appeals court. The London-based...
North Dakota Train Fire Restarts Oil Transport Safety Debate
Jan 2 2014 // The derailment and fire that led to the evacuation of a North Dakota town has renewed the debate over whether it’s safer to ship oil by rail or pipeline as the U.S. completes a review of the Keystone XL...
Crude Oil Train in North Dakota Catches Fire After Derailing
Dec 31 2013 // A BNSF Railway Co. train carrying oil caught fire after a collision with railcars in North Dakota, causing a series of explosions that prompted police to urge local residents to evacuate the area. There were no injuries to...
