Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
BP Sees No Quick Settlement in Oil Spill Case; Latest Cost Estimate at $42.4B
Jul 30 2013 // BP is digging in for a long legal battle over the Gulf of Mexico oil spill, Chief Executive Bob Dudley said on Tuesday after compensation costs soared for a second straight quarter. The payouts, the scale of which BP is...
Quebec Gov’t. Orders MMA Railway, World Fuel to Pay for Train Crash Cleanup
Jul 30 2013 // The Quebec government has ordered the rail and fuel companies involved in a devastating train crash that killed 47 people in the town of Lac Megantic to pay for cleaning up the crude oil that spilled in the town and...
Could Halliburton’s Plea Help BP in Oil Spill LIability Battle?
Jul 29 2013 // P Plc appeared to gain an edge in the battle over liability for the 2010 Gulf of Mexico spill on Friday, after Halliburton abandoned one of its arguments that tried to paint the British oil company as unconcerned about...
Halliburton Pleads Guilty to Destroying Gulf Oil Spill Evidence
Jul 26 2013 // Halliburton Co. has agreed to plead guilty to destroying evidence related to the 2010 Gulf of Mexico oil spill, the U.S. Department of Justice said on Thursday. The government said Halliburton’s guilty plea is the...
Michigan Brewery Sues Over Oil Spill Cleanup Dredging Plan
Jul 25 2013 // A brewery in Michigan has sued over a plan for dredging sediments as part of the cleanup from the Kalamazoo River oil spill three years ago. The Kalamazoo Gazette reports Bell’s Brewery has sued Enbridge Inc. and the...
Louisiana Agency Sues Big Oil Firms for Hurting Wetlands
Jul 25 2013 // A Louisiana agency sued 97 oil companies – including BP Plc, Exxon Mobil Corp, Chevron Corp and Royal Dutch Shell Plc – in state court on Wednesday for allegedly damaging hundreds of miles of sensitive wetlands...
Insurance Bill for Renewable Energy Seen Tripling to $2.8 Billion
Jul 25 2013 // Insurance costs for the renewable energy industry may more than triple to $2.8 billion by 2020 as projects become more complex and risky, a report commissioned by Swiss Re Ltd. found. The report by Bloomberg New Energy...
44 Rescued From Gulf Rig After Natural Gas Blowout off Louisiana Coast
Jul 25 2013 // Natural gas spewed uncontrolled from a well of the Louisiana coast on July 23 after a blowout that forced the evacuation of 44 workers aboard a drilling rig, authorities said. No injuries were reported in the midmorning...
Oklahoma Agency Working to Reduce Earthquake Risks
Jul 24 2013 // The Oklahoma Geological Survey has begun work on plans to reduce the risk of oil-field work involving injection wells that some believe may be causing earthquakes. The Tulsa World reported that a summary report said the...
West Africa Pirates Seen Threatening Oil and Shipping for Years
Jul 23 2013 // West African pirates will threaten the region’s oil and shipping industries for years as the measures used to curb attacks in the Indian Ocean aren’t able to help, according to a provider of armed guards for...
Canadian Investigators Want Rule Changes after Deadly Rail Crash
Jul 22 2013 // Canadian investigators issued their first recommendations on Friday after a devastating train wreck in Quebec, urging that trains hauling dangerous goods not be left unattended, and pushing for stricter guidelines on...
Judge Denies BP Bid to Halt Oil Spill Claim Payments
Jul 19 2013 // A federal judge denied BP Plc’s attempt to suspend payments to people and businesses claiming damages related to the 2010 Gulf of Mexico oil spill, while an investigator —— former FBI Director Louis Freeh—...
India Grants 3 Month Extension to Iranian Underwriters for Non-Oil Shipments
Jul 18 2013 // India has extended a temporary approval to Iranian underwriters Kish P&I Club and Moallem Insurance Co for covering container and tanker vessels calling at Indian ports, in a move that should clear a backlog of...
BP Wants Gulf Oil Spill Claim Payments to Stop Until Probe Complete
Jul 17 2013 // BP Plc asked a federal judge to temporarily halt payments from the court-supervised settlement program set up after the 2010 Gulf of Mexico oil spill while Louis Freeh investigates possible misconduct. BP filed its request...
BP Gulf Oil Victims Challenge Economic Damages Claim Settlements
Jul 16 2013 // BP Plc’s $8.2 billion settlement of most private economic-damage claims from the 2010 Gulf of Mexico oil spill is unfair and should be rejected, victims opposed to the deal told a federal appeals court. The agreement...
Railroad at Center of Quebec Town Tragedy and Heart of its Recovery
Jul 15 2013 // It was a runaway train that caused this month’s deadly inferno in Lac-Megantic, but the Canadian town’s leaders, business owners and many of its residents see the railway as crucial to their survival and want...
Some Victims Appeal Medical Benefits in BP Oil Spill Settlement as ‘Unfair’
Jul 12 2013 // The medical benefits portion of BP Plc’s settlement over the 2010 Gulf of Mexico oil spill is “substantively unfair” and approval of the accord should be reversed, lawyers opposing the agreement told an...
Third Lawsuit Filed Over Montana Crude Oil Spill
Jul 11 2013 // A third lawsuit has been filed by property owners alleging damages from an Exxon Mobil Corp. oil spill that dumped an estimated 63,000 gallons of crude into the Yellowstone River. The suit alleges company personnel ignored...
Oil Tank Cars Like Those in Quebec Rail Tragedy Long Seen as Flawed
Jul 10 2013 // The oil-laden train that derailed and exploded in a small Canadian town on Saturday, possibly killing as many as 50 people, included a class of railcar whose vulnerability to leaks and deadly explosions was well known to...
How a Runaway Train Devastated Canadian Town; 13 Dead, 37 Missing
Jul 9 2013 // The short length of track, nestled in a dark pine and birch forest in Quebec, is a regular overnight stop for freight trains hauling crude oil and other raw materials across North America. Normally, before retiring for the...
