Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
BP Proposes Gulf Oil Spill Claims Settlement
May 7 2012 // BP Plc reached settlements on April 18 to resolve billions of dollars of claims from the 2010 Gulf of Mexico oil spill, and asked a U.S. judge for a long delay in any trial over remaining disputes stemming from the...
Oil, Economy Fuel Insurance Hiring in Texas
May 7 2012 // Job Outlook Across the nation, employment levels in insurance agencies and brokerages declined at a faster rate than the overall U.S. employment level since the recession began in 2007. The good news: Some independent...
BP Wins Delay of Gulf Oil Spill Trial
May 4 2012 // A trial to assign blame and damages that could total tens of billions of dollars for the 2010 Gulf of Mexico oil spill has been put off until January, in a setback for the U.S. government, which wanted to try its case this...
Sen. Rubio: 100% of BP Fines Should Go to Gulf States
May 3 2012 // Sen. Marco Rubio, R.-Florida, said he opposes a plan that would give Gulf coast states 80 percent of the fines stemming from the 2010 oil spill because the other 20 percent will be cut up and spent elsewhere, a position...
BP’s $7.8 Billion Gulf Oil Spill Settlement Wins Initial Court OK
May 3 2012 // BP Plc won preliminary court approval of an estimated $7.8 billion settlement to resolve more than 100,000 claims by individuals and businesses stemming from the 2010 Gulf of Mexico oil spill. The accord comprises two...
U.S. Opposes Delay in BP Oil Spill Trial
May 2 2012 // The U.S. government said a trial to assign blame and damages among BP Plc and others over the 2010 Gulf of Mexico oil spill should not be delayed until after a hearing over a $7.8 billion settlement of private party...
Shipping Exec: India’s State Insurers to Provide $50 Million Cover for Iran Oil Buy
May 1 2012 // Indian state-run insurers have agreed to give limited cover to local ships for carrying Iranian oil, helping the energy-hungry country import reduced volumes from sanctions-hit Tehran from July, a Shipping Corp of India...
Shrimp Processors Object to BP Oil Spill Settlement
Apr 24 2012 // Shrimp processors have asked a federal judge to delay preliminary approval of BP Plc’s proposed settlement of economic damage claims from the 2010 Gulf of Mexico oil spill, arguing that it is unfair to parts of the...
New Prosecutor Seeks to Stop Chevron’s Brazil Operations
Apr 20 2012 // A new prosecutor in the case against Chevron Corp and drilling firm Transocean Ltd for an offshore oil spill said Thursday he will seek to suspend the companies’ operations in Brazil, a sign that he may be just as...
Audit of Gulf Oil Spill Claims Fund Finds $64 Million in Underpayments
Apr 20 2012 // An audit of the $20 billion fund for paying victims of the 2010 Gulf of Mexico oil spill found “significant errors” that led to about 7,300 claimants who were underpaid receiving an extra $64 million, the U.S....
Gulf Oil Spill Commission Criticizes Congress for Inaction
Apr 19 2012 // A presidential commission that investigated the Gulf oil spill blasted Congress for inaction in its report card on industry and government response to the massive BP oil spill. “Across the board, we are disappointed...
BP Proposes Gulf Oil Spill Claims Settlement, Trial Delay
Apr 19 2012 // BP Plc reached settlements to resolve billions of dollars of claims from the 2010 Gulf of Mexico oil spill, and asked a U.S. judge for a long delay in any trial over remaining disputes stemming from the disaster. The...
South Central Insurance Employment: Oil, Economy Fuel Texas Hiring
Apr 19 2012 // Across the nation, employment levels in insurance agencies and brokerages declined at a faster rate than the overall U.S. employment level since the recession began in 2007. The good news: Some independent agencies across...
Is Marine Insurance the Stranglehold on Iran?
Apr 18 2012 // Marine insurance, or lack of it, may yet turn out to be the most effective sanction used by Western nations in 17 years of tightening the screws on Iran’s nuclear program. A European Union oil embargo on Iran, set to...
Judge Extends Deadline for BP Oil Spill Settlement
Apr 16 2012 // A federal judge has given BP Plc and lawyers for individuals and businesses who claimed they were harmed by the 2010 Gulf of Mexico oil spill more time to file details of their proposed settlements. U.S. District Judge...
Florida Seeks to Delay Approval of $7.8 Billion BP Settlement
Apr 16 2012 // The Attorney General for the State of Florida has asked a federal court to delay granting preliminary approval of BP Plc’s $7.8 billion settlement with businesses and individuals suing over the massive 2010 Gulf of...
Japanese Insurers to Limit Iran Oil Voyages in Mideast Gulf – Sources
Apr 13 2012 // Japanese insurers are warning ship owners that they will only cover one tanker at a time carrying Iranian crude oil through the Middle East Gulf due to tightening Western sanctions against OPEC’s second biggest...
U.S. to Give BP Evidence on Size of Gulf Oil Spill
Apr 12 2012 // BP Plc will gain access to U.S. government documents that may shed light on the size of the 2010 Deepwater Horizon oil spill in the Gulf of Mexico, a crucial issue in determining the oil company’s...
Japan P&I Club Ship Insurer Sets New Rules on Iran Oil Transport
Apr 11 2012 // Ship owners covered by Japan P&I club must alert the maritime insurer in advance of any plans to transport Iranian oil and petrochemicals that could fall foul of Western sanctions, the insurer said. The United States...
China P&I Club to Stop Indemnity Coverage for Tankers with Iran Oil
Apr 5 2012 // Key ship insurer, China P&I Club, will halt indemnity coverage for tankers carrying Iranian oil as of July amid tightening Western sanctions against OPEC’s second largest oil producer, two club officials told...
