Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Chevron, Transocean Face New Multi-billion Brazil Lawsuit; ‘Outrageous’ Say Companies
Apr 4 2012 // A Brazilian federal prosecutor on Tuesday launched his second 20 billion real ($10.9 billion) lawsuit against U.S. oil company Chevron and driller Transocean, doubling the stakes against the companies as critics call him...
BP Claims U.S. Hiding Evidence on Size of Gulf Oil Spill
Mar 30 2012 // BP Plc has accused the U.S. government of withholding evidence that may show the 2010 Gulf of Mexico oil spill was smaller than federal officials claimed, a key issue in determining the oil company’s liability. A...
Total Considers Options to Extinguish North Sea Gas Flare
Mar 30 2012 // France’s Total is laying plans, including a helicopter water drop, fire-fighting vessels and spraying nitrogen, to extinguish a flare on its Elgin North Sea gas platform that is leaking explosive clouds of gas, the...
Iran Oil Costs to Surge with EU Ship Insurance Ban
Mar 29 2012 // A widely expected ban on European insurance cover for Iranian oil exports from July 1 is threatening to curtail shipments and raise costs for major buyers such as Japan and South Korea, insurance industry sources say. Last...
Oilfield Cleanup a Big-Money Dispute in Louisiana
Mar 28 2012 // A behind-the-scenes firestorm in Louisiana’s legislative session centers on a big-money, years-long dispute between landowners and the oil and gas industry over how cleanup should be handled of environmental damage...
Total: “May be Months” to Stop North Sea Gas Leak
Mar 27 2012 // A cloud of explosive natural gas boiling out of the North Sea from a leak at Total’s abandoned Elgin platform forced wider evacuations off the Scottish coast on Tuesday as the French oil company warned it may take...
Oil Well Services Company in Texas Fined for Repeat Safety Violations
Mar 23 2012 // The U.S. Department of Labor’s Occupational Safety and Health Administration has cited Palestine, Texas-based Mercer Well Service for five repeat violations following an inspection at the company’s Colt 34-212...
EU Agrees to Some Iran Oil Insurance Exemptions – Until July
Mar 23 2012 // The European Union will allow some insurance on Iranian oil shipments before its full embargo starts on July 1, member states agreed on Thursday, responding to concerns from Asian importers heavily reliant on the EU for...
Chevron, Transocean Charged in Brazilian Oil Spill
Mar 22 2012 // A Brazilian federal prosecutor filed criminal charges on Wednesday against Chevron and drill-rig operator Transocean for a November oil spill, raising the stakes in a legal saga that is adding to Chevron’s woes in...
U.S. Exempts 11 Countries from Iran Oil Sanctions; China, India Exposed
Mar 21 2012 // The United States exempted Japan and 10 EU nations from financial sanctions because they have significantly cut purchases of Iranian oil, but left Iran’s top customers China and India exposed to the possibility of...
EU Fails to Agree on Exemptions for Iran Oil Transport Insurance
Mar 20 2012 // European Union diplomats on Tuesday postponed a decision on whether to grant any exemptions to insurance provided for Iranian crude shipments when the bloc implements oil sanctions on Iran, an EU diplomat said. Asian oil...
Brazilian Prosecutor to Charge Chevron Cannot Stop Oil Leak
Mar 20 2012 // A Brazilian prosecutor plans to allege this week that U.S. oil company Chevron has no way to stop a leak in an offshore oil field caused by a November drilling accident. Prosecutor Eduardo Santos de Oliveira told Reuters...
BP’s $7.8 Billion Deal May Speed Gulf Spill Payments
Mar 19 2012 // The estimated $7.8 billion deal struck by BP Plc with businesses and individuals suing over the massive 2010 Gulf of Mexico oil spill could speed up payments to thousands of claimants and offers lawyers a potential...
BP Settlement Relieves Feinberg of Duties; New Claims Process to Start
Mar 19 2012 // The man who has paid out billions of dollars to victims of the massive 2010 Gulf of Mexico oil spill has been formally relieved of his duties, and a federal judge has set up a new process to let more people and businesses...
Oil Spill Panel to Issue Drilling Safety Report
Mar 16 2012 // The seven-member commission selected by President Barack Obama to investigate the Gulf oil spill is getting back together. This time, it will press for action to improve drilling safety. The re-formed group said it plans...
EU Foreign Ministers Set Talks on Tanker Insurance for Iran Oil Embargo
Mar 16 2012 // EU foreign ministers are expected to discuss how the bloc’s Iran oil embargo will impact shipping insurance when they hold a scheduled meeting next week, an industry source said on Friday. The ministers are due to...
Debt Ridden India Makes More Claims on Its Insurance Giant
Mar 13 2012 // An Indian government company with more than a quarter of a billion customers has once again dug into its pockets to prop up its financially-strapped owner. Policyholders in the Life Insurance Corporation of India, a...
Florida AG HIres Law Firms to Pursue Gulf Oil Spill Claims
Mar 12 2012 // Attorney General Pam Bondi has hired four law firms to help with Florida’s claims related to the Gulf of Mexico oil spill two years ago. Bondi said the firms will work on a contingency basis, earning 2.5 percent of...
Gulf Oil Spill: Tales of 3 Plaintiffs
Mar 12 2012 // The phone at Joan Strohmeyer’s fishing lodge in Venice, Louisiana, has been ringing steadily since 2010, but not many of the calls are from customers who want to go fishing. Mainly, they are from lawyers who want her...
Lawyers in Gulf Oil Spill Settlement Prepare for Fight Over Fees
Mar 8 2012 // The estimated $7.8 billion settlement reached last week between BP Plc and attorneys for victims of the Gulf of Mexico oil spill left many details unresolved, but at least one thing looks like a sure bet. The lawyers are...
