Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
BP Settlement Relieves Feinberg of Duties; New Claims Process to Start
Mar 8 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...
BP Gulf Oil Spill Settlement Includes Medical Claims Process
Mar 6 2012 // A settlement that BP is hammering out with victims of the massive Gulf oil spill finally provides a system for monitoring health concerns and compensating people whose illnesses are found to have a link to the...
Shell Files Pre-Emptive Offshore Drilling Lawsuit
Mar 5 2012 // Shell Oil Co. is taking the offensive against environmental groups that have put legal roadblocks in the company’s path to offshore drilling in the Arctic Ocean. The Houston-based company on Wednesday sued 11 Alaska...
BP’s Potential Pricetag for Gulf Oil Spill
Mar 5 2012 // BP Plc struck a deal on Friday to pay an estimated $7.8 billion to settle claims from individuals and businesses stemming from the 2010 Gulf of Mexico oil spill. But BP and its partners in the ill-fated Macondo well still...
BP’s $7.8 Billion Deal May Speed Gulf Spill Payments
Mar 5 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...
Judge: BP, Anadarko, Transocean May Be Liable for Oil Pollution Claims
Mar 5 2012 // BP Plc and Anadarko Petroleum Corp. are liable and Transocean Ltd. may be liable for civil damages under federal pollution laws over the catastrophic 2010 Gulf of Mexico oil spill, a U.S. judge ruled. The decision by U.S....
BP Reaches $7.8 Billion Deal Over Gulf of Mexico Oil Spill
Mar 3 2012 // BP Plc has reached an estimated $7.8 billion deal with businesses suing over the massive 2010 Gulf of Mexico oil spill, the company said on Friday, but the oil giant still faces claims by the U.S. government, Gulf states...
Oil Well Control Veteran, Krause, Joins J.H. Blades & Co.
Mar 2 2012 // Brian Krause has joined Houston-based J.H. Blades & Co. Inc., a division of Swett & Crawford. Krause is a veteran in the oil and gas well control and firefighting world. He began his well control career as a...
Japan Refiners Eye Force Majeure Clauses Due to Lack of Insurance
Mar 2 2012 // Japanese buyers of Iran crude may ask Tehran to include a force majeure clause in contracts if they are unable to pay Iran or lift Iranian oil due to lack of insurance cover for tankers under European Union sanctions,...
BP Seeks Settlement with Oil Spill Plaintiffs
Feb 29 2012 // BP Plc is seeking to settle a lawsuit over the massive 2010 Gulf of Mexico oil spill by tapping into a $14 billion fund it set aside to compensate fishermen and businesses harmed by the disaster, lawyers familiar with the...
Iowa-Based Petroleum Marketers Management Insurance Upgraded
Feb 28 2012 // A.M. Best Co. has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and issuer credit rating to “a-” from “bbb+” of Petroleum Marketers Management Insurance Company (PMMIC) of...
Supreme Court Weighs Foreigners’ Claims Against Corporations
Feb 28 2012 // Corporations and human rights groups are squaring off in a Supreme Court fight over whether foreign victims of war crimes, killings and other atrocities can haul multinational companies into American courts and try to...
BP Oil Spill Trial Delayed for Settlement Talks
Feb 26 2012 // The trial to decide who should pay for the 2010 Gulf of Mexico oil spill has been delayed by a week to allow BP Plc to try to cut a deal with tens of thousands of businesses and individuals affected by the disaster. Less...
Complex Trial Over Blame for Gulf Oil Spill Set to Open
Feb 24 2012 // It could be the ultimate case for passing the buck. A massive trial over the 2010 Gulf of Mexico oil spill heads for a New Orleans federal courtroom on Monday, to determine how much BP Plc and others should cough up for...
Top Japan Insurer to Cut Coverage for Ships in Iran Under Sanctions
Feb 24 2012 // Japan’s main shipping insurer will only be able to provide a fraction of the coverage to tankers transporting Iranian oil under new European Union sanctions, officials said on Friday. Starting in July, European...
India Still Insuring Exports to Iran
Feb 24 2012 // India’ export guarantee agency has not stopped giving insurance cover to shipments to Iran and has only tightened criteria as part of a more cautious approach, official sources said on Friday, as western sanctions...
TGA Insurance Managers Adds Gallien in Oil & Gas Unit
Feb 23 2012 // TGA Insurance Managers Inc., a subsidiary of Texas-based Hallmark Financial Services Inc., has hired Michael Gallien as product manager for its oil and gas program. Prior to joining TGA, Gallien worked at Chartis from 2009...
Judge: BP, Anadarko, Transocean May Be Liable for Oil Pollution Claims
Feb 23 2012 // BP Plc and Anadarko Petroleum Corp. are liable and Transocean Ltd. may be liable for civil damages under federal pollution laws over the catastrophic 2010 Gulf of Mexico oil spill, a U.S. judge ruled. Wednesday’s...
Reuters: Dubai Finance Centre to Allow Transactions in Chinese Yuan
Feb 23 2012 // The Dubai International Financial Centre (DIFC), the United Arab Emirates’ financial hub, expects to permit transactions in Chinese yuan from this year, industry sources told Reuters on Thursday. The change would...
Mitsui Unit to Pay $90 Million Over Gulf Oil Spill
Feb 21 2012 // Mitsui & Co. Ltd.’s MOEX Offshore agreed with the U.S. Justice Department to pay at least $90 million to settle some of its liability in the Deepwater Horizon oil spill, the first government settlement involving...
