Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Pipeline Company to Pay Nearly $1M for California Oil Spill
Aug 15 2022 // The owner of an underwater oil pipeline that spilled some 25,000 gallons of crude into the ocean off Southern California last year will pay nearly $1 million in cleanup costs. The Orange County Board of Supervisors agreed...
Louisiana Oil Spill Cleanup Underway After Tank Platform Collapse
Aug 11 2022 // An oil spill cleanup is underway at a site where an oil tank platform collapsed in a Louisiana bay, the Coast Guard said. The spill of crude oil occurred at Hilcorp’s Caillou Island facility in Terrebonne Bay,...
Russia Finds New Route to Get Oil to Market Via Tiny Egyptian Port
Aug 5 2022 // Russia appears to have found a new means of getting its oil to market with western sanctions looming for Moscow. A cargo of about 700,000 barrels of Russian oil was delivered to Egypt’s El Hamra oil terminal on its...
G7 Nations Mull Options to Deprive Moscow of Bumper Oil Profits
Aug 3 2022 // The Group of Seven (G7) wealthy nations is looking at blocking the transportation of Russian oil among other options to deprive Moscow of bumper revenues amid its invasion of Ukraine, unless it heeds a price cap. In a...
Pipeline Company to Pay Nearly $1M for California Oil Spill
Jul 29 2022 // The owner of an underwater oil pipeline that spilled some 25,000 gallons of crude into the ocean off Southern California last year will pay nearly $1 million in cleanup costs. The Orange County Board of Supervisors on...
G7 Countries Aim to Have Price Cap on Russia Oil Before Dec. 5, When Sanctions Kick In
Jul 28 2022 // The Group of Seven richest economies aim to have a price-capping mechanism on Russian oil exports in place by Dec. 5, when European Union sanctions banning seaborne imports of Russian crude come into force, a senior G7...
Dredging Company Paying $1M for Restoration in Louisiana Oil Spill
Jul 18 2022 // A Houston dredging company has been ordered to pay a $1 million fine for an oil spill that occurred when a subcontractor cut through an oil pipeline during barrier island restoration work off Louisiana in 2016. Great Lakes...
1M Gallons of Oil Collected Since 2019 Spill off Louisiana Coast
Jul 14 2022 // One million gallons of oil have been collected since April 2019 from the site of the nation’s longest oil spill, in the Gulf of Mexico off Louisiana, the Coast Guard and National Oceanic and Atmospheric...
G-7 Eyes Cap on Price of Russian Oil via Insurance, Shipping Restrictions
Jun 27 2022 // Group of Seven nations are discussing a cap on the price of Russian oil that would work by imposing restrictions on insurance and shipping, according to people familiar with the matter. The potential mechanism would only...
Dredging Company Paying $1M for Restoration in Louisiana Oil Spill
Jun 24 2022 // A Houston dredging company has been ordered to pay a $1 million fine for an oil spill that occurred when a subcontractor cut through an oil pipeline during barrier island restoration work off Louisiana in 2016. Great Lakes...
Russian Oil Tankers Get Their Safety Certification From India via Dubai Company
Jun 23 2022 // India is providing safety certification for dozens of ships managed by a Dubai subsidiary of top Russian shipping group Sovcomflot, official data showed, enabling oil exports to India and elsewhere after Western certifiers...
EU Balks at U.S. Plan to Use Insurance to Cap Russian Oil Prices
Jun 22 2022 // European officials are skeptical of a U.S. push to set a price cap on Russian oil by potentially easing an EU ban on insurance for the transportation of crude and petroleum products from Russia, according to people...
‘Stay Tuned’ for Word on Russian Oil Price-Cap Plan, Says Yellen
Jun 21 2022 // Treasury Secretary Janet Yellen said talks are continuing on how the US and its allies might cap the price of Russian oil exports, possibly through a plan that offers exceptions to the European ban on insuring Russian oil...
Top EU Court Says Insurer Must Pay Spanish Claim in Galicia Oil Spill
Jun 21 2022 // BRUSSELS – Spain on Monday won backing from Europe’s top court in its mutli-million euros damage claim against The London Steam-Ship Owners Mutual Insurance Association for a massive oil spill on its...
Canadian Oil Brokerage Denies ‘Toxic’ Workplace Claim, Files Countersuit
Jun 20 2022 // Oil brokerage NE2 Group is hitting back at allegations that Chief Executive Officer Tim Gunn created a toxic workplace, filing an C$11 million ($8.4 million) countersuit against eight former employees who left the firm...
Russia’s Sakhalin 1 Oil Operations Disrupted by Western Sanctions on Insurance: ONGC
Jun 14 2022 // Operations at Russia’s Sakhalin 1 oil project will continue to face disruptions for “a couple of months” as Western sanctions have hit insurance cover for ships to transport crude, according to...
Markets/Coverages: Skyward Specialty’s Renewable Energy Cover; IMA, Parametrix Downtime Policy; Contractor Safety Discounts From Procure, Shepherd
Jun 13 2022 // Skyward Specialty Launches Renewable Energy Contractor Coverage Skyward Specialty Insurance Group is now offering a renewable energy contractors coverage targeting contractors specializing in wind and solar energy...
Reuters: Russia’s State-Owned RNRC to Reinsure Russian Oil Shipments: Sources
Jun 10 2022 // State-controlled Russian National Reinsurance Company (RNRC) is now the main reinsurer of Russian ships, including Sovcomflot’s fleet, after Western insurance firms withdrew cover for Russian shipowners, three people...
Abandoned Louisiana Oil Wells to Receive Clean Up in Infrastructure Bill
Jun 6 2022 // About $33 million of the $1 trillion bipartisan infrastructure plan recently signed into law by President Joe Biden will go toward cleaning up 277 of an estimated 15,000 abandoned oil and gas wells on federal land, the...
EU Gives Final Nod to Sanctions Targeting Russia’s Oil, Insurance, Sberbank
Jun 3 2022 // BRUSSELS – The European Union on Thursday gave its final approval to new sanctions on Russian oil and top bank Sberbank, after much wrangling with Hungary, as punishment for Russian President Vladimir Putin’s Feb....
