Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Oil & Gas Companies Seek More D&O Insurance as Bankruptcies Loom
Jun 10 2020 // The U.S. oil and gas industry is paying a hefty price to protect its top brass against potential bankruptcy and investor lawsuits. Oil companies are shelling out as much as 75% more to renew insurance liability coverage...
Storm Cristobal Brings Heavy Rains, Storm Surge to Louisiana
Jun 7 2020 // Sunday, June 7 – Tropical Storm Cristobal on Sunday slowed its advance through the Gulf of Mexico, bringing a coastal storm surge, high winds and rain to southeast Louisiana, where it is expected make landfall later...
Massive Fuel Spill in Siberia Blamed on Melting Permafrost – or Climate Change
Jun 4 2020 // A massive fuel spill in Siberia prompted Russia to declare a state of emergency in the region as the mining company involved said the catastrophe may have been caused by climate change. Scientists have warned for years...
Amid Pandemic, Oil Refineries, Offshore Drillers Face Hurricane Challenges
Jun 4 2020 // As oil and gas companies began shutting offshore production before the first tropical storm of the season in the U.S. Gulf of Mexico, experts said restarting wells and refineries will take longer and prove more costly this...
Some Gulf of Mexico Oil Rigs Evacuate Workers as Tropical Storm Cristobal Threatens
Jun 3 2020 // BP Plc began turning off production at three platforms in the northern Gulf of Mexico and evacuating workers because of the threat from Tropical Storm Cristobal, forecast to make landfall in Louisiana over the weekend, the...
Investors, Bondholders Sue Occidental Over Anadarko Merger
Jun 1 2020 // Occidental Petroleum Corp. has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7...
U.S. Court Says State Courts Are Proper Forum for Climate Suits Against Big Oil
May 29 2020 // Big Oil lost a pair of court battles Tuesday that could lead to trials in lawsuits by California cities and counties seeking damages for the impact of climate change. The 9th U.S. Circuit Court of Appeals rejected...
After Big Oil Loses Appeal, Climate Suits Appear Headed to California Courts
May 28 2020 // Big Oil lost a pair of court battles this week that could lead to trials in lawsuits by California cities and counties seeking damages for the impact of climate change. The 9th U.S. Circuit Court of Appeals rejected...
Texas Unemployment Rate Hits 12.8% in April, Worst on Record
May 27 2020 // The state’s April jobless rate was 12.8% — Texas’ worst monthly tally on record. That number, included in the Labor Department’s monthly report released on May 22, is the government’s clearest and...
Ship Inspectors Conduct Virtual Inspections of Oil Tankers During Pandemic
May 27 2020 // Ship assessors are resorting to virtual inspections of oil tankers to keep vessels afloat, as the coronavirus pandemic makes physical visits to check for seaworthiness tougher and a slump in fuel demand increases the need...
Investigators Open Probe into Los Angeles Explosion
May 19 2020 // Police and fire investigators launched a criminal probe Sunday into the cause of an explosion at a hash oil manufacturer in downtown Los Angeles that sent firefighters running for their lives. Detectives from the Los...
Trump Safety Regulator Blocks Washington State’s Crude Oil Train Rules
May 13 2020 // The U.S. pipeline regulator late on Monday blocked an effort by Washington state to tighten vapor pressure restrictions on the transport of crude oil by rail, saying the measures would not lower the risk of explosions. The...
Insurers Zurich and Chubb Raise Cover for Canada Oil Sands Pipeline: Filings
May 13 2020 // Major insurers Zurich and Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian regulatory filings show. The Trans Mountain pipeline, which ships types of crude oil and...
Auditor: Coronavirus, Oil Glut Could Cost Louisiana Local Governments $1B
May 11 2020 // The coronavirus battle and the world oil glut could cost cities, parishes and school boards in Louisiana anywhere from $404 million to $1.1 billion over two fiscal years, the state’s Legislative Auditor’s...
Houston Confronts One-Two Punch of Coronavirus and Oil Bust
May 8 2020 // When you’re known as the energy capital of the world, oil busts are nothing new. But Houston now finds itself in uncharted territory — grappling with an oil downturn in the middle of a pandemic. Like in other...
Texas Regulatory Commission Says it Won’t Cut Oil Production
May 6 2020 // After overseeing the state’s energy sector through one of Texas’ largest oil booms in recent years, the Texas Railroad Commission has suddenly found itself in the middle of two global crises that have delivered...
NYC Comptroller Urges Major Insurance Companies to Cut Ties with Coal Industry
Apr 30 2020 // New York City Comptroller Scott M. Stringer has called on three multi-national insurance companies to end business ties with the coal industry, a move he says will protect clients from the effects of climate change and...
Marsh JLT Specialty Expands Renewable Energy Team in UK, U.S., and Asia
Apr 28 2020 // Insurance broker Marsh announced key leadership appointments within Marsh JLT Specialty’s Renewable Energy team. Oliver Holme has joined Marsh in the newly created role of UK and U.S. Offshore Wind leader, reporting...
Floods Hit Canada’s Oil Sands Hub in Fort McMurray, Forcing Some Evacuations
Apr 28 2020 // Floods have forced mandatory evacuations in parts of Fort McMurray, the hub for Canada’s oil sands industry, even as the province of Alberta tries to stem the spread of the coronavirus. The Regional Municipality of...
Emergency Order Allows Oil Wells to Shut Down in Oklahoma
Apr 27 2020 // The Oklahoma Corporation Commission approved an emergency order on April 22 that allows oil producers to stop or reduce production without losing their leases for non-production. The three-member, all-Republican panel that...
