Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Yellowstone Oil Spill-Violations $1.7M Penalty Proposed In Exxon Spill
Mar 27 2013 // Federal pipeline regulators have proposed $1.7 million in penalties against Exxon Mobil Corp. for a pipeline rupture that spewed crude oil into Montana’s Yellowstone River. The U.S. Department of Transportation said...
Evacuation Saved Lives, Says Transocean Deepwater Horizon Safety Officer
Mar 26 2013 // The officer in charge of safety on Transocean’s Deepwater Horizon drilling rig, destroyed in a BP well accident that caused the worst-ever U.S. offshore oil spill, said the post-blowout fire was too big to fight and...
Michigan Oil Spill Cleanup Costs to Exceed Insurance: Enbridge
Mar 21 2013 // Enbridge Energy Partners LP said on Wednesday that the costs of additional cleanup from a huge Michigan oil spill three years ago may push the total bill past the limit of its insurance coverage, hampering its financial...
Longer Routes Help Oil Tankers Mitigate Iran Sanctions
Mar 21 2013 // Oil tanker owners are cushioning the impact of Iranian trade restrictions by shipping crude over greater distances to some of Asia’s biggest economies, the founder of Nordic American Tankers Ltd. said on...
BP Challenges ‘Absurd’ Oil Spill Claims
Mar 18 2013 // BP launched its promised appeal against “fictitious” and “absurd” oil spill compensation payouts on Friday and asked a judge to temporarily halt those made on a so-called business economic loss...
Iran’s March Crude Exports Fall to Lowest Since Sanctions Began
Mar 12 2013 // Iran’s crude oil exports in March may plunge by a quarter from a month earlier to the lowest since tight Western sanctions came into effect in 2012, industry sources said, squeezing income for Tehran as sanctions...
India Set to Halt Iran Oil Imports over Refinery Insurance Coverage
Mar 8 2013 // India is set to halt all crude imports from Iran because insurance companies in the country have said refineries processing the oil will no longer be covered due to Western sanctions, the head of refiner MRPL said on...
BP Executive Says Internal Oil Spill Probe Did Not Weigh Cost Overruns
Mar 1 2013 // BP Plc’s investigation of its disastrous 2010 Gulf of Mexico blowout did not address the impact of cost overruns on the well, a BP executive said on Thursday, in the final day of testimony this week in the massive...
Day #2 at Oil Spill Trial: BP Drilled Despite Earlier Problems
Feb 27 2013 // BP Plc took chances drilling its doomed Macondo well long before it ruptured in 2010, a well design and pressure expert said on Wednesday in the second day of testimony in the civil trial over the Gulf of Mexico oil...
Boat Collision Causes Small Oil Spill Near New Orleans
Feb 27 2013 // A boat collided with an inactive oil and gas well near New Orleans on Tuesday night, causing a small oil spill, the U.S. Coast Guard and the operator of the well said on Wednesday. The accident occurred at about 7 p.m....
Opening Arguments in BP Oil Spill Trial Seek to Assess Blame
Feb 26 2013 // A long-awaited trial over the biggest U.S. offshore oil spill began on Monday, with governments, businesses and individuals blaming BP Plc mostly for the 2010 disaster that killed 11 rig workers and spilled 4 million...
Long-Awaited BP Oil Spill Trial Begins; No Deal Yet
Feb 25 2013 // BP executives more focused on cost-cutting and oil production than safety should be held responsible for the Deepwater Horizon disaster in the Gulf of Mexico in 2010, the worst offshore oil spill in U.S. history, a lawyer...
California Commissioner Fingers Insurers for Iran Investments
Feb 25 2013 // California Insurance Commissioner Dave Jones in mid-February singled out eight insurers licensed to do business in the state that continue to have investments tied to Iran’s energy, military and nuclear...
BP Balks at Oil Spill Monies Sought by States
Feb 25 2013 // BP Plc has tallied up claims made by states and local governments on the U.S. Gulf Coast for economic and property damages from the Macondo oil spill, and come up with a figure of $34 billion, which it deems...
U.S., Gulf States Considering $16 Billion BP Oil Spill Deal: WSJ
Feb 24 2013 // The U.S. government and Gulf Coast states are considering offering BP Plc a deal under which it pays $16 billion to settle civil suits stemming from the deadly 2010 Deepwater Horizon explosion and oil spill, the Wall...
Barring Last Minute Deal, Gulf Oil Spill Trial to Get Underway Monday
Feb 21 2013 // Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP and the other companies involved are scheduled to face their judge in court. The...
Carnival Cruise Ship Fire Started by Fuel Leak: Coast Guard
Feb 20 2013 // The fire on board the Carnival Corp. cruise ship that drifted for days in the Gulf of Mexico awash in raw sewage started from fuel from a leaking diesel engine line that ignited, the U.S. Coast Guard said on Monday. More...
Barge Spills Oil after Collision on Lower Mississippi River
Feb 15 2013 // A collision involving a barge Thursday night resulted in an oil spill near Baton Rouge, Louisiana on the Mississippi River, the United States Coast Guard said on Friday. The amount of oil spilled was unknown, but the...
Judge Accepts Transocean Settlement in Gulf Oil Spill
Feb 15 2013 // A federal judge on Thursday accepted a guilty plea by rig contractor Transocean Ltd. for violating the U.S. Clean Water Act along with a $400 million criminal fine for its role in the 2010 disaster at BP Plc’s...
Extensive Corrosion: Report on 2012 Chevron Fire in California
Feb 14 2013 // The U.S. Chemical Safety and Hazard Investigation Board and the California Division of Occupational Safety and Health released a technical evaluation report on piping samples taken from the Chevron Refinery in Richmond,...
