Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Report: Japan to Pass Bill to Insure Iran Oil Imports
Jun 14 2012 // Japan’s lower house is set to pass a bill on Friday to provide government guarantees on insurance for Iranian crude cargoes, making it the first of Iran’s big Asian buyers to find a way to keep the oil flowing...
Iran’s Oil Exports Plummet as Sanctions Bite Says IEA
Jun 13 2012 // Iran’s oil exports have fallen by an estimated 40 percent since the start of the year as Western sanctions tear into the country’s vital oil industry, the International Energy Agency said on Wednesday. The...
Iran Tanker Firm Says it Insured Ships Despite Sanctions
Jun 13 2012 // Iran’s biggest tanker operator, NITC, has $1 billion in ship insurance cover to keep its fleet on the water and serve clients in Asia despite Western sanctions on the Islamic Republic’s oil trade, a senior NITC...
Costner Downplays Baldwin’s Role in BP Deal
Jun 12 2012 // Kevin Costner has testified he never saw actor Stephen Baldwin contribute anything to their company’s efforts to sell oil cleanup devices to BP in the aftermath of the 2010 spill in the Gulf of Mexico. Baldwin and...
U.S. Exempts India, Other Countries, Not China, from Iran Sanctions
Jun 12 2012 // The United States extended exemptions from its tough, new sanctions on Iran’s oil trade to seven more economies on Monday, leaving China the last remaining major importer exposed to possible penalties at the end of...
Iowa Landfill Blaze Produces Diesel-Like Byproduct
Jun 8 2012 // A days-long fire at the Iowa City Landfill has created a combustible substance that officials are sending to western Nebraska for incineration. The Iowa City Press-Citizen said that the pyrolytic oil is a byproduct of the...
U.S. to Issue More Waivers on Iran Sanctions Next Week
Jun 8 2012 // The United States will announce a new list of countries that will receive exceptions to financial sanctions on oil trade with Iran as soon as early next week, a government official said on Thursday. Not all of Iran’s...
New Gulf Oil Spill Claims Process to Begin
Jun 6 2012 // Thousands of victims of BP’s 2010 Gulf oil spill will participate in a new process for economic-loss and medical claims associated with the accident. The Deepwater Horizon Claims Center, run by court-appointed...
Trial Opens in Louisiana for Suit Against Costner Over BP Deal
Jun 5 2012 // Jury selection began June 4 in a legal fight between two Hollywood stars over investments in a device used to try to clean up BP’s 2010 oil spill in the Gulf of Mexico. In his lawsuit, actor Stephen Baldwin claims...
Gulf Fishermen Reel From Seafood Troubles
May 25 2012 // Gloom infects the hard-working shrimp and crab docks of this gritty fishing town as the second full year of fishing since BP’s catastrophic oil spill kicks into high gear. Usually folks are upbeat and busy in May,...
The Next New Thing: Coverage Issues from Fracking Claims
May 25 2012 // Every few years it seems that there are predictions a new type of claim that threatens to engulf carriers. In the 1980s and 1990s it was environmental clean up claims and SuperFund, followed shortly by asbestos, the fear...
Officials: 3 Dead in Explosion at Old Arkansas Oil Well
May 23 2012 // Officials say three workers are dead following an explosion at an abandoned oil well near El Dorado in southern Arkansas. Union County Emergency Manager Jerry Thomas says three workers at Long Brothers Oil Company were...
Senate Passes Tougher Iran Sanctions
May 22 2012 // The U.S. Senate unanimously approved on Monday a package of new economic sanctions on Iran’s oil sector just days ahead of a meeting in Baghdad between major world powers and Tehran. The sanctions add to a raft of...
The Next New Thing
May 21 2012 // Coverage Issues from Fracking Claims Every few years there are predictions of a new type of claim that threatens to engulf carriers. In the 1980s and 1990s it was environmental clean up claims and SuperFund, followed...
Vermont Becomes First State in U.S. to Ban Hydraulic Fracturing
May 18 2012 // Gov. Peter Shumlin on Wednesday signed into law the nation’s first ban on a hotly debated natural gas drilling technique that involves blasting chemical-laced water deep into the ground. The Democrat, surrounded at a...
Misuse of BP Oil Spill Funds Prompts Changes by Florida County
May 17 2012 // Amid a criminal investigation into the alleged misuse of funds paid by BP after the 2010 Gulf oil spill, a Panhandle county made big changes this week in the way it oversees spending for promotion of the area’s...
Data Shows Iran Petro-Chemical Exports Plunge Due to EU Insurance Sanctions
May 17 2012 // Iranian petrochemical exports have plunged nearly 90 percent in the last two weeks as most maritime firms, including those in Iran, cannot find insurance to transport the cargo due to EU sanctions, according to traders and...
Refueling by EU Shippers May Violate Iran Sanctions
May 11 2012 // European ship owners could violate impending EU sanctions against Iran without even knowing it every time they set sail, leaving them vulnerable to being blacklisted, the managing director of leading industry group...
UK Seeking Delay to EU’s Iran Ship Insurance Ban
May 9 2012 // The UK is seeking to persuade fellow European Union members to postpone by up to six months a ban on providing insurance for tankers carrying Iranian oil, arguing that it could lead to a damaging spike in oil prices,...
Shrimp Processors Object to BP Oil Spill Settlement
May 7 2012 // Shrimp processors have asked a federal judge to delay preliminary approval of BP Plc’s proposed settlement of economic damage claims from the 2010 Gulf of Mexico oil spill, arguing that it is unfair to parts of the...
