Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Insurance Settlement Boosts Gains for McMoRan in Q4 2011
Jan 18 2012 // New Orleans-based independent petroleum producer McMoRan Exploration Co. posted a fourth-quarter profit on higher oil prices and a settlement of its 2008 hurricane insurance claims, the company reported Jan. 17. For the...
Willis Teams with Narec Capital to Boost Renewable Energy Coverage
Jan 17 2012 // Willis announced a new strategic alliance with clean energy financier Narec Capital, which it said would “unlock fresh opportunities for firms in the renewable energy market to develop and scale up technologies that...
Travelers Broadens Coverage and Raises Limits for Oil and Gas Risks
Jan 17 2012 // Travelers Oil & Gas has enhanced its EnergyPro Control of Well Care, Custody and Control coverage by increasing limits and broadening coverage. More contracts for specialized oil and gas field services, such as...
Company Cautions Against Linking Well, Ohio Quakes
Jan 13 2012 // Boos, applause and the occasional outburst marked a gathering of about 500 Ohio residents seeking explanations for a series of earthquakes that has hit their area since deep injection drilling came to town. At a news...
Cyclone Heidi Shuts Australian Iron Ore Ports, Oil Fields
Jan 11 2012 // A tropical cyclone bearing down on Western Australia forced the closure of some of the world’s largest iron ore ports and several offshore oil fields on Wednesday, the first major series of shutdowns in what is...
Grounded Cargo Ship Breaks Apart on New Zealand Reef
Jan 9 2012 // A cargo ship grounded off the New Zealand coast since October has split in two, spilling sea containers and debris and sparking fears of a fresh oil spill, maritime officials said Sunday. The wreck of the Greek-owned Rena...
Ecuador Plaintiffs to Seek Damages from Chevron Abroad
Jan 5 2012 // Ecuadorean plaintiffs who won an $18 billion environmental case against Chevron Corp will pursue legal action against the company overseas in a bid to collect the damages, their lawyer said on Wednesday. An appeals court...
Ecuador Court Upholds $18 Billion Judgment against Chevron
Jan 4 2012 // An Ecuadorean appeals court on Tuesday upheld a ruling that Chevron Corp should pay $18 billion in damages to plaintiffs who accused the U.S. oil giant of polluting the Amazon jungle and damaging their health. A local...
San Francisco Public Utilities Commission’s Luthi Named 2012 President Of RIMS
Jan 3 2012 // RIMS (the Risk and Insurance Management Society Inc.) on Tuesday announced that Deborah M. Luthi will lead the society as president for the 2012 term, effective January 1. Luthi is the enterprise risk manager for the San...
Russian Oil Rig Sinks; More than 50 Feared Dead
Dec 19 2011 // A drilling rig with 67 crew on board capsized and sank off Russia’s far eastern island of Sakhalin on Sunday while being towed through a winter storm, leaving more than 50 dead or missing in the icy Sea of...
Chevron Lawsuit Flags Brazil Investment Risks
Dec 16 2011 // A $10.6 billion lawsuit against U.S. oil company Chevron and rig contractor Transocean could further cool an increasingly chilly investment climate in Brazil’s natural resources industry. The lawsuit, filed as a...
Alabama Judge Grants Probation to 4 in Oil Spill Claims Fraud
Dec 14 2011 // Four people will spend five years on probation after being convicted of pocketing money from Gulf oil spill claims. The Press-Register reported that U.S. District Judge William Steele also ordered the four to pay back...
BP Accuses Halliburton of Destroying Gulf Spill Evidence
Dec 6 2011 // BP Plc accused Halliburton Co. of destroying evidence that the oilfield services company did inadequate cement work on the Gulf of Mexico oil well that blew out last year, and asked a federal judge to punish...
Massachusetts Utility Regulators Probe October Storm Response
Dec 5 2011 // Massachusetts regulators are preparing to hold public hearings in Springfield and East Longmeadow as they investigate how utility companies responded to the October snowstorm that knocked out power to thousands for...
Vehicle Accidents Rising in N.D. Oil Boom Town
Dec 5 2011 // Authorities in the city that serves as the hub for North Dakota’s oil activity say vehicle accidents are on the rise. Statistics released by police in Williston show there were nearly twice as many accidents reported...
Judge: Transocean Insurance not Available to BP for Oil Spill
Dec 5 2011 // States May Pursue Punitive Damages Against BP and Others. BP has lost two big rulings in its fight to shield itself from potentially having to pay billions of dollars more in damages related to the worst offshore oil spill...
BP Can’t Use Transocean Insurance for Gulf Spill
Dec 5 2011 // A federal judge rejected BP Plc’s bid to use insurance coverage from Transocean Ltd to cover costs stemming from last year’s record oil spill in the Gulf of Mexico. The decision by U.S. District Judge Carl...
Renewable Energy Sector Presents Rising Risks, Demand for Insurance
Nov 30 2011 // The renewable energy sector needs to improve risk management and access alternative sources of capital as operational risks rise and governments cut funding due to the uncertain economic environment. Based on a survey of...
Vehicle Accidents on the Rise in North Dakota Oil Boom Town
Nov 23 2011 // Authorities in the city that serves as the hub for North Dakota’s oil activity say vehicle accidents are on the rise. Statistics released by police in Williston show there were nearly twice as many accidents reported...
Thanksgiving Day is Top Day For Cooking Accidents
Nov 23 2011 // Serafino Alfe was deep-frying turkeys for an annual fundraiser dinner recently and ended up at the Loyola Burn unit with third-degree burns – the worst – on his leg. “I tripped and fell right into the...
