Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Arctic Nations Step up Cooperation on Safety, Oil Spills
May 13 2011 // Arctic nations agreed on Thursday to improve cooperation including on preventing oil spills as a thaw of ice and snow opens access to the remote region’s rich mineral and petroleum resources. The Arctic Council,...
Chevron, Ecuadoreans Spar over Halted Damage Award
May 11 2011 // Lawyers for Ecuadorean villagers who sued Chevron Corp over pollution in the Amazon rain forest asked a U.S. appeals panel Tuesday to modify a court order that halted enforcement of an $8.6 billion award against the oil...
Best Revises Outlook on BP’s Jupiter to Stable; Affirms Ratings
May 10 2011 // A.M. Best Europe – Rating Services Limited has revised the outlook to stable from negative and affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of...
Arctic Nations Meet to Chart Future of World’s Final Frontier
May 10 2011 // Leaders of Arctic nations will gather in Greenland this week to chart future cooperation as global warming sets off a race for oil, mineral, fishing and shipping opportunities in the world’s fragile final...
Louisiana Seeks Large Share of Oil Spill Liability Money
May 6 2011 // State officials say Louisiana was hurt more than other states by the Deepwater Horizon oil spill, and so should get more money than other states from companies responsible for the disaster. Garret Graves, who leads the...
BP to Pay $85 Million to Settle Alaska Oil Spill Case
May 5 2011 // BP has agreed to pay a $25 million civil penalty, as well as spend $60 million on enhanced safety measures, to settle a federal probe of a pipeline oil spill on Alaska’s North Slope in 2006, the U.S. government...
AIR Worldwide Cat Models Now Cover Industrial and Renewable Energy
May 3 2011 // Catastrophe modeling firm AIR Worldwide (AIR) today announced that its Catastrophe Risk Engineering (CRE) models now cover industrial and renewable energy facilities worldwide. Their expansion is “aimed at helping...
General Star Makes Changes to Fuel Oil Program
May 2 2011 // General Star has made a number of changes to its umbrella fuel oil program, distributed exclusively by program administrator S. H. Smith & Company, Inc., Hartford, CT. Launched in 2001, the program provides commercial...
AIR Assesses Catastrophe Risk of Industrial, Renewable Energy Facilities
May 2 2011 // Catastrophe modeling firm AIR Worldwide (AIR) has expanded its catastrophe risk engineering services to cover industrial and renewable energy facilities worldwide. AIR said the expansion of its Catastrophe Risk Engineering...
Lawsuits Fly in BP Gulf Oil Spill Blame Game
Apr 22 2011 // A barrage of court claims pitting BP Plc against its partners in the Gulf of Mexico oil spill could lay the groundwork for billions of dollars in settlements to spread the costs of the disaster. BP has sued Transocean Ltd,...
One Year After BP Oil Spill, Optimism on Gulf Coast
Apr 21 2011 // A year after the worst U.S. offshore oil spill swamped the Gulf coast with petroleum and misery, officials Wednesday declared the hard-hit region reborn. It is still too early to know the long-term damage to the...
BP Sues Rig Owner Transocean and Maker of Blowout Preventer
Apr 21 2011 // On the first anniversary of the Gulf of Mexico oil spill, BP Plc sued Transocean , seeking at least $40 billion in damages and other costs from the owner of the Deepwater Horizon rig. London-based BP also sued Cameron...
Mississippi AG Hood, Feinberg Spat Over BP Oil Spill Claims
Apr 15 2011 // The administrator of BP’s $20 billion oil spill fund says Mississippi Attorney General Jim Hood could undermine the claims process by urging a court to intervene and by making allegations that border on...
One Year Later, Gulf States Still Grappling with BP Oil Disaster
Apr 15 2011 // When a BP oil rig exploded and sank in the Gulf of Mexico last April, killing 11 workers, authorities first reported that no crude was leaking into the ocean. They were wrong. The disaster that captivated the world’s...
Gulf Coast Officials Enjoy Spending Spree at BP’s Expense
Apr 12 2011 // In the year since the Gulf oil spill, officials along the coast have gone on a spending spree with BP money, dropping tens of millions of dollars on gadgets, vehicles and gear — much of which had little to do with the...
How Rising Energy Prices Affect P/C Insurance
Apr 11 2011 // The leveling off of the world’s oil supply and the resulting rising gasoline prices and their economic impact carry implications for property/casualty insurance rates. Oil spikes have been known to precede...
Enbridge Says Michigan Oil Spill Cost $550 Million
Apr 7 2011 // Enbridge Inc. says the spill of at least 800,000 of oil into the Kalamazoo River system near Marshall cost the pipeline company $550 million in 2010. The figure, which comes from the Enbridge annual report, excludes...
Transocean Executives Donating Safety Bonuses to Oil Spill Victims
Apr 7 2011 // Executives at the offshore drilling contractor at the center of last year’s Gulf of Mexico oil spill are donating bonuses they got for the company’s safety record last year. The decision came several days after...
Investigator Defends Safety Tests in BP Disaster
Apr 5 2011 // An investigator who examined the safety device that failed to prevent last year’s BP oil spill said Monday his firm did not skip critical tests under pressure to meet a deadline to file a report on what caused the...
Oil Rig Firm Transocean Awards Safety Bonuses Despite Gulf Tragedy
Apr 5 2011 // Transocean Ltd. gave its top executives bonuses for achieving the “best year in safety performance in our company’s history” — despite the explosion of its oil rig that killed 11 people and spilled 200...
