An explosion ripped through a major Mexican refinery Tuesday, killing one worker and pushing gasoline and diesel prices higher on worries state oil monopoly Pemex will have to import more fuel. Pemex, the world’s No. 7 crude producer and a …
BP’s Deepwater Horizon oil disaster in the Gulf of Mexico was not caused by a single factor but by “multiple companies and work teams,” according to the oil giant’s internal investigation. BP’s report concludes that a sequence of failures involving …
The magnitude 7.0 earthquake which struck the Southern Island of New Zealand on Saturday, Sept. 4 miraculously caused no fatalities; however it did cause substantial damages. Catastrophe modeling firm AIR Worldwide has estimated that industry insured losses from quake will …
Tropical Storm Hermine slammed into northeastern Mexico near the Texas border Monday, dumping heavy rain on a region still recovering from Hurricane Alex’s visit in June. Hermine, the eighth named storm of the Atlantic hurricane season, was expected to weaken …
The U.S. Army Corps of Engineers has released a draft report that calls for a better, if limited, flood-protection system in Cedar Rapids, Iowa. The Cedar River swamped the city in 2008, covering 10 square miles. The city’s existing system …
A flood-control project in the works for more than 20 years should be completed next year, removing 1,500 properties from Sioux Falls’ flood plain, a city official said. Once the flood-control measures are in place, probably by the end of …
A “larger but weaker” Hurricane Earl is heading for southeastern New England, the National Hurricane Center reported at 11 a.m. EST. The center discontinued its hurricane warning for North Carolina, replacing it with a tropical storm warning north of Ocracoke. …
Aon Benfield’s latest release of its Monthly Cat Recap report, which provides an analysis of global natural perils in August, reports the month was “dominated by historic floods in Pakistan destroying over 1.25 million homes, a massive landslide in China …
Hurricane Earl battered North Carolina’s coast with rain, winds and waves Friday and swirled up the U.S. eastern seaboard toward New England and Canada as a weakened but still dangerous storm. The impact of the Category 2 storm appeared to …
BP Plc said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion as the oil giant prepared to release the findings of an internal probe into the causes of the disaster. …
