oil and gas companies News

City of Chicago Sues Oil and Gas Corporations for Climate Change Deception

The City of Chicago is suing six oil and gas corporations and their largest trade association for deceiving Chicago consumers about the climate change dangers associated with their products, mayor Brandon Johnson announced this week. The city filed a nearly …

Oil & Gas Companies Seek More D&O Insurance as Bankruptcies Loom

The U.S. oil and gas industry is paying a hefty price to protect its top brass against potential bankruptcy and investor lawsuits. Oil companies are shelling out as much as 75% more to renew insurance liability coverage for directors and …

Legal Marijuana Worries Canadian Oil Companies with Strict Drug Testing Regimes

Once recreational marijuana becomes legal in Canada, Garnet Amundson says it will get a lot harder to find the workers he needs at Essential Energy Services Ltd. And he isn’t the only employer who’s worried. Essential Energy provides services to …

Report: Energy Sector’s Lack of Sensors, Controls Tempts Hackers

Oil and gas companies, including some of the most celebrated industry names in the Houston area, are facing increasingly sophisticated hackers seeking to steal trade secrets and disrupt operations, according to a newspaper investigation. A stretch of the Gulf Coast …

Willis Towers Watson, Chubb to Offer Global Coverage for Oil & Gas Industry

Willis Towers Watson has launched Risk Protect, an insurance and risk management product for companies serving the global oil and gas industry. Risk Protect applies industry specific insurance policy wording, underwritten exclusively by Chubb, that addresses current and emerging risks …

J.H. Blade Launches Pollution Response Service for Energy Risks

National upstream oil and gas energy MGA J.H. Blades & Co. Inc., along with the Swett & Crawford Dallas Energy team and the recently-acquired Burke Daniels Inc., have joined forces with Wild Well Control Inc. to launch an early intervention …

Worldwide Facilities Partners with Beazley, Canopius to Offer Energy Insurance

Worldwide Facilities, Inc. has formed a strategic partnership with the Canopius and Beazley Lloyd’s of London syndicates to provide a new underwriting platform for land-based oil and gas lease operators. Products will be initially offered from Worldwide’s Houston office, which …

Ironshore’s U.S. Energy Unit Launches Endorsements for Upstream Risks

The Energy Unit of Ironshore’s U.S. Specialty Casualty unitis now offering enhanced insurance coverage endorsements for upstream energy risks as part of its ExcessProtect Plus Energy Commercial Excess Liability policy. The suite of endorsements provides insurance coverage for energy risks …

Schinnerer Launches Energy Program on Admitted Basis in Eight States

Underwriting manager Victor O. Schinnerer & Co. is now offering its energy program on an admitted basis in Texas, Alabama, Arkansas, Colorado, Minnesota, New Mexico, Oklahoma, and Tennessee. The program provides a suite of property and casualty (P&C) coverage for …

All Risks Launches Down Hole Tool for South Central Onshore Oil, Gas Industry

The South Central offices of All Risks, Ltd. have designed a “down hole specialty rental tool” insurance product for Lost In Hole (LIH). This coverage is available to oil & gas drillers and operators as well as rental tool companies. …