No matter which television channel or Web site you turn to, the Gulf oil spill has dominated the news. This is an environmental crisis that will affect the region’s economic capabilities and natural resources for years, if not decades, to …
Ironshore Inc. announced that its U.K- based Pembroke Syndicate 4000 has introduced a Professional Indemnity product to provide comprehensive coverages for the Oil & Gas industry worldwide. Coverages are underwritten through Ironshore’s International platform for global risks, as well as …
The National Hurricane Center says a tropical depression has formed in the Gulf of Mexico and is headed toward the oil spill site off the coast of Louisiana. BP and Coast Guard officials had already decided to stop drilling on …
If a hurricane hits the Gulf Coast and whips up oil from BP’s massive spill, cleanup workers will not be able to swoop into action to fix the mess. A new Obama administration edict requires that the oil be tested …
Florida real estate developer St. Joe Co. is suing Halliburton Co. over its role in the rig explosion that led to the massive oil spill in the Gulf of Mexico. St. Joe said late Wednesday that Halliburton, which was responsible …
The Canadian company whose pipeline ruptured and dumped hundreds of thousands of gallons of oil into a southern Michigan waterway is buying two homes affected by the spill, and several other homeowners are considering buyouts, its chief executive said Sunday. …
BP reports it has established a trust and made a $3 billion initial deposit of the previously-announced $20 billion escrow account to pay claims arising from the Deepwater Horizon oil disaster in the Gulf of Mexico. “The purpose of the …
The head of Mitsui O.S.K. Lines Ltd said he does not rule out the possibility that terrorism was behind an explosion that damaged a Japanese supertanker, the Nikkei business daily said on Friday. “We do not have the authority to …
American International Group Inc. reported a $2.7 billion quarterly loss compared to a net profit of $1.8 billion for the same quarter a year earlier. The second quarter 2010 loss was primarily due to a $3.3 billion non-cash goodwill impairment …
In the wake of the BP oil disaster, more than 50 U.S. and other environmentally-active global investors have sent letters to major energy companies asking them to disclose information on their spill prevention and response plans for their own offshore …
