Energy News

Survey: Natural Gas Production in West Virginia Surpassing Expectations

A single Ohio County, West Virginia Marcellus Shale well yielded enough natural gas in 2014 to provide electricity for 24,315 homes, according to new numbers released by the West Virginia Geological & Economic Survey. There’s also plenty of what industry …

Exxon: Oil & Gas to Will Continue Dominate Energy Sector for Decades

The way Texas-based oil giant Exxon Mobil sees it, the global energy landscape won’t be radically different in 2040 than it is today. Oil and gas will remain king, accounting for an even slightly larger share of the energy supply. …

Gleason Tapped to Head Global Energy Industry Practice at Ironshore

Ironshore Inc. has named Ronald A. Gleason as Global Energy Industry practice leader. A senior vice president based in Houston, Gleason currently serves as Ironshore’s regional executive for South Central. He will continue in that role. Gleason will be responsible for …

XL Catlin Finalizes UK & Ireland Team of Business Leaders with Energy Promotions

XL Catlin announced it has made a series of promotions in its energy team, which complete its U.K. and Ireland team of business leaders. Stephen Hawkins has been promoted to global product head for upstream energy, while Luis Prato takes …

XL Innovate, XL Group’s Venture Capital Company, Acquires New Energy Risk

Dublin-based XL Group plc announced that XL Innovate*, the venture capital fund sponsored by the company, has acquired all of the shares of New Energy Risk Inc. “New Energy Risk has developed and delivered to the market unique performance warranty products …

Bermuda’s OIL Group of Companies Names Olsson as President and CEO

Bermuda-based OIL Group of Companies named Bertil Olsson as president and chief executive Officer, succeeding Robert Stauffer who is retiring in January 2016. With more than 25 years of energy insurance experience, Olsson joins the OIL Group from Marsh & McLennan …

ACE Promotes 6 in International Energy Team

ACE Group announced six appointments to its ACE Global Markets (AGM) and ACE Overseas General (AOG) energy teams. All appointments are based in London and are effective immediately. Matthew Hardy has been appointed product head AGM Energy and head of …

Chilling Out Will Be Answer to Climate Change, Scientist Says

What to do about a warming planet? Just crank up the air-conditioning. No one’s being a smart aleck, and you won’t find any sarcasm in a recent study by a Stanford University professor that shows what it will feel like …

Shell: Insurers May Be Reluctant to Underwrite Carbon Capture Projects

Projects to capture carbon emissions from power plants and store them permanently underground face “large risk premiums” from insurers because the technology is so new, Royal Dutch Shell plc said. “Insurance will be able to address only part of the financial …

Bad Companies Feel Shake Out in Energy Sector the Most

While the per barrel oil price has rebounded somewhat after it plunged to under $45 per barrel in March 2015, the energy industry — and by extension the energy-focused insurance sector — continues to adjust to the impact of the …