oil & gas News

North Dakota Governor: Oil Industry ‘Solid’

North Dakota Gov. Jack Dalrymple told industry and government officials on May 25 that the state’s unprecedented oil boom that made it the economic darling of the nation is far from going bust. “From our perspective, we think that this …

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 …

Pipeline Explosion in South Texas Injures 2; Spurs Evacuations

Authorities say the explosion of a natural gas pipeline near the small South Texas town of Falfurrias injured two people and prompted the evacuation about 150 homes. An official with the Brooks County sheriff’s office said the explosion occurred at …

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 …

5 Tips to Help Risk Managers Address the Sharp Drop in Oil Prices

Oil and gas companies, as well as service contractors, manufacturers, distributors, transportation companies and any entity that supports the energy complex including, local banks, construction firms and real estate markets in oil towns across the country, are in the midst …

JLT Specialty Names Battenfield Sr. VP, U.S. Downstream Energy in Houston

JLT Specialty Insurance Services Inc. (JLT Specialty USA), a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), appointed Robert M. Battenfield as senior vice president and leader of downstream energy. He is located in Houston. Battenfield will be responsible …

Top Loss Leaders in the Oil Patch? Commercial Auto, Workers’ Comp

There’s no doubt that new advancements in the practice of hydraulic fracturing, or fracking, are driving the current production boom in the oil patch. The technique, which is used to retrieve oil and gas reservoirs that previously were inaccessible via …

Denton Could Be First City in Texas to Ban Fracking

A North Texas city that sits on top of the Barnett Shale, believed to hold one of the largest natural gas reserves in the U.S., could become the first area in the state to permanently ban hydraulic fracturing. A recently …

PartnerOne Environmental, ACE Westchester Launch New Energy Product

PartnerOne Environmental has partnered with ACE Westchester Environmental to offer PartnerOne Energy Select, a new packaged insurance product specifically for environmental energy contractors and consultants. PartnerOne Energy Select has been designed for insureds that provide a range of support operations …

From 2008 to 2012 Texas Had 216 Oilfield Deaths

Federal figures show Texas had 216 oilfield deaths from 2008 through 2012 to lead the U.S. during the reporting period. The Houston Chronicle reported that nationwide the number of oilfield deaths reached 545 amid increased drilling and fracking operations. The …