Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Regulators Tell Oil Firms to Improve Safety
Oct 5 2011 // Oil and gas companies must improve the way they deal with safety issues in the wake of the Gulf of Mexico and Montara oil spills, regulators said at a two-day conference on safety in the sector. The issue has come to the...
BP Oil Spill Report May Prompt $30B Payout
Oct 3 2011 // Findings of the second major investigation by the U.S. government into the 2010 Gulf of Mexico oil spill may press BP into putting more than $30 billion on the table to quickly settle its outstanding legal headaches. The...
BP Oil Spill Report May Prompt Big Damages Payout
Oct 3 2011 // Findings of the second major investigation by the U.S. government into the 2010 Gulf of Mexico oil spill, may press BP into putting over $30 billion on the table to quickly settle its outstanding legal headaches. The joint...
Settlement Reached in 2007 Bay Bridge Oil Spill
Oct 3 2011 // A civil settlement in the 2007 oil spill in San Francisco Bay with the owners and operators of the M/V Cosco Busan was announced recently. The settlement resolves all natural resource damages, penalties and response costs...
Shell Singapore Refinery May Shut for a Month; Distillates Force Majeure
Sep 30 2011 // Royal Dutch Shell’s Singapore refinery may remain shut for at least a month, industry sources said, and the company declared it would not meet supply commitments after a blaze at the major 500,000 barrels-per-day...
BP Pays Alabama City $1.2M for Revenues Lost Due to Oil Spill
Sep 30 2011 // The city of Orange Beach, Alabama has reached a settlement with BP PLC over lost revenues stemming from last year’s Gulf oil spill, with the oil giant agreeing to pay $1.27 million for lodging and retail revenues the...
Michigan Oil Spill Cleanup May Cost $700M
Sep 28 2011 // A pipeline company is increasing its estimate of the cleanup cost of last year’s more than 800,000 gallon oil spill that contaminated southern Michigan’s Kalamazoo River. Enbridge said in a filing with the U.S....
BP Oil Lingering on Gulf Coast Floor Could Pose Long-Term Risk
Sep 22 2011 // Tar balls washed onto Gulf of Mexico beaches by Tropical Storm Lee earlier this month show that oil left over from last year’s BP spill isn’t breaking down as quickly as some scientists thought it would,...
Texas Mutual Announces Safety Group for Oil and Gas Industry
Sep 21 2011 // Texas Mutual Insurance Co. announced a new workers’ compensation safety group: Texas Alliance of Energy Producers (TAEP). The group is open to qualifying businesses in the oil and gas production industry. Members of...
U.S. Court Unfreezes $18 billion Ecuador Award against Chevron
Sep 20 2011 // A U.S. appeals court reversed an order freezing enforcement outside of Ecuador of an $18 billion damages award against Chevron Corp over pollution in the Amazonian rain forest. The order, issued by the 2nd U.S. Circuit...
Settlement for $44 Million Reached in 2007 Bay Bridge Crash and Oil Spill
Sep 19 2011 // A civil settlement in the 2007 oil spill in San Francisco Bay with the owners and operators of the M/V Cosco Busan was announced on Monday. The settlement resolves all natural resource damages, penalties and response costs...
Damages Ruling May Be Pivotal in BP Gulf Oil Case
Sep 19 2011 // A key court ruling in the Gulf of Mexico oil spill litigation could change the landscape in the massive case – encouraging more plaintiffs to sue, or spurring the parties to make a deal to resolve what could be a...
BP Oil Spill Report May Prompt $30B Payout
Sep 16 2011 // Findings of the second major investigation by the U.S. government into the 2010 Gulf of Mexico oil spill, may press BP into putting over $30 billion on the table to quickly settle its outstanding legal headaches. The joint...
U.S. Report Pins Most Blame for Gulf Oil Spill on BP
Sep 15 2011 // The United States heaped the lion’s share of blame for the country’s biggest ever offshore oil spill on BP Wednesday as the government issued its final assessment of last year’s Gulf disaster. In a report...
U.S. Report on BP Oil Spill Imminent
Sep 14 2011 // A U.S. government team investigating last year’s massive Gulf of Mexico oil spill will blame BP and its contractors for mistakes that led to the disaster in a report expected out as early as Wednesday, according to...
UPDATE: ConocoPhillips Apologizes for China Oil Spill
Sep 7 2011 // U.S. energy giant ConocoPhillips moved to repair its frayed relations with Chinese regulators on Wednesday, apologizing for an oil spill in northern China’s Bohai Bay and saying it will establish a fund to address...
Damages Ruling May Be Pivotal in BP Gulf Oil Case
Sep 6 2011 // A key court ruling in the Gulf of Mexico oil spill litigation could change the landscape in the massive case — encouraging more plaintiffs to sue, or spurring the parties to make a deal to resolve what could be a...
Gulf Oil Spill Claims Fund Has Paid $5 Billion
Sep 5 2011 // The Gulf Coast Claims Facility set up to handle claims from the BP oil disaster has paid out $5 billion after one year of operation. It has paid 204,434 individual and business with a total of 359,441 claims. Established...
China Orders ConocoPhillips to Halt Output at Bohai Bay Oilfield
Sep 2 2011 // China’s State Oceanic Administration (SOA) has ordered a subsidiary of ConocoPhillips to halt all operations at the Penglai 19-3 oilfield in northern China’s Bohai Bay, saying the company has failed to seal a...
Michigan Court Backs Emotional Damages in Home Loss Due to Oil
Aug 29 2011 // Four hundred gallons of heating oil in the basement? The Michigan appeals court says that’s distressing. The court has upheld a $100,000 verdict for a Clinton County woman whose home had to be demolished after oil...
