Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
One Year After BP Oil Spill, Optimism on Gulf Coast
Apr 21 2011 // A year after the worst U.S. offshore oil spill swamped the Gulf coast with petroleum and misery, officials Wednesday declared the hard-hit region reborn. It is still too early to know the long-term damage to the...
BP Sues Rig Owner Transocean and Maker of Blowout Preventer
Apr 21 2011 // On the first anniversary of the Gulf of Mexico oil spill, BP Plc sued Transocean , seeking at least $40 billion in damages and other costs from the owner of the Deepwater Horizon rig. London-based BP also sued Cameron...
Mississippi AG Hood, Feinberg Spat Over BP Oil Spill Claims
Apr 15 2011 // The administrator of BP’s $20 billion oil spill fund says Mississippi Attorney General Jim Hood could undermine the claims process by urging a court to intervene and by making allegations that border on...
One Year Later, Gulf States Still Grappling with BP Oil Disaster
Apr 15 2011 // When a BP oil rig exploded and sank in the Gulf of Mexico last April, killing 11 workers, authorities first reported that no crude was leaking into the ocean. They were wrong. The disaster that captivated the world’s...
Gulf Coast Officials Enjoy Spending Spree at BP’s Expense
Apr 12 2011 // In the year since the Gulf oil spill, officials along the coast have gone on a spending spree with BP money, dropping tens of millions of dollars on gadgets, vehicles and gear — much of which had little to do with the...
How Rising Energy Prices Affect P/C Insurance
Apr 11 2011 // The leveling off of the world’s oil supply and the resulting rising gasoline prices and their economic impact carry implications for property/casualty insurance rates. Oil spikes have been known to precede...
Enbridge Says Michigan Oil Spill Cost $550 Million
Apr 7 2011 // Enbridge Inc. says the spill of at least 800,000 of oil into the Kalamazoo River system near Marshall cost the pipeline company $550 million in 2010. The figure, which comes from the Enbridge annual report, excludes...
Transocean Executives Donating Safety Bonuses to Oil Spill Victims
Apr 7 2011 // Executives at the offshore drilling contractor at the center of last year’s Gulf of Mexico oil spill are donating bonuses they got for the company’s safety record last year. The decision came several days after...
Investigator Defends Safety Tests in BP Disaster
Apr 5 2011 // An investigator who examined the safety device that failed to prevent last year’s BP oil spill said Monday his firm did not skip critical tests under pressure to meet a deadline to file a report on what caused the...
Oil Rig Firm Transocean Awards Safety Bonuses Despite Gulf Tragedy
Apr 5 2011 // Transocean Ltd. gave its top executives bonuses for achieving the “best year in safety performance in our company’s history” — despite the explosion of its oil rig that killed 11 people and spilled 200...
Stuck Pipe Stopped Sealing of BP Oil Well: U.S. Report
Apr 4 2011 // The failure of the underwater blowout preventer that led to the massive BP oil spill in the Gulf of Mexico was caused by a stuck section of drill pipe that blocked cutting devices from shearing and sealing the leaking...
BP Puts Gulf Oil Disaster Cost at $19 Billion So Far
Mar 30 2011 // BP Plc has so far spent $19 billion on last year’s disastrous Gulf of Mexico oil spill and believes the uncertainty over the ultimate total has decreased, a company executive said Tuesday. BP, operator of the Macondo...
Shipowner Calls for Suez Canal Boycott over Pirate Threat
Mar 17 2011 // A leading Norwegian shipowner called on tanker operators to boycott the Suez Canal which he said would force global powers to intervene in Somalia to crush piracy by forcing up oil and commodity prices. The call, which has...
Louisiana to Distribute $30M Oil Spill Tourism Grant
Mar 11 2011 // Louisiana will divide a $30 million BP grant for tourism marketing among all of the state’s parishes and will use a small slice to help fund an out-of-state spring tourism ad campaign sought by Lt. Gov. Jay...
BP Oil Spill Claims Chief Feinberg to Face Florida Lawmakers
Mar 10 2011 // The man in charge of paying BP claims for the Gulf oil spill will soon face a Florida legislative committee to answer questions about how the compensation scheme is going. Kenneth Feinberg, the lawyer who is overseeing the...
Judge Won’t Order Additional Damages Against Exxon for Valdez Spill
Mar 8 2011 // A federal judge has refused to order Exxon Mobil Corp. to pay an additional $92 million sought by the U.S. government and state of Alaska to address lingering damage from the 1989 oil spill in Prince William Sound. U.S....
U.S. Judge Halts Ecuador Damages Enforcement Against Chevron
Mar 8 2011 // A U.S. judge Monday halted enforcement of an $18 billion award against Chevron Corp, siding with the oil company against Ecuadorean plaintiffs in a long-running dispute over Amazon rain forest pollution. The move comes...
Suspected Colombian Rebels Kidnap 23 Local Oil Workers
Mar 8 2011 // Suspected FARC guerrillas have captured 23 Colombian oil contractors carrying out exploration work for Canada’s Talisman Energy in a rare mass kidnapping, authorities said Monday. Colombia, Latin America’s No....
Few Taking Final Offers to Settle Oil Spill Claims
Mar 3 2011 // Records show that in the last two weeks more than 8,100 people and businesses have been offered final payments from BP’s oil spill compensation fund, but few have accepted so far. Gulf Coast Claims Facility data show...
BP Shows Reluctance to Fix Gulf Oil Spill Damage: Official
Mar 3 2011 // The vice chairman of a task force set up by President Barack Obama to restore the Gulf Coast criticized BP PLC this week for what he described as the oil company’s increasing reluctance to repair the damage inflicted...
