Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Mississippi Gov. Barbour Says BP Oil Spill Was Preventable
Feb 17 2011 // Mississippi Gov. Haley Barbour said that the Gulf Coast oil spill occurred because the companies involved deviated from industry standards, not because of the inherent risk of drilling offshore. “I think the biggest...
Suit Claims BP Official Quit Over Safety Issues Before Gulf Disaster
Feb 16 2011 // A former official with BP’s drilling operations in the Gulf of Mexico resigned just months before last year’s oil spill because of disagreements with the oil giant over its commitment to safety, according to a...
Ecuador Court Orders Chevron to Pay $8.6 Billon; Company to Appeal
Feb 15 2011 // A court in Ecuador’s Amazon told Chevron Corp Monday to pay $8.6 billion in environmental damages, but the U.S. oil company vowed to fight on in a lawsuit seen as a global test case. Chevron said it would appeal,...
Louisiana Presses BP for Oyster Money
Feb 11 2011 // Louisiana’s congressional delegation is asking BP to help Louisiana’s oyster industry immediately. In November, Louisiana asked BP PLC to give it $15 million so the state could start repairing oyster beds...
Florida CFO Atwater Seeks Claimants’ Feedback on BP Oil Claims
Feb 11 2011 // Florida Chief Financial Officer Jeff Atwater is asking the state’s business community and BP oil spill claimants for their input regarding the claims handling process of the Gulf Coast Claims Facility. Specifically,...
Munich Re Marine Head Warns Against Arms Race to Combat Pirates
Feb 11 2011 // Installing sharpshooters on oil tankers to fight off pirates as some shippers have suggested risks provoking more aggressive attacks, a senior executive at reinsurer Munich Re warned. Shipping firms are debating adding...
Judicial Oversight Could Mean Changes for BP Claim Fund
Feb 10 2011 // Kenneth Feinberg, the formerly freewheeling administrator of BP Plc’s fund to compensate victims of last year’s oil spill, could be forced to revamp dramatically how he handles claims now that the fund has come...
Pirates Hijack U.S.-bound Oil Tanker off Oman
Feb 10 2011 // Suspected Somali pirates captured a U.S.-bound tanker carrying around $200 million worth of crude oil in the Indian Ocean on Wednesday in one of the biggest hijackings in the area so far. The Irene SL, the length of three...
Hijacked Oil Tanker Headed towards Somalia
Feb 8 2011 // Pirates using guns and rocket propelled grenades hijacked an Italian oil tanker in the Indian Ocean on Tuesday, Italian Navy and European Union officials said, adding the medium-sized ship was heading towards...
Declarations
Feb 7 2011 // Seeking Revenue “Given the difficult economy, it is understandable why the city of Sacramento is looking for new revenue sources. However, putting this burden on out-of-town drivers is unfair.” —Sam Sorich,...
Declarations
Feb 7 2011 // Oil Spill Prevention “We must ensure that we have systems in place in our government and in the industry so that this cannot happen again.” —U.S. Senate Energy and Natural Resources Commission Co-Chair Sen....
Claims Chief Feinberg Says Gulf to Recover from BP Oil Spill by 2012
Feb 4 2011 // The Gulf of Mexico should recover from the massive BP oil spill by the end of 2012, the administrator of the $20 billion victims compensation fund said. By that time, most of the harmful effect of the worst offshore oil...
Judge Finds Claims Fund Chief Feinberg Not Independent of BP
Feb 3 2011 // The administrator of BP Plc’s $20 billion fund to compensate victims of the Gulf oil spill is not independent and the oil company must refrain from calling him “neutral,” a federal judge ruled on...
91,000 Gulf Oil Spill Claimants, BP Partner Gets Only Final Payment
Feb 2 2011 // BP’s compensation fund for Gulf oil spill victims has issued a final settlement payment to just one of the thousands of people and businesses waiting for checks, records show, and that $10 million payout went to a...
Mississippi AG Asks Court to Intervene in BP Oil Spill Claims Fund
Feb 2 2011 // U.S. courts must compel the administrator of BP’s $20 billion oil spill fund to meet his legal obligations and stop short-changing victims of the Gulf of Mexico disaster, Mississippi said on Tuesday. Until now,...
Investors Face Rising Risks However Egypt Plays Out
Jan 31 2011 // If President Hosni Mubarak clings to power, investors will re-price Egyptian and regional assets to brace for weeks, months or possibly years of heightened political risk. If he goes, global markets could still react with...
Mississippi AG Wants Judge to Take Over BP Oil Spill Claims
Jan 27 2011 // Mississippi Attorney General Jim Hood is asking for the federal judge in charge of the litigation surrounding the BP oil spill to take over the Gulf Coast Claims Facility process. Hood filed a “Statement of Interest...
Democrats Vow to Pursue Oil Spill Liability Bill
Jan 26 2011 // U.S. Democrats Wednesday pressed for new legislation aimed at preventing a repeat of last year’s massive BP oil spill, as Republicans warned that the disaster should not be used to hamper offshore oil and natural gas...
Panel on BP Oil Spill Calls for Tougher Oversight
Jan 24 2011 // A White House commission probing BP’s massive oil spill has called for an overhaul of a regulatory system that was “entirely unprepared” for disaster and outlined stringent, new oversight, a plan sure to...
Declarations
Jan 24 2011 // Claims Chief “I’m absolutely neutral. I’m not BP. I’m trying to run this facility as best I can.” —Attorney Kenneth Feinberg, the man in charge of the Gulf Coast Clams Facility for the BP...
