Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
U.S. Sues BP, Well Owners, Driller, Insurer for Gulf Oil Spill Damages
Dec 16 2010 // The Obama administration Wednesday launched a legal battle against BP Plc and its partners by suing them for the worst offshore oil spill in U.S. history, which could cost the companies billions of dollars. The lawsuit...
Alaska Loses Claim Against BP for Lost Taxes from 2006 Oil Spill
Dec 15 2010 // An Alaska judge has dismissed the state’s claim that BP owes several hundreds of millions of dollars in tax revenues the state claims it lost when the Prudhoe Bay oil field was partially shut down in 2006 because of...
U.S. Expected to Join Lawsuits Over Gulf Oil Disaster
Dec 14 2010 // The U.S. Justice Department is expected to announce as early as Wednesday its first significant legal action stemming from the BP oil spill in the Gulf of Mexico, a federal government source familiar with the matter...
Mississippi Casino Workers’ BP Oil Claims Get Second Look
Dec 13 2010 // The agency in charge of paying Gulf of Mexico oil spill claims is requesting information from casinos that could lead to payments to hundreds of gambling employees previously denied damage claims, the head of an industry...
Gulf Oil Spill Claimants Offered ‘Quick Pay’ Option
Dec 13 2010 // The administrator of BP Plc’s $20 billion fund to compensate U.S. Gulf Coast residents affected by the oil spill said Monday he would speed up the process by offering quick payments to those who waive their right to...
Mavraganis to Head Marsh’s Renewable Energy Business
Dec 6 2010 // Insurance broker Marsh appointed Peter Mavraganis as U.S. leader of its renewable energy practice. Mavraganis, based in New York, will oversee Marsh’s support for its clients in renewable energy development,...
Final Claims Process for BP Oil Disaster Victims Begins
Dec 5 2010 // The administrator of the $20-billion fund created by BP Plc to compensate Gulf of Mexico oil spill victims has announced plans for processing final payments. Kenneth Feinberg said in a news release that claimants have a...
White House Panel: Oil Industry Needs Safety Culture, Accountability
Dec 3 2010 // The White House oil spill commission Thursday challenged offshore drillers to boost safety standards, detailing proposals for the creation of an independent, self-regulating industry group and reform of government...
Qantas Moves to Take Rolls-Royce to Court over Engine Failure
Dec 2 2010 // Qantas stepped up pressure on Thursday on engine maker Rolls-Royce to settle damages related to an engine failure on one of its giant Airbus A380 aircraft, but said it would keep the door open for an out-of-court...
Group Says Canadian Firm Unprepared for Spill Response in Midwest
Dec 1 2010 // A lack of equipment and personnel has left TransCanada unprepared to deal with a major spill of crude oil on its Keystone pipeline system, according to a report by a nonprofit environmental group. The 60-page report from...
How BP’s Gulf Oil Disaster Costs Could Double
Dec 1 2010 // Analysts’ dividend forecasts point to steady recovery BP, analysts, may be underestimating legal charges BP has history of low-balling long-term cost of disasters “Gross negligence,” punitive damages not...
Final Claims Process for BP Oil Disaster Victims Begins
Nov 24 2010 // The administrator of the $20-billion fund created by BP Plc to compensate Gulf of Mexico oil spill victims announced plans Wednesday for processing final payments. Administrator Kenneth Feinberg said in a news release that...
BP Claimants Face Deadline, Choice to Settle Now or Later
Nov 23 2010 // Fishermen and business owners stung by a summer of lost revenue from the Gulf of Mexico oil spill have until Wednesday to file their compensation claims for short-term damages, but accepting a settlement check is a...
BP’s Deep Cleaning of Gulf Beaches Getting Mixed Reviews
Nov 19 2010 // At Orange Beach in Alabama, what’s typically a beautiful, quiet stretch of beach in the fall now resembles a construction site. Bulldozers and yellow dump trucks shake the ground; a giant sifting machine spits clean...
BP Could Gain Claimants’ Rights to Sue Other Oil Spill Firms
Nov 18 2010 // Claimants to BP Plc’s $20 billion oil spill fund may soon be required to transfer to the company their right to sue other defendants, a move that could help BP’s efforts to collect billions of dollars from its...
Big Oil Firms Need Top-to-Bottom Safety Reform, Says Commission
Nov 10 2010 // Complacency at BP, as well as at Transocean Ltd and Halliburton, led to serious missteps prior to the rig explosion that unleashed millions of barrels of oil into the Gulf of Mexico over the summer, the heads of the White...
BP Says It Has Paid Alabama $657 Million So Far for Disaster Recovery
Nov 10 2010 // Oil giant BP says it has paid more than $657 million for grants, claims and recovery costs in Alabama from the oil spill in the Gulf of Mexico. The oil company released updated figures this week on the amounts it has paid...
White House Panel: Human Errors, Not Safety Cuts, Behind BP Disaster
Nov 9 2010 // The White House oil spill commission said on Monday it found no evidence to support accusations that the largest offshore oil spill in U.S. history happened because workers for BP Plc and its partners cut corners to save...
Qantas Grounds A380s for 3 More Days to Inspect Engines
Nov 8 2010 // Australia’s Qantas Airways has grounded its A380 fleet for at least another three days as it investigates oil leaks as a possible cause of the explosion which tore apart one of the super jumbo’s engines last...
Panel on BP Gulf Oil Disaster Could Shape Liability Issues
Nov 8 2010 // The White House oil spill commission will delve into the root causes of the BP offshore drilling disaster at a meeting Monday that may have liability ramifications for the companies that continue to point the finger at...
