Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
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...
Panel Finds Halliburton At Fault for Flawed Cement in BP Oil Well
Oct 29 2010 // Halliburton Co. used flawed cement in BP Plc’sdoomed Gulf of Mexico well, which could have contributed to the blowout that sparked the worst offshore oil spill in U.S. history, a White House panel said...
Munich Re Sees Growth in Renewable Energy; Comments on Renewals
Oct 26 2010 // According to a report from Munich Re, “renewable energies are gaining in significance.” The reinsurer noted that “the share of renewable energies in power generation in Germany is expected to increase...
Hurricane Richard Hits Belize; Could Reach Mexico’s Oil Fields
Oct 25 2010 // Hurricane Richard struck the tiny Central American nation of Belize Sunday, blowing roofs off houses and knocking out electricity as tourists and residents huddled in emergency shelters. Richard, which made landfall just...
Group Sues BP for Harm to Endangered Gulf Wildlife
Oct 21 2010 // U.S. environmental groups filed a suit Wednesday against British-based oil giant BP Plc saying the world’s worst offshore spill inflicted “ongoing unlawful” harm on endangered wildlife in the Gulf of...
Hoaxers Target New Chevron Advertising Campaign
Oct 19 2010 // Chevron Corp launched a new advertising campaign Monday to address negative perceptions of big oil companies, but a bogus release and website by activist hoaxers and an environmental group quickly sought to turn the tables...
BP Links Bonus Pay to Safety, Risk Management
Oct 19 2010 // BP Chief Executive Bob Dudley has stepped up his battle to rebuild the troubled oil giant’s reputation, declaring safety is so core to the group that it would be the sole measure for staff bonuses in the last quarter...
BP Tells Court It Waives $75 Million Limit on Oil Spill Liability
Oct 19 2010 // BP Plc told a court it was committed to waiving the legal cap on its liability from the Gulf oil spill, which could have limited the cost to the oil giant to $75 million plus clean-up costs. “BP has chosen to waive...
BP Claims Fund Struggling to Get Up to Speed
Oct 18 2010 // In the rush to get compensation from BP after its massive oil spill, the $20 billion fund that the company created has been inundated with questionable documentation, inflated claims and in some cases, outright fraud...
Oil Firms Eye New Insurance Fund
Oct 18 2010 // U.S. oil explorers are talking about forming a new insurance fund that would cover the costs of any future oil spill in order to avoid a scenario where smaller companies are unable to drill offshore. BP’s oil spill...
People
Oct 18 2010 // Texas-based Roach Howard Smith & Barton (RHSB) announced that Jan Holcombe joined the company as vice president of personal client services. Holcombe brings more than 20 years of experience as an insurance counseling...
