Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Hurricane Alex Could Reach Land Today in Mexico, Texas
Jun 30 2010 // Hurricane Alex strengthened in the Gulf of Mexico early Wednesday and was expected to make landfall later in the day but skirt Mexican oil rigs and U.S. oil fields, alleviating concerns in crude markets. The first named...
Special Reuters Report: Oil Spill a Gusher for Lawyers; Litigation May Take Years
Jun 30 2010 // BP payout should far exceed what Exxon spent on Valdez The company’s $20 billion fund may not be enough Accountability may take years if not decades to assess Many federal laws allow civil, criminal liability From a...
More Oil Spills to Come, Says Professor
Jun 30 2010 // The Deepwater Horizon oil spill in the Gulf of Mexico is not simply a random accident. There will be more of these spills to come, as the days of easy oil are over, says an anthropologist at Washington University in St....
Senate Committee Votes to End Oil Spill Liability Cap Retroactively
Jun 30 2010 // A U.S. Senate committee Wednesday voted to eliminate limits on liability that oil companies would face for damages stemming from offshore spills like the one in the Gulf of Mexico. The change, if approved and made law,...
Hurricane Alex to Hamper BP’s Gulf Oil Disaster Containment Effort
Jun 29 2010 // Tropical Storm Alex is expected to reach hurricane strength on Tuesday, with high winds and vast waves set to hamper BP Plc’s latest efforts to contain the largest oil spill in U.S. history. Shares in London-based...
BP Says Storm Waves Will Delay Oil Capture
Jun 28 2010 // BP Plc’s plan to increase oil-capture capacity this week at the Gulf of Mexico leak to up to 53,000 barrels a day will be delayed by high waves expected to be generated by Tropical Storm Alex, a company executive...
A Look at the More Than 240 Lawsuits Against BP in U.S.
Jun 25 2010 // BP Plc faces at least 243 U.S. lawsuits so far arising from its role in the Gulf of Mexico oil spill, in what is considered by some the biggest environmental disaster in U.S. history. The vast majority of the lawsuits have...
Louisiana Gov. Adds to Attorney General’s Coffers for BP Investigation
Jun 24 2010 // Louisiana Governor Bobby Jindal has designated another $5 million – for a total of $10 million – of the $25 million block grant provided by BP to Attorney General Buddy Caldwell’s office to support...
Gulf Oil Disaster Cleanup Workers Risk Health Problems
Jun 23 2010 // Workers struggling in the heat to clean up oil from the the ruptured BP well in the Gulf of Mexico risk short-term lung, liver, and kidney damage from fumes, experts said Tuesday. Studies of the health effects after seven...
Florida Court Says Fishermen Can Sue Polluter; Is BP Next?
Jun 23 2010 // With BP’s offshore oil gusher in the Gulf of Mexico as a backdrop, the Florida Supreme Court has ruled that commercial fishermen can sue a company that discharged pollutants into Tampa Bay for lost income and profits...
Willis Opens New Kazakhstan Office
Jun 22 2010 // Willis Group Holdings announced that it has received official approval from local authorities to open a representative office of Willis Limited in Kazakhstan, the third office Willis has opened in the former Soviet Union,...
11 East Coast States Hold BP Responsible for Oil Disaster Claims
Jun 22 2010 // Eleven East Coast states have told BP they will hold it responsible for any losses caused by its still-growing oil spill in the Gulf, Connecticut’s attorney general said Monday. “Even without oil actually...
BP Partner Anadarko Places All Blame for Oil Disaster on BP
Jun 21 2010 // As BP Plc rushed to raise cash to pay for the Gulf of Mexico disaster, a partner in the out-of-control well said the British company was likely guilty of “willful misconduct” and should shoulder the financial...
BP Looking to Raise $50 Billion to Cover Gulf Oil Disaster Costs
Jun 21 2010 // British energy giant BP Plc is planning to raise $50 billion to cover the cost of the Gulf of Mexico oil spill, while the head of a $20 billion fund to compensate victims of the accident vowed Sunday that eligible claims...
Oil Rig Tragedies Shock Insurers, Destabilize Market, Says Willis
Jun 21 2010 // The U.S. Deepwater Horizon and Venezuelan Aban Pearl drilling rig losses have left upstream energy insurers with an unprecedented bill of $795 million within the space of a single month, destabilizing the market and...
FEMA: Insurance Applies If Oil from BP Spill Mixes with Flood Waters
Jun 21 2010 // The Federal Emergency Management Agency has clarified that in the event of a declared flooding disaster, flood insurance coverage will apply even if oil from the BP deep well blowout mixes with floodwaters. The National...
Double Trouble: Oil and Hurricanes in the Gulf Coast
Jun 21 2010 // AIR Worldwide Reviews Implications of the Gulf Oil Spill for Hurricane Season The current oil spill in the Gulf of Mexico followed soon after a large explosion on the Deepwater Horizon oil drilling platform, 50 miles off...
Louisiana AG Files Petition Against BP
Jun 21 2010 // Louisiana Attorney General Buddy Caldwell has filed a Petition for Discovery and Investigation against British Petroleum in state court in Plaquemines Parish as a result of the massive oil spill in the Gulf of Mexico. The...
Double Trouble: Oil and Hurricanes in the Gulf Coast
Jun 21 2010 // AIR Worldwide Reviews Implications of the Gulf Oil Spill for Hurricane Season The current oil spill in the Gulf of Mexico followed soon after a large explosion on the Deepwater Horizon oil drilling platform, 50 miles off...
