Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Recent Patterns Heighten Threat of Active Atlantic Hurricane Season
May 27 2010 // The threat of an above-average 2010 Atlantic hurricane season has heightened over the past month and it now promises to be “a hell of a year,” a leading U.S. forecaster said Wednesday. William Gray, the...
Justice Department Defends Retroactive Liability Limit on BP
May 26 2010 // The U.S. Justice Department said Tuesday that Congress could retroactively impose a higher liability cap on BP Plc to pay for the damage from its growing oil spill, and the company would likely lose if it challenged the...
U.S. Slams Transocean’s Attempt to Limit Liability for Oil Spill
May 26 2010 // The Obama administration Tuesday slammed as “inappropriate” an attempt by Transocean Ltd to limit its liability for its role in the BP Plc oil spill in the Gulf of Mexico to under $27 million. Noting that the...
U.S. Hurricane Center Director Says Haiti is ‘Biggest Concern’
May 26 2010 // U.S. National Hurricane Center director Bill Read said Tuesday that earthquake-ravaged Haiti was his biggest concern as another Atlantic hurricane season gets under way. He also acknowledged that a powerful storm could...
S&P Expects Re/Insurance Losses from Gulf Oil Spill to Be Minimal
May 24 2010 // Based on what are so far only preliminary estimates, Standard & Poor’s Ratings Services said it expects insured losses from the oil spill in the Gulf of Mexico “to be significantly less and be spread among...
U.S. Vows to Replace BP on Oil Response If Necessary to Control Spill
May 24 2010 // The U.S. government will move aside BP from the operation to try to halt the Gulf of Mexico oil spill if it decides the company is not performing as required in its response to the well leak, U.S. Interior Secretary Ken...
Frustration Mounts as Oil Seeps into Louisiana’s Wetlands
May 24 2010 // Anger grew along the Gulf Coast as an ooze of oil washed into delicate coastal wetlands in Louisiana, with many wondering how to clean up the monthlong mess – especially now that BP’s latest try to plug the...
Pressure Piles on BP As Gulf Oil Spill Widens
May 24 2010 // BP sharply reduced its estimate on Monday of how much oil it is siphoning off from a ruptured well in the Gulf of Mexico as Washington kept the pressure on the energy giant over the environmental debacle. British-based BP...
BP Shareholder Sues, Alleging Mismanagement of Oil Spill
May 21 2010 // A BP Plc shareholder in Alaska Thursday sued the corporation’s chairman and board members, alleging the officials’ mismanagement led to the disastrous Deepwater Horizon rig explosion and spill and have devalued...
Louisiana Coastal Parishes Sue BP Over Oil Spill
May 20 2010 // Terrebonne Parish, Louisiana, District Attorney Joe Waitz has filed suit against oil giant BP, seeking money for wildlife killed or hurt by the massive oil leak in the Gulf of Mexico. The lawsuit, filed May 17, is among...
Senate Republicans Balk at Raising Oil Companies’ Spill Liability
May 19 2010 // President Barack Obama said Tuesday he was disappointed that a measure to lift limits on oil firm liability for spills had stalled in the U.S. Senate, and blasted Republicans he said had stopped it. “I am...
Lawsuits Seek to Curb Deep Wells in Gulf of Mexico
May 19 2010 // Environmentalists seeking to curb oil drilling in the Gulf of Mexico have filed federal lawsuits to shut down a major BP platform and close a government loophole for new oil and gas exploration. The lawsuits, filed in...
Obama to Name Gulf Oil Spill Panel; BP Safety Record Faulted
May 18 2010 // President Barack Obama will create a presidential commission to probe the oil spill in the Gulf of Mexico and energy giant BP said Monday it had “turned the corner” in its efforts to contain it. London-based BP...
Democrats Considering Unlimited Oil Spill Liability
May 18 2010 // Democrats in the U.S. Senate are considering pushing legislation that would place no limits on the liability oil industry companies would face if they are responsible for oil spills, New Jersey Senator Robert Menendez said...
Coming Hurricane Season Could Complicate Gulf Oil Spill Disaster
May 18 2010 // BP’s oil spill could make for one of the highest-stakes U.S. Gulf hurricane seasons on record. Storms may scuttle clean-up efforts, force containment vessels to retreat, or propel spilled crude and tar balls over...
BP Reports Some Success in Containing Gulf Oil Spill
May 17 2010 // Energy giant BP reported a limited success at containing the oil that is gushing unabated into the Gulf of Mexico Sunday but a skeptical U.S. government said it was “not a solution.” Reports of huge oil plumes...
Reinsurers Anticipate Gulf Coast Oil Spill Losses Will Be Major
May 17 2010 // The blame game for the recent British Petroleum oil spill along the Gulf Coast is just getting started as are the insurance implications of this disastrous event, according to underwriters and other...
Oil Rig Workers File Suit
May 17 2010 // Three workers forced to escape on lifeboats after an explosion aboard an offshore drilling platform claimed in a lawsuit they were kept floating at sea for more than 10 hours while the rig burned...
Insurance Industry Reacts to Gulf Coast Oil Spill
May 17 2010 // The blame game for the recent British Petroleum (BP) oil rig accident and subsequent oil spill is just getting started, as are the insurance implications of this disastrous event, according to underwriters and other...
Shrimpers, Boat Captains Line Up For BP Spill Claims
May 14 2010 // Ronald Polkey, a sun-weathered shrimp boat captain from the Louisiana resort and fishing hub of Grand Isle, La., should be out on the water working his nets to bring in a day’s catch. But with most of the...
