Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Lawsuits Over Gulf of Mexico Oil Spill Expected to Increase Dramatically
May 13 2010 // Companies linked to the massive Gulf of Mexico oil spill are facing a flood of lawsuits, as legal actions from the disaster spread faster than the crude gushing from BP Plc’s blown-out undersea well. Nearly 100...
Florida Creates Legal Team on Oil Spill Recovery
May 12 2010 // Two former Florida attorney generals will be leading a legal team to represent the state on issues resulting from a runaway oil leak in the Gulf of Mexico. Jim Smith, who was attorney general between 1979 and 1987 and...
Senators Slam Oil Executives Over Gulf Spill
May 12 2010 // U.S. senators Tuesday tried to pin the blame for the Gulf of Mexico oil spill on the companies involved, scrutinizing their safety practices and demanding full compensation be paid for the cleanup. In hearings before two...
Insurance Industry Reacts to Gulf Coast Oil Spill
May 11 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...
Oil Executives Face Congress Today, Blame Each Other for Spill
May 11 2010 // Big oil goes under the spotlight Tuesday when U.S. lawmakers grill top executives on a drilling rig explosion and oil spill that threatens an environmental catastrophe in the Gulf of Mexico. The hearings come during a...
BP Says Gulf Coast Oil Spill Has Cost $350 Million Thus Far
May 10 2010 // Oil major BP Plc said the oil spill in the Gulf of Mexico had cost it $350 million so far, suggesting the final bill could be much higher than many analysts predicted, and hitting the company’s shares. BP said in a...
BP Searches for Oil Spill Solution After Metal Dome Setback
May 10 2010 // BP Plc engineers will search for a solution Sunday after suffering a setback in an attempt to contain oil gushing into the Gulf of Mexico with a huge metal dome, dashing hopes for a quick, temporary solution to a growing...
Obama Eyes Raising Oil Spill Liability Limit; BP Says It’s Not An Issue
May 10 2010 // The White House is pushing to lift the limit on how much BP pays for the Gulf Coast oil spill. Press Secretary Robert Gibbs said the administration wants to work with Congress to change a law that caps at $75 million...
Price Gouging Law Enacted; Emergency Loans Available in Louisiana
May 7 2010 // The federal Small Business Administration recently granted Louisiana Gov. Bobby Jindal’s request to issue an economic injury disaster declaration for Jefferson, Lafourche, Orleans, Plaquemines, St. Bernard and St....
Family of Mississippi Oil Rig Worker Files Wrongful Death Suit
May 6 2010 // The family of Mississippi oil rig worker Aaron Dale Burkeen have filed a wrongful death lawsuit over the April 20 oil rig explosion in which he died. Houston, Texas-based attorney Kurt Arnold said in a statement the...
Oil Rig Workers File Suit
May 6 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...
Federal Law May Limit BP Liability in Oil Spill
May 5 2010 // A federal law may limit how much BP has to pay for damages such as lost wages and economic suffering in the Gulf Coast oil spill, despite President Barack Obama’s assurances that taxpayers will not be on the hook. A...
Somali Pirates Hijack China-bound Oil Tanker off of Yemen
May 5 2010 // Somali pirates on Wednesday hijacked the China-bound oil tanker MV Moscow University 350 miles (565 km) off the coast of Yemen with 23 Russian crew and crude oil worth $52 million on board. “The oil is Chinese. It...
Insurers’ Gulf Coast Oil Spill Losses Estimated at $1.4B
May 5 2010 // Companies with exposure to the sinking of the Deepwater Horizon oil rig in the Gulf of Mexico are insured for losses totaling about $1.4 billion, according to initial reports. “The insurance losses from the sinking...
BP CEO: Oil Claim Waivers a ‘Misstep,’ Will Not Be Enforced
May 4 2010 // BP Plc said Monday that waiver clauses in contracts it offered to Alabama fishermen to help fight the Gulf of Mexico oil spill had drawn allegations that it was trying to buy them off to give up the right to sue the...
Gulf Coast Oil Spill Compared to Category 5 Hurricane
May 4 2010 // What makes an oil spill really bad? Most of the ingredients for it are now blending in the Gulf of Mexico. Experts tick off the essentials: A relentless flow of oil from under the sea; a type of crude that mixes easily...
FBI Opens Gulf Oil Spill Disaster Fraud Line
May 4 2010 // The Federal Bureau of Investigation announced today that an existing fraud tip line is now accepting information from the public about suspected fraud associated with the Gulf of Mexico oil spill. Tips should be reported...
Validus Estimates Oil Platform Disaster Losses in $38-$45 Million Range
May 3 2010 // Bermuda-based Validus Holdings, Ltd. announced a preliminary estimate of losses from the Deepwater Horizon oil platform loss in the Gulf of Mexico to be in the range of $38 million to $45 million, based on an industry loss...
Gulf States’ Wildlife Reserve, Tourism, Fisheries at Risk from Oil Spill
Apr 30 2010 // A massive oil slick from a blown-out well in the Gulf of Mexico is expected to reach a wildlife reserve at the mouth of the Mississippi River Thursday as it threatens the environmentally delicate coastline of Louisiana and...
Gulf Coast Shrimpers Sue Oil Firm BP, Drilling Platform Owners Over Spill
Apr 30 2010 // Shrimpers in Louisiana and Alabama have filed class-action lawsuits against oil giant BP Plc and owners of the drilling platform that exploded in the Gulf of Mexico, as claims for economic losses anticipated from the...
