Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
BP Vows to Pay All Gulf Coast Oil Spill Damage Claims
Apr 30 2010 // BP Plc will compensate all those affected by an oil spill from one of its wells in the Gulf of Mexico, its chief executive said, accepting the disaster could hit plans to open new areas off the U.S. coast to...
PartnerRe Oil Platform Disaster Loss Estimates Put at $60-$70 Million
Apr 30 2010 // Bermuda-based PartnerRe Ltd. announced preliminary estimates of expected claims, relating to the recent explosion of the Deepwater Horizon Drilling Platform in the Gulf of Mexico, as in “the range of $60-$70...
U.S. Congressman Requests Disaster Assistance for Louisiana Fishermen
Apr 30 2010 // U.S. Congressman Charlie Melancon of Louisiana has urged federal administrators to direct disaster funding to Louisiana’s commercial and recreational fishermen as a result of the explosion and oil spill from the...
Gulf of Mexico Leak Grows, Oil Slick Near Shore
Apr 29 2010 // The U.S. Coast Guard said Wednesday five times as much oil as previously estimated was leaking from a well beneath the site of a deadly drilling rig explosion as the slick threatened wide-scale coastal damage for four U.S....
Transocean Says Insurance Covers $560 Million Oil Rig Loss
Apr 27 2010 // Transocean Ltd. said Monday its insurance covers the total loss of the Deepwater Horizon oil platform and wreck removal after the rig that burned and sank off the Louisiana coast last week. Wreck removal coverage was only...
Quick End to Gulf Oil Leak Depends on Robot Subs
Apr 27 2010 // Crews have been using a robot submarine to try to stop an oil leak resulting from the explosion at an oil drilling platform off the coast of Louisiana. The oil is leaking nearly a mile below the surface of the Gulf of...
South Korea Sends Destroyer After Pirates Seize Oil Tanker
Apr 6 2010 // South Korea has sent a destroyer to intercept a supertanker carrying as much as $170 million worth of crude oil that was seized by Somali pirates, officials said on Monday. The South Korean-operated, Singapore-owned Samho...
Korean Oil Tanker Believed Hijacked by Somali Pirates
Apr 5 2010 // South Korea’s Foreign Ministry said a South Korean-owned oil tanker with 24 sailors aboard is believed to have been hijacked by Somali pirates. The ministry said the hijacking is thought to have occurred on Sunday...
Insurers Disagree With Calif. Over Divesture of Iranian Investments
Mar 29 2010 // California Insurance Commissioner Steve Poizner announced that 460 insurers have agreed in writing to a moratorium on future investments in 50 companies identified by the California Department of Insurance (CDI) to be...
Buzzards Bay Oil Spill Lawsuit Set to Start
Mar 23 2010 // A lawsuit brought by Massachusetts residents who say their property values dropped after a barge spilled nearly 100,000 gallons of oil in Buzzards Bay in 2003 is scheduled to start. The New Bedford Standard-Times reports...
Countries Raise Security in Malacca Strait after Terror Warning
Mar 5 2010 // Malaysia and Indonesia said on Thursday they are stepping up security in the Strait of Malacca, one of the world’s busiest shipping lanes, following the Singapore navy’s warning of possible attacks on oil...
Maritime Terrorism Could Have Global Economic Impact
Mar 5 2010 // Singapore said on Friday it had raised alert levels in the city-state and beefed up security at its airport and new casino resorts after a warning of possible attacks on oil tankers in the Malacca Strait. [See IJ web site...
Houston’s Berkley Oil & Gas Adds 3 in Executive Positions
Feb 24 2010 // Houston-based energy insurance products and services provider Berkley Oil & Gas Specialty Services LLC has announced three executive appointments. Nancy R. Zoril was added as vice president and underwriting officer;...
AXIS Capital Forms Renewable Energy Insurance Team
Feb 12 2010 // Bermuda-based AXIS Capital Holdings Limited announced the formation of a renewable energy team within its AXIS Insurance business. The team is based in London, and will “insure and assess risks for renewable energy...
California Continues To Evaluate Insurers’ Iranian Investments
Feb 11 2010 // California Insurance Commissioner Steve Poizner has released a list of 50 companies doing business in the Iranian oil and natural gas, nuclear and defense sectors, and announced that as of March 31, 2010, no investments...
Marsh Sees Lower Risk Costs for National Oil Companies
Feb 1 2010 // “The world’s national oil companies (NOCs) could be in a position to benefit from lower overall costs of risk over the next few years,” according to an analysis from Marsh. A reduction in the number of...
Torus Launches New Jersey-Based Renewable Energy Underwriting Unit
Jan 5 2010 // Specialty insurer Torus has hired three New Jersey-based executives to oversee underwriting of primary lines of general liability and auto liability for renewable energy. Angie Adams, Adam Newman and Wayne Jacobson have...
Georgia Chief Offers Tips on How to Safely Deep Fry Turkey
Nov 24 2009 // Deep frying is an increasingly popular way to cook a turkey, but it’s not without its dangers. Insurance Commissioner John Oxendine urges Georgians to be careful when deep frying the holiday bird. He offers some...
Texas Supreme Court Agrees to Rehear Exxon Abandoned Wells Case
Nov 23 2009 // The Texas Supreme Court says it will again hear arguments in the nearly 15-year legal battle over accusations that Exxon Mobil Corp. loaded abandoned wells with junk, sludge and even explosives to keep other companies from...
Tropical Storm Ida Pounds Gulf States with High Winds, Heavy Rains
Nov 10 2009 // A weakening Tropical Storm Ida lashed the U.S. Gulf Coast with drenching rain and high surf Tuesday as it moved ashore after shutting down almost 30 percent of Gulf of Mexico energy production. Ida, once a Category 2...
