Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Thousands of Federally Placed Underground Fuel Tanks Could Leak
Aug 14 2008 // The government owns hundreds of underground fuel tanks — many designed for emergencies back in the Cold War — that need to be inspected for leaks of hazardous substances that could make local water...
Hearing Examines Wreck That Caused New Orleans Oil Spill
Aug 13 2008 // Storms in New Orleans halted work to clean up oil spilled along the Mississippi River as the Coast Guard prepared Aug. 11 for a hearing about who is to blame for the wreck that caused the spill in late July. Officials...
On a Roll, Oklahoma Expected to Add Jobs This Year
Aug 8 2008 // Oklahoma added 22,500 jobs last year as the energy sector fueled an employment growth rate of 1.4 percent, sixth highest among all states, according to a newly released report. “We’re growing 1 percent faster...
Storm Edouard Shuts Gulf Coast Oil Port, Disrupts Shipping
Aug 4 2008 // Tropical Storm Edouard forced shut a huge U.S. offshore oil port, a refinery, some oil production and disrupted shipping as the storm raced toward the Texas-Louisiana coast Monday. Energy companies evacuated staff from...
Flooding in Indianapolis’ Lucas Oil Stadium Adds $5.6M to Cost
Jul 30 2008 // Flooding in Indianapolis’ Lucas Oil Stadium is expected to add more than $5 million to the cost of the new home of the Indianapolis Colts, officials said. The Indiana Stadium and Convention Building Authority...
Oil and Gas Group Earns $2.9M Texas Mutual Dividend
Jul 11 2008 // Texas Mutual Insurance Company announced a $2,903,340 dividend to the Texas Oil & Gas Association (TxOGA) workers’ compensation group discount program. The dividend was based largely on the group’s premium...
Supreme Court Rules $2.5 Billion Exxon-Valdez Damages Excessive
Jun 25 2008 // The Supreme Court Wednesday overturned the record $2.5 billion in punitive damages that Exxon Mobil Corp had been ordered to pay for the 1989 Exxon Valdez oil spill off Alaska. The nation’s highest court ruled that...
Montana High Court Rejects Compensation Board’s Lawsuits
Jun 9 2008 // The Montana Supreme Court has upheld a lower court’s rulings against the state Petroleum Tank Release Compensation Board. The board had sued four insurance companies for compensation for more than $2 million in...
International Energy Agency Urges $45 trillion ‘Energy Revolution’ to Halve CO2
Jun 6 2008 // World governments must quickly start a $45 trillion “energy technology revolution” that could drive up the cost of producing carbon ten-fold, or risk emissions surging by 2050, the West’s energy watchdog...
Willis Risk Manager Conference Examines Brazil, China Energy Sector
Jun 4 2008 // Willis recently hosted a conference of senior risk managers from the US oil and gas industry at its inaugural Global Risk Challenge seminar in Houston. They concentrated on finding out more about some of the major...
Insurance Companies Face Global Warming Claims
Jun 2 2008 // Corporations exposed to liability for greenhouse gas emissions The industry is about to enter an era of global warming insurance claims. Scientists have been warning about the impact global warming could have if greenhouse...
Marsh Reports on Power and Utility Companies’ Captives
May 29 2008 // Marsh has released a “benchmarking” report examining the use of captive insurance companies by power and utility companies in four regions: the US; Europe, the Middle East and Africa (EMEA); and, Asia...
Burn Victim Sues Owner of Tennessee Oil Well that Exploded
May 12 2008 // A man who was seriously burned when an Anderson County, Tenn. oil well exploded as he was driving past is suing the company and its owner for $4.5 million, claiming negligence. The well near Oliver Springs, Tenn., ignited...
European Utility Companies May be Underinsured, Warns Marsh
May 9 2008 // The “Marsh Power Forum” in Paris this week identified potential insurance problems for the industry. Marsh noted that “the combination of rising demand and insured costs in Europe’s electricity...
Strait of Hormuz: The Potential Economic Effects of a Disruption
Apr 25 2008 // A cargo ship contracted by the U.S. military fired on an Iranian vessel in Gulf waters on Friday, raising tension between Washington and Tehran in a region vital to world oil shipments. In January, the United States said...
Zurich Global Energy Creates Alternative Energy Team
Apr 23 2008 // Zurich Financial Services Group (Zurich) announced that Zurich Global Energy, a unit of the Global Corporate division, has created a cross-functional team to address the insurance needs of the growing alternative energy...
Willis Energy Chairman Analyzes Hazard Risk Management
Apr 17 2008 // Speaking at the recent World National Oil Companies Congress in London, Phillip Ellis, Chairman of Willis Energy, a division of Willis Group Holdings, presented hazard risk management as a guard against shocks that can...
Update: Tennessee Residents Try to Recover after Oil Well Explosion
Apr 8 2008 // Tennessee resident, Irene Daugherty, is home but still shaken after an oil well explosion just 60 yards from her front door melted the siding on her manufactured home and transformed the landscape into charred stumps and...
Arkansas Truckers Cite Fuel Prices, Park for a Day
Apr 3 2008 // Arkansas truckers parked their rigs on April 1 to have their say in a national protest over high fuel prices that independent operators say is putting them out of business. Dale Burri of Greenbrier, a driver for J.B. Hunt...
Tennessee Fines Oil Well Owner $50K after Fire Forced Evacuations
Mar 31 2008 // The operator of an Anderson County, Tenn. oil well that burned for nearly a week has been cited by the state for five violations and fined $50,000. According to the citation, Dan Potts was drilling too deeply and...
