Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Stokes, Sexton to Lead Marsh Renewable Energy Unit
May 22 2007 // Marsh Inc. has established a dedicated Renewable Energy Team and named Susan K. Stokes and Tom Sexton as its co-leaders. The team will work with the firm’s Global Marine and Energy Practice and the Power and...
S&P Places OIL Ratings on Watch/Neg
Apr 25 2007 // Standard & Poor’s Ratings Services has placed its “A-” counterparty credit and financial strength ratings on Oil Insurance Ltd. (OIL) on CreditWatch with negative implications. “The CreditWatch...
Okla. Royalty Owners: Tort Reform Bill Would Keep Most Out of Settlements
Apr 24 2007 // Oklahoma’s landscape is in constant motion with the activity of oil wells, their seesaw-like movements pumping oil and natural gas to the surface and fueling the state’s economy. Oil wells are also a source of...
News Currents
Apr 23 2007 // High gas prices won’t put a damper on travel and watersports Water sports enthusiasts, motorcyclists and RV roadsters aren’t going to let high gas prices ruin their summer fun. They are willing to “pay to...
Swiss Re $426 Million European Clean Energy Fund Fully Subscribed
Apr 16 2007 // Swiss Re announced that it has successfully closed the €329 million ($446 million) European Clean Energy Fund to further investment. “The Fund, a UN accredited investment vehicle, provides capital to European clean...
OIL AND GAS RISKS
Apr 9 2007 // IDENTITY THEFT High loss in low-tech crime SHAKY FOUNDATION? Earthquake Authority losing funding
Oil drilling risks rise with novice crews
Apr 9 2007 // As the oil industry cycles into a drilling boom, the shortage of experienced workers raises safety issues that smart companies are working hard to address. Oil production has always been a boom-and-bust industry. At the...
Underwritiers weigh design, construction of offshore oil platforms
Apr 9 2007 // Not all offshore platforms are created equal, which is why one platform will survive a storm unscathed while another nearby is completely obliterated. In order to appropriately underwrite offshore platform risk,...
Report Pits Oil Against La. Oyster Farmers
Mar 29 2007 // Some oyster farmers in Louisiana may be using unused leases solely in hopes of collecting damage settlements from oil companies, according to a new report that is sparking tension between the seafood and energy...
Travelers O&G Rolls Out Emergency Response Plan for Managing Blowouts
Mar 5 2007 // Travelers Oil & Gas recently launched an emergency response planning guide for managing well blowouts that occur on U.S. oil and gas land drilling operations. According to the company announcement, it is the...
Marsh CEO Opens National Oil Company Conference with a Warning
Feb 27 2007 // Brian Storms, Chairman and CEO of Marsh Inc, speaking at the opening of the Marsh National Oil Company conference in Dubai, told delegates: “The world’s desire for environmentally-friendly energy sources...
Ind. Senator: Insurers Should Be Voice on Energy Alternatives, Climate Changes
Feb 22 2007 // If the United States is to move beyond a petroleum-based economy, it will require a stronger commitment by government, industry, and non-governmental leaders, U.S. Sen. Richard G. Lugar said recently in a wide-ranging...
Willis: Houston Energy Hub Home to 50% of World’s Downstream Capacity
Feb 21 2007 // With nearly $1 billion of commercial market capacity for downstream risks, representing approximately 50 percent of the total realistic amount available worldwide, Houston is emerging as a major center for downstream...
Marsh to Host Dubai Oil Conference
Feb 8 2007 // Marsh Inc. will host the first ever global risk advisory meeting of the world’s national oil companies (NOCs) at a conference in Dubai on 26-28 February. “These state-owned enterprises manage roughly 80 percent...
Judge Approves Deal Over Katrina-Related Urban Oil Spill in La.
Feb 1 2007 // A federal judge on Jan. 30 approved a settlement between Murphy Oil Corp. and about 6,000 St. Bernard Parish, La., homeowners over an oil spill that happened during Hurricane Katrina. In a three-page ruling, U.S. District...
Swiss Re Advisors See Big Demand for Energy Risk Underwriting
Nov 29 2006 // Major global political and business leaders say energy issues are high on their agenda and that the demands and risk transfer needs of this sector pose challenges and opportunities for insurers and reinsurers. At Swiss...
Companies Count the Cost of Kidnapping in Nigeria
Oct 11 2006 // Oil companies in Nigeria are being hit with rising costs due to kidnappings of their staff that have become so commonplace in the volatile Niger Delta one Nigerian company is selling T-shirts calling it the country’s...
Congress Raises Penalties for Oil Spills on Waterways
Jun 30 2006 // The Delaware River and other waterways around the nation will be better protected from oil spills under legislation approved Tuesday by Congress, according to one of the measure’s co-sponsors. The Coast Guard and...
Oil Well Discovered at Construction Site for Convenience Store in Okla.
Jun 9 2006 // Construction crews building a convenience store in south Tulsa, Okla., have discovered an abandoned oil well while digging a hole for gas storage tanks. The strange discovery was made recently when the crews broke open the...
OIL to Buy Back $300 Million in Debt
Jun 6 2006 // Oil Insurance Limited, founded in Bermuda in 1971 by 16 energy companies, as a mutual insurance company, announced that it is offering to purchase for cash any and all of its outstanding $300 million aggregate principal...
