Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Negotiating the Highs and Lows in the Oil and Gas Market
Aug 22 2005 // Everything’s negotiable. If that’s not the key operational phrase in the oil and gas sector-both in terms of oil and gas production and insuring that risk-then it comes very close. Contracts rule in the...
Oilfield Safety a Concern as Energy Demands Rise
Aug 15 2005 // The American Society of Safety Engineers’ (ASSE) Permian Basin Chapter in Midland, Texas, announced it is teaming up with local U.S. Occupational Safety and Health Administration officials and the Texas...
Oil Casualty Insurance in Bermuda Names Hutchings Senior VP, COO
Jul 20 2005 // George F. Hutchings has joined the OIL Group of Companies in Bermuda as senior vice president and chief operating officer of Oil Casualty Insurance Ltd. His professional career has taken him from corporate finance to...
Oil and Gas
Jul 18 2005 // Nuts & Bolts: American E&S has a new oil and gas insurance program focused on exploration and production companies. This new program features control of well insurance coverage at competitive rates, flexibility,...
Montlake Holdings, Texas Alliance of Energy Producers Form Self-Insured Group for Workers’ Comp
Jul 7 2005 // The Texas Alliance of Energy Producers and Montlake Holdings announced they have established a self-insured group for workers’ compensation insurance, the only one of its kind in Texas for business owners in the oil...
American E&S Rolls Out Oil and Gas Program
Jun 30 2005 // The Houston office of American E&S recently announced a new Oil and Gas Insurance program. The program focus is Oil and Gas Exploration and Production Companies. This new program features Control of Well insurance...
Higginbotham & Associates Adds VP to Specialty Energy Division
May 17 2005 // Higginbotham & Associates, a privately held insurance brokerage firm based in Fort Worth, Texas, named commercial property and casualty broker Scott Fitzgerald as vice president to reflect his increased 2004 sales...
TWCC to Hold Oil and Gas Safety Seminar in Houston
Apr 4 2005 // The Workers’ Health and Safety division of the Texas Workers’ Compensation Commission will present a one-day educational seminar on Introduction to Oil and Gas Safety on April 27, 2005, from 8 a.m. to 5...
OIL Hit by Ivan Posts $548 Million Net Loss in 2004
Mar 21 2005 // Oil Insurance Limited (OIL), the Bermuda-based mutual company, which currently insures 83 energy companies, was heavily impacted by 2004’s hurricanes, especially Ivan. The storm’s “slow track across the...
McDonald’s Settles Fat Lawsuit for $8.5 Million
Feb 15 2005 // Fast food giant chain McDonald’s has agreed to donate $7 million to the American Heart Association to settle lawsuits over the type of fat it uses in its cooking. The burger and fries restaurant chain will also spend...
OIL & GAS INSURANCE CONFERENCE SET:
Feb 7 2005 // Strategic Research Institute will hold the 2nd Annual Insurance & Risk Management for the Oil & Gas Industry conference Feb. 28-March 1, 2005, at the Renaissance Houston in Houston, Texas. The forum will focus on...
Feds Sue to Block Mass. Oil Spill Liability Law
Jan 21 2005 // The federal government has filed a lawsuit challenging key sections of a new Massachusetts law that regulates oil tanker operations and safety in state waters, saying the provisions violate federal authority and should be...
OPIC to Provide $300 Million for Apache’s Natural Gas Development in Egypt
Jan 20 2005 // Houston-based Overseas Private Investment Corporation (OPIC) announced a commitment to provide $300 million in political risk insurance to Apache Corporation for a project designed to help Egypt shift the emphasis of its...
Oil & Gas Industry Insurance & Risk Management Conference to be Held in Houston
Jan 20 2005 // Strategic Research Institute announced it will hold the 2nd Annual Insurance & Risk Management for the Oil & Gas Industry conference Feb. 28-March 1, 2005, at the Renaissance Houston in Houston, Texas. What are...
S&P: OIL’s $1.2 Billion Loss Will Not Affect Ratings
Jan 11 2005 // Standard & Poor’s Ratings Services has issued a bulletin indicating that the recently announced $1.2 billion of incurred losses in 2004 for Oil Insurance Ltd. – currently rated “A+”/Negative;...
Powering the World
Oct 11 2004 // It’s too bad we can’t harness the energy of Washington’s Mt. St. Helens. It’s been belching great plumes of steam and ash of late, propelling long buried energy some 10,000 feet into the air. So far...
sEnergy Posts $11.9 Million Net Operating Income for FY 2004; Triplette Named Board Chairman
Sep 23 2004 // Bermuda-based sEnergy Insurance, Ltd., a member of the OIL Group of mutual insurers (see related article), announced that underwriting income was $38.4 million and net operating income was $11.9 million. for the Fiscal...
Wesley to Retire as CEO of OIL Group of Companies
Sep 23 2004 // Jack Wesley, President and CEO of the Bermuda-based OIL Group of Companies, announced that he plans to retire in mid-2005, after almost ten years of service with the energy industry’s mutual insurance group. The...
Web Site Advises Homeowners on Oil Tank Safety
Aug 27 2004 // A new Internet Web site aims to help homeowners avoid potentially costly home oil tank spills and damage to the environment. Tankhealth.com informs provides web-based risk analysis program that helps homeowners identify if...
S&P Lowers Oil Casualty to ‘A-‘
Aug 12 2004 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Oil Casualty Insurance Ltd. (OCIL) to ‘A-‘ from ‘A’, while...
