Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
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...
OIL Posts Strong 2003 Earnings, $420 Million Net
Mar 22 2004 // Bermuda-based Oil Insurance Limited announced that its overall 2003 performance was strong, both in terms of underwriting and investment results. The Company reported net income of $420 million. “Prior to general and...
France’s EDF Joins OIL
Feb 6 2004 // Electricité de France (EDF), the government owned-electric utility, has joined the Bermuda-based mutual energy insurance group Oil Insurance Limited (OIL) effective Jan.31, 2004. The EDF, which supplies electricity,...
S&P Affirms Oil Insurance ‘A+’ Ratings
Oct 16 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A+’ long-term counterparty credit and financial strength ratings and its ‘A-‘ subordinated debt rating on Oil...
Chubb Exec. to Open Oil & Gas Conference
Oct 9 2003 // The Strategic Research Institute announced that its Insurance & Risk Management in the Oil & Gas Industry conference, to be held Oct. 27, 2003 at the Crowne Plaza Houston in Houston, Texas, will feature an inside...
OCT. OIL & GAS SEMINAR
Sep 22 2003 // The Strategic Research Institute will hold a one-day seminar on “Insurance & Risk Management in the Oil & Gas Industry” in Houston on Oct. 27. Specific areas to be covered are: Making your company...
Oil & Gas Seminar Slated for Oct. 27 in Houston
Sep 12 2003 // The Strategic Research Institute announced it will hold a one-day intensive seminar on “Insurance & Risk Management in the Oil & Gas Industry” in Houston on Oct. 27. The seminar addresses the problems...
S&P affirms Oil Insurance Ltd., ‘A+’ Ratings
Aug 13 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A+’ counterparty credit and financial strength ratings on Oil Insurance Ltd. (OIL) with a negative outlook, and has removed them...
Working with Blowouts, Knock-for-Knocks and Other Oil Patch Oddities
Jun 9 2003 // One of the big issues facing small- to mid-size oil and gas operators and contractors these days is the need to determine how much risk they are willing to carry themselves and how much they want to transfer to an insuring...
