Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
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...
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...
AAI Says Mass. Bill Mandating Fuel Spill Coverage Would Upset Homeowners Mkt.
Apr 16 2003 // The Alliance of American Insurers (AAI) is opposing passage of a bill heard Tuesday by a Massachusetts legislative panel that would add fuel spill coverage to the standard homeowners insurance policy. HB 1961 mandates that...
Houston Oil & Gas Conference to Focus on Risk Strategies
Mar 19 2003 // Insurance issues will be at the forefront of topics at the 8th Annual Conference on Contract Risk Management for the Oil & Gas Industry to be held in Houston Apr. 28 & 29. According to the Strategic Research...
London Insurer Posts $3.24 Million Bail for Prestige Captain
Feb 7 2003 // A. Bilbrough & Co., the managing agents of the London Protection and Indemnity Club, the marine insurers that issued coverage for the oil tanker Prestige, have posted a 3 million Euro ($3.24 million) bond for the...
SunCor to Join sEnergy Mutual Group
Dec 13 2002 // sEnergy Insurance Ltd., a mutual insurance company established in Bermuda in May 2002 by a group of twelve international energy companies to provide large limits of coverage for business interruption and excess physical...
New Oil Slick Set to Hit Spanish Coast
Dec 2 2002 // An estimated 9000 tons (2.4 million gallons) of heavy fuel oil, discharged from the sunken tanker “Prestige,” was poised to wash up on the beaches of Spain’s Northwestern Coast beginning today. Some of...
London Market Braces for Oil Spill Losses
Nov 21 2002 // The London market faces the majority of claims related to the sinking of the “Prestige” off Spain’s Galician coast and the related oil spill, which threatens the livelihood of many in the region. The...
Latest Tanker Disaster Reopens Debate on Oil Shipments
Nov 20 2002 // Even before the oil tanker “Prestige” went to the bottom of the Atlantic off the Spanish coast yesterday, calls were being made for a reexamination of the laws governing international shipping, especially for...
OIL Ratings Affirmed
Oct 28 2002 // Standard & Poor’s Ratings Services affirmed its “A+” counterparty credit and financial strength ratings on OIL Insurance Ltd. (OIL) and removed the ratings from CreditWatch negative where they were...
Tanker Attack Terrorist Connection May Raise Rates
Oct 7 2002 // Authorities are examining the circumstances surrounding the explosion and fire that ripped through the French supertanker Limburg on Sunday morning in the Gulf of Aden off the coast of Yemen. While all but one of the crew...
Environmental-Res. Fuel Oil Tank
Sep 14 2002 // Nuts & Bolts: Zurich North America’s Environmental Group has launched its Home Environmental Protection program, which protects homeowners with residential fuel oil tanks. The coverage complements traditional...
Oil Ins. Ltd. on Watch Negative
Jun 10 2002 // S&P’s lowered its counterparty credit and financial strength ratings on Oil Insurance Ltd. to “A+” and placed the company on CreditWatch with negative implications because of catastrophe losses and a...
