Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Stricken Oil Tankers Show Risks of Russia’s Aging ‘Shadow Fleet’
Dec 16 2024 // Russian authorities sought to limit the damage on Monday from oil spilled into the Kerch Strait by two aging tankers that were damaged during a heavy weekend storm, highlighting the environmental and insurance risks of...
70,000 Gallons of Oil Spilled in Wisconsin Pipeline Leak
Dec 16 2024 // OAKLAND, Wis. (AP) — Roughly 70,000 gallons (264,978 litres) of oil from a pipeline spilled into the ground in Wisconsin, officials said. The problem was discovered Nov. 11 in Jefferson County, 60 miles (96.5 kilometers)...
Ukraine Identifies Tankers It Says Are in Russia’s Shadow Oil Fleet
Dec 13 2024 // Ukraine identified 238 tankers it said belong to a shadow fleet of ships that Russia is using to keep its oil and fuels moving around the world — with a view to western authorities sanctioning the carriers. The Military...
Shell Settles Lawsuit Against Greenpeace Over Activists Boarding Oil Vessel
Dec 11 2024 // British oil and gas major Shell on Tuesday settled a London lawsuit it brought against environmental group Greenpeace after activists boarded a Shell oil production vessel last year. Greenpeace said it had agreed to pay...
Insurers’ Climate Losses Almost Match Premiums From Fossil Fuels
Dec 10 2024 // Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 billion of direct premiums they underwrote for commercial fossil-fuel clients in 2023, according to Insure Our...
Environmentalists Headed to Court Over Proposed Oil Well in Florida Watershed
Dec 10 2024 // TALLAHASSEE, Fla. (AP) — Environmentalists are heading to court to try to stop a plan to drill for oil in the watershed of a vulnerable north Florida river. The challenge brought by the conservation group Apalachicola...
Tank Containing Oil Drilling Byproducts Explodes Near GM Plant in Michigan
Nov 27 2024 // BRIGHTON Mich. (AP) — A tank containing byproducts from oil drilling operations exploded and caught fire Tuesday near the General Motors Proving Ground in southeastern Michigan, damaging two nearby homes but causing no...
Maine Joins States Suing Big Oil to Recover Costs of Climate Change ‘Deception’
Nov 27 2024 // Maine Attorney General Aaron Frey has filed suit in state court against Exxon, Shell, Chevron, BP, Sunoco, and the American Petroleum Institute for allegedly “deceiving Mainers for decades about the role of their...
Texas Public Utility Commission Reports on CenterPoint Energy’s Beryl Response
Nov 26 2024 // When Hurricane Beryl swept through southeast Texas on July 8, its damaging 80-mile-per-hour winds took down thousands of trees and knocked out much of the electricity system. More than 2.6 million Texas power customers...
Secret Russian Oil Switching Gets New Greek Hotspot After Drills
Nov 25 2024 // The secret switching of Russian fuel cargoes between tankers at sea has migrated to new hotspots off the coast of Greece after the European country used naval drills to try and block the activity in one location. About 1...
UK Expands Sanctions Against Russian Oil Fleet and Its Insurers
Nov 25 2024 // The UK government expanded its sanctions against Russia’s energy industry on Monday, blacklisting dozens of tankers responsible for moving the nation’s oil as well as two insurers involved in the trade. The...
Plains All American Agrees to Pay $73M to Settle California Oil Spill Lawsuit
Nov 13 2024 // Plains All American Pipeline has agreed to pay $72.5 million to settle a lawsuit over the 2015 Refugio Beach oil spill in Santa Barbara, a filing showed on Tuesday. The spill occurred after a pipeline, which ran across...
Renewable Energy Offers a Cost and Opportunity to Insurance Sector
Nov 7 2024 // Policyholders in the renewable energy insurance market are paying between 20%-40% more for cover today than a year ago as insurers seek to recover the cost of “devastating claims” in regions hit by natural...
About 17% of Gulf of Mexico Oil Production Shut Due to Hurricane Rafael
Nov 7 2024 // About 17% of crude oil production and 7% of natural gas output in the U.S. Gulf of Mexico was shut in response to Hurricane Rafael, the U.S. Bureau of Safety and Environmental Enforcement said on Wednesday. Energy...
Dark Fleet Oil Tanker Caught in Recent Collision Heads to China
Oct 24 2024 // A dark-fleet oil tanker that was recently involved in a crash in Southeast Asia is now on its way to China. Ceres I, an aging very-large crude carrier that’s suspected of transporting sanctioned oil, is en route to...
Honda Recalling 780,000 Vehicles in North America on Fuel Pump Concern
Oct 23 2024 // Honda is recalling 780,000 vehicles in North America over concerns that a high-pressure fuel pump may crack and leak fuel. A fuel leak in the presence of an ignition source could increase the risk of a fire, the automaker...
The Secretive World of Russian Oil Tanker Insurance Revealed
Oct 22 2024 // One of the energy market’s open questions since Russia’s invasion of Ukraine has been who’s insuring the tankers moving Moscow’s petroleum against the risk of a catastrophic oil spill. The answer is...
US Watching Dark Fleet Ship-to-Ship Oil Transfers in Asia Waters
Oct 22 2024 // The US is paying close attention to the “dark fleet” of tankers carrying restricted oil and doing ship-to-ship transfers in Southeast Asian waters, the State Department’s top energy official...
Appeals Court Says Experts Must Show Causal Relationship in BP Oil Workers’ Suits
Oct 22 2024 // A federal appeals court has underscored the high bar that expert witnesses must meet before a court can connect the dots between exposure and illness, a ruling that could have an impact on insurance claims and toxic tort...
UK Working to Challenge Russian Shadow Oil Tanker Insurance
Oct 18 2024 // The UK said three government bodies are working together to challenge Russian shadow fleet oil tankers if it perceives they have dubious insurance. An announcement from the country’s Foreign, Commonwealth and...
