Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Obama Budget Seeks Higher Taxes on Big Business
Feb 13 2012 // President Barack Obama’s 2013 budget proposal, released on Monday, calls for raising hundreds of billions of dollars from U.S.-based global companies, while ending cherished deductions and tax breaks for oil...
BP Wins Ruling Keeping Prior Accidents Out of Gulf Spill Trial
Feb 9 2012 // BP Plc won a court order to keep references to some previous accidents out of this month’s trial to assess blame for the 2010 Gulf of Mexico oil spill, the oil company’s second victory in as many days to bar...
BP Preparing ‘Vigorously’ As Start of Gulf Oil Spill Lawsuits Nears
Feb 7 2012 // BP said it was preparing “vigorously” for lawsuits related to its Gulf of Mexico oil spill, which are due to start later this month, as it unveiled a rise in fourth-quarter earnings boosted by higher oil prices...
BP Fails to Shift Gulf Oil Spill Costs to Transocean
Feb 6 2012 // Oil giant BP has lost its attempt to shift over $15 billion of costs related to the Gulf of Mexico oil spill onto contractor Transocean, increasing the possibility BP may have to foot the entire $42 billion clean up...
Increase in U.S. Tort Costs Driven by Gulf Oil Spill: Study
Feb 6 2012 // The April 2010 Deepwater Horizon drilling rig explosion and resulting oil spill in the Gulf of Mexico were the key drivers in the 5.1 percent increase in U.S. tort costs in 2010, according to a new report. The 2011...
BP Fails to Shift $15 Billion of Gulf Oil Spill Costs to Transocean
Feb 6 2012 // Oil giant BP has lost its attempt to shift more than $15 billion of costs related to the Gulf of Mexico oil spill onto contractor Transocean, increasing the possibility BP may have to foot the entire $42 billion cleanup...
Senate Bill on Iran Sanctions Targets Banks, Subsidiaries, Insurers
Feb 3 2012 // Banking transactions with Iran and financing for its oil shipments could come under tougher scrutiny after a bipartisan sanctions bill easily passed a key U.S. Senate Committee on Thursday. The Senate Banking Committee...
BP Emails Reveal Company Veiled Spill Rate
Feb 2 2012 // On the day the Deepwater Horizon sank, BP officials warned in an internal memo that if the well was not protected by the blow-out preventer at the drill site, crude oil could burst into the Gulf of Mexico at a rate of 3.4...
Halliburton Wins Ruling vs. BP Over Some Gulf Oil Spill Claims
Jan 31 2012 // A federal judge on Tuesday said Halliburton Co. is not liable for some pollution claims arising from the 2010 Gulf of Mexico oil spill, setting back BP Plc’s effort to hold other companies responsible for part of the...
Florida Lawmaker Warns on Damages If Cuba Oil Drilling Spills
Jan 30 2012 // Since the United States couldn’t stop Repsol from drilling for oil off Cuba’s coast, it should make the Spanish oil giant pay dearly for damages from any spill that threatens neighboring Florida, a...
Ex-BP Worker Files Whistleblower Suit Over Cleanup
Jan 30 2012 // A former BP employee has filed a whistleblower lawsuit against the company, claiming he was fired for airing concerns about the cleanup of Mississippi’s shoreline after the Gulf oil spill. In a federal suit filed...
Arctic Ice Melt Lifts Hopes for Russian Maritime Trade
Jan 27 2012 // When severe snowstorms prevented life-sustaining fuel supplies from reaching the frozen Alaskan town of Nome, U.S. officials turned to a Russian company for help. The relief mission through perilous, ice-choked seas was...
Increase in U.S. Tort Costs Driven by Gulf Oil Spill: Study
Jan 27 2012 // The April 2010 Deepwater Horizon drilling rig explosion and resulting oil spill in the Gulf of Mexico were the key drivers in the 5.1 percent increase in U.S. tort costs in 2010, according to a new report. The 2011...
BP Must Cover Some Transocean Gulf Oil Spill Damages
Jan 27 2012 // A federal judge on Thursday said BP Plc must indemnify Transocean Ltd. for some compensatory damage claims over the 2010 Gulf of Mexico oil spill. U.S. District Judge Carl Barbier, who oversees multistate litigation over...
BP Fails to Shift $15 Billion Gulf Oil Spill Costs to Transocean
Jan 27 2012 // Oil giant BP has lost its attempt to shift over $15 billion of costs related to the Gulf of Mexico oil spill onto contractor Transocean , increasing the possibility BP may have to foot the entire $42 billion clean up...
Analyst: BP to Agree to $20-25 Billion Gulf Oil Spill Settlement with Justice Dept.
Jan 19 2012 // BP is likely to agree to pay the U.S. Department of Justice $20-$25 billion to settle all charges around the Gulf of Mexico oil spill, according to a leading analyst, a prediction that is at least twice what the company...
Insurance Settlement Boosts Gains for McMoRan in Q4 2011
Jan 18 2012 // New Orleans-based independent petroleum producer McMoRan Exploration Co. posted a fourth-quarter profit on higher oil prices and a settlement of its 2008 hurricane insurance claims, the company reported Jan. 17. For the...
Willis Teams with Narec Capital to Boost Renewable Energy Coverage
Jan 17 2012 // Willis announced a new strategic alliance with clean energy financier Narec Capital, which it said would “unlock fresh opportunities for firms in the renewable energy market to develop and scale up technologies that...
Travelers Broadens Coverage and Raises Limits for Oil and Gas Risks
Jan 17 2012 // Travelers Oil & Gas has enhanced its EnergyPro Control of Well Care, Custody and Control coverage by increasing limits and broadening coverage. More contracts for specialized oil and gas field services, such as...
Company Cautions Against Linking Well, Ohio Quakes
Jan 13 2012 // Boos, applause and the occasional outburst marked a gathering of about 500 Ohio residents seeking explanations for a series of earthquakes that has hit their area since deep injection drilling came to town. At a news...
