Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Cyclone Heidi Shuts Australian Iron Ore Ports, Oil Fields
Jan 11 2012 // A tropical cyclone bearing down on Western Australia forced the closure of some of the world’s largest iron ore ports and several offshore oil fields on Wednesday, the first major series of shutdowns in what is...
Grounded Cargo Ship Breaks Apart on New Zealand Reef
Jan 9 2012 // A cargo ship grounded off the New Zealand coast since October has split in two, spilling sea containers and debris and sparking fears of a fresh oil spill, maritime officials said Sunday. The wreck of the Greek-owned Rena...
Ecuador Plaintiffs to Seek Damages from Chevron Abroad
Jan 5 2012 // Ecuadorean plaintiffs who won an $18 billion environmental case against Chevron Corp will pursue legal action against the company overseas in a bid to collect the damages, their lawyer said on Wednesday. An appeals court...
Ecuador Court Upholds $18 Billion Judgment against Chevron
Jan 4 2012 // An Ecuadorean appeals court on Tuesday upheld a ruling that Chevron Corp should pay $18 billion in damages to plaintiffs who accused the U.S. oil giant of polluting the Amazon jungle and damaging their health. A local...
San Francisco Public Utilities Commission’s Luthi Named 2012 President Of RIMS
Jan 3 2012 // RIMS (the Risk and Insurance Management Society Inc.) on Tuesday announced that Deborah M. Luthi will lead the society as president for the 2012 term, effective January 1. Luthi is the enterprise risk manager for the San...
Russian Oil Rig Sinks; More than 50 Feared Dead
Dec 19 2011 // A drilling rig with 67 crew on board capsized and sank off Russia’s far eastern island of Sakhalin on Sunday while being towed through a winter storm, leaving more than 50 dead or missing in the icy Sea of...
Chevron Lawsuit Flags Brazil Investment Risks
Dec 16 2011 // A $10.6 billion lawsuit against U.S. oil company Chevron and rig contractor Transocean could further cool an increasingly chilly investment climate in Brazil’s natural resources industry. The lawsuit, filed as a...
Alabama Judge Grants Probation to 4 in Oil Spill Claims Fraud
Dec 14 2011 // Four people will spend five years on probation after being convicted of pocketing money from Gulf oil spill claims. The Press-Register reported that U.S. District Judge William Steele also ordered the four to pay back...
BP Accuses Halliburton of Destroying Gulf Spill Evidence
Dec 6 2011 // BP Plc accused Halliburton Co. of destroying evidence that the oilfield services company did inadequate cement work on the Gulf of Mexico oil well that blew out last year, and asked a federal judge to punish...
Massachusetts Utility Regulators Probe October Storm Response
Dec 5 2011 // Massachusetts regulators are preparing to hold public hearings in Springfield and East Longmeadow as they investigate how utility companies responded to the October snowstorm that knocked out power to thousands for...
Vehicle Accidents Rising in N.D. Oil Boom Town
Dec 5 2011 // Authorities in the city that serves as the hub for North Dakota’s oil activity say vehicle accidents are on the rise. Statistics released by police in Williston show there were nearly twice as many accidents reported...
Judge: Transocean Insurance not Available to BP for Oil Spill
Dec 5 2011 // States May Pursue Punitive Damages Against BP and Others. BP has lost two big rulings in its fight to shield itself from potentially having to pay billions of dollars more in damages related to the worst offshore oil spill...
BP Can’t Use Transocean Insurance for Gulf Spill
Dec 5 2011 // A federal judge rejected BP Plc’s bid to use insurance coverage from Transocean Ltd to cover costs stemming from last year’s record oil spill in the Gulf of Mexico. The decision by U.S. District Judge Carl...
Renewable Energy Sector Presents Rising Risks, Demand for Insurance
Nov 30 2011 // The renewable energy sector needs to improve risk management and access alternative sources of capital as operational risks rise and governments cut funding due to the uncertain economic environment. Based on a survey of...
Vehicle Accidents on the Rise in North Dakota Oil Boom Town
Nov 23 2011 // Authorities in the city that serves as the hub for North Dakota’s oil activity say vehicle accidents are on the rise. Statistics released by police in Williston show there were nearly twice as many accidents reported...
Thanksgiving Day is Top Day For Cooking Accidents
Nov 23 2011 // Serafino Alfe was deep-frying turkeys for an annual fundraiser dinner recently and ended up at the Loyola Burn unit with third-degree burns – the worst – on his leg. “I tripped and fell right into the...
Chevron Takes Full Responsibility for Brazil Oil Spill
Nov 21 2011 // U.S. oil company Chevron will fully clean up a spill off Brazil’s coast, George Buck, the CEO of the local subsidiary said on Sunday, taking responsibility for an accident that has become a major test for one of the...
Pipelines at Risk of Failure in Montana, Wyoming
Nov 17 2011 // Federal safety regulators disclosed problems Tuesday with oil and other hazardous liquid pipelines at seven major river crossings and hundreds of smaller crossings in Montana and northern Wyoming, problems that could put...
UK’s Huber Dixon, Sterling Offer Renewable Energy Coverage
Nov 16 2011 // The UK’s Huber Dixon, in partnership with Sterling Insurance Group, are now providing renewable energy cover to their specialist household and commercial customer base. The announcement explained that “Huber...
