Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
BP Oil Spill Claims Fund Alters Some Payment Rules
Feb 22 2011 // The administrator of BP’s $20 billion Gulf oil spill fund announced new rules on how final payments will be determined in the highly criticized claims process, but the central payment formula remained unchanged from...
BP Claims Fund Placed Under Judicial Oversight
Feb 21 2011 // Kenneth Feinberg, the administrator of BP Plc’s fund to compensate victims of last year’s oil spill, could be forced to revamp dramatically how he handles claims now that the fund has come under the...
Iran Oil Tanker Operator Says Ship Insurers Decline to Renew Coverage
Feb 18 2011 // Iran’s biggest crude oil tanker operator, NITC, said on Friday that its club of ship insurers had declined to renew policy cover for the coming year due to the impact of tightening sanctions in the European...
Shippers Say Somali Piracy Threat Worsening by the Week
Feb 18 2011 // Somali piracy is worsening by the week and governments lack the political will to tackle the crisis, which is threatening world trade routes, shipping industry officials said on Friday. Shippers have warned that more than...
BP Workers Might Have Prevented Rig Accident If Consulted: Report
Feb 18 2011 // BP had workers on the doomed Deepwater Horizon rig who could have prevented the missteps that led to the massive Gulf of Mexico oil spill, but they were not consulted, the White House oil spill commission said on...
Mississippi Gov. Barbour Says BP Oil Spill Was Preventable
Feb 17 2011 // Mississippi Gov. Haley Barbour said that the Gulf Coast oil spill occurred because the companies involved deviated from industry standards, not because of the inherent risk of drilling offshore. “I think the biggest...
Suit Claims BP Official Quit Over Safety Issues Before Gulf Disaster
Feb 16 2011 // A former official with BP’s drilling operations in the Gulf of Mexico resigned just months before last year’s oil spill because of disagreements with the oil giant over its commitment to safety, according to a...
Ecuador Court Orders Chevron to Pay $8.6 Billon; Company to Appeal
Feb 15 2011 // A court in Ecuador’s Amazon told Chevron Corp Monday to pay $8.6 billion in environmental damages, but the U.S. oil company vowed to fight on in a lawsuit seen as a global test case. Chevron said it would appeal,...
Louisiana Presses BP for Oyster Money
Feb 11 2011 // Louisiana’s congressional delegation is asking BP to help Louisiana’s oyster industry immediately. In November, Louisiana asked BP PLC to give it $15 million so the state could start repairing oyster beds...
Florida CFO Atwater Seeks Claimants’ Feedback on BP Oil Claims
Feb 11 2011 // Florida Chief Financial Officer Jeff Atwater is asking the state’s business community and BP oil spill claimants for their input regarding the claims handling process of the Gulf Coast Claims Facility. Specifically,...
Munich Re Marine Head Warns Against Arms Race to Combat Pirates
Feb 11 2011 // Installing sharpshooters on oil tankers to fight off pirates as some shippers have suggested risks provoking more aggressive attacks, a senior executive at reinsurer Munich Re warned. Shipping firms are debating adding...
Judicial Oversight Could Mean Changes for BP Claim Fund
Feb 10 2011 // Kenneth Feinberg, the formerly freewheeling administrator of BP Plc’s fund to compensate victims of last year’s oil spill, could be forced to revamp dramatically how he handles claims now that the fund has come...
Pirates Hijack U.S.-bound Oil Tanker off Oman
Feb 10 2011 // Suspected Somali pirates captured a U.S.-bound tanker carrying around $200 million worth of crude oil in the Indian Ocean on Wednesday in one of the biggest hijackings in the area so far. The Irene SL, the length of three...
Hijacked Oil Tanker Headed towards Somalia
Feb 8 2011 // Pirates using guns and rocket propelled grenades hijacked an Italian oil tanker in the Indian Ocean on Tuesday, Italian Navy and European Union officials said, adding the medium-sized ship was heading towards...
Declarations
Feb 7 2011 // Seeking Revenue “Given the difficult economy, it is understandable why the city of Sacramento is looking for new revenue sources. However, putting this burden on out-of-town drivers is unfair.” —Sam Sorich,...
Declarations
Feb 7 2011 // Oil Spill Prevention “We must ensure that we have systems in place in our government and in the industry so that this cannot happen again.” —U.S. Senate Energy and Natural Resources Commission Co-Chair Sen....
Claims Chief Feinberg Says Gulf to Recover from BP Oil Spill by 2012
Feb 4 2011 // The Gulf of Mexico should recover from the massive BP oil spill by the end of 2012, the administrator of the $20 billion victims compensation fund said. By that time, most of the harmful effect of the worst offshore oil...
Judge Finds Claims Fund Chief Feinberg Not Independent of BP
Feb 3 2011 // The administrator of BP Plc’s $20 billion fund to compensate victims of the Gulf oil spill is not independent and the oil company must refrain from calling him “neutral,” a federal judge ruled on...
91,000 Gulf Oil Spill Claimants, BP Partner Gets Only Final Payment
Feb 2 2011 // BP’s compensation fund for Gulf oil spill victims has issued a final settlement payment to just one of the thousands of people and businesses waiting for checks, records show, and that $10 million payout went to a...
Mississippi AG Asks Court to Intervene in BP Oil Spill Claims Fund
Feb 2 2011 // U.S. courts must compel the administrator of BP’s $20 billion oil spill fund to meet his legal obligations and stop short-changing victims of the Gulf of Mexico disaster, Mississippi said on Tuesday. Until now,...
