Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
White House Oil Spill Report: Firms’ Decisions Saved Money, Raised Risk
Jan 5 2011 // BP and its partners made a series of cost-cutting decisions that ultimately contributed to the oil spill that ravaged the Gulf of Mexico coast over the summer, the White House oil spill commission said Wednesday. In its...
BP’s Gulf Spill Costs Look Manageable 8 Months Later
Dec 31 2010 // As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No more. Cleanup, government fines, lawsuits, legal fees and damage claims will likely exceed the $40...
BP’s Gulf Spill Costs Look Manageable 8 Months Later
Dec 30 2010 // As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No more. Cleanup, government fines, lawsuits, legal fees and damage claims will likely exceed the $40...
BP Oil Spill Fund Pays $43 Million in ‘Quick Pay’ Claims
Dec 28 2010 // The administrator of BP Plc’s $20 billion compensation fund has paid $43 million to residents of the U.S Gulf Coast who agree not to sue the company for damages stemming from the nation’s worst offshore oil...
Southeast’s Top Stories: Disasters That Happened and 1 That Didn’t
Dec 23 2010 // The top insurance stories in the Southeast in 2010 included several disasters that caused considerable death and destruction in the region and one that didn’t do as much harm as feared. The April 20 blowout of...
Top Brokers, Munich Re Pool Efforts to Expand Insurance for Oil Drilling
Dec 22 2010 // The world’s top three insurance brokers have joined reinsurer Munich Re to promote a major expansion in risk coverage for deepwater drilling in the wake of BP’s disastrous Gulf of Mexico spill last April. Their...
Feds Pursuing Fraud Charges Against Oil Spill Claimants in 5 States
Dec 21 2010 // A woman was indicted last week in the Eastern District of Louisiana for allegedly filing fraudulent claims for compensation due to the Deepwater Horizon oil spill. Four other individuals were also charged last week in...
Insurance Vital to Alabama Coast Long-Term Plan, Says Commission
Dec 21 2010 // Coastal Alabama should seize the BP Gulf oil disaster as an opportunity for “resiliency planning” that will not only help the region recover from the oil damage but also put it in a position to better recover...
New Jersey Moving to End Liability Cap for Offshore Spills
Dec 17 2010 // New Jersey is moving toward making polluters pay the full cost of cleaning up offshore spills. A bill to remove a cap on liability for oil and other spills into coastal waters was passed by the state Senate on Monday and...
Summary and Status of Gulf Oil Disaster Litigation
Dec 16 2010 // The U.S. Department of Justice has joined the hundreds of lawsuits that have been filed as a result of the Gulf of Mexico oil spill, the largest in U.S. history. The following is a summary of the legal cases stemming from...
U.S. Sues BP, Well Owners, Driller, Insurer for Gulf Oil Spill Damages
Dec 16 2010 // The Obama administration Wednesday launched a legal battle against BP Plc and its partners by suing them for the worst offshore oil spill in U.S. history, which could cost the companies billions of dollars. The lawsuit...
Alaska Loses Claim Against BP for Lost Taxes from 2006 Oil Spill
Dec 15 2010 // An Alaska judge has dismissed the state’s claim that BP owes several hundreds of millions of dollars in tax revenues the state claims it lost when the Prudhoe Bay oil field was partially shut down in 2006 because of...
U.S. Expected to Join Lawsuits Over Gulf Oil Disaster
Dec 14 2010 // The U.S. Justice Department is expected to announce as early as Wednesday its first significant legal action stemming from the BP oil spill in the Gulf of Mexico, a federal government source familiar with the matter...
Mississippi Casino Workers’ BP Oil Claims Get Second Look
Dec 13 2010 // The agency in charge of paying Gulf of Mexico oil spill claims is requesting information from casinos that could lead to payments to hundreds of gambling employees previously denied damage claims, the head of an industry...
Gulf Oil Spill Claimants Offered ‘Quick Pay’ Option
Dec 13 2010 // The administrator of BP Plc’s $20 billion fund to compensate U.S. Gulf Coast residents affected by the oil spill said Monday he would speed up the process by offering quick payments to those who waive their right to...
Mavraganis to Head Marsh’s Renewable Energy Business
Dec 6 2010 // Insurance broker Marsh appointed Peter Mavraganis as U.S. leader of its renewable energy practice. Mavraganis, based in New York, will oversee Marsh’s support for its clients in renewable energy development,...
Final Claims Process for BP Oil Disaster Victims Begins
Dec 5 2010 // The administrator of the $20-billion fund created by BP Plc to compensate Gulf of Mexico oil spill victims has announced plans for processing final payments. Kenneth Feinberg said in a news release that claimants have a...
White House Panel: Oil Industry Needs Safety Culture, Accountability
Dec 3 2010 // The White House oil spill commission Thursday challenged offshore drillers to boost safety standards, detailing proposals for the creation of an independent, self-regulating industry group and reform of government...
Qantas Moves to Take Rolls-Royce to Court over Engine Failure
Dec 2 2010 // Qantas stepped up pressure on Thursday on engine maker Rolls-Royce to settle damages related to an engine failure on one of its giant Airbus A380 aircraft, but said it would keep the door open for an out-of-court...
Group Says Canadian Firm Unprepared for Spill Response in Midwest
Dec 1 2010 // A lack of equipment and personnel has left TransCanada unprepared to deal with a major spill of crude oil on its Keystone pipeline system, according to a report by a nonprofit environmental group. The 60-page report from...
