Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Flooding in Indianapolis’ Lucas Oil Stadium Adds $5.6M to Cost
Jul 30 2008 // Flooding in Indianapolis’ Lucas Oil Stadium is expected to add more than $5 million to the cost of the new home of the Indianapolis Colts, officials said. The Indiana Stadium and Convention Building Authority...
Oil and Gas Group Earns $2.9M Texas Mutual Dividend
Jul 11 2008 // Texas Mutual Insurance Company announced a $2,903,340 dividend to the Texas Oil & Gas Association (TxOGA) workers’ compensation group discount program. The dividend was based largely on the group’s premium...
Supreme Court Rules $2.5 Billion Exxon-Valdez Damages Excessive
Jun 25 2008 // The Supreme Court Wednesday overturned the record $2.5 billion in punitive damages that Exxon Mobil Corp had been ordered to pay for the 1989 Exxon Valdez oil spill off Alaska. The nation’s highest court ruled that...
Montana High Court Rejects Compensation Board’s Lawsuits
Jun 9 2008 // The Montana Supreme Court has upheld a lower court’s rulings against the state Petroleum Tank Release Compensation Board. The board had sued four insurance companies for compensation for more than $2 million in...
International Energy Agency Urges $45 trillion ‘Energy Revolution’ to Halve CO2
Jun 6 2008 // World governments must quickly start a $45 trillion “energy technology revolution” that could drive up the cost of producing carbon ten-fold, or risk emissions surging by 2050, the West’s energy watchdog...
Willis Risk Manager Conference Examines Brazil, China Energy Sector
Jun 4 2008 // Willis recently hosted a conference of senior risk managers from the US oil and gas industry at its inaugural Global Risk Challenge seminar in Houston. They concentrated on finding out more about some of the major...
Insurance Companies Face Global Warming Claims
Jun 2 2008 // Corporations exposed to liability for greenhouse gas emissions The industry is about to enter an era of global warming insurance claims. Scientists have been warning about the impact global warming could have if greenhouse...
Marsh Reports on Power and Utility Companies’ Captives
May 29 2008 // Marsh has released a “benchmarking” report examining the use of captive insurance companies by power and utility companies in four regions: the US; Europe, the Middle East and Africa (EMEA); and, Asia...
Burn Victim Sues Owner of Tennessee Oil Well that Exploded
May 12 2008 // A man who was seriously burned when an Anderson County, Tenn. oil well exploded as he was driving past is suing the company and its owner for $4.5 million, claiming negligence. The well near Oliver Springs, Tenn., ignited...
European Utility Companies May be Underinsured, Warns Marsh
May 9 2008 // The “Marsh Power Forum” in Paris this week identified potential insurance problems for the industry. Marsh noted that “the combination of rising demand and insured costs in Europe’s electricity...
Strait of Hormuz: The Potential Economic Effects of a Disruption
Apr 25 2008 // A cargo ship contracted by the U.S. military fired on an Iranian vessel in Gulf waters on Friday, raising tension between Washington and Tehran in a region vital to world oil shipments. In January, the United States said...
Zurich Global Energy Creates Alternative Energy Team
Apr 23 2008 // Zurich Financial Services Group (Zurich) announced that Zurich Global Energy, a unit of the Global Corporate division, has created a cross-functional team to address the insurance needs of the growing alternative energy...
Willis Energy Chairman Analyzes Hazard Risk Management
Apr 17 2008 // Speaking at the recent World National Oil Companies Congress in London, Phillip Ellis, Chairman of Willis Energy, a division of Willis Group Holdings, presented hazard risk management as a guard against shocks that can...
Update: Tennessee Residents Try to Recover after Oil Well Explosion
Apr 8 2008 // Tennessee resident, Irene Daugherty, is home but still shaken after an oil well explosion just 60 yards from her front door melted the siding on her manufactured home and transformed the landscape into charred stumps and...
Arkansas Truckers Cite Fuel Prices, Park for a Day
Apr 3 2008 // Arkansas truckers parked their rigs on April 1 to have their say in a national protest over high fuel prices that independent operators say is putting them out of business. Dale Burri of Greenbrier, a driver for J.B. Hunt...
Tennessee Fines Oil Well Owner $50K after Fire Forced Evacuations
Mar 31 2008 // The operator of an Anderson County, Tenn. oil well that burned for nearly a week has been cited by the state for five violations and fined $50,000. According to the citation, Dan Potts was drilling too deeply and...
Update: Tennessee Oil Well Fire Doused, Residents Asked to Stay Away
Mar 27 2008 // A nearly week-old oil well fire in Anderson County, Tenn. was extinguished Tuesday, but officials worried about the danger of lingering natural gas vapors asked residents to stay away. A spokeswoman for the Environmental...
Singapore Air Again Grounds A380 for Fuel Pump Fault
Mar 26 2008 // Singapore Airlines said on Wednesday that it had to ground an Airbus A380 on Monday and transfer passengers to two smaller Boeing 747s bound for Sydney, after a fuel pump failed to work. This was the fourth incident in...
Feds Say Tennessee Failed to Give Timely Notice on Oil Well Fire
Mar 24 2008 // A U.S. Environmental Protection Agency official has told Anderson County residents that Tennessee officials did not inform them of an oil well fire in a timely manner. The well near Oliver Springs struck a huge pocket of...
Oil and Gas Extraction Market Holds Solid Potential
Mar 24 2008 // While the oil and gas market can be seen as including pipeline and distribution operations, petroleum and petroleum product wholesalers, fuel oil dealers and even gas stations, the dominant North American Industry...
