Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
BP Loses Bid to Halt Payments to Seafood Workers
Feb 26 2014 // BP Plc lost a bid to have a judge suspend about $1.3 billion in payments to seafood-industry workers who are part of the 2010 Gulf of Mexico oil spill settlement because of alleged improprieties by a lawyer involved in the...
U.S. to Mandate Tests of Oil Being Transported by Train
Feb 26 2014 // Federal regulators issued an emergency order on Tuesday requiring oil from North Dakota being loaded onto trains to be tested and properly labeled to reflect its volatile nature after a series of explosive train...
Investors, Including Allianz, Mount Attack on Norway in $20 Billion Oil & Gas Row
Feb 26 2014 // Allianz SE, Abu Dhabi’s wealth fund and firms including Statoil ASA have mounted a multi-pronged battle against Norway to defend revenue and oil- and gas- industry projects valued at $20 billion. Owners in gas...
Report: Texas Accounts 40% of U.S. Oil Field Deaths
Feb 24 2014 // Texas accounted for about 40 percent of the 663 workers the U.S. Bureau of Labor Statistics said were killed nationwide in oil field-related industries between 2007 and 2012, according to a Houston Chronicle investigation...
Industry Agrees to New Oil-by-Rail Safety Measures
Feb 24 2014 // Many oil-by-rail shipments will slow down through urban areas and track inspections will increase on high-traffic areas in response to a string of fiery derailments in the last several months, the American Association of...
Canadian Pacific Follows CN; Will Impose Surcharge on Older Oil Tank Cars
Feb 18 2014 // Canadian Pacific Railway Ltd is slapping a surcharge on customers who transport crude in older tank cars, following its larger rival in seeking to deter shippers from using the model involved in a series of fiery...
Court Revives Lawsuit Against BP Over Alaska Oil Spill Statements
Feb 14 2014 // A U.S. appeals court on Thursday revived a shareholder lawsuit against BP PLC over statements the company made in the wake of a 2006 oil spill in Alaska. The ruling from the 9th U.S. Circuit Court of Appeals in San...
Crude Oil Train Derails in Western Pennsylvania
Feb 13 2014 // A Norfolk Southern Corp. train carrying crude oil derailed in Vandergrift in western Pennsylvania on Thursday, the company confirmed. There were as yet no reports of injuries or fire at the scene, after twenty-one tank...
BP Moves Ahead with Medical Payments Under $9.2B Oil Spill Settlement
Feb 13 2014 // BP Plc. won the right to move ahead with implementing the medical-benefits portion of its $9.2 billion settlement of oil spill claims with Gulf Coast residents after an appeals court dismissed the remaining plaintiffs at...
Canadian National Railway Raises Rates for Using Older Oil Tank Cars
Feb 13 2014 // Canadian National Railway is charging shippers more to transport crude oil in older tank cars, one of the first signs that rail operators are actively discouraging use of the type of cars involved in several dramatic...
Competing Bills to Address Safety of Oil Transport In Washington
Feb 12 2014 // Washington state lawmakers are considering competing measures that try to address potential risks as more crude oil is shipped by rail into the state. The Senate Ways and Means Committee heard testimony on a mostly...
Canadian Oil Train Derails, Spills in Mississippi
Feb 2 2014 // A Canadian National Railway Co. train carrying fuel oil and other hazardous materials derailed and was leaking in southeast Mississippi on Friday, forcing the evacuation of nearby residents, officials said. No one was...
N.Y. Gov. Orders Agencies to Review Emergency Response Plans for Oil Trains
Jan 29 2014 // New York Governor Andrew Cuomo on Wednesday ordered state agencies to review and update emergency response plans for rail shipments of crude oil that pass through the state in the wake of recent derailments out of North...
Iran Oil-Shipping Insurance Seen Unusable on Lack of Clarity
Jan 29 2014 // Insurance for tankers to export Iranian crude may be unusable even after the U.S. and the European Union eased sanctions against the Persian Gulf state, a group covering vessel owners said. Ship owners hauling Iran’s...
Oil Train Catastrophe Risk Weighs on Insurers: Kemp
Jan 28 2014 // In the event of a mass-casualty accident involving the derailment of a crude-carrying train in a densely populated urban area, who would be responsible for the compensation for deaths, injuries, damage to property and...
U.S., Canada Officials Say Tougher Oil Train Safety Rules Needed
Jan 27 2014 // Warning that a “major loss of life” could result from an accident involving the increasing use of trains to transport large amounts of crude oil, U.S. and Canadian accident investigators urged their governments...
Canada, U.S. Safety Agencies Urge Fast Action on Oil-by-Rail Cars
Jan 24 2014 // North American regulators should phase out the type of rail car involved in last July’s deadly Lac-Megantic crash “sooner rather than later,” Canadian investigators said on Thursday, urging the United...
Texas House Subcommittee to Study Quakes in Oil, Gas Producing Areas
Jan 21 2014 // The chairman of the Texas House Committee Energy on Energy Resources has set up a team of lawmakers to investigate earthquakes in oil and gas regions. Chairman Jim Keffer named three Republicans and one Democrat to the...
Car Use No Longer Growing in Developed World, But Why?
Jan 20 2014 // Car use appears to have leveled off and even started falling in many of the world’s advanced economies long before the global downturn in 2008, according to transport experts. The slowdown brings to an end several...
Why BP May Regret Aggressively Challenging Oil Settlement Payments
Jan 17 2014 // A year after agreeing to a multi-billion dollar settlement with victims of the 2010 Gulf oil spill, BP is aggressively challenging terms of the deal in a legal strategy that could backfire with the judge who will rule on...
