Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
Obama Tightens Sanctions on Banks Helping Iran Sell Oil
Aug 1 2012 // President Barack Obama announced new U.S. sanctions on Tuesday against foreign banks that help Iran sell its oil and said the measure would increase pressure on Tehran for failing to meet its international nuclear...
US Congressional Negotiators Reach Deal on New Iran Sanctions
Jul 31 2012 // U.S. lawmakers moved a step closer to finalizing new sanctions aimed at further restricting Iran’s oil revenues after negotiators from the Senate and House of Representatives agreed on a compromise bill on...
South Korea May Resume Iranian Crude Oil Imports Soon
Jul 27 2012 // South Korea may soon resume Iranian crude imports after having completely halted shipments in July because of a European Union ban on insuring tankers carrying oil from the Islamic Republic. A resumption would suggest top...
Oil Firms, Regulators Miss Major Accident Indicators: Gulf Spill Report
Jul 25 2012 // Transocean and BP, trade associations, and U.S. regulators largely judged the safety of offshore facilities by focusing on routine personal injury and fatality data such as dropped objects and trips and falls when they...
Iran Offers to Insure Foreign Ships to Skirt EU Ban
Jul 18 2012 // Iran said it would insure any foreign ships that enter its waters, in an effort to skirt a European Union ban on insuring ships carrying Iranian crude that has hampered the country’s oil exports. “The Islamic...
New Law on BP Oil Spill Promises States More in Restoration Monies
Jul 16 2012 // U.S. Gulf Coast states have a higher stake in the amount of money the U.S. government can wring out of BP Plc for the 2010 Deepwater Horizon oil spill due to a new law that would divert billions of dollars in potential BP...
South Korea Considering Resuming Iran Oil Imports: Gov’t. Sources
Jul 13 2012 // South Korea will soon decide on whether to resume Iranian crude imports after Tehran offered to ship and insure the oil to get around the impact of EU sanctions, two Korean government sources said on Friday. The EU oil...
NTSB: Neglect, Inaction Caused Huge Michigan Oil Spill
Jul 13 2012 // The National Transportation Safety Board has approved the findings of its investigators that Canadian company Enbridge Inc.’s neglect of pipeline cracks and its slow response likely caused the most expensive onshore...
Iran Oil Shipments Skirting Tanker Insurance Ban
Jul 12 2012 // Iran is shipping oil to China, its top buyer, despite a row over freight terms, and Japan has taken steps to resume imports in August as Tehran finds ways to get around Western sanctions on ship insurance for its...
Japan Insurers Expand Cover to Boost Iran Oil Shipping Capacity
Jul 11 2012 // Japanese insurers are expanding their maritime coverage to allow more domestic tankers to transport Iranian crude, as Tokyo looks to keep oil flowing despite tough Western sanctions, industry sources said on...
US Lawmaker Asks Tuvalu to Stop Reflagging Iran Oil Tankers
Jul 10 2012 // A prominent U.S. lawmaker has asked the small South Pacific island nation of Tuvalu to stop reflagging Iranian oil tankers and warned its government of the risks of running afoul of U.S. sanctions. The European Union...
US Grants Iran Sanctions Exceptions to China, Singapore
Jun 29 2012 // The United States gave China a six-month reprieve from Iran financial sanctions on Thursday, avoiding a diplomatic spat with a country whose support it needs to try to quell violence in Syria and rein in Tehran’s...
So. Korea to Halt Iran Oil Imports as EU Insurance Ban Bites
Jun 26 2012 // South Korea became the first major Asian consumer of Iranian crude to announce a halt to imports after the government said they would be suspended from July 1 due to a European Union ban on insuring tankers carrying...
Tropical Storm Debby Drenches Florida
Jun 26 2012 // Tropical Storm Debby whipped Florida with bands of drenching rain Monday while its center was nearly stationary in the Gulf of Mexico. Its slow progress meant the most pressing threat from the storm was flooding, not...
Main Points of Agreement from Rio+20 Summit Show Little Progress
Jun 25 2012 // Global leaders on Friday wrapped up a United Nations development summit with little to show but a lackluster agreement, as critics scorned governments for showing no urgency to tackle climate change as well as food and...
Much of Kalamazoo River to Open, 2 Years After Spill
Jun 25 2012 // Nearly all of the Kalamazoo River is being reopened for recreational use and the cleanup of a massive oil spill nearly two years ago is in its final stages, federal, state and local officials announced on June...
Storm Threat Prompts Oil Companies to Evacuate Some Gulf Staff
Jun 22 2012 // Energy companies began evacuating non-essential personnel from operations in Gulf of Mexico on Friday due to the threat of a weather system in the region developing into a tropical cyclone. Anadarko Petroleum Corp. and...
Oil Market Shrugs at Imminent Iran Tanker Insurance Ban
Jun 18 2012 // In less than two weeks, Iran’s biggest oil buyers will lose access to the London-based insurance market that protects 95 percent of the world’s tanker shipments against oil spills or catastrophic...
New Gulf Oil Spill Claims Process to Begin
Jun 18 2012 // Thousands of victims of BP’s 2010 Gulf oil spill will participate in a new process for economic-loss and medical claims associated with the accident. The Deepwater Horizon Claims Center, run by court-appointed...
The Next New Thing
Jun 18 2012 // Coverage Issues from Fracking Claims Every few years there are predictions of a new type of claim that threatens to engulf carriers. In the 1980s and 1990s it was environmental clean up claims and SuperFund, followed...
