Latest Energy Headlines
All the headlines from our Energy Topic Page, ordered by recency.
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...
New Gulf Oil Spill Claims Process Begins
Jun 18 2012 // Thousands of victims of BP’s 2010 Gulf oil spill can participate in a new process for economic-loss and medical claims from the accident. The Deepwater Horizon Claims Center, run by court-appointed administrator...
Ex-BP Engineer Faces Feb. Trial Tied to Oil Spill
Jun 15 2012 // A former BP Plc engineer who is the first individual to face criminal charges related to the 2010 Gulf of Mexico oil spill has been scheduled to face a jury trial on Feb. 25, a U.S. federal judge decided. Kurt Mix, the...
Report: Japan to Pass Bill to Insure Iran Oil Imports
Jun 14 2012 // Japan’s lower house is set to pass a bill on Friday to provide government guarantees on insurance for Iranian crude cargoes, making it the first of Iran’s big Asian buyers to find a way to keep the oil flowing...
Iran’s Oil Exports Plummet as Sanctions Bite Says IEA
Jun 13 2012 // Iran’s oil exports have fallen by an estimated 40 percent since the start of the year as Western sanctions tear into the country’s vital oil industry, the International Energy Agency said on Wednesday. The...
Iran Tanker Firm Says it Insured Ships Despite Sanctions
Jun 13 2012 // Iran’s biggest tanker operator, NITC, has $1 billion in ship insurance cover to keep its fleet on the water and serve clients in Asia despite Western sanctions on the Islamic Republic’s oil trade, a senior NITC...
Costner Downplays Baldwin’s Role in BP Deal
Jun 12 2012 // Kevin Costner has testified he never saw actor Stephen Baldwin contribute anything to their company’s efforts to sell oil cleanup devices to BP in the aftermath of the 2010 spill in the Gulf of Mexico. Baldwin and...
