Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
British Petroleum to Pay More Than $370M for Violations in U.S.
Oct 26 2007 // British Petroleum and several of its subsidiaries have agreed to pay approximately $373 million in fines and restitution for environmental violations, the U.S. Department of Justice announced. The sanctions stem from a...
S.C. Clam Farmers Settle for $1.8 Million Following Oil Spill
Oct 22 2007 // More than a dozen South Carolina clam farmers who claimed most of their crop was spoiled by an oil spill five years ago have settled a lawsuit with a shipping line and a dredging firm for nearly $1.8 million. Under the...
In the oil and gas sector, all policies are not the same
Aug 6 2007 // In previous articles on this subject I have preached the virtues of watching out for the four “C’s” of insurance protection for the oil and gas operator — contracts, coverages, costs and claims...
In the oil and gas sector, all policies are not the same
Aug 6 2007 // In previous articles on this subject I have preached the virtues of watching out for the four “C’s” of insurance protection for the oil and gas operator — contracts, coverages, costs and claims...
In the oil and gas sector, all policies are not the same
Aug 6 2007 // In previous articles on this subject I have preached the virtues of watching out for the four “C’s” of insurance protection for the oil and gas operator — contracts, coverages, costs and claims...
In the oil and gas sector, all policies are not the same
Aug 6 2007 // In previous articles on this subject I have preached the virtues of watching out for the four “C’s” of insurance protection for the oil and gas operator — contracts, coverages, costs and claims...
In the oil and gas sector, all policies are not the same
Jul 23 2007 // In previous articles on this subject I have preached the virtues of watching out for the four “C’s” of insurance protection for the oil and gas operator — contracts, coverages, costs and claims...
Few Kan. Residents Covered by Flood Insurance
Jul 16 2007 // While his flooded neighbors faced an uncertain future, homeowner Bob Foust was already well under way this week repairing the water damage to his house upstream of the refinery’s oil spill. Not only did his house...
Ratings Recap; OIL; Talanx; HDI; Trust; AUGI; Fuji Fire, Pioneer (NZ)
Jul 13 2007 // Standard & Poor’s Ratings Services has affirmed its ‘A-‘ counterparty credit and financial strength ratings on Oil Insurance Ltd. (OIL) and removed them from CreditWatch with negative implications,...
Texas Oil and Gas Contracting Firm Indicted for Workers’ Comp Fraud
Jul 10 2007 // Texas Mutual Insurance Company reported that a Travis County grand jury indicted ZIPCO Services Inc. and its owner, Jerry Don Calicutt, on workers’ compensation fraud-related charges. The indictments allege that...
N.H. Oil Firm Blames Shutdwn on Unpaid Insurance Bill
Jun 25 2007 // New Hampshire customers who were stranded after their oil company shut its doors in April confronted the company’s owners last Friday at a creditors’ hearing in Concord. Rumford Energy closed without warning,...
Appeals Court Gives Mass. Anti-Oil Spill Law Another Chance
Jun 25 2007 // In a case stemming from a devastating oil spill, a federal appeals court in Boston sided with environmentalists and ordered a new hearing on a Massachusetts law aimed at preventing such disasters. The Legislature passed...
Oil Industry Develops New Safety Standards for Hazardous Worksites
Jun 22 2007 // An oil industry trade group said it has developed standards to better protect workers from explosions like the 2005 BP refinery in Texas explosion that killed 15 people and injured 170. The American Petroleum...
Unsafe Work Conditions Caused Fatal Miss. Explosion, Feds Say
Jun 14 2007 // Unsafe work conditions contributed to a deadly oilfield explosion in Smith County, Miss., in 2006, the U.S. Chemical Safety Board said this week. The board, an independent federal agency charged with investigating...
S&P Raises Neftepolis Outlook to Positive; Affirms ‘B+’ Ratings
Jun 7 2007 // Standard & Poor’s Ratings Services has revised its outlook on Russia-based insurer Neftepolis Insurance Co. LLC to positive from stable, “as a result,” said the announcement, “of closer...
U.S. Oil Industry Preps for Gulf Storm Season
May 30 2007 // If you think gasoline prices are high now, consider the eye-popping possibilities if another monster storm pummels the Gulf of Mexico this hurricane season, the way Katrina and Rita battered the petroleum-rich waters in...
S&P Places OIL Ratings on Watch/Neg
Apr 25 2007 // Standard & Poor’s Ratings Services has placed its “A-” counterparty credit and financial strength ratings on Oil Insurance Ltd. (OIL) on CreditWatch with negative implications. “The CreditWatch...
Okla. Royalty Owners: Tort Reform Bill Would Keep Most Out of Settlements
Apr 24 2007 // Oklahoma’s landscape is in constant motion with the activity of oil wells, their seesaw-like movements pumping oil and natural gas to the surface and fueling the state’s economy. Oil wells are also a source of...
News Currents
Apr 23 2007 // High gas prices won’t put a damper on travel and watersports Water sports enthusiasts, motorcyclists and RV roadsters aren’t going to let high gas prices ruin their summer fun. They are willing to “pay to...
OIL AND GAS RISKS
Apr 9 2007 // IDENTITY THEFT High loss in low-tech crime SHAKY FOUNDATION? Earthquake Authority losing funding
