Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
South Korea Sends Destroyer After Pirates Seize Oil Tanker
Apr 6 2010 // South Korea has sent a destroyer to intercept a supertanker carrying as much as $170 million worth of crude oil that was seized by Somali pirates, officials said on Monday. The South Korean-operated, Singapore-owned Samho...
Korean Oil Tanker Believed Hijacked by Somali Pirates
Apr 5 2010 // South Korea’s Foreign Ministry said a South Korean-owned oil tanker with 24 sailors aboard is believed to have been hijacked by Somali pirates. The ministry said the hijacking is thought to have occurred on Sunday...
Insurers Disagree With Calif. Over Divesture of Iranian Investments
Mar 29 2010 // California Insurance Commissioner Steve Poizner announced that 460 insurers have agreed in writing to a moratorium on future investments in 50 companies identified by the California Department of Insurance (CDI) to be...
Buzzards Bay Oil Spill Lawsuit Set to Start
Mar 23 2010 // A lawsuit brought by Massachusetts residents who say their property values dropped after a barge spilled nearly 100,000 gallons of oil in Buzzards Bay in 2003 is scheduled to start. The New Bedford Standard-Times reports...
Countries Raise Security in Malacca Strait after Terror Warning
Mar 5 2010 // Malaysia and Indonesia said on Thursday they are stepping up security in the Strait of Malacca, one of the world’s busiest shipping lanes, following the Singapore navy’s warning of possible attacks on oil...
Maritime Terrorism Could Have Global Economic Impact
Mar 5 2010 // Singapore said on Friday it had raised alert levels in the city-state and beefed up security at its airport and new casino resorts after a warning of possible attacks on oil tankers in the Malacca Strait. [See IJ web site...
Houston’s Berkley Oil & Gas Adds 3 in Executive Positions
Feb 24 2010 // Houston-based energy insurance products and services provider Berkley Oil & Gas Specialty Services LLC has announced three executive appointments. Nancy R. Zoril was added as vice president and underwriting officer;...
California Continues To Evaluate Insurers’ Iranian Investments
Feb 11 2010 // California Insurance Commissioner Steve Poizner has released a list of 50 companies doing business in the Iranian oil and natural gas, nuclear and defense sectors, and announced that as of March 31, 2010, no investments...
Marsh Sees Lower Risk Costs for National Oil Companies
Feb 1 2010 // “The world’s national oil companies (NOCs) could be in a position to benefit from lower overall costs of risk over the next few years,” according to an analysis from Marsh. A reduction in the number of...
Georgia Chief Offers Tips on How to Safely Deep Fry Turkey
Nov 24 2009 // Deep frying is an increasingly popular way to cook a turkey, but it’s not without its dangers. Insurance Commissioner John Oxendine urges Georgians to be careful when deep frying the holiday bird. He offers some...
Texas Supreme Court Agrees to Rehear Exxon Abandoned Wells Case
Nov 23 2009 // The Texas Supreme Court says it will again hear arguments in the nearly 15-year legal battle over accusations that Exxon Mobil Corp. loaded abandoned wells with junk, sludge and even explosives to keep other companies from...
Tropical Storm Ida Pounds Gulf States with High Winds, Heavy Rains
Nov 10 2009 // A weakening Tropical Storm Ida lashed the U.S. Gulf Coast with drenching rain and high surf Tuesday as it moved ashore after shutting down almost 30 percent of Gulf of Mexico energy production. Ida, once a Category 2...
Hurricane Ida Kills 124 in El Salvador; Heading for Gulf Oil Fields and U.S.
Nov 9 2009 // Hurricane Ida headed toward oil and gas facilities in the central Gulf of Mexico on Monday on a path to the U.S. Gulf Coast after killing 124 people in El Salvador following floods and mudslides. U.S. oil companies were...
Hurricane Ida Shuts Gulf Refineries; Downgraded to Tropical Storm
Nov 9 2009 // Energy companies operating in the Gulf of Mexico shut in oil and natural gas production and a major gas hub was closed on Monday as Hurricane Ida spun toward the region. The Independence natural gas hub — the largest...
Explosion and Fire Rip Through Puerto Rico Oil Facility
Oct 23 2009 // An explosion and huge fire ripped through an oil storage and refinery site outside Puerto Rico’s capital San Juan Friday, forcing the evacuation of around 350 people from a nearby neighborhood, officials said. The...
Berkley Forms Domestic Energy Industry Insurance Unit
Oct 7 2009 // W. R. Berkley Corp. has formed Berkley Oil & Gas Specialty Services, LLC. The new insurance unit, based in Houston, Texas, will provide multiline insurance products including general liability, auto liability,...
ACE Launches New Offshore Policy for Oil/Gas Industry Liability Exposures
Oct 1 2009 // ACE Europe announced the launch of its new oil and gas industry policy. ACE said the product is “aimed at both manual and non-manual trades engaged in the upstream sector,” and that it has been extended and...
US May Target Insurers, Gasoline Imports in Iran Sanctions Strategy
Sep 30 2009 // The White House is weighing sanctions targeting Iran’s dependence on gasoline imports and insurance firms that underwrite the trade, even as U.S. officials focus for now on diplomatic efforts to resolve a nuclear...
Hurricane Bill Drenches Eastern Canada; Two Die in U.S.
Aug 24 2009 // Hurricane Bill brought rain and heavy winds to eastern Canada Sunday after pounding the U.S. East Coast with heavy seas that killed two people. A seven-year-old girl died in a hospital after she was pulled unresponsive...
El Nino Weather Pattern Increasing Says Australian Weather Bureau
Jul 8 2009 // The development of an El Nino weather pattern is increasing and at this stage may be a medium-strength event, but it could take months for it to be officially declared, Australia’s weather bureau said. “We are...
