energy business News

Iowa’s CGA Insurance Services Launches Managing General Underwriter Program

West Des Moines, Iowa-based Career General Agency LLC (CGA Insurance Services), a subsidiary of GuideOne Insurance, has launched a managing general underwriter (MGU) program with its newly developed CGA Energy Division. Calling the MGU launch a “momentous achievement for our …

Biden Revokes Keystone XL Pipeline Permit; Construction Halted

Construction on the long disputed Keystone XL oil pipeline halted on Jan. 21 as incoming U.S. President Joe Biden revoked its permit on his first day in office. The 1,700-mile (2,735-kilometer) pipeline was planned to carry roughly 800,000 barrels of …

Global Risk Solutions Acquires Texas Energy Loss Specialist, R Winkler & Co.

Claims adjusting and environmental risk management solutions provider, Global Risk Solutions Inc., has acquired specialist energy sector adjusting and consultancy firm R Winkler & Co., based in Sugar Land, Texas. Terms of the acquisition were not disclosed. Led by founder …

IMA Selects Bryan to Lead Energy Group in New Houston Office

Insurance brokerage IMA Inc. has opened its Houston office and appointed Ricky Bryan as executive vice president, director of Houston Energy. Bryan joins IMA after 15 years in leadership roles at Marsh JLT Specialty as senior vice president and as …

Houston Confronts One-Two Punch of Coronavirus and Oil Bust

When you’re known as the energy capital of the world, oil busts are nothing new. But Houston now finds itself in uncharted territory — grappling with an oil downturn in the middle of a pandemic. Like in other cities, the …

Texas Regulatory Commission Says it Won’t Cut Oil Production

After overseeing the state’s energy sector through one of Texas’ largest oil booms in recent years, the Texas Railroad Commission has suddenly found itself in the middle of two global crises that have delivered devastating reversals of fortune to the …

Analysis: It’s Not the Whole Texas Economy, But Energy Is a Critical Piece

If it lasts, this week’s plunge in oil prices could hit the Texas economy in ways that make it much harder for state and local governments to help the state’s residents. It’s part of a double whammy on the state …

Regulator: Thousands of Oil Wells Idled in North Dakota

A top state oil regulator estimates that North Dakota producers have idled thousands of wells — amounting to more than a quarter of the oil wells in the state — as the U.S. oil industry crashed during the coronavirus outbreak. …

Refineries in Tropical Storm Barry’s Path to Keep Operating

Most U.S. refiners whose plants are in the path of Tropical Storm Barry took steps on Friday to keep them running, even as forecasters warned that the second named storm of the season could become a hurricane just before landfall …

Oklahoma Town OKs Rules Restricting Oil, Gas Drilling in City

Leaders in Stillwater, Okla., approved new rules for oil and gas drilling within the city to the disappointment of industry representatives. A.J. Ferate, vice president of regulatory affairs at the Oklahoma Independent Petroleum Association, said the City Council’s approval of …