The White House oil spill commission Wednesday will probe U.S. offshore drilling policies and consider pushing the oil industry to accept a self-governing body to help oversee tough safety standards. With a focus on offshore drilling safety after the BP …
A $20 billion compensation fund for economic victims of the BP Plc Gulf oil spill opens for business Monday amid accusations that the rules established by its administrator are unfair. Kenneth Feinberg who will run the fund said those who …
Ironshore Environmental has expanded its suite of asset-class specific SPILLS programs to provide comprehensive environmental coverage to the Hospitality Sector. Ironshore’s Environmental Hospitality program offers asset protection against a broad range of site pollution exposures, including mold, legionella, contingent business …
Enbridge Energy Partners estimates cleanup and other costs from a massive oil spill from a Michigan pipeline could be $300 million to $400 million. The company made the estimate in a filing this week with the U.S. Securities and Exchange …
Those seeking a settlement from the BP $20 billion compensation fund may have to waive their rights to sue all major defendants involved with the Gulf of Mexico oil spill, not just BP, the New York Times reported on Friday. …
Checks on a Japanese oil tanker, damaged by a mystery explosion near the Strait of Hormuz oil shipping route, found a soot-like substance in a large dent in its hull, the Transport Ministry in Tokyo said on Wednesday. (See IJ …
The oil well may have been capped, but the fallout from the Deepwater Horizon spill is far from over for the offshore energy and insurance industry. However, as of right now, rates and capacity in the insurance marketplace have not …
The insurer-funded, nonprofit Gulf State Insurance Information Center (GSIIC) has launched a new Web site – www.GulfStateInsuranceCenter.org – to serve as a repository of information on insurance issues impacting Louisiana. The information available on the site will be specifically about …
Alabama is suing BP Plc, Transocean and Halliburton for “catastrophic harm” caused by the Gulf of Mexico oil spill, the state’s attorney general said Friday. Alabama is the first state to sue BP for damage from the world’s worst offshore …
An area of low pressure moving over the Florida Panhandle was expected to track southward into the northern Gulf of Mexico by early Monday and had a 50 percent chance of becoming a tropical cyclone in the next 48 hours, …
