All the headlines from our Energy Topic Page, ordered by recency.
Mar 3 2012 // BP Plc has reached an estimated $7.8 billion deal with businesses suing over the massive 2010 Gulf of Mexico oil spill, the company said on Friday, but the oil giant still faces claims by the U.S. government, Gulf states...
Mar 2 2012 // Brian Krause has joined Houston-based J.H. Blades & Co. Inc., a division of Swett & Crawford.Krause is a veteran in the oil and gas well control and firefighting world. He began his well control career as a...
Mar 2 2012 // Japanese buyers of Iran crude may ask Tehran to include a force majeure clause in contracts if they are unable to pay Iran or lift Iranian oil due to lack of insurance cover for tankers under European Union sanctions,...
Feb 29 2012 // BP Plc is seeking to settle a lawsuit over the massive 2010 Gulf of Mexico oil spill by tapping into a $14 billion fund it set aside to compensate fishermen and businesses harmed by the disaster, lawyers familiar with the...
Feb 28 2012 // A.M. Best Co. has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and issuer credit rating to “a-” from “bbb+” of Petroleum Marketers Management Insurance Company (PMMIC) of...
Feb 28 2012 // Corporations and human rights groups are squaring off in a Supreme Court fight over whether foreign victims of war crimes, killings and other atrocities can haul multinational companies into American courts and try to...
Feb 26 2012 // The trial to decide who should pay for the 2010 Gulf of Mexico oil spill has been delayed by a week to allow BP Plc to try to cut a deal with tens of thousands of businesses and individuals affected by the disaster.Less...
Feb 24 2012 // It could be the ultimate case for passing the buck.A massive trial over the 2010 Gulf of Mexico oil spill heads for a New Orleans federal courtroom on Monday, to determine how much BP Plc and others should cough up for the...
Feb 24 2012 // Japan’s main shipping insurer will only be able to provide a fraction of the coverage to tankers transporting Iranian oil under new European Union sanctions, officials said on Friday.Starting in July, European...
Feb 24 2012 // India’ export guarantee agency has not stopped giving insurance cover to shipments to Iran and has only tightened criteria as part of a more cautious approach, official sources said on Friday, as western sanctions...
Feb 23 2012 // TGA Insurance Managers Inc., a subsidiary of Texas-based Hallmark Financial Services Inc., has hired Michael Gallien as product manager for its oil and gas program. Prior to joining TGA, Gallien worked at Chartis from 2009...
Feb 23 2012 // BP Plc and Anadarko Petroleum Corp. are liable and Transocean Ltd. may be liable for civil damages under federal pollution laws over the catastrophic 2010 Gulf of Mexico oil spill, a U.S. judge ruled.Wednesday’s...
Feb 23 2012 // The Dubai International Financial Centre (DIFC), the United Arab Emirates’ financial hub, expects to permit transactions in Chinese yuan from this year, industry sources told Reuters on Thursday.The change would...
Feb 21 2012 // Mitsui & Co. Ltd.’s MOEX Offshore agreed with the U.S. Justice Department to pay at least $90 million to settle some of its liability in the Deepwater Horizon oil spill, the first government settlement involving...
Feb 20 2012 // BP Plc won a court order to keep references to some previous accidents out of the trial to assess blame for the 2010 Gulf of Mexico oil spill, the oil company’s second victory in as many days to bar potentially...
Feb 20 2012 // BP Plc won a court order to keep references to some previous accidents out of its trial to assess blame for the 2010 Gulf of Mexico oil spill. It was the oil company’s second victory barring potentially damaging...
Feb 14 2012 // Ohio petroleum producers are pushing back against a call by the state attorney general to increase environmental penalties and chemical reporting requirements on the drilling industry.Republican Attorney General Mike...
Feb 13 2012 // A U.S. federal judge dismissed a large part of a nationwide lawsuit accusing BP Plc and top executives of fraud for misleading shareholders before and after the 2010 Gulf of Mexico oil spill about the oil company’s...
Feb 13 2012 // President Barack Obama’s 2013 budget proposal, released on Monday, calls for raising hundreds of billions of dollars from U.S.-based global companies, while ending cherished deductions and tax breaks for oil...
Feb 9 2012 // BP Plc won a court order to keep references to some previous accidents out of this month’s trial to assess blame for the 2010 Gulf of Mexico oil spill, the oil company’s second victory in as many days to bar...