All the headlines from our Energy Topic Page, ordered by recency.
May 3 2011 // Catastrophe modeling firm AIR Worldwide (AIR) today announced that its Catastrophe Risk Engineering (CRE) models now cover industrial and renewable energy facilities worldwide. Their expansion is “aimed at helping...
May 2 2011 // General Star has made a number of changes to its umbrella fuel oil program, distributed exclusively by program administrator S. H. Smith & Company, Inc., Hartford, CT. Launched in 2001, the program provides commercial...
May 2 2011 // Catastrophe modeling firm AIR Worldwide (AIR) has expanded its catastrophe risk engineering services to cover industrial and renewable energy facilities worldwide.AIR said the expansion of its Catastrophe Risk Engineering...
Apr 22 2011 // A barrage of court claims pitting BP Plc against its partners in the Gulf of Mexico oil spill could lay the groundwork for billions of dollars in settlements to spread the costs of the disaster.BP has sued Transocean Ltd,...
Apr 21 2011 // A year after the worst U.S. offshore oil spill swamped the Gulf coast with petroleum and misery, officials Wednesday declared the hard-hit region reborn.It is still too early to know the long-term damage to the...
Apr 21 2011 // On the first anniversary of the Gulf of Mexico oil spill, BP Plc sued Transocean , seeking at least $40 billion in damages and other costs from the owner of the Deepwater Horizon rig.London-based BP also sued Cameron...
Apr 15 2011 // The administrator of BP’s $20 billion oil spill fund says Mississippi Attorney General Jim Hood could undermine the claims process by urging a court to intervene and by making allegations that border on...
Apr 15 2011 // When a BP oil rig exploded and sank in the Gulf of Mexico last April, killing 11 workers, authorities first reported that no crude was leaking into the ocean.They were wrong. The disaster that captivated the world’s...
Apr 12 2011 // In the year since the Gulf oil spill, officials along the coast have gone on a spending spree with BP money, dropping tens of millions of dollars on gadgets, vehicles and gear — much of which had little to do with the...
Apr 11 2011 // The leveling off of the world’s oil supply and the resulting rising gasoline prices and their economic impact carry implications for property/casualty insurance rates.Oil spikes have been known to precede recessions,...
Apr 7 2011 // Enbridge Inc. says the spill of at least 800,000 of oil into the Kalamazoo River system near Marshall cost the pipeline company $550 million in 2010. The figure, which comes from the Enbridge annual report, excludes...
Apr 7 2011 // Executives at the offshore drilling contractor at the center of last year’s Gulf of Mexico oil spill are donating bonuses they got for the company’s safety record last year.The decision came several days after...
Apr 5 2011 // An investigator who examined the safety device that failed to prevent last year’s BP oil spill said Monday his firm did not skip critical tests under pressure to meet a deadline to file a report on what caused the...
Apr 5 2011 // Transocean Ltd. gave its top executives bonuses for achieving the “best year in safety performance in our company’s history” — despite the explosion of its oil rig that killed 11 people and spilled 200...
Apr 4 2011 // The failure of the underwater blowout preventer that led to the massive BP oil spill in the Gulf of Mexico was caused by a stuck section of drill pipe that blocked cutting devices from shearing and sealing the leaking...
Mar 30 2011 // BP Plc has so far spent $19 billion on last year’s disastrous Gulf of Mexico oil spill and believes the uncertainty over the ultimate total has decreased, a company executive said Tuesday.BP, operator of the Macondo...
Mar 17 2011 // A leading Norwegian shipowner called on tanker operators to boycott the Suez Canal which he said would force global powers to intervene in Somalia to crush piracy by forcing up oil and commodity prices.The call, which has...
Mar 11 2011 // Louisiana will divide a $30 million BP grant for tourism marketing among all of the state’s parishes and will use a small slice to help fund an out-of-state spring tourism ad campaign sought by Lt. Gov. Jay...
Mar 10 2011 // The man in charge of paying BP claims for the Gulf oil spill will soon face a Florida legislative committee to answer questions about how the compensation scheme is going.Kenneth Feinberg, the lawyer who is overseeing the...
Mar 8 2011 // A federal judge has refused to order Exxon Mobil Corp. to pay an additional $92 million sought by the U.S. government and state of Alaska to address lingering damage from the 1989 oil spill in Prince William Sound.U.S....