All the headlines from our Energy Topic Page, ordered by recency.
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....
Mar 8 2011 // A U.S. judge Monday halted enforcement of an $18 billion award against Chevron Corp, siding with the oil company against Ecuadorean plaintiffs in a long-running dispute over Amazon rain forest pollution.The move comes...
Mar 8 2011 // Suspected FARC guerrillas have captured 23 Colombian oil contractors carrying out exploration work for Canada’s Talisman Energy in a rare mass kidnapping, authorities said Monday.Colombia, Latin America’s No. 4...
Mar 3 2011 // Records show that in the last two weeks more than 8,100 people and businesses have been offered final payments from BP’s oil spill compensation fund, but few have accepted so far.Gulf Coast Claims Facility data show...
Mar 3 2011 // The vice chairman of a task force set up by President Barack Obama to restore the Gulf Coast criticized BP PLC this week for what he described as the oil company’s increasing reluctance to repair the damage inflicted...
Feb 22 2011 // The administrator of BP’s $20 billion Gulf oil spill fund announced new rules on how final payments will be determined in the highly criticized claims process, but the central payment formula remained unchanged from...
Feb 21 2011 // Kenneth Feinberg, the administrator of BP Plc’s fund to compensate victims of last year’s oil spill, could be forced to revamp dramatically how he handles claims now that the fund has come under the...
Feb 18 2011 // Iran’s biggest crude oil tanker operator, NITC, said on Friday that its club of ship insurers had declined to renew policy cover for the coming year due to the impact of tightening sanctions in the European...