All the headlines from our Energy Topic Page, ordered by recency.
Feb 21 2007 // With nearly $1 billion of commercial market capacity for downstream risks, representing approximately 50 percent of the total realistic amount available worldwide, Houston is emerging as a major center for downstream...
Feb 8 2007 // Marsh Inc. will host the first ever global risk advisory meeting of the world’s national oil companies (NOCs) at a conference in Dubai on 26-28 February. “These state-owned enterprises manage roughly 80 percent...
Feb 1 2007 // A federal judge on Jan. 30 approved a settlement between Murphy Oil Corp. and about 6,000 St. Bernard Parish, La., homeowners over an oil spill that happened during Hurricane Katrina.In a three-page ruling, U.S. District...
Nov 29 2006 // Major global political and business leaders say energy issues are high on their agenda and that the demands and risk transfer needs of this sector pose challenges and opportunities for insurers and reinsurers.At Swiss...
Oct 11 2006 // Oil companies in Nigeria are being hit with rising costs due to kidnappings of their staff that have become so commonplace in the volatile Niger Delta one Nigerian company is selling T-shirts calling it the country’s...
Jun 30 2006 // The Delaware River and other waterways around the nation will be better protected from oil spills under legislation approved Tuesday by Congress, according to one of the measure’s co-sponsors.The Coast Guard and...
Jun 9 2006 // Construction crews building a convenience store in south Tulsa, Okla., have discovered an abandoned oil well while digging a hole for gas storage tanks.The strange discovery was made recently when the crews broke open the...
Jun 6 2006 // Oil Insurance Limited, founded in Bermuda in 1971 by 16 energy companies, as a mutual insurance company, announced that it is offering to purchase for cash any and all of its outstanding $300 million aggregate principal...
May 3 2006 // Hurricanes Katrina and Rita destroyed 113 petroleum production platforms in the Gulf of Mexico, a federal agency overseeing offshore drilling said.The storms also damaged 457 pipelines connecting production facilities in...
Apr 17 2006 // One couple has sued Regions Bank for allegedly failing to pay their windstorm policy out of their escrow account.Hurricane Katrina lawsuits are multiplying and it’s not just insurance companies that are defendants....
Apr 10 2006 // According to a recent survey, Nationwide Mutual Insurance Co. predicts that 35 percent of motorcyclists will ride their bikes more over the next year as a result of fuel prices.A written release issued by the Columbus,...
Apr 3 2006 // Since the Exxon Valdez caused the worst oil spill in the nation’s history, tankers that ship Alaska’s crude oil to the West Coast have become stronger and safer.Two escort vessels guide the tankers out of...
Apr 3 2006 // One couple has sued Regions Bank for allegedly failing to pay their windstorm policy out of their escrow account.Hurricane Katrina lawsuits are multiplying and it’s not just insurance companies that are defendants....
Apr 3 2006 // Oil pipe corrosion big threat as Alaska marks Exxon spill anniversarySince the Exxon Valdez caused the worst oil spill in the nation’s history, tankers that ship Alaska’s crude oil to the West Coast have become...
Mar 24 2006 // Since the Exxon Valdez caused the worst oil spill in the nation’s history, tankers that ship Alaska’s crude oil to the West Coast have become stronger, with double hulls and redundant operating systems for...
Mar 23 2006 // Global insurance broker Willis Group Holdings Limited announced that Phillip Ellis has joined the Goroup as Global Energy Practice Leader. The bulletin characterized the move as a “significant senior appointment...
Mar 20 2006 // There are common problems that may arise in the provision of coverage for Oil & Gas operators. Among those for which the broker should be on the lookout are:The International Association of Drilling Contractors...
Mar 20 2006 // When discussing insurance coverages for the Oil and Gas operator the term that really should be employed is “contracts/coverages,” because it is nearly impossible to separate the two–they go hand in...
Mar 20 2006 // What do Dodge Neon, Mazda Miata and Lexus 430 have in common? Simple–they are all the same form of transportation. Each will allow you to control your travel from Point A to Point B but each has its own unique...
Mar 19 2006 // Not all Oil & Gas programs are created equalThe American market has expanded in numbers from AIG Oil Rig, principally alone 30 years ago, to perhaps 10 domestic energy markets. Other foreign carriers in Bermuda and...