All the headlines from our Energy Topic Page, ordered by recency.
Jan 5 2006 // Euler Hermes ACI, a provider of trade credit insurance and risk mitigation information, has released a special global risk analysis report from its U.S. headquarters in Maryland.The company, a subsidiary of French insurer...
Dec 22 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “A-” counterparty credit and financial strength ratings on petroleum industry mutual insurer Oil Insurance Ltd. (OIL) and removed...
Dec 20 2005 // A bulletin on the Lloyd’s Web site notes that “claims from the biggest fire in Europe for over 50 years [the Buncefield fire] will impact the London market in two phases, according to a major loss adjuster...
Dec 5 2005 // Acting Gov. Richard J. Codey has signed legislation increasing liability limits for owners and operators of vessels that discharge hazardous substances into state waterways. The move came nearly a year after an oil tanker...
Dec 5 2005 // Editor’s note: This is the second article in a series on risk management for oil and gas operators. The first article appeared in the Aug. 22, 2005, issue of Insurance Journal West region edition on page 66.In the...
Dec 4 2005 // Editor’s note: This is the second article in a series on risk management for oil and gas operators. The first article appeared in the Aug. 22, 2005, issue of Insurance Journal West region edition on page 66.In the...
Nov 28 2005 // A Martinez, Calif., Shell oil refinery leak that sprayed 150 gallons of oil over the downtown area could cost the company more than $1 million to clean buildings and vehicles.As of Nov. 22, more than 3,500 claims had been...
Nov 21 2005 // (Editor’s note: This is the second in a series of articles on risk management for oil and gas operators. The first appeared in the Aug. 22, 2005, issue of Insurance Journal–Texas/South Central.)In the first...
Nov 20 2005 // In the first article of this series we discussed the importance of the retail broker reading, studying and comprehending the various contracts that control the oil and gas operator’s world. There are two areas of...
Nov 8 2005 // An in depth study conducted by the Paris-based International Energy Agency forecasts a 50 percent rise in energy use between now and 2030. It also predicts a concurrent 52 percent rise in greenhouse gas emissions,...
Oct 3 2005 // Shortly after Hurricane Katrina devastated parts of Louisiana, Mississippi and Alabama, the U.S. Chamber Institute for Legal Reform issued a statement warning that the financial wreckage caused by Hurricane Katrina could...
Oct 3 2005 // Shortly after Hurricane Katrina devastated parts of Louisiana, Mississippi and Alabama, the U.S. Chamber Institute for Legal Reform issued a statement warning that the financial wreckage caused by Hurricane Katrina could...
Sep 5 2005 // Nuts and Bolts: American E&S has a new oil and gas insurance program focused on exploration and production companies. This new program features control of well insurance coverage at competitive rates, flexibility, and...
Sep 1 2005 // Standard & Poor’s Ratings Services has registered a quick reaction to the ravages of Hurricane Katrina on the petroleum industry. S&P announced that it has placed its “A+” counterparty credit...
Aug 22 2005 // Everything’s negotiable. If that’s not the key operational phrase in the oil and gas sector–both in terms of oil and gas production and insuring that risk–then it comes very close. Contracts rule in...
Aug 22 2005 // In what seems a lifetime of handling risk management and insurance for oil and gas operators (well, I guess it is a lifetime if you are under 35 years of age), I have come to the realization that the functions to protect...
Aug 22 2005 // As worldwide oil consumption and demand spirals upward so to does the stress on U.S. oilfield workers to meet those demands, according to the American Society of Safety Engineers’ (ASSE) Permian Basin Chapter in...
Aug 22 2005 // In the oilfield, operators typically enter into Master Service Agreements with various contractors who supply services and materials needed in connection with the many and varied oilfield operations. The MSAs usually...
Aug 22 2005 // The primary reason lawsuits occur is because the broker/ agent did not fulfill his responsibility of knowing his clients exposures and addressing them properly.In what seems a lifetime of handling risk management and...
Aug 22 2005 // Everything’s negotiable. If that’s not the key operational phrase in the oil and gas sector-both in terms of oil and gas production and insuring that risk-then it comes very close. Contracts rule in the...