Latest Energy Headlines

All the headlines from our Energy Topic Page, ordered by recency.

Maine Joins States Suing Big Oil to Recover Costs of Climate Change ‘Deception’

Nov 27 2024 // Maine Attorney General Aaron Frey has filed suit in state court against Exxon, Shell, Chevron, BP, Sunoco, and the American Petroleum Institute for allegedly “deceiving Mainers for decades about the role of their...

Texas Public Utility Commission Reports on CenterPoint Energy’s Beryl Response

Nov 26 2024 // When Hurricane Beryl swept through southeast Texas on July 8, its damaging 80-mile-per-hour winds took down thousands of trees and knocked out much of the electricity system. More than 2.6 million Texas power customers...

Secret Russian Oil Switching Gets New Greek Hotspot After Drills

Nov 25 2024 // The secret switching of Russian fuel cargoes between tankers at sea has migrated to new hotspots off the coast of Greece after the European country used naval drills to try and block the activity in one location.About 1...

UK Expands Sanctions Against Russian Oil Fleet and Its Insurers

Nov 25 2024 // The UK government expanded its sanctions against Russia’s energy industry on Monday, blacklisting dozens of tankers responsible for moving the nation’s oil as well as two insurers involved in the trade.The...

Plains All American Agrees to Pay $73M to Settle California Oil Spill Lawsuit

Nov 13 2024 // Plains All American Pipeline has agreed to pay $72.5 million to settle a lawsuit over the 2015 Refugio Beach oil spill in Santa Barbara, a filing showed on Tuesday.The spill occurred after a pipeline, which ran across...

Renewable Energy Offers a Cost and Opportunity to Insurance Sector

Nov 7 2024 // Policyholders in the renewable energy insurance market are paying between 20%-40% more for cover today than a year ago as insurers seek to recover the cost of “devastating claims” in regions hit by natural...

About 17% of Gulf of Mexico Oil Production Shut Due to Hurricane Rafael

Nov 7 2024 // About 17% of crude oil production and 7% of natural gas output in the U.S. Gulf of Mexico was shut in response to Hurricane Rafael, the U.S. Bureau of Safety and Environmental Enforcement said on Wednesday.Energy producers...

Dark Fleet Oil Tanker Caught in Recent Collision Heads to China

Oct 24 2024 // A dark-fleet oil tanker that was recently involved in a crash in Southeast Asia is now on its way to China.Ceres I, an aging very-large crude carrier that’s suspected of transporting sanctioned oil, is en route to...

Honda Recalling 780,000 Vehicles in North America on Fuel Pump Concern

Oct 23 2024 // Honda is recalling 780,000 vehicles in North America over concerns that a high-pressure fuel pump may crack and leak fuel.A fuel leak in the presence of an ignition source could increase the risk of a fire, the automaker...

The Secretive World of Russian Oil Tanker Insurance Revealed

Oct 22 2024 // One of the energy market’s open questions since Russia’s invasion of Ukraine has been who’s insuring the tankers moving Moscow’s petroleum against the risk of a catastrophic oil spill.The answer is...

US Watching Dark Fleet Ship-to-Ship Oil Transfers in Asia Waters

Oct 22 2024 // The US is paying close attention to the “dark fleet” of tankers carrying restricted oil and doing ship-to-ship transfers in Southeast Asian waters, the State Department’s top energy official...

Appeals Court Says Experts Must Show Causal Relationship in BP Oil Workers’ Suits

Oct 22 2024 // A federal appeals court has underscored the high bar that expert witnesses must meet before a court can connect the dots between exposure and illness, a ruling that could have an impact on insurance claims and toxic tort...

UK Working to Challenge Russian Shadow Oil Tanker Insurance

Oct 18 2024 // The UK said three government bodies are working together to challenge Russian shadow fleet oil tankers if it perceives they have dubious insurance.An announcement from the country’s Foreign, Commonwealth and...

Oil Field Service Companies Face Lawsuit for Alleged Sexual and Racial Harassment

Oct 17 2024 // Oil field service companies Bigfoot Energy Services and Iron Mountain Energy Services, operating as a single employer, violated federal law by failing to prevent widespread sexual and racial harassment in their workforce,...

Oregon County Adds Utility to $51B Climate Suit Against Fossil Fuel Companies

Oct 16 2024 // Oregon’s Multnomah County, home to Portland, has added the state’s largest natural gas utility to its $51.5 billion climate lawsuit against fossil fuel companies over their role in the region’s deadly...

Two Killed After Leak at Texas Oil Refinery Worked for Maintenance Subcontractor

Oct 15 2024 // DEER PARK, Texas (AP) — Two employees killed when hydrogen sulfide leaked at a Houston-area oil refinery were employees of a subcontractor performing maintenance work, the director of Pemex, Mexico’s state-owned...

Lloyd’s of London Must Stop Supporting Fossil Fuel Expansion, NGO Says

Oct 10 2024 // The Lloyd’s of London market is undermining climate action and should impose binding rules to prevent insurers supporting fossil fuel expansion, NGO Reclaim Finance said on Wednesday.Some European insurers, including...

Explosive-Packed Drone Boat Slams Into Oil Tanker in Red Sea

Oct 1 2024 // An explosive-laden drone boat slammed into an oil tanker as it sailed past the coast of Yemen, a sign Israeli airstrikes haven’t deterred the country’s Houthi militants from attacking commercial shipping.The...

Zombie Tanker Turns Up at Northern Chinese Port Laden With Oil

Sep 30 2024 // Singapore-flagged oil tanker EM Longevity made its final voyage almost three years ago, after more than two decades at sea. Earlier this month, ship-tracking data showed it arriving at a Chinese port, loaded with crude and...

Markets/Coverages: Guernsey Insurer Paratus to Offer Renewable Power Insurance

Sep 27 2024 // Paratus Holdings Ltd., the Guernsey-based re/insurance group, announced that Paratus Renewables Insurance Ltd. has been granted regulatory approval by the Guernsey Financial Services Authority (GFSC) to provide insurance...