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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...
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...
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...
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...
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...
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...
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