KY Gasline Erupts in Flames, One Dead
A natural gas line erupted in a ball of flames that could be seen for miles over a residential community in rural Kentucky on Thursday, killing one person and setting several houses on fire, a local sheriff said.The blast, in Moreland…
Texas Pipeline Blast Injures 7, Explosions Probed
Authorities on Thursday morning were investigating what caused a fire and a series of natural gas pipeline explosions on Wednesday in Midland County, Texas, which sent seven people to the hospital and shut down five lines before being…
BNSF: Nearly Half of Iowa Crude Spill Contained
Workers have contained nearly half of the crude oil spilled near Rock River in northwest Iowa over the weekend following a freight train derailment on Friday, BNSF Railway Co said. About 100,000 gallons had been hemmed off using booms out of the estimated 230…
Explosion on TransCanada WV Gasline Section Contained
An explosion on a TransCanada Columbia Gas Midstream pipeline outside Moundsville, West Virginia early on Thursday has been contained, according to a local media report. No employees were at the site of the explosion and no homes were in danger…
Allianz Limits Coal Insurance Policies
Germany's Allianz will immediately stop insuring single coal-fired power plants and coal mines, the company said on Friday, following criticism from environmental groups. But Allianz said it would continue to insure companies generating power through multiple sources…
Fire in Sauna Shuts World's Northernmost Oilfield
The world's northernmost oilfield was shut on Friday when a fire broke out in a sauna in the oil platform's living quarters, Eni, the Italian oil company that operates the field, said. The Arctic Goliat field is in the Barents Sea about…
Fire Erupts at Schlumberger Facility in Angola
A fire has erupted at the facility used by U.S. oil services company Schlumberger at Angola's oil logistics hub in the capital Luanda, the chairman of state-run oil company Sonangol told a news briefing on Wednesday. Schlumberger, the world’s largest oilfield services…
Allianz Considers Group's Stance on Coal Insurance
Coal debate intensifies as Allianz posts 22 pct Q4 profit fall. Germany's Allianz is considering whether to stop insuring new coal power plants but told environmental campaigners it would stay in the business for now. The 22 percent…
Five Missing after Oklahoma Oil & Gas Blast
Five workers were missing after a fiery explosion on Monday at an oil and gas drilling site in eastern Oklahoma, officials said. The fire had been fed by gas from a well being drilled for Red Mountain Energy by Patterson-UTI Energy Inc…
PSA Norway Finds Shortcomings after Maersk Rig Accident
* Denmark's Maersk Drilling, a subsidiary of conglomerate A.P. * One person died following an accident on the Maersk-owned drilling rig at Aker BP's Tambar oilfield off Norway on Dec. * "The joint investigation team of Maersk Drilling…
Maersk Drilling: One Dead After Tambar Oilfield Accident
Maersk Drilling said on Friday that an employee, a Norwegian citizen, has died following an accident on a drilling rig at Aker BP's Tambar oilfield off Norway on Thursday. Another person was injured and is receiving medical treatment but his condition is not critical…
More Fuel on the Way to Puerto Ricans
Puerto Rico Governor Ricardo Rossello reported progress in getting fuel supplies to the island's 3.4 million inhabitants on Monday as they faced a 13th day largely without power after the U.S. territory was devastated by Hurricane Maria.
U.S. Gulf Refiners Recovering Slowly, Carefully
U.S. refineries are restarting after Hurricane Harvey forced them to shut down two weeks ago, raising the risk of fires and explosions that could prolong fuel supply disruption as plants simultaneously reheat units and reactivate catalysts.
About 5-6 mln Without Power Post-Irma
Five million to 6 million power customers lack electricity after Hurricane Irma swept through the Florida and other parts of the U.S. southeast, leaving about 15 million people without power, federal emergency officials said on Tuesday.
“Blockchain” and the World of Marine Insurance
If you’ve been working in the marine insurance industry lately, you will have heard about “blockchain” at some point; it is the electronic, distributed ledger, notoriously known for enabling the use of cryptocurrencies such as Bitcoin and Ether.
Oil Firms as Gulf Refineries Restart
Hurricane Harvey's impact on oil industry slowly fading. Brent oil prices firmed on Thursday, hovering near 3-1/2-month highs as U.S. refiners restarting after Tropical Storm Harvey increased their crude processing and the U.S. dollar declined.
U.S., European Energy Sector Hacked
Advanced hackers have targeted United States and European energy companies in a cyber espionage campaign that has in some cases successfully broken into the core systems that control the companies' operations, according to researchers at the security firm Symantec.
Asian Traders Mull U.S. Crude Liftings in Harvey's Wake
Harvey closed nearly a quarter of U.S. refining capacity; helping to push WTI-Brent spread to widest in two years. Some oil traders in Asia are looking to snap up crude cargoes from the United States after Hurricane Harvey closed U.S.
Big Monthly Loss for WTI Looms in Harvey's Wake
U.S. gasoline at two-year high above $2 a gallon, as almost a quarter of U.S. U.S. crude oil prices are on track to post the steepest monthly losses in more than a year on Thursday as concerns spread over falling demand in the world's…
Harvey Hurts Crude Rebalancing, Also Creates 'Opportunity'
Crude oil's flirtation with backwardation has been hit by the market dislocations caused by Hurricane Harvey, the massive storm that is disrupting the U.S. crude oil import, export and refining hubs along the Gulf of Mexico coast. Two…
