Canadian Underwriter

Keyword
oil and gas


News CatastrophesInsuranceMarkets / Coverages

After new energy regulations, Oklahoma’s earthquake rate drops

November 30, 2016 Seth Borenstein - THE ASSOCIATED PRESS

WASHINGTON – The rate of earthquakes in Oklahoma has dropped dramatically since late May, when the state limited wastewater injections into energy wells, an Associated Press statistical analysis shows. And a new scientific study says the state is on its

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Saskatchewan government introduces act aimed at enhancing regulatory oversight of provincial pipelines

November 29, 2016 by Canadian Underwriter

The Government of Saskatchewan announced on Monday that it has introduced new legislation aimed at enhancing regulatory oversight of the province’s oil and gas industry. The government introduced The Pipelines Amendment Act in the Legislature, replacing The Pipelines Act, the

News CatastrophesConstructionInsuranceLegislation / RegulationMarkets / Coverages

Regulators: Close more disposal wells after Oklahoma quake

November 9, 2016 The Associated Press

OKLAHOMA CITY – Oklahoma regulators are ordering the shutdown of more disposal wells and restricting the volume of others near where a magnitude 5.0 earthquake struck. The plan released Tuesday by the Oklahoma Corporation Commission’s Oil and Gas Division requires

News CatastrophesConstructionInsurance

4.8 magnitude earthquake in Texas in 2012 triggered by wastewater injection, study confirms

September 26, 2016 by Canadian Underwriter

A 4.8 magnitude earthquake that “rattled residents” and damaged buildings in East Texas in 2012 was triggered by the injection of large volumes of wastewater from oil and gas activities into rocks deep beneath the surface, confirmed a new satellite

News CatastrophesInsuranceMergers and Aqcuisitions

Oklahoma experiences strongest earthquake in five years, officials probing possible connection with oil and gas activities

September 4, 2016 by Canadian Underwriter

The governor of Oklahoma has declared a state of emergency for Pawnee County following a magnitude 5.6 earthquake that occurred early Saturday morning. The earthquake was felt in multiple states and was the strongest the state has experienced since November

News CatastrophesInsuranceLegislation / RegulationMarkets / Coverages

Drillers, regulators can lessen earthquakes likely caused by wastewater injection, new research reveals

August 29, 2016 by Canadian Underwriter

Actions taken by drillers and regulators can lessen risk in the case of earthquakes likely caused by the injection of industrial wastewater deep underground, according to new research from the U.S. Geological Survey (USGS) and the University of Colorado. While

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Higher prices from Fort McMurray wildfire to boost Q2 energy company results

July 21, 2016 Dan Healing - THE CANADIAN PRESS

CALGARY – Analysts predict oil prices driven higher by production stoppages during the Fort McMurray, Alta., wildfires in May will bolster the bottom lines of Canadian oil and gas companies as they report financial results starting this week. Western Canada

News CatastrophesInsuranceMergers and Aqcuisitions

Pelican Lake wildfire threat eases, allowing Cenovus workers to return

June 9, 2016 The Canadian Press

WABASCA, Alta. – An out-of-control wildfire in northern Alberta that prompted two companies to curtail heavy oil production in the Pelican Lake area is now being held, one of the companies says. Cenovus Energy Inc. (TSX:CVE) said it safely shut

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Parts of Texas see 10 to 20 inches of rain in 24-hour period: AIR Worldwide

June 7, 2016 by Canadian Underwriter

Texas, still drying out from one of its wettest springs on record, received additional heavy rainfall during the last two weeks, causing major flooding throughout the state, catastrophe modelling firm AIR Worldwide said on Monday. AIR Worldwide said in a

News CatastrophesConstructionInsuranceMergers and Aqcuisitions

Earthquakes triggered by oil and gas activity have been happening in Texas since at least 1925, new study says

May 20, 2016 by Canadian Underwriter

Earthquakes triggered by oil and gas activity have been happening in Texas since at least 1925, and they have been widespread throughout the state ever since, according to a new historical review published online. A Historical Review of Induced Earthquakes

News CatastrophesInsurance

Work camps north of Fort McMurray evacuated due to growing wildfire

May 16, 2016 By John Cotter and Dean Bennett - The Canadian Press

FORT MCMURRAY, Alta. – A precautionary evacuation is clearing out employees at work camps north of Fort McMurray due to the threat of a quickly spreading wildfire. Non-essential personnel are leaving while others are staying to conduct work on the

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U.S. energy sector sees dramatic rise in successful cyberattacks: study

April 7, 2016 by Canadian Underwriter

Tripwire, Inc., a Portland, Oregon-based provider of endpoint detection and response, security, compliance and IT operations solutions for enterprises, service providers and government agencies, has found that more than three-quarters of survey respondents in the energy sector in the United