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Insurance cost of natural disasters falls in 2015: Munich Re

2016-01-04 12:03:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Insurance claims from natural disasters such as storms and earthquakes fell to $27 billion in 2015 as the overall cost of natural catastrophes dropped to its lowest level since 2009, reinsurer Munich Re said on Monday. The climate phenomenon known as 'El Nio' last year helped reduce the development of hurricanes in the North Atlantic, which traditionally cause some of the heaviest claims for the insurance industry, the world's largest reinsurer said in its annual review of natural catastrophes....

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Shell and partners begin natural gas extraction from Corrib field offshore Ireland

2016-01-04 01:00:00| Offshore Technology

Royal Dutch Shell and partners have commenced extraction of natural gas from the Corrib field offshore Ireland, overcoming a decade of project delays.

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Huge natural gas leak in Los Angeles still months from fix

2016-01-03 03:06:33| Energy - Topix.net

SoCalGas crews and technical experts attempted to safely stop the flow of natural gas leaking from a storage well at the utility's Aliso Canyon facility near Northridge section of Los Angeles on Nov. 3. The escape of tons of natural gas from under a Los Angeles neighborhood is taking months to stop because of pressure from the leak. LOS ANGELES The escape of tons of natural gas from storage under a Los Angeles neighborhood is not likely to be fixed for at least another two months due to the specific dynamics of the leak, according to officials.

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Canadian Natural Resources Limited (CNQ) Downgraded by FirstEnergy Capital to "Outperform"

2016-01-02 18:42:00| Energy - Topix.net

In related news, insider Terry James Jocksch sold 3,000 shares of Canadian Natural Resources Limited stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of C$31.01, for a total value of C$93,030.00.

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EPA Probes Porter Ranch Natural Gas Leak

2016-01-02 06:18:07| Energy - Topix.net

The Environmental Protection Agency says it is now investigating a massive ongoing natural gas leak in Los Angeles' Porter Ranch neighborhood that's being called one of the worst environmental disasters in years. More than two months after the leak started, methane gas continues to escape from an underground pipe at Southern California Gas Company's Aliso Canyon facility.

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