Fuel Fix

(Photo by Eddie Seal for Bloomberg News)

U.S. oil rig count jumps up by a dozen, the first increase in 2015

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The amount of U.S. rigs drilling for oil increased for the first time this year after 29 consecutive weeks of declines.

U.S. oil rig count jumps up by a dozen, the first increase in 2015

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(Photo by Eddie Seal for Bloomberg News)
The amount of U.S. rigs drilling for oil increased for the first time this year after 29 consecutive weeks of declines.
(AP Photo/Gerald Herbert, File)

BP to settle Deepwater Horizon claims for $18.7 billion

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BP has agreed to pay a record $18.7 billion to settle the federal and state claims against it for its role in the Deepwater Horizon oil spill, sidestepping years of litigation with a promise to pour funds for nearly two decades into efforts to repair vast environmental damage in the Gulf region.
Categories: featured, Gulf oil spill

    Jeff Allyn, a derrick hand with Raven Drilling, pauses with a cup of coffee while drilling for oil in the Bakken shale formation on July 23, 2013 outside Watford City, North Dakota. (Andrew Burton/Getty Images)

    Shale drillers’ safety net is vanishing

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    SandRidge, the Oklahoma City-based producer, had about 90 percent of its oil and natural gas liquids output hedged in early 2015, according to a regulatory filing. Next year, the hedges cover less than a third.
    Categories: featured, Shale
Memers of theOrganization of the Petroleum States meet In November 2014 at OPEC headquarters in Vienna. AFP PHOTO/SAMUEL KUBANISAMUEL KUBANI/AFP/Getty Images

Indonesia to rejoin OPEC in move to secure oil supplies

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The Southeast Asian country left the group in 2008 after nearly five decades of being the only Asian member amid declining oil reserves and investment
In this June 10, 2015 photo, Dr. Anne Sheehan, Professor of Geological Sciences and Fellow of the Cooperative Institute for Research in Environmental Sciences opens a compartment in a weatherproof digital recorder, part of her kit of solar-powered seismometers, used to measure earthquakes, including those caused by injection wells at petroleum extraction sites, at CU Boulder, in Boulder, Colo. (AP Photo/Brennan Linsley)

Earthquakes near Colorado wastewater well decrease

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DENVER — The ground around a northern Colorado wastewater injection well has been relatively quiet for more than two months, offering hope that a 10-month string of more than 200 small earthquakes might have subsided.

A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake shares fall on downgrade, natural gas drop

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Chesapeake is among energy companies with market values that swing on the price of natural gas.
Categories: Natural gas
Supporters of hydraulic fracturing are using listicles, memes and other pieces of digital content with a new BuzzFeed-style website to wrest control of the debate about the controversial completion technique. (FrackFeed.com)

Hydraulic fracturing supporters fire back with BuzzFeed-style website

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The site, called FrackFeed.com, is an attempt by supporters to wrest control of the debate of the controversial completion technique, re-framing their view of hydraulic fracturing in a hip, fresh way in an effort to reclaim some of the ground lost to opponents who have been outpacing them on social media.
A drilling rig under contract to Shell arrives in Port Angeles, Washington en route to Alaska's Chukchi Sea, where Shell hopes to drill this summer. (Daniella Beccaria/seattlepi.com via AP, File) MAGS OUT; NO SALES; SEATTLE TIMES OUT; TV OUT; MANDATORY CREDIT

Court rules against environmentalists in endorsing feds’ handling of Arctic spill response plans

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Environmentalists said the ruling demonstrates federal policies need an update to ensure oil spill response plans get tougher scrutiny.
Categories: Arctic, Politics/Policy
Furmanite service technicians install a custom-engineered leak sealing enclosure to prevent their client from having to shut down a process unit. (Furmanite)

Furmanite looks to make peace with activist investors after proxy battle

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Furmanite set its annual meeting for June 30 in Houston after resolving an invective-filled proxy battle in May that ended with major concessions made to activist investors. The meeting was originally delayed from April, when investors complained it was being held in Delaware to avoid a confrontation. Then, it was delayed again from May 7 when a settlement agreement was reached.
(AP file photo/John McConnico)

Norway government loses in drive to expand Arctic oil boundary

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Even as a drop in oil prices makes Arctic exploration less attractive, Norway is betting on success in the Barents Sea, thought to hold more than 40 percent of its undiscovered resources. The Nordic country’s oil output, still western Europe’s biggest, has been more than halved since a 2000 record.
Categories: Arctic, Europe