Fuel Fix

(Photo by Eddie Seal for Bloomberg News)

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

on
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

on
(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

on
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

    on
    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
A crew cleans oil from the beach at Refugio State Beach on May 20, 2015 north of Goleta, Calif.  (Photo by David McNew/Getty Images)

Fisherman sues Houston pipeline owner over Santa Barbara oil spill

on
Stace Cheverez filed a lawsuit on Monday in Los Angeles federal court against Plains All American Pipeline. Cheverez says Plains has a poor safety record and doesn’t have proper safety equipment.
Categories: Accidents, Pipelines
Senior project engineer Andy Aronson, left, and operations engineer Joel Vincent examine equipment at the Siluria Technologies plant in La Porte, where the company is testing processes it says could reduce the costs of making chemical building blocks and motor fuels from natural gas
Siluria Technologies at Braskem chemical plant on Friday March 27, 2015 in La Porte, Texas. 

Photo by Aaron M. Sprecher

Brazil’s biggest petrochem company considering Gulf Coast for massive natural gas project

on
The factory would produce at least 1 billion pounds (450,000 metric tons) of resin a year and would be the U.S. polypropylene industry’s first world-scale project in about 12 years, said Mark Nikolich, a vice president at Braskem.
Categories: Chemicals, Natural gas

North Dakota Attorney General Wayne Stenehjem, right, answers questions during a news conference after the announcement of the formation of the Bakken Organized Crime Strike Force, Wednesday, June 3, 2015, at the State Capitol in Bismarck, N.D. Also at the announcement were, from left, Bruce Ohr, with the U.S. Department of Justice, Montana U.S. Attorney Mike Cotter and acting North Dakota U.S. Attorney Chris Myers. The strike force is aimed to fight organized crime, which has been blamed for much of the increase in human trafficking, violent offenses and drugs in the region. (Mike McCleary/The Bismarck Tribune via AP)

Feds debut new tactics to fight Bakken crime wave

on
The response was made to growing pleas from residents in the two states for more help in dealing with crime in the region that’s seen an influx of tens of thousands of oilfield workers in recent years.
Categories: Politics/Policy
Trimac Transportation driver Robert Williams used the liquified natural gas lane to fill his truck at the Flying J truck stop on I-10 East in Baytown Thursday Aug. 23, 2012.(Dave Rossman/For the Chronicle)

Natural gas could dent demand for oil as transportation fuel

on
HOUSTON — The surge in liquefied natural gas as a transportation fuel for truck fleets and ships could displace oil demand by more than 1.5 million barrels a day by 2030, according to a new study by IHS Energy. While 1.5 million barrels of oil may not seem like a large chunk of the 93.6 […]
Categories: Crude oil, Natural gas
A Linn Energy relief driller loads drill rods onto a rig in Indiana, Pennsylvania in the Appalachian Basin. (AP file photo/Andrew Rush)

Barclays: Expect production to rise for a few companies taking advantage of cheap oil

on
A handful of oil companies have sounded off a renewed sense of optimism as U.S. crude has hovered around $60 a barrel, with some saying they have even raised their annual production forecasts, according to Barclays.
Categories: featured, Production, Shale, Texas
Sylvester Turner

Legislation a Big Win for Electric Customers, Government Accountability

on
The Texas Coalition for Affordable Power encourages Gov. Greg Abbott to sign House Bill 1101, which was the single-most important bill for electric consumers during the 84th Legislative Session.
Categories: featured, General, p2
Views of oil pipelines and tanks at the Enbridge tank storage and pipeline facility in Cushing, Okla. on Friday Feb. 24, 2011. (Shane Bevel/Freelance)

Refinery demand pushes oil inventory down for fifth week

on
Commercial stores of crude oil fell by 1.9 million barrels nationwide, according to data from the U.S. Energy Information Administration.
Categories: Crude oil, Markets