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
(Valero Energy photo)

Gulf Coast to benefit from refinery retrofits

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Refiners are scrambling for ways to process newly abundant light crude from U.S. shale, and much of their construction and retrofitting investment will be on the Gulf Coast.
Categories: Crude oil, General, Refining
Houston-based Blue Dolphin Energy's refinery in Nixon 54 miles east of San Antonio gets all its crude from the nearby Eagle Ford Shale.

Eagle Ford wave lifts Blue Dolphin Energy refinery

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Houston-based Blue Dolphin Energy is turning a p;rofit on a refinery east of San Antonio that gets all its feedstock from the Eagle Ford Shale.
Categories: Eagle Ford, General, Refining

Cleanup is underway near the Beckjord Power Plant, in New Richmond, Ohio, after an estimated 5,000 to 8,000 gallons of fuel oil spilled into the Ohio River, closing about a 15-mile section of the waterway southeast of Cincinnati, on Tuesday. (AP Photo/The Cincinnati Enquirer, Amanda Rossmann)

Officials say oil spill sheen dissipating in Ohio River

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The U.S. Environmental Protection Agency is coordinating the response to the spill, which occurred at a Duke Energy power plant near Cincinnati.
Categories: Accidents, Environment
Endicott was the first continuously producing offshore field in the Arctic and located about 3 miles offshore on Alaska’s North Slope.  (BP)

Voters go with oil companies in fight over Alaska taxes

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Alaskans narrowly defeated an effort to repeal an industry-friendly oil tax regime adopted last year.
This photo taken on Sunday, Aug. 17, 2014, and provided by Robert A. Franco, shows a billboard in Coshocton, Ohio opposing deep-injection wells . Michael Boals, an Ohio man who uses a biblical reference and a statement against “poisoned waters” on billboards opposing local deep-injection wells is fighting a legal threat from the Texas well owner on grounds he’s exercising his free speech. (AP Photo/Robert A. Franco)

Brine firm sues over biblical fracturing billboard

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The complaint by the company contends the wells are safe, legal and meet all state safety standards.
(epSos.de/Flickr)

Crude prices rise as supply dips

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Oil prices generally rebounded Wednesday as a report by the U.S. Energy Information Administration indicated that supplies of crude oil fell through the week ending Aug. 15.
Categories: Crude oil, General

Rigzone: More than 4,000 new oil and gas jobs in Texas

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Oil and gas companies added more than 10,500 new jobs in the U.S. in the second quarter of the year. More than 4,000 of those new jobs were in Texas, according to Rigzone, which analyzed data from the Bureau of Labor Statistics. There are now around 113,900 oil industry jobs in Texas. “If I could sum […]
Categories: Uncategorized