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
SPECTRA ENERGY LOGO

Spectra halts Pennsylvania pipeline plans

on
Houston-based Spectra Energy is suspending work on a pipeline that would have moved natural gas from Pennsylvania to North Carolina.
Categories: Pipelines
A receiving terminal at the Dominion Cove Point LNG facility on the Maryland shores of the Chesapeake Bay sits empty. Although Dominion built the facility years ago to accept tanker shipments of liquefied natural gas to help supply U.S. power and heating needs, the surge in domestic production of the fossil fuel has removed the need for those imports. Dominion is asking federal regulators for permission to install new liquefaction equipment at the plant so it can instead export natural gas harvested in the United States. (Jennifer A. Dlouhy)

Judge rules against Dominion LNG in zoning dispute

on
A judge’s ruling could mean new delays for a proposed Maryland facility to liquefy and export natural gas.
Categories: General, LNG

A series of pipes direct natural gas in Bismarck, North Dakota. (Daniel Acker/Bloomberg)

Texas weighs new pipeline rules

on
Some Texas attorneys think proposed changes to state eminent domain rules for oil and gas pipeline operators don’t go far enough to protect people from the companies that take their land.
Categories: Pipelines, Texas
Halliburton ad

Halliburton goes on airwaves in Colorado (video)

on
Halliburton Co. is hitting the airwaves in Colorado on Wednesday with a new television ad meant to burnish the image of the Houston-based oilfield service firm and the hydraulic fracturing operations it conducts across the U.S.

Devon: 73,000 daily barrels and rising in the Eagle Ford

on
Eagle Ford Shale newcomer Devon Energy keeps ramping up its South Texas production. Oklahoma City-based Devon was making about 49,000 barrels of oil equivalent per day in March after it acquired 82,000-acres in South Texas from GeoSouthern. By the end of June, Devon was making around 73,000 barrels daily, according to its recent earnings call […]
Categories: Uncategorized
A sign at the entrance to the Schlumberger campus in Sugar Land, Texas (AP Photo/Pat Sullivan, file)

Schlumberger: Russian sanctions could affect profits

on
Schlumberger is the third international oil field services company with Houston operations to warn that U.S. and European Union sanctions against Russian may start hurting profit.
(Apache Corp.)

Slaying of Apache Corp. worker underscores dangers in Egypt

on
The shooting death of an Apache Corp. oil worker in Egypt last week underscored the dangers of working in Egypt’s remote oil patches, and may make investors nervous about the Houston company’s continued presence there.