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

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

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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
Shown is the lower half of a failed lower marine riser package connector. (Photo: Bureau of Safety and Environmental Enforcement)

Investigation tracks failure of subsea bolts

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The failure of a bolt used to affix emergency equipment to a subsea well in the Gulf of Mexico should spur the oil industry to write new standards for fasteners and the oversight of contractors working offshore, investigators say.
Categories: Offshore
Exxon Mobil has about 86 percent of its oil and gas production in what rating agencies consider less risky OECD countries, according to the analysis.(Carlos Javier Sanchez/ Special to the Chronicle)

Most majors keep investments in lower risk countries, report says

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Major oil and gas companies have continued to base the majority of production in low-risk countries, with a handful of exceptions, according to a new analysis.

Enrique Pena Nieto

Mexico enacts gas, oil opening

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Mexican President Enrique Pena Nieto has signed into law the rules governing a historic opening of the state-run oil, gas and electricity industries to foreign and private companies.
Ships dock at the Kinder Morgan's BOSTCO storage terminals at the Houston Ship Channel on Monday, May 19, 2014, in La Porte. ( J. Patric Schneider / For the Chronicle )

Kinder: Time to move on from MLP that built empire

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Kinder Morgan shares surged Monday as the firm’s co-founder, Richard Kinder, explained on a conference call his reasoning behind the deal.
Categories: Deals, People, Pipelines
A drilling rig working for Houston-based Vaalco Energy approaches  the Ebouri platform, offshore Gabon. (Vaalco Energy)

Marathon, Noble announce exploration contracts in offshore Gabon

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Houston-based oil and gas independents Marathon Oil and Noble Energy announced separate deals with the government of Gabon to explore in deep water off the coast of the West African nation.
Photo:  jobmarket.nytimes.com

Protecting the term “engineer”, part 2

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The piece I wrote last week on doing more to protect the title of “engineer” drew a really heated response, so much so that I thought the matter merited a follow up post with some clarifications.
Work crews work at the Kinder Morgan's BOSTCO storage terminals at the Houston Ship Channel on Monday, May 19, 2014, in La Porte. (J. Patric Schneider/For the Chronicle)

Kinder Morgan to unite a house divided in $44 billion deal

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Kinder Morgan Inc. will acquire three publicly traded subsidiaries in a $44 billion deal combining the components of the giant Houston-based pipeline empire.