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
(FILE) A picture taken 30 May 2005 shows Imprisoned former head of the Yukos oil company, Mikhail Khodorkovsky  stands in the defendant's box in the courtroom in Moscow. The former boss of Russian oil giant Yukos, Mikhail Khodorkovsky, was attacked in his prison cell this week by a fellow inmate who slashed his face with a knife, Khordokovsky's press service said in a statement 15 April 2006. AFP PHOTO  / TATYANA MAKEYEVA

(Photo credit should read TATYANA MAKEYEVA/AFP/Getty Images)

Former oil tycoon, a Putin rival, suspected of ordering Russian mayor’s killing

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The announcement that investigators were considering whether to charge Mikhail Khodorkovsky with ordering the killing came as he is becoming an increasingly strong voice in Russian opposition politics.
Categories: Europe, Legal issues
Shell used the drillship Noble Discoverer for its 2012 drilling in the Chukchi Sea north of Alaska.  (Jennifer A. Dlouhy / The Houston Chronicle)

Shell’s Arctic drillship heads to Alaska

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The trip moves Shell physically closer to resuming exploratory oil drilling in the Arctic Ocean next month, even though the company is still seeking four essential federal approvals to launch the work.
Categories: Arctic

FILE - This Sept. 30, 2014 file photo shows the Colstrip Steam Electric Station operated by Talen Energy in southeastern Montana. Coal companies and their supporters scored a courtroom victory with a U.S. Supreme Court decision that said the Obama administration failed to take potential costs into account when it decided to regulate toxic emissions from many power plants, Monday, June 29, 2015. (AP Photo/Matthew Brown, File)

After mercury ruling, scrutiny of Obama climate rules grows

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The high court’s ruling undermined Obama administration regulations targeting mercury and other hazardous air pollutants — a different set of regulations from the greenhouse gas limits that Obama is counting on to slow the effects of global warming.
drill rig

Rig rout puts smaller drillers in front as oil majors scale back

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Sound Oil Plc, a Mediterranean producer one-500th the size of Eni SpA, will start exploring fields in Morocco and Italy toward the end of 2015 and early 2016, while Cairn Energy Plc and Savannah Petroleum Plc plan wells in West Africa.
Hermosa Beach (AP Photo/John Antczak)

Oil’s decline is making your Fourth of July barbecue cheaper

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Oil’s more than 40 percent drop in the past 12 months has helped to keep U.S. inflation muted, while bigger harvests pushed world food costs to the lowest since 2009.
Categories: Crude oil, Markets
NRG Energy Inc. Vice President Nuclear Oversight, James von Suskil speaks during a scheduled refueling outage on Unit 2 at the South Texas Project nuclear power facility Thursday, April 2, 2015, in Wadsworth.
(James Nielsen / Houston Chronicle)

Some Texas power companies already spent billions on EPA compliance, before Supreme Court ruling

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Many companies have already spent the money to retrofit or shut down the coal-fired power plants that were most affected. Other Texas power companies rely more on natural gas or nuclear power and actually supported the Environmental Protection Agency rule that went into effect in April.
The Polar Pioneer, a drilling rig contracted by Shell for Chukchi Sea exploration in 2015, is transported across the Pacific on the heavy-lift vessel Blue Marlin. (Photo: Vincenzo Floramo / Greenpeace)

Sea ice could keep Shell away from the Arctic until mid July

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Even if Shell wins all federal permits to drill in the Chukchi Sea this summer, sea ice could block it from launching the work until late July.
Categories: Arctic, Politics/Policy