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
(Image: Fotolia)

Oil hovers near $100 on hopes of US recovery

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Oil hovered near $100 a barrel Monday on hopes that the U.S. economic recovery can be sustained despite January’s poor payrolls report.
Categories: Crude oil, Markets
Scott Environmental Services operations manager Paul Kern, left, and supervisor Gumaro Herrera, test partially treated solid drilling waste. The company has developed processes for turning drilling waste into material for oil field roads and rig pads.

Q&A: Oil field leftovers don’t go to waste

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Blake Scott, the founder and president of Scott Environmental Services, has developed a way to turn solid drilling waste into a material that can be used to pave oil field roads and rig pads.
Categories: Environment

Steve Dahl, owner of the Perch Patrol, shows off the first perch he caught on Saturday, Feb. 8, 2014 on Devils Lake, ND. Fishing guide Dahl says ice fishing at Devils Lake in northeastern North Dakota is the best in two decades. But he says his guide service is suffering because of disruptions in train service to the region.  (AP Photo/Jackie Lorentz)

North Dakota oil shipments detour Amtrak trains

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The ice fishing in northeast North Dakota is the best it’s been in two decades, but some anglers can’t make it because trains handling freight and crude from the state’s oil patch are displacing Amtrak passenger service.
Categories: Crude oil, Rail
Leo Maldonado checks the engine while filling up his truck with natural gas at a station owned by Clean Energy, Friday, Jan. 31, 2014, in Houston.  The truck is owned by Lodge Lumber who hopes using natural gas instead of diesel will cut the company's fuel costs by 40 percent.  (Michael Paulsen / Houston Chronicle)

Smaller companies join move to natural gas vehicles

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Natural gas has become the fuel of choice for several large companies with vehicle fleets. Now, smaller firms are beginning to catch on to the trend, too.
(credit: Flickr)

Iran aiming to make oil contracts better for foreign investors

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Iran said Sunday it plans to introduce a new generation of oil contracts by June that promise to be more attractive to foreign investors as it seeks to significantly boost production should international sanctions hobbling its vital energy industry be lifted.
Earthquake2-DaveSchumaker-flickr

Researchers study string of Texas earthquakes

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FORT WORTH — Researchers collecting seismic data hope it allows them to determine what role wastewater injection wells have played in a string of small earthquakes northwest of Fort Worth. The area in northeast Parker County, about 15 miles northwest of Fort Worth, has experienced more than 30 small earthquakes since November. Last month more […]
(AP Photo/Skagit Valley Herald, Scott Terrell)

Tesoro updating rail oil cars with safer versions

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Tesoro Corp. said this week that it’s begun replacing its older rail cars used to transport crude oil with those of safer design. The San Antonio-based refiner said its rail-car fleet will consist entirely of the safer cars by mid-year.
Categories: Rail, Safety/Security