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
ExxonLogo

Google briefly tops Exxon Mobil in value

on
Exxon Mobil has been under pressure since it reported fourth-quarter output declined last month.
Categories: Markets
(Image: Fotolia)

Oil briefly tops $100 as demand for fuel rises

on
Benchmark U.S. crude gained $2.04 to close at $99.88 a barrel.

Sen. Ron Wyden, D-Ore. and chairman of the Senate Energy and Natural Resources Committee, speaks to reporters on Capitol Hill in Washington about projects to export liquefied natural gas (LNG) under review by the Energy Department. (AP Photo/Harry Hamburg, File)

Senators worried crude exports would send gas prices higher

on
Two powerful Senate Democrats want to know whether Americans will pay more at the pump if the government relaxes a decades-old ban on exporting U.S. crude.
(Daniel Acker/Bloomberg)

Uproar over Keystone far outweighs pipeline’s potential effect, analysts say

on
Both sides of the national furor over the Keystone XL Pipeline are reading too much into a recent government report on the pipeline’s environmental impact, and it’s possible that the political controversy has outgrown the proposed pipe itself, according to Wood Mackenzie.

Corpus port opens a $41 million extension

on
  The Port of Corpus Christi this week is opening the $41 million extension of its La Quinta Channel. The project extends the ship channel 1.4 miles to a depth of 41 feet. It also includes breakwater and shore protection for 45 acres of seagrass habitat, as well as 200 acres of shallow water habitat created […]
Categories: Uncategorized
Rep. John Shimkus, R-Ill., speaks during a rally in October 2010 in Collinsville, Ill. (AP Photo/Jeff Roberson)

Republican lawmakers divided on oil exports

on
Oil companies eager to sell U.S. crude overseas are pushing Congress to relax a 39-year-old ban on those exports, but even reliable allies on Capitol Hill are wary. Rep. John Shimkus, R-Ill., said there is a kind of “schizophrenia” around the issue on Capitol Hill.
Categories: Markets, Politics/Policy
(Bill Montgomery photo/Houston Chronicle)

Power conservation alert ends

on
The agency that operates most of Texas’ power grid has canceled a conservation alert tied to cold weather.
Categories: Electricity