Fuel Fix

More oil rigs shut down this week

Categories: Crude oil, featured, Markets
The number of U.S. rigs chasing oil fell to a total of 646 this week, according to a weekly tally by oil service company Baker Hughes.
Alan Sadler

Feds’ plan to boost biofuel targets draws fire from all sides

In trying to balance the competing interests of oil companies and biofuel producers, the Environmental Protection Agency’s proposed renewable fuel quotas for 2014, 2015 and 2016 have pleased almost no one.

A drill rig works in  Ohio. (AP Photo/Tony Dejak)

Ohio shale well tax hike proposal under debate

Lawmakers will hear from backers of a proposal to increase taxes on horizontally drilled shale wells in Ohio on Wednesday.
Categories: Politics/Policy
A hydrogen-powered truck. (Vision Motor Corp.)

Fuel-cell company wins federal funding to boost range of electric trucks

Plug Power Inc., a maker of fuel-cells for warehouse forklifts, rose to a 32-month high after winning U.S. Energy Department funding to adapt its systems to extend the range of electric trucks.
Categories: Transportation

(Dado Galdieri/Bloomberg)

Prime Minister: Ivory Coast’s soaring oil output will rival Ghana

Ivory Coast Prime Minister Daniel Kablan Duncan said his nation will boost oil production within five years to 200,000 barrels a day, rivaling neighboring Ghana as stability returns to a country racked by a decade of turmoil.
Categories: Africa, Crude oil, Production
SandRidge’s Bullwinkle project is part of the company's $750 million deal to sell its Gulf of Mexico assets to Fieldwood Energy. (SandRidge Energy)

Houston firm expands Gulf of Mexico holdings with $750M deal

Houston-based Fieldwood Energy plans to pay $750 million for 150 blocks in the shallow waters of the Gulf of Mexico.
Categories: Deals, Gulf of Mexico

Eagle Ford job fairs: Get your resumes ready

Two job fairs are scheduled this month seeking workers for the Eagle Ford Shale.
Categories: Eagle Ford, Workforce
Mikal Watts, shown in  2007.

Fishermen sue Texas lawyer in spill claims dispute

The lawsuit alleges Mikal Watts failed to file claims for at least 98 percent of the 44,000 clients he claimed to represent.
Categories: Gulf oil spill
Anna Willis, owner of ModernVintage Salon in Marion, Ind., clears snow in front of her business Tuesday.  More than 13 inches of snow fell on the area as temperatures plunged to a record 14 below zero Monday night.  (AP Photo/The Chronicle-Tribune, Jeff Morehead)

Cold snap bolsters crude prices

The use of heating oil is expected to surge.

Categories: Crude oil