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

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(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
(AP Photo/Mike Groll, File)

Property owners threaten second suit over delay on fracking study

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A coalition of property owners announced that it will sue New York state over its delay in issuing a long-awaited environmental impact statement on hydraulic fracturing unless the state provides a reasonable timeline by Feb. 13 for finalizing the process.
After five years waiting for U.S. approval the need for Keystone isn’t as urgent for companies such as Suncor Energy Inc.  (Brent Lewin/Bloomberg)

Keystone ardor cools as oil sands producers find other routes

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Producers have become less reliant on Keystone XL as new rail terminals increase their ability to ship oil on trains. And support has grown for other pipeline proposals, including a separate TransCanada project that would carry crude from Alberta to the nation’s Atlantic Coast.
Categories: Keystone XL, Pipelines

Photo:  wikipedia.org

Does the Google Glass design philosophy clash with oil & gas industry trends?

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The biggest challenge I see as I embark on this journey to explore how Glass (and wearable technology generally) can be adapted to oil & gas applications is that the oil & gas industry’s data needs are growing larger and larger (the result of more challenging wells) while displays continue to shrink.
(Image: Fotolia)

Oil drops on weaker U.S., China manufacturing data

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Benchmark oil fell $1.06 to close at $96.43 a barrel.
Categories: Crude oil, Markets
William Chiles, president and CEO of Bristow Group, is shown  in his office in Houston in 2007. (Houston Chronicle file)

Bristow Group CEO Chiles to retire in July

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The company is a provider of helicopter services to the offshore energy industry.
Categories: Offshore
An attendant fills a tank at a Shell gas station in Buenos Aires. Shell increased prices an average of 12 percent. (AP Photo/Victor R. Caivano)

Argentina slams Shell for fuel price hike

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President Cristina Fernandez’s government has issued several price control programs to try to tame inflation.
Categories: Latin America
(Photo: Anadarko)

Anadarko reports loss as it braces for environmental payment

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Anadarko Petroleum Corp. reported a fourth-quarter loss of $770 million on Monday as it set aside funds to pay for environmental and health claims.
Categories: Crude oil, Natural gas