Fuel Fix

(AP Photo/Gerald Herbert, File)

BP to settle Deepwater Horizon claims for $18.7 billion

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Categories: featured, Gulf oil spill
P 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.

BP to settle Deepwater Horizon claims for $18.7 billion

on
Categories: featured, Gulf oil spill
(AP Photo/Gerald Herbert, File)
P 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.
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

A production facility in the Gulf of Mexico. (Simone Sebastian/Houston Chronicle)

Kill attempt to come for well spewing gas off Gulf coast

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Crews continued to work Friday to stop natural gas flowing from a drilling rig off the Louisiana coast, and the Coast Guard said workers had managed to cut the flow in half.
(fotolia)

Report: Lower power reserve margin would be more economic for Texas

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Texas should keep a 10.2 percent to 14.1 percent cushion of electric generation capacity, according to a report Friday that will inform and probably intensify a politically charged debate over the future of the state power market.
Categories: Eagle Ford, Electricity

Trucker Glenn Ingram of Elk Grove, Calif., collects his chains during a winter storm, Thursday in the Donner Summit/Boreal region in Nevada. . (AP Photo/The Reno Gazette-Journal,  Tim Dunn)

Pump prices fell in January as drivers stayed home

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Benchmark crude oil for March delivery fell 74 cents to close at $97.49 a barrel.
Photo:  www.wikipedia.org

The beginning of my adventure with Google Glass for oil & gas

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In order to show just how great the potential for Glass is, Google is actively looking for storytellers or “Explorers” (like this fireman) to show how they can apply this technology to their areas of technical expertise. Today I am incredibly excited that I was invited to be a part of the Explorer program.
Crewmen lower a pipe for TransCanada's Keystone XL project into the ground in Wood County, Texas. (Cody Duty / Houston Chronicle)

Pivotal Keystone XL study seen boosting chances for approval

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The State Department on Friday said the Keystone XL pipeline is unlikely to dramatically boost demand for Canada’s oil sands, delivering a verdict that angered environmentalists even as it gave President Barack Obama the evidence he needs to approve the controversial project.
An LNG import tanker neared a terminal in Texas in 2008. (Guiseppe Barranco/Beaumont Enterprise)

Dramatic shifts underway in Americas energy trade

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The rapid growth of U.S. oil and gas production is dramatically changing trade patterns in the region, and next year’s expansion of the Panama Canal likely will prompt even more dramatic shifts, according to a new report from the U.S. Energy Information Administration.
Categories: Asia, LNG, Markets
Shell's Kulluk drilling rig, shown under tow in January 2013 after running aground in Alaska, must go to Asia for repairs.

Court ruling insulates foes and fans of Arctic drilling

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In the heated political battle over drilling in chilly Alaskan seas, a court ruling drilling proponents blame for thwarting the activity provides handy cover for stakeholders from Anchorage to Washington.
Categories: Arctic, Politics/Policy