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
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
(Photo: Loozrboy/Flickr)

Southcross begins work on $125M pipeline in Eagle Ford

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Southcross Energy Partners has started to build a 94-mile pipeline in a natural gas-rich region in the Eagle Ford Shale, a $125 million project expected to begin piping gas later this year.
Categories: Eagle Ford, Pipelines
A crewman directs a pipe for the southern leg of TransCanada's Keystone XL project in Wood County, Texas. The northern leg has not yet received approval from the Obama administration. (Cody Duty / Houston Chronicle)

Keystone report said likely to disappoint pipeline foes

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The U.S. State Department is preparing to issue a report as soon as today that will probably disappoint environmental groups and opponents of the Keystone XL pipeline, according to people briefed on agency discussions.