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
A Tesoro Corp. refinery, including a gas flare that is part normal plant operations, is shown Friday, April 2, 2010, in Anacortes, Wash. (AP file photo/Ted S. Warren)

Investigators delay finalizing report on fatal Tesoro refinery blast

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The U.S. Chemical Safety Board has delayed finalizing its investigative report into an April 2010 explosion that killed seven workers at the Tesoro refinery in Anacortes, prompting criticism from its own members and others.
Categories: Accidents, Refining
Workers assemble solar panels on the factory floor of Chinese company Suntech in the eastern city of Wuxi. (PETER PARKS / AFP)

Solar mergers likely to accelerate, industry exec says

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Trina Solar Ltd. Chairman Jifan Gao said he expects three to five “leading” solar companies to remain in China by 2017, with 80 percent of the country’s market share.
Categories: Solar

A Sanchez Energy drilling site in Fayette County, in the Eagle Ford Shale. (Sanchez Energy)

Sanchez Energy output surges in the Eagle Ford

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An oil gusher in the Eagle Ford Shale lifted Sanchez Energy’s daily production last year to seven times its level the year before, as it adopted advances like pad drilling.
Vice President Joe Biden and House Speaker John Boehner of Ohio applaud President Barack Obama as he gives his State of the Union address during a joint session of Congress on Capitol Hill in Washington, Tuesday Feb. 12, 2013. (AP Photo/Charles Dharapak, Pool)

Obama likely to target natural gas, climate change in State of the Union

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Energy issues may figure prominently in President Barack Obama’s State of the Union address on Tuesday night.
Shell-Logo-323x300

Shell said to seek buyers for stake in Ho-Ho Pipeline

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Shell is working with Barclays to solicit offers for a stake of as much as $1 billion.
Categories: Pipelines
The Competitive Renewable Energy Zones  initiative lines were designed to move electricity generated by renewable energy from the remote parts of Texas to more heavily populated areas. Oncor completed 37 stations and equipment for this project, as well as more than 900 miles of transmission lines. (photo: Oncor)

New power lines may be coming to Houston

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Texas grid planners are evaluating proposals for $3.6 billion in transmission projects over the next five years, including upgrades in lines serving the Houston area.
Categories: Electricity
Oil Barrel

Oil falls below $96 as parts of U.S. set to thaw out

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The price of oil inched up to around $97 a barrel Monday but gains were tempered by the prospect of a further reduction in U.S. central bank stimulus and stock market headwinds.