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
Protestors at the National Mall call on President Obama to reject the Keystone XL pipeline on Feb. 17, 2013. (AP Photo/Manuel Balce Ceneta)

Keystone XL pressure mounts before State of the Union

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President Barack Obama isn’t likely to utter a word about the controversial Keystone XL pipeline during his State of the Union address Tuesday night — but that isn’t stopping fans and foes of the project from pressing the issue as the White House puts the final touches on the speech.
The NFL logo at midfield of MetLife Stadium is illuminated by lights on television reporters' videocameras as members of the media are given a tour under a tarp used by crews to keep the turf dry ahead of Super Bowl XLVIII in East Rutherford, N.J. (AP Photo/Julio Cortez, File)

Super Bowl will be coldest, could also be greenest

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The National Football League has sought to gradually reduce the footprint left behind by the Big Game, and the league is taking steps to make the Feb. 2 Super Bowl at MetLife Stadium the most environmentally friendly yet, from planting trees to offset carbon emissions to composting food waste to using biodiesel to power generators.

A security guard stands at the Maroun Petrochemical plant at the Imam Khomeini port, southwestern Iran. (AP Photo/Vahid Salemi, File)

US official warns against business deals with Iran

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Companies should “hold off” doing business in Iran because many of the sanctions against the country are still in place despite an interim nuclear deal, the top U.S. Treasury official warned Monday.
Iranian flag

Iran to woo oil companies with ‘sexy’ contracts, Total CEO says

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Iran plans to offer oil companies improved terms to develop oil and natural gas fields once a trade embargo against the country is lifted, Total SA (FP) Chief Executive Officer Christophe de Margerie said.
Categories: Crude oil, Middle East
The growth of renewable energy could slow unless the industry gets more certainty about policies surrounding them, the International Energy Agency said in a new report. (Sean Gallup/Getty Images)

Germany tax on own use of renewables is first in Europe

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Germany is set to become the first nation inEurope to charge owners of renewable energy plants for their own use of electricity, part of Chancellor Angela Merkel’s effort to contain rising power bills.
Categories: Europe, Solar, Wind
Kurt Mix (center) arrives at the Hale Boggs Federal Building in New Orleans, Tuesday, Dec. 3, 2013.  (AP Photo/Jonathan Bachman)

Juror interviews at issue in ex-BP engineer’s case

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A former BP engineer is basing his request for a new trial on improper interviews with jurors who had convicted him of trying to obstruct a federal investigation of the company’s 2010 Gulf oil spill, federal prosecutors say.
Gustavo Madero, president of Mexico's National Action Party, speaks at the Mayer Brown law firm's Mexico Energy Reform Breakfast Seminar on Jan. 21, 2014, at the Four Seasons Hotel in Houston. (Emily Pickrell/Houston Chronicle)

Mexico’s opposition leader discusses impact of energy policy overhaul

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During a visit to Houston last week, Gustavo Madero, president of Mexico’s opposition National Action Party, spoke with FuelFix about how the nation’s new energy reform policy will affect Pemex and other aspects of the nation’s energy landscape.