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
An ERCOT worker mans a desk in the Texas electric grid manager's Austin control room. (Photo: ERCOT/Tom Reel)

Debate on revamping Texas grid delayed

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Texas regulators put off further discussions on modifying the electricity market until mid-May.
Solar panels are installed in Arlington, Ariz.  (AP Photo/Ross D. Franklin, File)

European green energy fears losing investments on ‘weak’ targets

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Wind and solar power producers said they’re at risk of losing investment after the European Union’s executive arm scrapped proposals for a mandatory target on renewable energy in 2030.
Categories: Europe, Solar, Wind

Man walks by solar panels in China (AP photo)

China installed a record 12 gigawatts of solar in 2013

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China installed a record 12 gigawatts of solar panels in 2013, almost matching the total amount of solar power in operation in the U.S., and may exceed that in 2014, according to data compiled by Bloomberg.
Categories: Asia, Solar
(Image: Fotolia)

Oil slips to $97 after rally

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The price of oil slipped back to near $97 a barrel Friday, interrupting a sustained rally on expectations for increased demand.
Turbines at Pattern Energy's Gulf Wind project in Kenedy County, Texas are silhouetted by a sunset. (Pattern Energy)

Two countries dominate world’s green energy workforce, report says

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About 5.7 million people work in the renewable energy sector globally, with two countries hosting nearly half of the world’s green energy jobs, according to a new research report.
Categories: Solar, Wind
An Ensco in the Gulf of Mexico prepares drilling a bypass well for Noble Energy. (Jennifer A. Dlouhy/Houston Chronicle)

Noble leads offshore drillers lower amid rig slowdown

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Noble Corp. led a decline among offshore deep-water drilling contractors after saying the industry may be experiencing a “pause in the cycle” after years of growth fueled by oil and natural gas discoveries.
(AP Photo/Mark Lennihan, File)

First Solar announces plant for West Texas

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First Solar Inc. has announced plans for a power plant in West Texas.
Categories: Electricity, Solar