Fuel Fix

(Photo by Eddie Seal for Bloomberg News)

U.S. oil rig count jumps up by a dozen, the first increase in 2015

on
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

on
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

    on
    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
(AP Photo/Toby Talbot, File)

New lawsuit filed against Cape Wind power project

on
Opponents of a proposed wind farm in Nantucket Sound have filed a federal lawsuit saying the state overstepped its authority when it brokered an agreement for a major utility to buy power from the project.
Categories: Legal issues, Wind
(AP photo)

European Union relaxes renewables target

on
The European Commission is shying away from more ambitious mandatory renewable energy goals in its fight against climate change.
Categories: Environment, Europe

Oil Barrel

Oil above $95 as IMF raises global growth forecast

on
The price of oil rose Wednesday amid expectations for solid demand after the International Monetary Fund raised its growth forecasts for the world and U.S. economies.
Categories: Crude oil, Markets
Searchers dig through the rubble for victims of the inferno in Lac-Megantic, Quebec, Monday, July 8, 2013, as  firefighter continue to hose down tanker cars to prevent explosions.  A runaway train derailed igniting tanker cars carrying crude oil .  (AP Photo/ THE CANADIAN PRESS,Ryan Remiorz)

Railroad in deadly Canada derailment auctioned off

on
A Chapter 11 trustee had said the goal was to recoup losses for creditors while keeping the entire rail line in operation.

Categories: Accidents, Canada, Rail
(martinluff/Flickr)

Texans shaken by quakes demand halt on injection wells (video)

on
Residents of a North Texas town that has been shaken by a rash of earthquakes descended on a meeting of state regulators Tuesday and called for a moratorium on nearby injection wells.
Categories: Politics/Policy, Weather
An INOXCVA mobile refueling system was on display at the company's Baytown plant on Jan. 21, 2013. (Zain Shauk/Houston Chronicle)

Portable LNG system could solve oil field refueling problems

on
Some energy companies have started moving water and sand to oil fields on trucks powered by natural gas, but refueling them can sometimes be a challenge.
Sen. Charles Grassley, R-Iowa, questions a witness during a Senate hearing on Capitol Hill. (AP Photo/Cliff Owen)

GOP senator: Obama set to give big gift to Big Oil

on
Unless President Barack Obama wants to give a big gift to “Big Oil,” he needs to personally intervene in a fight over the nation’s renewable fuels policy, a Republican Sen. Chuck Grassley said Tuesday.