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

Eagle Ford measurement technology conference set for Corpus Christi

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The Corpus Christi Area Measurement Society School and Exhibition will be Feb. 11-12 at the Omni Bayfront Hotel in Corpus Christi. The event will focus on hydrocarbon measurement technologies for gas and liquids in the Eagle Ford Shale. Measurement requirements and challenges in the region – including high hydrogen sulfide and significant levels of paraffin in the produced […]
Categories: Uncategorized
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)

TransCanada will look at rail if Keystone XL rejected

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The chief executive of TransCanada said Wednesday if the Obama administration doesn’t approve the controversial Keystone XL pipeline his company will look to the more dangerous alternative of building build rail terminals in Alberta and Oklahoma.
Categories: Keystone XL

Storage tanks at Kinder Morgan's BOSTCO terminal project on the Houston Ship Channel. (source: Kinder Morgan)

Kinder Morgan earnings jump 26 percent in fourth quarter

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Earnings for Kinder Morgan Energy Partners jumped 26 percent in the fourth quarter of 2013, capping up a year of major growth for the business, the company reported Wednesday.
The University of Aberdeen is testing unmanned flying drones to recover more of the oil reserves from the North Sea and beyond by studying geology from the sky. (SAFARI project)

Aerial drones developed to locate deep-sea oil and gas (photos)

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Drones soon could make waves in the North Sea, the latest oil-rich region to test the unmanned flying machines’ use in locating and extracting oil and gas reserves.
Categories: Europe, featured, Offshore
Lucas Hunter from Pittsburgh, walks to his hotel along Camp Road in Hamburg, N.Y. after a stretch of the New York State thruway  was closed down due to high winds Tuesday, Jan. 7, 2014. (AP Photo/The Buffalo News, Harry Scull Jr.)

Texas power prices jumped more than states hit harder by polar vortex

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Texas power prices increased more than 1000 percent over the previous day last Tuesday, a much larger increase than the 200 percent to 400 percent increase on East Coast markets, according to an analysis by ICF International.
Categories: Electricity
Photo:  www.usfbap.org

What young professionals in oil & gas need to know about finding a mentor

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This week, help for someone looking for some advice on mentorship!
BP CEO Bob Dudley speaks at an energy conference in Houston. (Johnny Hanson/Houston Chronicle)

US energy production will surpass consumption by 2035, BP forecasts

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U.S. energy production will far outpace its consumption by 2035 as growth in natural gas and renewable sources eclipse the use of oil and coal, according to a new report from BP.