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
Cheniere Energy already is expanding this LNG plant in Louisiana, but federal agencies are in conflict over plans for a Texas facility. (Cheniere Energy)

Manufacturers call for halt on natural gas export approvals

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Dow Chemical and other big industrial users of natural gas are imploring the Obama administration to stop approving licenses to broadly export the fossil fuel.
(AP Photo/Seth Perlman)

Climate change warning stickers on gasoline pumps?

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A group of Bay Area environmentalists wants to slap warning stickers on gasoline pumps, telling drivers that the fuel they’re buying is cooking the planet. The stickers would constantly remind consumers of the link between driving and climate change.

The C-MAX Solar Energi Concept car is displayed at the January 2014 International CES gadget show. Ford's solar-powered vehicle offers the same performance as a plug-in hybrid. (AP Photo/Ford)

Alternative energy powered cars on a roll at gadget show (photos)

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While autonomous driving is a major theme at the International CES gadget show, cars that use futuristic sources of energy are potentially much closer on the horizon.
Categories: Transportation
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Chevron oil production falls, refining improves

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Chevron Corp. said its oil and gas production fell in the first two months of the fourth quarter because of planned maintenance and other downtime at facilities in the Gulf of Mexico, Australia and Angola.
Categories: Production
A boat of tourists moves on Dubai creek, with the city skyline in the background in Dubai, United Arab Emirates. (AP file photo/Kamran Jebreili)

Oil giants will pay more for UAE oil as 75-year pact ends

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The largest U.S. and European oil companies will pay more for Abu Dhabi crude when the end of a 75-year partnership reduces their direct stakes in the emirate’s output, according to two people with knowledge of the matter.
Categories: Middle East
The Baker Hughes research and development building in Tomball, Texas. (Todd Spoth/For the Chronicle)

Iraq protest costs Baker Hughes $80M

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A protest that left damage to Baker Hughes’ main facility in Iraq cost the company $80 million in profit in the fourth quarter, the company said Friday.
Smoke rises from oil refineries after explosion in Qingdao in east China's Shandong province, Friday, Nov. 22, 2013.  (AP)

China punishes state oil refiner chief over blast

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Chinese authorities are holding the chief of China’s largest oil refiner responsible for a November pipeline explosion that killed 62 people and injured scores of others.
Categories: Accidents, Asia