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
A fireball goes up at the site of an oil train derailment Monday, Dec 30, 2013, in Casselton, N.D. The train carrying crude oil derailed near Casselton Monday afternoon. Several explosions were reported as some cars on the mile-long train caught fire. (AP Photo/Bruce Crummy)

Oil by rail poses ‘ridiculous threat’, former North Dakota governor says

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Former North Dakota governor and Casselton native George Sinner wants new regulations placed upon railroads that transport crude oil from the state.
Categories: Accidents, Crude oil
Former Alaska Gov. Sarah Palin (AP file photo/Ed Andrieski)

Oil companies drive Alaska crude comeback as Palin tax dies

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BP Plc and ConocoPhillips, looking to benefit from the repeal of an Alaska oil tax championed by Sarah Palin when she was governor, are chasing enough crude to end the state’s two-decade-long slump in production.
Categories: Arctic, Crude oil

(AP Photo/Mark Lennihan)

Hess files for tax-free spinoff of gasoline-station network

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Hess is the largest owner of convenience stores along the East Coast.
Categories: Deals
(AP Photo/Rick Bowmer)

Oil drops 1.4 percent on rise in gasoline supply

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The Energy Department said supplies of gasoline rose by nearly 3 percent.
Categories: Crude oil, Gasoline
Thomas "Tom" Donohue, president and chief executive officer of the U.S. Chamber of Commerce, speaks in Washington, D.C., U.S., on Wednesday, Jan. 8, 2014. (Andrew Harrer/Bloomberg)

Chamber of Commerce joins call to lift ban on US oil exports

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The Chamber of Commerce added its voice to the growing clamor to export American oil on Wednesday, with the group’s CEO casting a U.S. ban on foreign crude sales as antiquated policy that is on its way out.
Green Mountain Energy is building a 10-kilowatt demonstration solar system at the existing Elbow Creek wind farm near Big Spring in West Texas.

Role of Texas wind power debated after winter emergency

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Critics say Monday’s close brush with blackouts raises questions about the role of wind in grid reliability.
Categories: Electricity, Wind
Thomas "Tom" Donohue, president and chief executive officer of the U.S. Chamber of Commerce, speaks in Washington, D.C., U.S., on Wednesday, Jan. 8, 2014. (Andrew Harrer/Bloomberg)

‘Shallow politics’ at root of Keystone delay, Chamber CEO says

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The nation’s top business lobbyist on Wednesday blamed long delays vetting the Keystone XL pipeline on “shallow domestic politics.”