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
(Dadang Tri/Bloomberg)

German power costs to fall further as coal expands

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Power prices in Germany, Europe’s biggest electricity market, probably will weaken for a record fourth consecutive year as utilities add the most coal-fired capacity in more than a decade.
Categories: Coal, Electricity, Europe
(Image: Fotolia)

Oil prices jump on bargain hunting

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Oil prices recovered Monday on bargain hunting after a week-long plunge.
Categories: Crude oil, Markets

(LEON NEAL/AFP/Getty Images)

Libya bars oil tanker headed to militia-held port

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A Defense Ministry official says Libya’s navy has prevented a Malta-flagged oil tanker from entering its territorial waters apparently en route to a militia that has shut down oil terminals for months in a challenge to the government.
Categories: Africa, Crude oil
Tanglewood Wealth Management Senior Investment Officer Curtis J. Holden. ( James Nielsen / Houston Chronicle )

Know the MLP pitfalls before putting money in

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Last year, Wall Street acquired a taste for a rare vintage in the oil and gas business: the master limited partnership. But it’s a complex security, and the average investor could run into unexpected pitfalls while stockpiling MLP units.
Categories: Finance/Earnings
Tamar offshore rig, off the coast of Israel
 (Albatross via Getty Images)

Noble Energy and Israeli partners ink deal to supply West Bank plant

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Noble Energy and its Israeli partners in an offshore natural gas field will get about $1.2 billion to supply a Palestinian power plant in the West Bank for the next 20 years.
(Photo: Zach Heller Photography)

Water pollution from drilling confirmed in some states. But not Texas.

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In at least four states that have nurtured the nation’s energy boom, hundreds of complaints have been made about well-water contamination from oil or gas drilling, and pollution was confirmed in a number of them.
Categories: Environment
(Photo: Flickr/Mohan R)

Oil glut stirs debate over US crude exports

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The climb in domestic crude production has created a dilemma for both lawmakers and the White House, who are facing new pressure from oil companies to relax the nation’s 38-year-old ban on exports of the unprocessed product.
Categories: Crude oil, Markets, Premium