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

Americans Seeking Leadership: The Threats are Real so A Pep Talk for 2014

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I was thinking of doing a year in review blog as would be customary for this time of year but the sense of disorder in the world is so great, it was hard to know where to start. For the energy sector, there are so many factors that could turn into negative Black Swans, it […]
Categories: General
U.S. District Judge Carl Barbier (Bloomberg News)

Louisiana official says judge ignoring state’s BP claims

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Louisiana Attorney General James Caldwell wants a court to transfer its spill-related claims from U.S. District Judge Carl Barbier.
Categories: Gulf oil spill

(martinluff/Flickr)

Texas town targets oil industry over rash of quakes (video)

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Authorities are trying to determine what’s been causing the earthquakes in an area about 20 miles northwest of Fort Worth. Many residents believe the tremors are related to injection wells used in the hydraulic fracturing or fracking process.
Categories: Environment
Tracy Olson/Flickr

Burgeoning Texas shale delivers $14B economic boost

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A new study estimates that the oil and gas industry had a $14.5 billion impact last year on the Cline Shale region, east of the traditionally busier drilling area of the Permian Basin.
Categories: featured, Shale, Texas
(Courtesy of LyondellBasell)

Natural gas boom spurs methanol rush

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The natural gas boom has turned the United States into a magnet for production of the chemical methanol, with nine major plants expected to be built, expanded or restarted in the country in the coming years.
Categories: Chemicals, Natural gas
handshake  behind a corporative building.Great for any design.

Energy deals plunge to 5-year low in 2013

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Oil and gas producers worldwide bought fewer assets and spent more on developing a huge stockpile of reserves and acreage in 2013, bringing merger and acquisition activity to its lowest level in five years.
Categories: Deals, Production, Shale
(Photo: Gveret Tered)

China’s largest coal company to learn shale in US deal

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China’s state-owned coal behemoth is heading to Pennsylvania to learn how to tap into natural gas embedded in shale.
Categories: Coal, Deals, Shale