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
(AP Photo/Xinhua, Liang Xiaopeng, File)

Idaho solar developer fights to keep project alive

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A decision from the Idaho Public Utilities Commission expected within weeks may resolve a fight with Idaho Power Co. over whether it must buy electricity from three 20-megawatt solar farms planned near Boise.
Categories: Electricity, Solar
A natural gas drilling site in the Barnett Shale. (AP file photo/Donna McWilliam)

Barnett Shale drilling permits fall to lowest in a decade

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Shale drilling activity in North Texas has fallen to its lowest point in about a decade, according to state data.
Categories: Natural gas

(AP Photo/Skagit Valley Herald, Scott Terrell)

Train explosions prompt regulator warning on Bakken oil flammability

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Oil moving out of the booming Bakken Shale play in North Dakota and Montana may be more flammable than traditional heavy crude oil, the nation’s pipeline regulator warned Thursday.
Categories: Crude oil, Pipelines
Kurt Mix arrives at the Hale Boggs Federal Building in New Orleans in December 2013. (AP Photo/Jonathan Bachman)

Former BP engineer alleges jury misconduct

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Kurt Mix was convicted Dec. 18 of one count of destroying evidence.
Categories: Gulf oil spill

Texas oil production highest in three decades

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Texas crude oil production has reached its highest level since the U.S. Energy Information Administration started tracking it in the early 1980s. In July, Texas produced around 2.602 million barrels daily. By October, that daily crude production was 2.752 million barrels. The last time crude production was anywhere close to that level was in January […]
Categories: Uncategorized
U.S. Sen. Max Baucus, D-MT  (Chip Somodevilla/Getty Images)

Senate tax plan spares big oil industry deduction

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Although Sen. Max Baucus has taken aim at a host of tax deductions cherished by the oil and gas industry, one big deduction has stayed out of his crosshairs.
Categories: Politics/Policy
(Image: Fotolia)

Oil price falls below $96

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The price of crude dropped 3 percent.
Categories: Crude oil, Gasoline