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
(Courtesy of LyondellBasell)

LyondellBasell restarts Texas plant amid cheap natural gas

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LyondellBasell has restarted a chemical plant that had been dormant for a decade, inspired to make the change because of low natural gas prices, the company said Thursday.
Categories: Chemicals, featured
Turbines at Pattern Energy's Gulf Wind project in Kenedy County, Texas are silhouetted by a sunset. (Pattern Energy)

Conservatives form group favoring renewable energy

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Conservative leaders and activists in Michigan have formed a group to support basing energy policy on the use of renewable resources and energy-efficiency programs.
Categories: Politics/Policy, Solar, Wind

An oil pumping unit in operation at Canal Place in Akron, Ohio. (AP Photo/Anthony Onchak)

Ohio energy production rising as wells increase

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A new report says Ohio energy companies extracted more than twice as much oil and gas from the Utica shale during three months last year than all of 2012.
Categories: Production
(AP Photo/Mark Lennihan, File)

Judge rules utility should invest in solar over natural gas

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A judge’s ruling this week means Minnesota could see a major expansion in the use of solar power over natural gas.
Categories: Electricity, Solar
The Ford logo is seen on cars for sale at a Ford dealership in Springfield, Ill. (AP Photo/Seth Perlman)

Ford to unveil solar hybrid concept car

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Ford plans to unveil at this month’s International CES gadget show a solar-powered concept car that offers the same performance as a plug-in hybrid but without the need for a plug.
Categories: Solar, Transportation
(Image: Fotolia)

Oil prices start year with rise on demand hopes

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Oil prices started the new year Thursday with a gain amid hopes for stronger demand following a 7 percent surge in 2013.
Categories: Crude oil, Markets
(StockMonkeys.com/Flickr)

Energy lawyer leaves firm he co-founded

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By Mark Curriden The Texas Lawbook Prominent Houston energy lawyer Donald Looper and the law firm he co-founded 28 years ago, Looper Reed & McGraw, announced this week they are parting ways. Looper Reed Managing Partner J. Cary Gray said in a written statement said that Looper left the firm on Tuesday over “managerial differences” […]
Categories: General, Legal issues