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
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Chevron shuts in shallow facility after leak

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Chevron has shut in one of its platforms in the Gulf of Mexico after detecting a leak at the site.
Categories: Accidents
Rep. Bill Flores, R-Bryan. (AP Photo/Waco Tribune Hearld, Duane A. Laverty)

Texas Republican trades energy stocks

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As a former oil industry executive and a member of the House Natural Resources Committee, Texas Rep. Bill Flores is at the center of big debates about offshore drilling, hydraulic fracturing and domestic energy supplies. He also is a big trader in energy stocks.
Categories: Politics/Policy

(Kamil Porembinski/Flickr)

Fire at La Porte pipeline facility is out

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The fire, which erupted Tuesday morning, was extinguished by the afternoon, but the facility remains shut down.
Categories: Accidents
A NASA Global Hawk robotic jet is stored in a hangar at Dryden Flight Research Center in Edwards Air Force Base, Calif. The Federal Aviation Administration announced six states on Monday Dec. 30, 2013, that will develop test sites for drones, including one in Texas. (AP Photo/John Antczak, File)

New drone testing sites could boost oil industry use (video)

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A Federal Aviation Administration decision to permit testing of drones in Texas and at sites throughout the country will open the door to more use of unmanned aircraft by oil companies.
A fire from a train derailment burns uncontrollably as seen in this aerial photograph Monday, Dec. 30, 2013, west of Casselton, N.D. (AP Photo/The Forum, Michael Vosburg)

Rail explosions won’t curb soaring oil shipments

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The derailment of a train carrying oil in North Dakota on Monday, and the subsequent evacuations caused by its explosion, could draw more regulatory scrutiny to rail shipments of crude. But the soaring use of trains to move oil is a long-term trend that is not likely to change soon, analysts say.
An oil pump works near Stanley, N.D. (AP file photo/James MacPherson)

North Dakota poised for another hiring blitz

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The Bakken Shale is driving another hiring surge in North Dakota, with one oil field services company planning to hire 300 new workers by the spring, according to the Bismark Tribune.
Categories: Texas, Workforce
The Marine Response Alliance now is based in Houston.

Marine emergency group relocates HQ to Houston

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The Marine Response Alliance has moved it headquarters from Pompano, Fla., to a facility near Bush Intercontinental Airport.