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

Quit Digging

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An old adage about life is that when you are in a hole quit digging.  With trust in government at an all time low, actions that further erode trust and credibility are just more examples of keep on digging.  The Wall Street Journal recently reported a case of EPA doing exactly that. It is no […]
Categories: General
Photo:  flavorwire.com

A reader asks: “How can you make an oil & gas internship turn into an oil & gas job?”

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Even in oil & gas, where the market is good for job seekers, internships are crucial for getting your foot in the door. While they present a great opportunity for interns to build their skill set, they provide an equally good chance for companies to perform an “extended interview” and evaluate things like work ethic, dependability, and “fit” with the company culture. Today, a budding oil & gas professional from Rice University wants to know how they can ace this interview and secure their place in the industry!

A worker sends signals to the oil derrick platform at the Spindletop reservoir's newly operational drilling site on Monday, December 23, 2013.
(Guiseppe Barranco/The Beaumont Enterprise)

A new life for Spindletop (photos)

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Hard-hatted roughnecks returned to Spindletop this week, aiming to make another historic strike on the storied grounds.
(AP file photo/Grand Forks Herald, Eric Hylden)

North Dakota requires companies to report pipeline locations

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Thousands of miles of underground gathering pipelines in North Dakota are being mapped under new rules that require companies to report the locations to the state, a change that is being hailed by regulators, industry and the state’s biggest landowner group.
Categories: General
Greenpeace activist  Ruslan Yakushev of Ukraine behind bars speaks to a supporter in a court room in Murmansk, Russia, on Thursday, Sept. 26, 2013.  A Russian court on Thursday jailed Yakushev who was part of the 30-member  team of environmental activists protesting near an oil platform last week. Two members of the group were detained Sept. 18 in their attempt to scale the Russian Arctic platform. The Coast Guard seized Greenpeace's ship the next day and towed it with the 30 activists aboard, to Murmansk. The activists are being investigated for piracy. (AP Photo/Efrem Lukatsky)

Russia dropping criminal charges against 30 Greenpeace protesters

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Russia’s Investigative Committee is dropping criminal charges against all 30 Greenpeace activists arrested in September for a protest against Arctic oil drilling by state-run OAO Gazprom, the group said.
Categories: Arctic, Environment, Offshore
A BP company logo sits on display on the forecourt of a gas station operated by BP in London. (Chris Ratcliffe/Bloomberg)

Judge rules against BP’s efforts to stem payments

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A federal judge on Tuesday denied BP’s months-long efforts to stem settlement payments to oil spill claimants it says were not harmed by the 2010 Gulf of Mexico disaster.
Categories: Gulf of Mexico
(AFP PHOTO / CARL COURTCARL COURT/AFP/Getty Images)

Ex-official rejects BP ad’s ‘distorted’ claims

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Two former top officials at the settlement program for compensating victims of BP’s 2010 Gulf oil spill say their recent resignations had nothing to do with the company’s allegations that they frequented a New Orleans strip club that received a settlement award.
Categories: Gulf oil spill