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
Greenpeace International activist Anthony Perrett from the United Kingdom leaves a SIZO detention center in Saint Petersburg, Russia after being released on bail. Russia has closed the criminal case against Perrett, one of the 30 crew members of a Greenpeace ship who were charged with hooliganism over a protest against Gazprom oil drilling in the Arctic, the group said on December 24, 2013.  (AFP PHOTO / OLGA MALTSEVAOLGA MALTSEVA/AFP/Getty Images)

Russia grants Greenpeace activist amnesty

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One of the Greenpeace activists detained in Russia’s Arctic has been granted amnesty, the environmental group said Tuesday.
Categories: Arctic, Legal issues
(Image: Fotolia)

Crude oil edges above $99, adding to recent gains

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Oil prices are up around 7 percent so far in December and on track to finish the year with a gain.
Categories: Crude oil, Markets

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EPA probe demands more water testing in Texas

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An investigation has found the U.S. environmental agency was right in 2010 to immediately halt the use of water from North Texas residential wells contaminated by methane and is asking for further testing.
Categories: Environment
Enbridge and TransCanada are testing leak detection systems in a $3 million apparatus in Canada. (Photo: Enbridge)

Pipeline giants seek high-tech solutions to leaks

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In a large green container in a climate controlled warehouse in Canada, pipeline owners TransCanada and Enbridge are researching new ways to detect oil leaks.
(StockMonkeys.com)

Quantum Energy company sells Anadarko Basin assets for $336M

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Quantum Energy Partners said Tuesday one of its portfolio companies closed a deal to sell liquids-rich assets in the Anadarko Basin for $336 million.
Categories: Deals
Google bicycles stand outside of the Google campus in Mountain View, Calif.  (AP Photo/Jeff Chiu, File)

Tech titans beat energy companies as best places to work

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The energy industry made a respectable showing on Glassdoor’s 2014 ranking of the nation’s best places to work, released this month. But none of Houston’s oil giants cracked the top 50.
Categories: featured, Workforce
The sun begins to rise over Nantucket Sound in Mashpee, Mass., where the Cape Wind off-shore wind turbine power generation project won approval for construction. (AP Photo/Julia Cumes, File)

Siemens to supply $2.6B US offshore wind plant

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Siemens AG, Europe’s biggest engineering company, agreed to supply turbines to the $2.6 billion Cape Wind project, the first offshore wind farm planned in the U.S.
Categories: Offshore, Wind