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
Holly Corp.'s Woods Cross Refinery in Utah.

Doctors seek to block oil refinery expansion

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A group of doctors concerned about air pollution is asking Utah regulators to put a hold on a major oil refinery expansion.
Categories: Environment, Refining
(AP Photo/David J. Phillip)

Hydraulic fracturing reduces threat of Texas drought, researchers say

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The water saved by shifting a power plant from coal to natural gas is 25 to 50 times as great as the amount of water required to extract the natural gas through hydraulic fracturing, according to a University of Texas study released Thursday.

(Image: Fotolia)

WTI-Brent spread narrowing as US exports record fuels

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The price gap between the world’s two biggest oil benchmarks probably will narrow next year as U.S. exports of refined fuels reach a record and crude supply from the Middle East and North Africa expands.
Categories: Crude oil, Markets
Workers in protective suits and masks wait to enter the emergency operation center at the crippled Fukushima Dai-ichi nuclear power station in Okuma, Japan in 2011. (AP Photo/David Guttenfelder, Pool)

Japanese government to pay more for Fukushima cleanup

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Japan’s government announced Friday that it will increase the amount of money it is providing to the operator of the crippled Fukushima nuclear plant to step up cleanup and decommissioning efforts.
Categories: Environment, Nuclear
Sugarcane is harvested in Brazil for BP's Tropical ethanol plant, part of BP's biofuels expansion in the South American country. (Marc Morrison/BP)

Brazil sugar ethanol busines struggling amid caps on fuel prices

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Only 24 percent of Brazil’s flex-fuel cars fill up with ethanol, down from 82 percent in 2009, said researcher Datagro Ltd. At the same time, sugar futures are heading for the longest slump in two decades
Categories: Biofuels, Latin America
Producer Marsha Garces Williams and her husband, actor Robin Williams, arrive at the New York premiere of Tennessee Williams' play 'Not About Nightingales' Thursday, Feb. 25, 1999. Mrs. Williams co-produced the play, which will run for a limited time at Broadway's Circle-in-the-Square Theatre. (AP Photo/Mitch Jacobson)

20 people you didn’t know oppose the Keystone XL pipeline

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Several business executives and entrepreneurs were among the more than 150 celebrities who signed a letter to President Barack Obama this week urging him to reject the controversial Keystone XL pipeline.
Categories: Environment, Keystone XL
Gov. Tom Corbett. (AP Photo/Centre Daily Times, Nabil K. Mark)

Pennsylvania court sides with towns in gas drilling fight

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The state Supreme Court ruled the industry-friendly rules violated the state constitution.