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
Photo:  www.cpomoni.com

How did one reader secure two oil & gas job offers? Which one should they choose?

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If you’re interested in breaking into the oil & gas industry, you’ll want to pay special attention to this week’s column. A few days ago I received an email from a Young Professional that was frustrated with their career, wanted to break into oil & gas upstream operations, and through hard work was able to secure two offers with leading service companies.
Completed wind turbine blades made for General Electric Co.'s renewable energy business sit outside TPI Composites Inc.'s manufacturing facility in Newton, Iowa. (Daniel Acker/Bloomberg)

Buffett’s big wind buy boosts confidence in turbines

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The decision by Warren Buffett’s utility company to order about $1 billion of wind turbines for projects in Iowa indicates that turbines are becoming profitable without subsidies and that the drop in equipment costs is making renewable energy more competitive with power from fossil fuels.
Categories: Wind

Oil Barrel

Oil recovers as market awaits US Fed decision

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The price of oil recouped slips earlier in the week as the market waited Wednesday to see what the U.S. Federal Reserve would decide on monetary policy.
Categories: Crude oil, Markets
Former U.S. Energy Secretary Steven Chu

Former energy secretary joins carbon capture company

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A Nobel Prize-winning physicist, Steven Chu now teaches physics at Stanford University.

Categories: Environment
Fire at the Chevron Refinery in Richmond as seen from Tiburon, Calif., on Monday Aug. 6,  2012.

EPA says Chevron violated law at California refinery

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The blaze sent thousands of people to hospitals seeking medical attention.

court_gavel

Jury at a standstill in ex-BP engineer’s trial

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A federal jury has told a judge that they are having difficulty reaching a verdict in the trial of a former BP engineer charged with trying to obstruct a probe of the company’s 2010 oil spill in the Gulf of Mexico.
(Image: Fotolia)

Crude oil declines as Fed decision looms

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Benchmark U.S. crude for January delivery slipped 26 cents to $97.22.
Categories: Crude oil, Gasoline