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
Anadarko Petroleum Corp. logo

Judge holds Anadarko’s Kerr-McGee liable

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The company may have to pay as much as $14 billion related to environmental cleanup and health claims.
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OSHA cites Houston manufacturer after worker struck by machine part

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The agency has proposed penalties totaling $199,800 for four repeat and three serious violations, according to OSHA.
Categories: Accidents, Refining

A series of pipes direct natural gas in Bismarck, North Dakota. (Daniel Acker/Bloomberg)

Poll: Americans support more pipelines, including Keystone XL

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Eight out of 10 Americans support expanding the nation’s energy infrastructure, with new pipelines and other facilities to transport oil and gas across the U.S., according to a survey released Thursday.
The Texas Panhandle sky silhouettes a Linn Energy drilling rig in Wheeler County. (Linn Energy)

US natural gas reserves rise in the global ranks

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The US is now No. 12 in terms of proved oil reserves, but is quickly becoming a leader in natural gas reserves instead.
Categories: Crude oil
Deputies vote during a session to debate oil industry reforms at the Mexican Congress in Mexico City, Mexico, on Thursday, Dec. 12, 2013. PRD lawmakers and allies forced the legislative session into a cramped alternate auditorium at the lower house complex in Mexico City after seizing control of the permanent legislative chamber in a bid to prevent the bill from being debated. Mexico's lower house passed an energy bill that ends Petroleos Mexicanos' 75-year oil monopoly in a bid to attract foreign investment and boost growth. (Susana Gonzalez/Bloomberg)

Mexican Congress approves historic energy bill

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Mexico’s Congress voted Thursday to open the country’s moribund state-run oil industry to private investment after a raucous, overnight debate over the most dramatic energy reform in decades.
Categories: Crude oil, Latin America
(AP Photo/Don Ryan, file)

Exxon predicts fossil fuels will reign supreme through 2040

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Oil and gas will provide the bulk of the energy needed to fuel the world by 2040, with most of it coming from North America, Russia and the Middle East, Exxon Mobil predicted Thursday.
(StockMonkeys.com/Flickr)

Cars, trucks hit record gas mileage last year

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The EPA is estimating that the average mileage of 2013 cars will rise another 0.4 mpg to 24.
Categories: Environment, Gasoline