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
Pacific Drilling's Santa Ana drillship struck oil at Chevron's Coronado prospect in the Gulf of Mexico. (Pacific Drilling)

Budget deal gives boost to US-Mexico Gulf treaty

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Legislation to enact a long-stalled international treaty governing oil drilling along the U.S.-Mexico border in the Gulf is wedged into a new congressional budget deal, boosting the odds Congress will implement the pact before a Jan. 17 deadline.
Photo:  free.clipartof.com

A soon-to-be university graduate is looking for some oil & gas investment advice

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These are “boom” times for oil & gas, and as a resident of Houston I am seeing firsthand the positive economic effects of the industry on the local economy! It’s well accepted though that for the “up” times, there are “down” times; indeed, investing in oil & gas is a risky proposition, and strong economic returns like we’re seeing now are necessary to compensate for the inherent risk in backing oil & gas projects.

Despite the risks, this week’s question comes from a Young Professional looking to follow in the footsteps of other successful oil & gas entrepreneurs.

(ALEXANDER KLEIN/AFP/Getty Images

OPEC pumps least crude in more than 2 years

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OPEC reduced crude production in November to the lowest level in more than two years as output dropped below the organization’s 30 million barrel-a-day ceiling for a third month.
Categories: Markets, Production
Solar panels are installed in Arlington, Ariz.  (AP Photo/Ross D. Franklin, File)

US solar gained 35% in third quarter

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Developers installed 930 megawatts of photovoltaic solar capacity in the U.S. during the third quarter and are on pace to almost double that, according to the Solar Energy Industries Association.
Categories: Solar
(Photo: Loozrboy/Flickr)

Natural gas company proposes pipeline upgrade

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American Midstream Partners is proposing the reconstruction of its American Midstream Midla mainline pipeline in Louisiana and Mississippi.
Categories: Pipelines
(Associated Press)

Court looks at EPA rule on cross-state pollution

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The U.S. Supreme Court indicated Tuesday it could breathe new life into a federal rule requiring states to reduce power plant pollution from the South and Midwest that fouls the air in the eastern U.S.
Categories: Electricity, Environment
(NilsZ/Fotolia)

10 ways to slim your power bill this winter

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Winter weather can send electricity costs soaring for people who like to keep their homes cozy. For ways to help slim your bill, take a look at these home heating tips from TXU Energy.
Categories: Electricity