Fuel Fix

(AP Photo/Gerald Herbert, File)

BP to settle Deepwater Horizon claims for $18.7 billion

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Categories: featured, Gulf oil spill
P 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.

BP to settle Deepwater Horizon claims for $18.7 billion

on
Categories: featured, Gulf oil spill
(AP Photo/Gerald Herbert, File)
P 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.
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

Nuclear Regulatory Commission, Allison MacFarlane (second from right) the chair of the Nuclear Regulatory Commission, listens to Richard St. Onge, director of Nuclear Regulatory Affairs for Southern Cal Edison (third from right) speak during a tour of the troubled San Onofre Nuclear Power Station in San Juan Capistrano, Calif.  Top U.S. nuclear regulator MacFarlane says nuclear energy users, including Japan, must figure out how to ultimately store radioactive waste. (AP Photo/Nuclear Regulatory Commission, Eliot Brenner, File)

Top US nuclear regulator urges storage solution

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The United States’ top nuclear regulator said Friday that atomic energy users, including Japan, must figure out how to ultimately store radioactive waste.
Categories: Nuclear
(Image: Fotolia)

Oil steady after stronger US economic growth

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The price of oil was steady Friday after being buoyed by stronger economic growth in the world’s largest economy.
Categories: Crude oil, Markets

A CHC helicopter

How to escape from a sinking helicopter (photos)

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Helicopters are the leading cause of death for offshore oil and gas workers, far outpacing fatalities from explosions and heavy rig equipment. Houstonia magazine goes inside the underwater escape training course that offshore workers complete before taking their first trip.
(Andrey Rudakov/Bloomberg)

Shell abandons plans for $20B Gulf Coast plant

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Royal Dutch Shell said Thursday it is abandoning plans for a massive gas to liquids project envisioned for Louisiana, citing poor economics for the project that was expected to cost more than $20 billion.
Categories: Natural gas
Crewmen work a site for TransCanada's Keystone XL project in Wood County, Wednesday, Oct. 24, 2012, in Winnsboro. (Cody Duty / Houston Chronicle)

Keystone South won’t deliver oil before mid-January

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The company’s bulletin Thursday was “clarification to our customers.”
Categories: Keystone XL
(Image: Fotolia)

Oil gains on U.S. growth; natural gas soars

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Natural gas added 17 cents to $4.13 per 1,000 cubic feet, the highest closing price since May 29.
Categories: Crude oil, Natural gas
Roustabouts take time off from their job in oil boom town

Life in the early Texas oil booms (photos)

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This isn’t the first time oil has gushed from Texas wells at a record rate and sent towns around state the state into an economic boom. See how life in Texas changed in towns like Kilgore, Freer and elsewhere after the Texas oil explosion:
Categories: Crude oil, featured, Texas