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
Iowa Gov. Terry Branstad, a Republican, talks to reporters on the sidelines of a Dec. 5 Environmental Protection Agency hearing on the renewable fuel standard. (Jennifer A. Dlouhy / Houston Chronicle)

Iowa governor accuses Obama of ‘caving to Big Oil’

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Iowa Gov. Terry Branstad on Thursday delivered a blistering attack on the Obama administration’s plan to slash government mandates for renewable fuel, accusing the White House of caving to Big Oil and turning its back on rural America.
(StockMonkeys.com)

Wunderlich Securities to boost energy coverage, banking

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The Tennessee broker dealer is planning to boost its analyst coverage of energy companies and its investment banking business in Houston.
Categories: Deals, Finance/Earnings

(AP Photo/David Zalubowski, File)

Oil group sues Colorado cities over fracking bans

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The Colorado Oil & Gas Association sued the cities of Fort Collins and Lafayette claiming their voter-enacted bans on the extraction of oil and natural gas are preempted by state laws regulating those resources.
(AP Photo/Mark Lennihan, File)

SolarCity to back up solar with Tesla batteries

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The solar panel installer SolarCity is beginning to address one of solar power’s big drawbacks: The sun doesn’t always shine.
Categories: Solar
President Barack Obama . (AP Photo/ Evan Vucci)

Obama sets high target for federal clean energy use

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Saying the government should lead by example, President Barack Obama is ordering the federal government to nearly triple its use of renewable sources for electricity by 2020.
Categories: Solar, Wind
A handful of corn is shown before it is processed at the Tall Corn Ethanol plant in Coon Rapids, Iowa. (AP file photo/Charlie Neibergall)

Feds to get earful on renewable fuels

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A summit Thursday on the nation’s renewable fuels policy is set to draw a crush of farmers, politicians, engineers and oil industry lobbyists all eager to criticize an Obama administration plan to slash federal biofuels quotas.
(Image: Fotolia)

Oil gains above $97 after US stockpiles drop

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The price of oil edged higher above $97 a barrel Thursday as investors reacted to a drop in U.S. stockpiles, but concerns of oversupply in the Middle East capped gains.
Categories: Crude oil, Markets