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
The Mad Dog platform operates in the Gulf of Mexico. (BP)

BP pushes technical limits to tap extreme fields

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BP is leading an industry-wide push to develop technology that can retrieve oil from formations that are so deep under the sea floor, and under such high pressure and temperature, that conventional equipment would melt or be crushed by the conditions.
Kurt Mix arrives at the Hale Boggs Federal Building in New Orleans in December 2013. (AP Photo/Jonathan Bachman)

FBI agent testifies at ex-BP engineer’s trial

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Special Agent Kelly Bryson was the first witness to testify
Categories: Gulf oil spill

Shell used the drillship Noble Discoverer for its 2012 drilling in the Chukchi Sea north of Alaska.  (Jennifer A. Dlouhy / The Houston Chronicle)

Shell outlines 2014 drilling plans

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Shell is working to convince the Obama administration that it has learned from its recent mishaps and is ready to launch a new round of Arctic drilling next year.
The Deepwater Horizon oil rig burns after an explosion in the Gulf of Mexico in 2010. (AP Photo/Gerald Herbert, File)

BP, Anadarko ask court to reverse spill decision

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Both companies contend that a judge improperly decided the matter before trial.
Categories: Gulf oil spill
Turbines at Pattern Energy's Gulf Wind project in Kenedy County, Texas are silhouetted by a sunset. (Pattern Energy)

Texas biggest earner from wind tax credit, study finds

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Texas wind power producers earned far more money from the federal production tax credit than the state paid out to support the renewable energy policy, according to a study by the Institute for Energy Research released this week.
Categories: Politics/Policy, Wind
Shell used the drillship Noble Discoverer for its 2012 drilling in the Chukchi Sea north of Alaska.  (Jennifer A. Dlouhy / The Houston Chronicle)

Lawmakers ask feds to freeze Arctic drilling

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Nearly 60 House Democrats are pleading with Interior Secretary Sally Jewell to halt all Arctic energy development until the federal government writes new rules for the activity. Separately, conservationists recommended the Obama administration exclude four areas from a possible 2016 sale of Arctic drilling leases.
(Image: Fotolia)

Oil above $97 a barrel as U.S. supplies decline

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The decline was more than four times bigger than analysts had predicted.

Categories: Crude oil