Fuel Fix

(Photo by Eddie Seal for Bloomberg News)

U.S. oil rig count jumps up by a dozen, the first increase in 2015

on
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

on
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

    on
    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
A cargo ship. (AP photo)

Shell, GE to build nation’s first LNG fueling stations for cargo ships

on
Royal Dutch Shell Plc, General Electric Co. and a company co-founded by T. Boone Pickens are planning investments in natural-gas-powered shipping as record U.S. output spurs the merchant fleet to use a new fuel.
Categories: LNG, Transportation
A giant dragline excavator at C&C Metals in Conroe dwarfs Roy Morton, owner of Conroe Welding Supply. C&C Metals and another Conroe manufacturer, Mackanan, made the device for South African equipment maker VR Steel. When attached to a mining crane, the excavator will act as a giant shovel scooping up earth to uncover the coal. (Mackanan)

Mammoth mining tool takes overnight ride through Texas

on
Workers in Conroe were gearing up Tuesday to haul a colossal, 63.4-metric ton dragline excavator — essentially, a giant shovel — overnight to a coal mine near Austin.
Categories: Africa, Coal, featured, Premium

Ocean_wave

Noble Energy reports deep-water finds in Gulf, Mediterranean

on
Noble Energy announced a crude oil find in the Gulf of Mexico and a natural gas discovery offshore in Israel.
Waves from the Chukchi Sea lap the coast of Barrow, Alaska, the northernmost city in the United States. (Photo: Jennifer A. Dlouhy / The Houston Chronicle)

Oil industry blasts administration’s Arctic drilling plan

on
Oil industry trade groups blasted the Obama administration’s plan to adopt a “targeted leasing” approach to selling drilling rights in Arctic waters near Alaska, saying it would dissuade companies from bidding on the acreage.
Categories: Arctic, Politics/Policy
Iran's Minister of Petroleum Bijan Namdar Zangeneh (center) speaks to journalists prior to the start of a meeting OPEC in 2013. (AP Photo/Ronald Zak)

Iran readies for big oil production hike

on
Iran indirectly challenged OPEC kingpin Saudi Arabia on Wednesday, announcing that it plans to pump as much oil as it can once sanctions on its crude exports are lifted, even if its extra output drives prices into the basement.
Categories: Crude oil, Middle East
(Image: Fotolia)

Oil jumps on news of opening of Keystone’s southern leg

on
TransCanada said the southern leg of its Keystone XL pipeline should be operational early next month.
Categories: Crude oil, Keystone XL
Kurt Mix arrives at the Hale Boggs Federal Building in New Orleans in December 2013. (AP Photo/Jonathan Bachman)

Ex-BP engineer destroyed evidence, prosecutor says

on
Kurt Mix’s criminal case is the first arising from the disaster to go before a jury
Categories: Gulf oil spill