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
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

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Kurt Mix’s criminal case is the first arising from the disaster to go before a jury
Categories: Gulf oil spill
Photo: Timothy A. Clary/AFP/Getty Images

Feds to auction eastern Gulf drilling leases

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For the first time in six years, oil and gas companies will have a chance to bid for new drilling leases in the Gulf of Mexico near Alabama and Florida, during a planned lease sale next March.

Sen. Ed Markey, D-Mass. (AP Photo)

Lawmaker takes aim at industry’s planned fight for US crude exports

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Sen. Ed Markey delivered a preemptive strike against oil industry plans to stoke world trade concerns as part of a broader battle against the U.S. ban on exporting crude.
Categories: Markets, Politics/Policy
The Baker Hughes research and development building in Tomball, Texas. (Todd Spoth/For the Chronicle)

Baker Hughes cuts Brazil staff as Halliburton wins contracts

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Baker Hughes, the world’s third largest oilfield services provider, is reducing its workforce in Brazil after losing contracts with Petroleo Brasileiro SA to competitor Halliburton Co., an oil union said.
(Nick De La Torre / Houston Chronicle)

Gas export delays could violate world treaty, group says

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A group of manufacturers argued Tuesday that the U.S. government is moving too slowly to approve new export facilities for natural gas and coal, potentially exposing the nation to legal action from members of the World Trade Organization.
Categories: LNG, Natural gas
A BP company logo sits on display on the forecourt of a gas station operated by BP in London. (Chris Ratcliffe/Bloomberg)

British government joins BP’s fight against contract suspension

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BP picked up new allies in its fight against a suspension from new government contracts, as oil industry and business groups filed a legal brief labeling the punishment an “overreach” by the Obama administration.
Categories: Gulf oil spill
(Image: Fotolia)

Access to capital will improve in 2014, energy execs say

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Growing international demand for U.S. oil and gas will help domestic energy companies locate the financing to invest in exploration, according to a national survey released Tuesday morning.