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
A crew cleans oil from the beach at Refugio State Beach on May 20, 2015 north of Goleta, Calif.  (Photo by David McNew/Getty Images)

Congress probing California oil spill that blackened beaches

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The House Energy and Commerce Committee on Thursday asked the pipeline operator for detailed information on maintenance of the failed line and inspection records.
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In this Saturday, May 23, 2015 photo released by the U.S. Coast Guard, two cleanup crew members work to remove oil from the sand along a portion of soiled coastline. (Chief Petty Officer David Mosley/U.S. Coast Guard via AP)

California beachfront owner sues Houston pipeline operator over oil spill

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The lawsuit filed in Los Angeles is at least the fourth proposed class-action against Plains since the May 19 spill blackened beaches and spread oil at least 100 miles. Beaches and campgrounds were closed, fishing was prohibited nearby, and nearly 300 dead marine mammals and birds have been found.

There’s oil under county roads, and the counties get to keep it (finally)

There’s oil under county roads, and the counties get to keep it (finally)

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Oil- and gas-producing counties will get to keep a narrow slice of the mineral wealth that’s generated under their property, under a bill recently signed by the governor. The bill will let the counties keep royalty payments for the minerals produced under county lands — essentially the county road system, which has been badly battered […]
Categories: General
This photo provided by the Santa Barbara County Fire Department shows an oil slick from a broken pipeline off the central California coast near Santa Barbara on Tuesday.   (Mike Eliason/Santa Barbara County Fire Department via AP)

Beachfront owner sues pipeline operator over oil spill

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The lawsuit filed in Los Angeles is at least the fourth proposed class-action against Plains since the May 19 spill blackened beaches and spread oil at least 100 miles.
Construction of the Enbridge Crude Oil Pipeline In Illinois

Debate intensifies over the nation’s gas pipeline needs

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The AEE report claimed that the existing and planned natural gas infrastructure can handle the increased demand created by the so-called, federal Clean Power Plan, which would lead to the further reduced reliance on coal power.
Power lines, owned by Energy Future Holdings, near the Lake Hubbard Power Plant near Dallas. (Allison V. Smith/The New York Times)

Energy Future Holdings calls off sale of power business amid $42 billion bankruptcy

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Energy Future filed its $42 billion bankruptcy last year with a plan to break itself in two, giving each part to different sets of creditors. Groups that felt left out of that proposal have been fighting since then.
Noble Energy hunts for oil offshore Israel in the Tamar field. The Houston-based oil company has stalled its Israel investments after a dispute with the country's anti-trust regulators. (Noble Energy)

Israel vote could clear Noble Energy to re-start work on two major fields

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Noble Energy may soon be able to re-start work on two major gas fields in Israel after a committee of top ministers on Thursday approved a plan promoting the development of the country’s offshore natural gas fields. The Houston-based company halted its investment in Israel after the country’s antitrust regulator refused to finalize a deal […]
Categories: Middle East, Offshore