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
Demonstrators hold up signs in front of the White House in Washington, Friday, Sept. 2, 2011, to protest the Keystone XL Pipeline project in the US, and the Tar Sands Development in Alberta Canada. (AP Photo/Luis M. Alvarez)

Keystone foes pledge sit-ins if pipeline advances

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Critics of the Keystone XL pipeline say they’re still optimistic President Barack Obama will block TransCanada Corp.’s project. But to be sure, they’re organizing a nationwide civil-disobedience campaign to keep up the pressure should the U.S. State Department recommend Obama approve the project.
Categories: Environment, Keystone XL
(Shooke/Wikimedia Commons)

South Africa to issue shale-gas permits in early 2014

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The country published proposed regulations for hydraulic fracturing on Oct. 15, a year after lifting a ban on the drilling process known as fracking, as it seeks to tap as much as 485 trillion cubic feet of resources in the semi-arid Karoo region.
Categories: Africa, Shale

(Photo: freegreatpicture.com)

A pragmatic view of salaries and compensation, in the oil & gas industry and beyond

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On one hand, Millenials today are supposed to care more and more about “soft” benefits (such as flexible schedules) than money, and yet compensation (which is at least base pay, but could also include stock, options, bonuses…) is still for many people the ultimate indicator of their success and worth to a company.
Kenneth Medlock III, the vice president for academic affairs for the United States Association for Energy Economics (USAFE), makes his remarks on the Industry Outlook during the opening  session at the Deep Offshore Technology International Conference & Exhibition 2013 at The Woodlands Waterway Marriott Hotel & Convention Center in The Woodlands. (Jerry Baker/Houston Chronicle)

Oil prices could drop as drivers demand more fuel efficiency, researcher says

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Despite the nation’s shale gusher, domestic demand for oil has remained flat during the past decade. But unlike most periods of stagnant demand, a weakened economy isn’t the only culprit.
Categories: Crude oil
(Image: Fotolia)

Oil price at its lowest level since June

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Benchmark U.S. crude for November delivery dropped $1.42 to close at $97.80.
Categories: Crude oil, Markets
(Spacecaptain/Wikimedia)

Texas politicians buttress Houston’s bid for energy ‘Olympics’

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Texas politicians have united to bolster Houston’s bid to host a massive energy conference known as the Olympics of the oil and gas industry, on the eve of a decisive vote over where the 2017 summit will take place.
Categories: General
(AP Photo/Matthew Brown)

Report: Eagle Ford and Bakken are fastest-growing producers

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Drilling hotbeds in South Texas and North Dakota are responsible for most of the U.S. oil production growth over the past month, according to a report issued Tuesday.