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
GE Solar Array

Benefits of more renewable power offset burdens, study finds

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A high level of wind and solar use would not increase costs or emissions from power plants that have to start and stop frequently to balance the grid, according to a study from the National Renewable Energy Laboratory.
Categories: Electricity, Solar, Wind
A natural gas drilling site in the Barnett Shale. (AP file photo/Donna McWilliam)

Declining Barnett Shale could remain strong natural gas producer

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Despite production declines in recent years, the Barnett Shale still has some fight left. A new study shows it could produce 900 billion cubic feet of natural gas per year in 2030.
Categories: Natural gas, Shale

Diamond Offshore Drilling President and CEO Larry Dickerson. (Gary Fountain/For the Chronicle)

Diamond Offshore CEO to retire

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Diamond Offshore Drilling said Tuesday that Lawrence Dickerson, president and CEO, has decided to retire after more than 30 years at the company.
(Numats/Flickr)

International law firm opening energy-focused office in Houston

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Dentons, an international law firm formed in March 2013 through a three-firm merger, is opening a Houston office in October.
Categories: Legal issues
(Flickr/SalFalko)

Seven plead guilty in Gulf oil spill settlement fraud

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Seven people have pleaded guilty to stealing money from an oil spill settlement fund, Alabama Attorney General Luther Strange announced Monday.
CPS Energy's coal plant Deely. (Lisa Krantz / SAN ANTONIO EXPRESS-NEWS)

EPA won’t require carbon capture at existing coal plants

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Existing coal-fired power plants won’t be required to install equipment to capture and store the carbon dioxide they emit under new Environmental Protection Agency rules, the regulator’s top EPA official said.
Categories: Coal, Politics/Policy
This Aug. 20, 2013 aerial file photo shows the Fukushima Dai-ichi nuclear plant at Okuma in Fukushima prefecture, northern Japan. (AP Photo/Kyodo News, File)

Ex-US nuke regulator: Japan slow on Fukushima leak

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A former U.S. nuclear regulatory chief said Tuesday that leaks of contaminated water at the crippled Fukushima plant had been known since early in the crisis and have worsened because Japan acted too slowly.
Categories: Nuclear