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January 11, 2013
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News for the oil and natural gas industry

  Top Story 
  • API attacks manufacturers' efforts against LNG exports
    Several manufacturers have established a group to warn against "unfettered" exports of liquefied natural gas, arguing it would affect U.S. jobs and manufacturing. The effort was criticized by the oil and natural gas industry. "Short-sighted efforts by a few industrial users to restrict exports in an apparent attempt to control prices would deprive American families of the wider benefits of lower costs and increased job creation," said Jack Gerard, president and CEO of the American Petroleum Institute. The Hill/E2 Wire blog (1/10) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • Shell says safety guided moving of Alaskan drilling rig
    Rep. Edward Markey, D-Mass., questioned in a letter the timing of Royal Dutch Shell's decision to move its Kulluk drilling rig off the Alaskan coast, saying it might have been fueled by the company's desire to evade taxes on the vessel. Alaska could have levied a tax on the rig, which ran aground on New Year's Eve, if it remained in the state until Jan. 1. Shell, however, said safety was the reason for the move. Reuters (1/10) LinkedInFacebookTwitterEmail this Story
  • Technology plays key role in energy exploration, Shell says
    Royal Dutch Shell continues to develop technology to help the industry's efforts to tap crude oil from hard-to-access areas around the world, an executive said. "Our whole industry is seeing a growing shift toward more difficult geologies," said Gerald Schotman, the company's chief technology officer. The company is also pushing alternative fuels for transportation, such as liquefied natural gas. (1/10) LinkedInFacebookTwitterEmail this Story
  • Marathon geologist is bullish about Texas shale play
    The energy industry is still in the early stages of tapping the Eagle Ford Shale formation in Texas, and there is no clear estimate of the play's reserves, observers say. The formation's wells are also producing more oil compared with those in the Bakken Shale in North Dakota, said John Breyer, a geologist and senior technical consultant at Marathon Oil. The Eagle Ford play "is going to dwarf North Dakota," he said. (1/10) LinkedInFacebookTwitterEmail this Story
  Exploration & Production 
  • Hess to mark 40% of 2013 exploration budget for shale development
    About 40% of Hess' $6.8 billion exploration budget for 2013 will be allocated for shale resources. "Our expenditures in the Bakken are planned to be $2.2 billion in 2013 versus approximately $3.1 billion in 2012," said Greg Hill, the company's president of worldwide exploration and production. Smaller well costs prompted Hess to lower its spending in the formation, he said. United Press International (1/10) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Interior official joins calls for creation of offshore safety group
    Deputy Interior Secretary David Hayes joined calls for the establishment of a federal safety institute that would keep pace with efforts by the industry to explore more challenging areas. Such an institute would "ensure that as the technology moves forward, so does the knowledge to address safety and environmental issues associated with that cutting-edge development," Hayes said. (1/10) LinkedInFacebookTwitterEmail this Story
  • Energy Dept. should repeat gas export study, lawmaker says
    The Department of Energy needs to repeat a study on the potential benefits of natural gas exports, as the report incorrectly assessed the effects of exports on gas prices, said Sen. Ron Wyden, D-Ore. "The shortcomings of the NERA study are numerous and render this study insufficient for the Department to use in any export determination," Wyden said. The Hill/E2 Wire blog (1/10) LinkedInFacebookTwitterEmail this Story
  • Federal fracking rules could affect output from N.D. oil fields
    Burdensome federal regulations on drilling and increased competition from other emerging oil fields in the U.S. could slow production from North Dakota's oil fields, said Lynn Helms, director of North Dakota's Department of Mineral Resources. Helms urged state lawmakers to preserve a fund of $1 million to challenge the U.S. government should it proceed to implement more hydraulic fracturing rules or other excessive policies. Bloomberg Businessweek/The Associated Press (1/10) LinkedInFacebookTwitterEmail this Story
  API News 
  • API-U
    API-U offers training any way you want it, anywhere you want it. Attend one of our instructor-led classes designed to help you get more out of API Standards or choose from more than 140 of our e-Learning courses in mechanical maintenance, electrical maintenance, instrumentation and control, industrial math, and science and safety. Learn more. LinkedInFacebookTwitterEmail this Story
  • Service Station Contractor Safety Program
    The premier program offered by API WorkSafe is the service station contractor safety program that identifies contractor personnel who have passed a standardized examination covering the latest service station industry safety practices, based on API Recommended Practice 1646, Safe Work Practices for Contractors Working at Retail Petroleum/Convenience Facilities. The program provides awareness-level training on key safety issues found at petroleum retail job sites. Learn more. LinkedInFacebookTwitterEmail this Story
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