Reading this on a mobile device? Try our optimized mobile version here:

March 5, 2013
Sign upForwardArchiveAdvertise
News for the oil and natural gas industry

  Top Story 
  • Moniz touts natural gas' role in clean energy: Ernest Moniz, President Barack Obama's nominee for Energy secretary, sees natural gas as a means for the U.S. to achieve a lower-carbon future. "[W]e find that, given the large amounts of natural gas available in the U.S. at moderate cost ... natural gas can indeed play an important role over the next couple of decades (together with demand management) in economically advancing a clean energy system," Moniz said during a Senate hearing two years ago. The Washington Post/Wonkblog (3/4) LinkedInFacebookTwitterEmail this Story
Refinery Energy Management Report
Energy usage represents > 40% of overall operating expense, excluding crude purchases. This comprehensive Report identifies the latest technologies and recommends cost-effective strategies for short & long terms to improve energy efficiency in both utility providers (e.g. heat, steam, hydrogen) and energy consumers (e.g. CDU, FCCU, HCU, HTU, coker, alky unit). Learn more here.
  Industry News 
  • Key phone call excluded from BP spill report, Transocean says
    A lawyer representing Transocean asked why a phone conversation between BP officials about a misinterpreted pressure test was left out of BP's internal probe of the 2010 Gulf of Mexico oil spill even though it was cited in investigators' notes. "I think my team's thinking was ... it was mentioned, it wasn't in the form of consulting about it," Mark Bly, who headed the probe, said in response. Reuters (3/4) LinkedInFacebookTwitterEmail this Story
  • Transocean to appeal court's insurance ruling over Gulf spill
    Transocean will appeal a federal court's decision that allowed BP to access the offshore rig contractor's insurance policies providing for at least $750 million in coverage to help pay for damages related to the 2010 Gulf of Mexico oil spill. "We are disappointed in the decision, and our counsel will be considering our options going forward," said Steve Newman, Transocean's president and CEO. (3/4) LinkedInFacebookTwitterEmail this Story
  • ConocoPhillips may halt LNG exports from Alaska terminal
    Inadequate supply may prompt ConocoPhillips to halt liquefied natural gas shipments from its Kenai terminal in Alaska, the sole U.S. export facility. Conoco's export license ends March 31. The company says it will seek a license extension only if there is a sufficient supply of gas for the facility, a spokeswoman said. Bloomberg Businessweek (3/4) LinkedInFacebookTwitterEmail this Story
  Exploration & Production 
  • U.S. production surge "rebalancing" world's oil supply, experts say
    The surge in U.S. oil production fueled by technological advancements in drilling has surprised many, observers say. According to forecasts, the U.S. could become the largest producer of oil in the world by 2020, besting Saudi Arabia and Russia. "The view I have is the U.S. will be a lot less dependent with Canada. That will really reduce imports, combined with more fuel-efficient cars, from outside North America. We'll still be importing some, but it's certainly a rebalancing of global oil," said Daniel Yergin, vice chairman of IHS. CNBC (3/4) LinkedInFacebookTwitterEmail this Story
  • Hess seeks to become pure E&P company, CEO says
    Hess plans to sell its whole downstream unit as it works to focus more on exploration and production. "The newly transformed Hess will be a pure play E&P company with a focused, higher growth, lower risk portfolio of world-class assets," said John Hess, the company's chairman and CEO. Fox Business (3/4) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Rep. Upton remains concerned about Keystone XL approval prospects
    TransCanada's Keystone XL pipeline could still fail to secure approval from the U.S. unless Congress takes action, said Rep. Fred Upton, R-Mich., chairman of the House Energy and Commerce Committee. Last week, a draft State Department report found that the project would have only a minimal impact on the environment. "We fear the delays have allowed the opposition to grow so out-of-control that congressional action is still necessary to get the pipeline built," Upton said. United Press International (3/4) LinkedInFacebookTwitterEmail this Story
  • Sen. Wyden lays out priorities for Senate energy panel
    Natural gas, radioactive waste and energy production incentives are among the priorities of the Senate Energy and Natural Resources Committee, said Sen. Ron Wyden, D-Ore., the panel's chairman. Wyden said he seeks to advance a wider disclosure of hydraulic fracturing chemicals and a federal minimum standard on fracking. However, the lawmaker also clarified that there are no imminent measures on the issues. Platts (3/4) LinkedInFacebookTwitterEmail this Story
  API News 
  • Center for Offshore Safety First Annual Forum, April 29 and 30
    The Center for Offshore Safety is focused on promoting the highest levels of safety and environmental protection for offshore drilling, completions and production operations in deepwater Gulf of Mexico. The First Annual Forum's agenda has been created to provide an update on progress made by the Center and its cross-industry work groups, including SEMS Audit tools and SEMS good practices. The agenda is complemented by interactive panel sessions regarding SEMS implementation and industry experiences. The Forum is an excellent opportunity to gain an insight and understanding of SEMS, SEMS implementation, SEMS auditing, and the work being undertaken by the COS. Learn more. LinkedInFacebookTwitterEmail this Story
Learn more
about API ->
API Homepage  |  Join Us  |  Publications  |  Meetings and Training

Subscriber Tools
Print friendly format | Web version | Search past news | Archive | Privacy policy

Account Executive:  Diana Angel (202) 470-1146
A powerful website for SmartBrief readers including:
 Recent API SmartBrief Issues:   Lead Editor:  Bryan McBournie
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2013 SmartBrief, Inc.® Legal Information