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February 5, 2013
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News for the oil and natural gas industry

  Top Story 
  • API: Oil, gas boom helping U.S. become "energy superpower"
    The U.S. is becoming an "energy superpower" because of the oil and natural gas development boom, the American Petroleum Institute said. The U.S. is first in natural gas production and third in oil production globally, said Karen Moreau, executive director of API's New York State Petroleum Council. For the first time in many years, "we are able to see that our energy supply is no longer limited, foreign and finite; it is American and abundant," she said. MarketWatch/The Tell blog (2/4) LinkedInFacebookTwitterEmail this Story
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  Industry News 
  • Canadian regulator clears Shell-led group's LNG project
    Canada's National Energy Board cleared a proposal from a Royal Dutch Shell-led consortium to develop a liquefied natural gas export facility off the coast of British Columbia. The project includes exports of up to 738 million tons of LNG over 25 years. Reuters (2/4) LinkedInFacebookTwitterEmail this Story
  • Report: Equipment suppliers will benefit from offshore drilling
    Offshore-equipment suppliers stand to benefit this year from recent deep-water finds mixed with a drilling-vessel shortage, according to a report by Barclays. "We anticipate roughly 80 jackups and 50 floaters (drillships) will be delivered into the offshore market over the next two years and expect that relatively few of these units will displace rigs currently working," the report says. (2/4) LinkedInFacebookTwitterEmail this Story
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  Exploration & Production 
  • Lithuanian president backs Chevron's shale gas plans
    Lithuanian President Dalia Grybauskaite backs Chevron's proposal to drill for shale natural gas in the Baltic country, a plan that has drawn criticism from some Lithuanian lawmakers and citizens. "We expect to be able to engage with the local communities" to allay their fears, Jay Johnson, the company's head of Eurasia, Europe and Middle East exploration and production, said after a meeting with Grybauskaite. "We're very pleased with the chance to help create Lithuania's energy future." Bloomberg Businessweek (2/4) LinkedInFacebookTwitterEmail this Story
  • Anadarko-Ecopetrol JV starts Colombian offshore project
    Anadarko Petroleum will start collecting seismic data at its offshore oil blocks in Colombia as part of a joint drilling venture with Ecopetrol. The partnership, which was forged in December 2012, will concentrate on the Caribbean Fuerte Sur and Fuerte Norte blocks. Platts (2/4) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Official: NERA study to help Energy Dept. decide on LNG exports
    The Department of Energy's decision on pending liquefied natural gas export applications won't rely just on a NERA Economic Consulting study promoting the economic benefits of such projects, a department official said. "We will be considering the study that was done by NERA ... we will be considering the results of the EIA study that was done last year and we will be considering all of the comments as part of a package to help us understand what is the totality of issues," said Christopher Smith, deputy assistant secretary of the department's Office of Oil and Gas. Platts (2/4) LinkedInFacebookTwitterEmail this Story
  • Wyo. considers groundwater testing rule for drillers
    The administration of Wyoming Gov. Matt Mead is considering a rule to require energy companies to conduct groundwater testing before they drill for gas and oil. "Most of the large operators do it but not all operators do it. It really can protect citizens, protect the state, protect the industry," said Jerimiah Rieman, Mead's natural resources adviser. Associated Press (2/4) LinkedInFacebookTwitterEmail this Story

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  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
  • International Trade and Customs Conference Announced
    The 2013 International Trade and Customs Conference, March 17 to 19, will be held in Galveston, Texas. Up-to-date information on what is happening with customs, border protection, and international trade in the areas of duty drawback, imports, exports and foreign trade zones will be presented. Learn more. LinkedInFacebookTwitterEmail this Story

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