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January 4, 2013
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News for the oil and natural gas industry

  Top Story 
  • Transocean settles Gulf spill-related claims for $1.4 billion
    Transocean has agreed to pay $1.4 billion to the Department of Justice to settle civil and criminal penalties associated with the April 2010 Gulf of Mexico oil spill. Transocean is also required to carry out emergency response and safety improvements on its rigs under the agreement. "This is a positive step forward, but it is also a time to reflect on the 11 men who lost their lives aboard the Deepwater Horizon," Transocean said. Lexington Herald-Leader (Ky.)/The Associated Press (1/3) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • Shell says Alaskan rig setbacks are not related to drilling
    Setbacks related to Royal Dutch Shell's Discoverer and Kulluk rigs, which the company used for its Alaskan exploration activities in 2012, did not involve drilling, the company said. The Discoverer rig encountered propulsion difficulties, caught fire and was criticized for deficiencies in pollution control, while the Kulluk unit ran aground on Monday. "We are determined to learn from these marine transport issues and implement those learnings to strengthen our maritime fleet operations, going forward," said Shell spokeswoman Kelly op de Weegh. FuelFix.com (1/3) LinkedInFacebookTwitterEmail this Story
  Exploration & Production 
  • Conoco, Karoon resume drilling in Australia after rig fixes
    ConocoPhillips and Karoon Gas have resumed drilling at the Zephyros-1 exploration well in the Greater Poseidon area in Australia after resolving issues associated with the blowout preventer of the Transocean Legend rig. Drilling was suspended in December 2012 after the rig suffered a mechanical failure with its blowout preventer. Rigzone (1/3) LinkedInFacebookTwitterEmail this Story
  Refining & Marketing 
  • Ind. regulators approve upgrades for BP's Whiting refinery
    The Indiana Department of Environmental Management has cleared BP's proposal to build additional facilities at its Whiting, Ind., refinery so the plant can process up to 85% of heavy crude oil. The expansion project, which is expected to be completed in the second half of the year, includes 10 flares to burn 98% of gases that the refinery emits. Post-Tribune (Merrillville, Ind.) (1/2) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • SEC defends disclosure rules amid claims from oil industry
    The Securities and Exchange Commission responded to allegations from the oil and natural gas industry that its payment disclosure rules violate the First Amendment rights of companies. Under the rules, oil, gas and mining firms are required to report payments made to foreign governments. "Such mandatory disclosures of purely factual information have never been understood to compel 'speech' in violation of the First Amendment," according to an SEC brief filed with the U.S. Court of Appeals for the District of Columbia Circuit. The Hill/E2 Wire blog (1/3) LinkedInFacebookTwitterEmail this Story
  • Feds are urged to address drilling concerns after rig incident
    The Obama administration needs to address concerns related to offshore drilling following the grounding of a Royal Dutch Shell drilling rig in Alaska earlier this week, Democrats and environmentalists said. It is too early to arrive at any firm conclusions as federal regulators will be probing the causes of the incident, said Senate Energy and Natural Resources Committee Chairman Ron Wyden, D-Ore. "But as I've said before, I plan to look at drilling safety rules this year, to see if regulators are doing enough to make sure offshore drilling operations aren't putting lives or the environment at risk," he noted. The Hill/E2 Wire blog (1/3) LinkedInFacebookTwitterEmail this Story
  • Sen. Flake to focus on accelerated permitting on energy panel
    Sen. Jeff Flake, R-Ariz., seeks to focus on accelerating permitting procedures for oil and natural gas drilling on federal lands as a member of the Senate Energy and Natural Resources Committee. "And then other public lands issues, energy, there is always work to be done there," said Flake, who will be joining Sens. Lamar Alexander, R-Tenn., and Tim Scott, R-S.C., as the new Republicans on the committee in the 113th Congress. The Hill/E2 Wire blog (1/3) LinkedInFacebookTwitterEmail this Story
  • N.Y. DEC leaked report shows fracking can be done safely
    Hydraulic fracturing can be conducted safely in New York if energy firms follow the state Department of Environmental Conservation's guidelines, according to a leaked report from the New York Department of Environmental Conservation. The report is outdated, said department spokeswoman Emily DeSantis. "We respect the process the governor has established, and trust that in the end the interest of the people will come before fear mongering and politics," said Karen Moreau, the New York State Petroleum Council's executive director. Shale Reporter/The Associated Press (1/3) LinkedInFacebookTwitterEmail this Story
  API News 
  • A Penny for Your Thoughts
      
    From public hearings on Keystone XL in Nebraska to election events in Colorado, Ohio and Pennsylvania, Energy Nation has traveled across the country this year to raise the banner for the oil and natural gas industry. In 2013, we're not slowing down. Take a short survey to let us know what issues are important to you. LinkedInFacebookTwitterEmail this Story

  • API Inspection Summit, Jan. 7 to 10, Galveston, Texas
    The American Petroleum Institute invites you to attend the API Inspection Summit & Expo in Galveston, Texas, at the Galveston Island Convention Center, Jan. 7 to 10. The summit will provide you an opportunity to hear about emerging trends from industry experts in topics such as inspection technologies/NDE/corrosion/engineering analysis/software. Eight panel discussions on timely industry issues are planned to enhance interaction with attendees. It is also the only networking event for inspectors in the industry and includes an exhibit hall with more than 60 companies displaying the latest in inspection services. The API Inspection Summit program will feature over 120 individual presentations, as well as a new feature for 2013 -- a one-day optional training component consisting of eight technical courses, providing in-depth education to attendees. View the draft program and register. LinkedInFacebookTwitterEmail this Story
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