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December 24, 2012
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News for the oil and natural gas industry

  Top Story 
  • Judge gives final clearance to BP's Gulf oil spill settlement
    BP's settlement with the individuals and businesses affected by the 2010 Gulf of Mexico oil spill received final approval from U.S. District Judge Carl Barbier. The U.K. oil major expects to pay $7.8 billion to settle damages claims related to the incident. "We believe the settlement, which avoids years of lengthy litigation, is good for the people, businesses and communities of the Gulf and is in the best interests of BP's stakeholders," said BP spokesman Scott Dean. San Francisco Chronicle/The Associated Press (12/22) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • Anadarko, Eni agree to develop LNG export facility in Mozambique
    Anadarko Petroleum has struck a deal with Eni to develop a liquefied natural gas export facility in Mozambique with an annual production capacity of 50 million tons. The companies expect to spend about $15 billion for the project's initial phase, which will include subsea development and the building of two trains, Anadarko spokesman John Christiansen said. FuelFix.com (12/21) LinkedInFacebookTwitterEmail this Story
  • Report: More jobs created from Utica Shale development
    About 38,830 jobs were created in Ohio this year from the development of the Utica Shale formation, an IHS Global report found. Another 100,000 jobs will be generated by 2020. "Ohio is already seeing a significant boost to our economy from shale energy, and this new study shows that much more is to come," said Linda Woggon, vice president of the Ohio Chamber of Commerce and the executive director of the Ohio Shale Coalition. Telegraph-Forum (Bucyrus, Ohio) (12/21) LinkedInFacebookTwitterEmail this Story
  • Other News
  Exploration & Production 
  • Exxon, Statoil announce natural gas discovery offshore in Tanzania
    A well owned by ExxonMobil and Statoil off the Tanzanian coast has again struck natural gas. Statoil declined to give an estimate for the discovery -- its third in Tanzania this year -- but said it was promising. "The Lavani-2 is the third well in an ambitious drilling campaign of four wells within one year," said Nick Maden, Statoil's senior vice president for international exploration at Statoil. Reuters (12/21) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • EPA releases progress report on extensive fracking study
    The Environmental Protection Agency issued a progress report about its efforts to determine a possible link between hydraulic fracturing and water pollution. The study, which explores existing well site data, lab studies and computer modeling, offered no conclusions. "More collaboration, continued transparency and stakeholder involvement are essential elements for any scientifically sound study, and we hope that the rest of this process remains open and any data released has the necessary context," said Stephanie Meadows, upstream senior policy adviser at the American Petroleum Institute. FuelFix.com (12/21), The New York Times (tiered subscription model)/Green blog (12/21) LinkedInFacebookTwitterEmail this Story
  • Alaska lawmaker criticizes Interior's NPR-A development plan
    The Department of the Interior's development plans for the National Petroleum Reserve-Alaska are "misguided," said Rep. Don Young, R-Alaska. Under the proposal, 72% of the site's estimated recoverable reserves would be open to development. "This plan does nothing more than cave to environmental special interests and unnecessarily restricts access to rich oil and natural gas resources within a petroleum reserve," Young said. United Press International (12/21) LinkedInFacebookTwitterEmail this Story
  API News 
  • What Can EN Do for You?
      
    Thanks to you and other passionate advocates across the country, Energy Nation sent thousands of letters to make our voices heard in the halls of Congress and in the White House this year. In 2013, we want to keep up the momentum. We'd love to learn more about the issues that interest you -- take a short survey to let us know. 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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  Editor's Note 
  • SmartBrief will not publish Tuesday
    In observance of Christmas, SmartBrief will not publish Tuesday. Publication will resume Wednesday. Enjoy the holiday! LinkedInFacebookTwitterEmail this Story
 
 
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