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

December 6, 2012
Sign upForwardArchiveAdvertise
News for the oil and natural gas industry

  Top Story 
  • Report highlights economic benefits of LNG exports
    The U.S. economy stands to benefit from exporting natural gas even if it boosts domestic prices for the commodity, according to a Department of Energy-commissioned report. The study was carried out to guide licensing procedures for 15 LNG export projects. "Exports can help grow the country's economy, help reverse our trade deficit and help bring back millions of U.S. jobs in engineering, manufacturing, construction and facility operations," said Erik Milito, upstream and industry operations director at the American Petroleum Institute. The Boston Globe (tiered subscription model)/The Associated Press (12/5) LinkedInFacebookTwitterEmail this Story
Complete and a la Carte SEMS Solutions
PPI helps oil and gas companies achieve compliance with the Safety and Environmental Management System regulation. Our team includes regulatory experts, document management specialists, on-site SEMS coordinators, and engineers. Benefit from our experience. Download an eBook with free practical advice!
  Industry News 
  • Chevron pegs 2013 capital budget at $37.6 billion
    Chevron has set a capital and exploratory spending budget of $36.7 billion for 2013, with about 90% directed to upstream oil and natural gas exploration and production. "Next year's program supports several projects currently under construction, including our Australian LNG projects and U.S. deepwater developments," said James Watson, the company's chairman and CEO. "As these and other projects come online, we anticipate production will reach our 2017 goal of 3.3 million b/d." Platts (12/5) LinkedInFacebookTwitterEmail this Story
  • Expert makes case for more experimental spills in North America
    An industry expert made the case for more offshore experimental spills in the U.S. and Canada. "If we want to refine our spill response, we have to get out and practice. Experimental spills are the way to do that," said Steve Potter, a principal with SL Ross Environmental Research. SL Ross operates a lab for spill-related research, but permits should be awarded for experimental spills, Potter said. Oil & Gas Journal (12/5) LinkedInFacebookTwitterEmail this Story
Using Water Cut Meters in Production Management
Understanding water cut is vital to proper production management. Placed on the well head or on a test separator, the patented KAM OWD Oil Water Detector provides vital real-time data for monitoring, allocation, well shut-in, and more. Click here for more on the OWD and production management.
  Exploration & Production 
  • Total announces major Gulf oil discovery
    Total announced a major oil discovery in the North Platte prospect in the Gulf of Mexico. Total will need to conduct additional tests to verify the commercial potential of the find. "The North Platte discovery represents another example of Total's bold exploration strategy targeting large exploration opportunities," said Marc Blaizot, senior vice president of exploration at Total. Reuters (12/5) LinkedInFacebookTwitterEmail this Story
  • Chevron to drill three more shale wells in China
    Chevron seeks to drill three additional shale oil and natural gas wells in China, but it doesn't anticipate rapid growth in the country's shale production because of the lack of infrastructure and geological data to support development. "It's going to take time before the full shale potential is not only understood but also developed in China," said Joseph Geagea, president of Chevron Gas and Midstream. The Wall Street Journal (12/5) LinkedInFacebookTwitterEmail this Story
  • Other News
Making the Most of Parcel Boundary Data
For a growing list of industries, the importance and widening use of parcel boundary and property data continues to grow. Thankfully, alternatives to traditional parcel acquisition efforts are now available through cost-effective and ready to use solutions. Read our guide to smart decision-making using parcel boundary data
  Policy Watch 
  • Group exec expresses concern for industry in Obama's second term
    The oil and natural gas industry's ties with the Obama administration may weaken during President Barack Obama's second term if his energy policy continues to concentrate on renewable energy, said Tim Wigley, president of the Western Energy Alliance. "We're all facing the same thing in this second term. This is a difficult administration as far as natural resource development," he said. But Wigley and some industry leaders hope that U.S. energy independence forecasts could convince Obama to fully exploit the country's oil and gas resources. The Washington Times (12/5) LinkedInFacebookTwitterEmail this Story
  • Interior asked for details on spill response system test
    The Department of the Interior should provide additional information about Shell Oil's failed test of an Arctic oil spill response system, said Rep. Edward Markey, D-Mass. "Shell's unsuccessful test in Puget Sound raises new questions about the company's ability to successfully drill offshore in the Arctic and, more generally, about the ability of containment devices to function properly in the harsh Arctic environment," Markey said. (12/5) LinkedInFacebookTwitterEmail this Story
  API News 
  • 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
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
© 1999-2012 SmartBrief, Inc.® Legal Information