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February 14, 2013
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News for the oil and natural gas industry

  Top Story 
  • API ramps up campaign in support of Keystone XL project
    The American Petroleum Institute is intensifying its ad campaign in support of TransCanada's Keystone XL pipeline, as the U.S. government nears its decision on the project. "We'll be advertising, making presentations at events around the country and calling on allies and potential allies -- including business and labor leaders, veterans, educators and others -- to write to the president and Congress urging approval of the project," said Jack Gerard, API's president and CEO. President Barack Obama could green-light the project "today if he wanted to," as it has already undergone earlier studies and public hearings, Gerard said. (2/13) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • BP disputes Justice Dept. remarks in Gulf spill case
    A federal court should disregard remarks made by the Department of Justice about BP in a pending motion to approve Transocean's $1 billion settlement for the 2010 Gulf of Mexico oil spill, as they are misleading and could affect a civil trial this month, according to BP. "BP respectfully requests that the court limit its consideration of the motion and memorandum to the only question properly before the court at this time -- namely, an evaluation and approval decision regarding the proposed settlement between the United States and the Transocean defendants," according to the U.K. oil major. (2/13) LinkedInFacebookTwitterEmail this Story
  Exploration & Production 
Thousands of oil & gas professionals will gather in Houston for this comprehensive LNG conference, record-setting exhibition, & innovative networking opportunities. Award-winning speakers will deliver dynamic sessions on the significant trends & topics facing the industry. Book your place today to secure your preferred accommodation & tours.
  Refining & Marketing 
  • CSB: Chevron knew of corroded pipe in Calif. refinery before fire
    Chevron knew about a corroded pipe at its refinery in Richmond, Calif., for years but failed to address it before a fire broke out at the plant last August, according to the Chemical Safety Board. The damaged pipe was identified as the cause of the fire, which occurred in the plant's crude-distillation unit. The company was also criticized for failing to shut down the unit while workers searched for the fluid leak. The Wall Street Journal (2/13) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Sen. Hoeven says Obama SOTU fell short on energy policy
    President Barack Obama's State of the Union speech failed to meet expectations in terms of energy security, said Sen. John Hoeven, R-N.D. During his speech, Obama touted his "all-of-the-above" energy policy and strides in domestic oil production. An economy stalled by budget debates needs a policy that supports business investment, Hoeven said. United Press International (2/13) LinkedInFacebookTwitterEmail this Story
  • Canada remains optimistic about Keystone XL approval in the U.S.
    Canada still believes that TransCanada's Keystone XL pipeline will secure U.S. approval, even though President Barack Obama left the project out of his State of the Union address, Canadian Natural Resources Minister Joe Oliver said. "I'm still cautiously optimistic about it, but we respect the U.S. approval process and they're going to make their determination, we hope, in the second quarter," Oliver said. Reuters (2/13) LinkedInFacebookTwitterEmail this Story
  • Senate Democrats revive efforts to eliminate oil, gas tax incentives
    A measure unveiled by Senate Democrats seeks to end billions of dollars in tax incentives enjoyed by major energy firms. The U.S. would raise about $24 billion over 10 years by eliminating the incentives, the bill's supporters say. "You will get revenue in the short-term. But the long-term economic consequences are a dramatic loss of revenue from our industry," said Brian Johnson, a tax adviser for the American Petroleum Institute. Reuters (2/13) LinkedInFacebookTwitterEmail this Story
  • N.C. Senate panel OKs fracking bill
    A North Carolina Senate committee voted to approve a bill that would end the state's hydraulic fracturing ban and encourage energy development. "The purpose of this bill is to make very certain what the industry can expect when they come here," said state Sen. E.S. "Buck" Newton, the bill's co-sponsor. "We want them to come here, explore and invest. We want the jobs." The News & Observer (Raleigh, N.C.) (2/13) LinkedInFacebookTwitterEmail this Story
  • Texas lawmakers discuss water consumption in drilling
    Texas lawmakers are discussing the consumption of water in oil and natural gas drilling activities as the state braces for drier and longer summers. "We have to make sure we are using the least amount of fresh water we can," said state Rep. Jim Keffer. About 21% of water consumed by drillers is brackish or recycled water, said Cody Pomeroy, general counsel for the Texas Oil and Gas Association. (2/13) LinkedInFacebookTwitterEmail this Story
  API News 
  • API Specification Q1 Training, TIEC, Feb. 26 and 27
    In two information-packed days you'll get an overview of the requirements of API Spec Q1, what makes it so valuable and why you need to know about these essential elements of the program. Based on API Specification Q1, Specification for Quality Programs for the Petroleum, Petrochemical and Natural Gas Industry, the course takes an informative look at the requirements, interpretations and practical applications of the quality management principles used throughout the oil and natural gas industry. 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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