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February 15, 2013
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News for the oil and natural gas industry

  Top Story 
  • Governors call on Interior nominee to back offshore drilling
    Three East Coast governors are urging Sally Jewell, President Barack Obama's nominee for Interior secretary, to support expanded offshore drilling. "Energy production from the Atlantic outer continental shelf could create more than 140,000 new jobs within the next 20 years, and we hope you will ensure that the administration is a partner with the states on this issue," the governors wrote in a letter to Jewell. The governors' efforts were lauded by American Petroleum Institute President and CEO Jack Gerard. (2/14) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • Court OKs Transocean's settlement with U.S. over Gulf spill
    Transocean's $400 million settlement with the Department of Justice over criminal charges arising from the 2010 Gulf of Mexico oil spill was cleared by U.S. District Judge Jane Triche Milazzo, a company spokesman said. Milazzo accepted the company's plea for one criminal misdemeanor charge of violating the Clean Water Act. Transocean will also pay $1 billion in civil penalties for Clean Water Act violations, but another judge needs to clear that settlement. The Wall Street Journal/Dow Jones Newswires (2/14) LinkedInFacebookTwitterEmail this Story
  • Apache seeks sale of $2 billion in assets
    Apache seeks to sell $2 billion worth of properties after an acquisition spree from 2010 to 2012 increased the company's assets and its debt. "Having acquired $16 billion of assets over the past three years and strengthening our asset base, we have been in the process of reviewing our overall portfolio," said Steven Farris, the company's chairman and CEO. Apache may lessen its debt from the sales' proceeds, he said. Bloomberg Businessweek (2/14) LinkedInFacebookTwitterEmail this Story
  • Tamar group is in natural gas sale talks with Jordanian firms
    The Tamar drilling group is in discussions with Jordanian firms about the sale of natural gas from Israel's Tamar field, according to a report. The field, which contains over 9 trillion cubic feet of reserves, is expected to commence production in the next few months. Noble Energy holds a 36% interest in the group, while Isramco Negev, Avner Oil Exploration, Delek Drilling and Dor Gas Exploration own the rest of the shares. Reuters (2/14) LinkedInFacebookTwitterEmail this Story
  Exploration & Production 
  • Chevron gets key permits for Romanian shale gas drilling plans
    Authorities in Vaslui, Romania, have awarded Chevron planning permits for three shale natural gas exploration wells, the country's environment ministry said. At least two more permits are required before Chevron can commence operations. "This document does not confer the right to carry out works," the ministry said. Reuters (2/14) LinkedInFacebookTwitterEmail this Story
  • Denbury uses trapped CO2 emissions in Gulf drilling operations
    Denbury Resources is using carbon dioxide captured from a Texas industrial facility to coax oil from old wells along the Gulf Coast. Denbury typically targets wells that are about 60 to 80 years old and are not producing much oil, said Jack Collins, Denbury's executive director of investor relations. "This project illustrates our unique ability to use and store anthropogenic [carbon dioxide] that would otherwise be released into the atmosphere," said Phil Rykhoek, the company's president and CEO. American City Business Journals/Dallas (2/14) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Rep. Hastings criticizes Obama for slow-walking drilling permits
    Rep. Doc Hastings, R-Wash., criticized the Obama administration for the time regulators take to process oil and natural gas drilling permits. "The Obama administration is playing fast and loose with the facts by obfuscating the difference between the lengths of time it takes Bureau of Land Management to complete an [Application for Permits to Drill] with the total time an APD takes to be approved," said Hastings, who chairs the House Natural Resources Committee. United Press International (2/14) LinkedInFacebookTwitterEmail this Story
  • Keystone XL project can help U.S. achieve energy independence
    U.S. policymakers need to embrace the prospect of North American energy independence amid escalating political unrest in the Middle East and a rise in terrorist attacks in the Maghreb region's oil and natural gas facilities in Africa, writes Bernard Weinstein, associate director of Maguire Energy Institute in Southern Methodist University's Cox School of Business. The approval of TransCanada's Keystone XL pipeline among other factors would help speed up the timeline for such a goal, Weinstein adds. The Hill/Congress blog (2/14) LinkedInFacebookTwitterEmail this Story
  • House panel to hold hearing on fracking policy
    A House Energy and Commerce Committee panel will hold a hearing to tackle state-level regulation of hydraulic fracturing and the prospect of new federal policies for the drilling technique. According to the oil and natural gas industry and Republicans, proposed federal policies are duplicative as fracking is adequately regulated by states. The Hill/E2 Wire blog (2/14) LinkedInFacebookTwitterEmail this Story
  • Idaho Senate committee clears new oil, gas regulator
    The proposed restructuring of Idaho's Oil and Natural Gas Commission has been approved by a state Senate committee. Under the plan, five members appointed by the governor would be part of the newly constituted commission. One member would need to have experience in geology, another would need drilling knowledge and another would need technical know-how in water issues. Shale Reporter/The Associated Press (2/14) LinkedInFacebookTwitterEmail this Story
  API News 
  • API Pressure Relieving Systems, March 5 to 7
    API's three-day course, taught by The Equity Engineering Group, Inc. provides real-world case studies about incidents involving Pressure Relief Valves. There also are classroom exercises that illustrate procedures for determining relief rates and valve size. 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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