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February 6, 2013
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News for the oil and natural gas industry

  Top Story 
  • Report: CBO miscalculated expanded drilling revenues
    Potential revenues from giving oil and natural gas drillers more access to public lands are far greater than the Congressional Budget Office's estimates, according to the Institute for Energy Research. The country's gross domestic product would increase by $127 billion annually for the next seven years via expanded development, the IER report determined. "[W]hile the Administration cannot shy away from exploring the fiscal benefits of opening Federal lands, the CBO study was restricted to analyzing just one component of those benefits: lease revenues," the report stated. The Hill/E2 Wire blog (2/5) LinkedInFacebookTwitterEmail this Story
Workers all over the world — QIC has a global network of industry consultants along with QIC offices in North America and Europe. QIC offers Inspection, Project Management, & Engineering to clients seeking complete project quality from start to finish.
  Industry News 
  • Anadarko revives efforts to sell offshore assets in Brazil
    Anadarko Petroleum has revived efforts to divest its offshore properties in Brazil, said Bob Gwin, the company's chief financial officer. Anadarko sought to sell the assets early in 2012, but it delayed procedures while it studied Brazil's plan to jointly develop two offshore discoveries, he said. The assets are worth about $3 billion, analysts said last year. Fox Business/Dow Jones Newswires (2/5) LinkedInFacebookTwitterEmail this Story
  • PDC Energy gets $200M from sale of Colo. assets to Caerus
    PDC Energy will get about $200 million from the sale of its "non core" properties in Colorado to Caerus Oil and Gas. The transaction "positions us to accelerate the development of our high-return, liquid-rich Wattenberg and Utica Shale horizontal drilling inventory. The sale represents a major step in our transition towards a high quality, liquid-rich asset base," said James Trimble, president and CEO of PDC Energy. American City Business Journals/Denver (2/5) LinkedInFacebookTwitterEmail this Story
Using Water Cut Meters for Desalter Optimization
Desalters are one of the costliest points in the refining process. Water cut meters like the KAM OWD can be used in the tank or on sample lines to monitor desalinization. An understanding of what's happening in the tank enables operators to optimize energy and chemical usage.
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  Exploration & Production 
  • Shell beats BP to become top oil producer in Gulf
    Royal Dutch Shell surpassed BP as the largest crude oil producer in the Gulf of Mexico. BP had held the top spot since 2008, according to data from the U.S. government, but asset sales and key maintenance work led to a decline in the company's production in 2012. "We are extremely proud of this oil-production milestone in our journey operating deepwater assets in the U.S. Gulf of Mexico," a Shell spokeswoman said. The Wall Street Journal (2/5) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • U.S. energy policy lags behind technology, experts say
    U.S. energy policy isn't keeping up with technological breakthroughs in drilling that have allowed energy firms to tap shale oil and natural gas resources, several analysts said during a House panel hearing. "Our thinking needs to catch up with reality," said Daniel Yergin, vice chairman of IHS CERA. "Our logistics need to catch up with production. Everything's been turned upside down," he said. (2/5) LinkedInFacebookTwitterEmail this Story
  • Report: Canada is unprepared for large offshore spills
    Canada's two offshore petroleum boards lack the ability to handle a large oil spill, according to a report from Canadian Environment Commissioner Scott Vaughan. "We identified several shortcomings, including insufficient spill response tools across the federal government, inadequately tested capacity, poorly coordinated response plans," he said. Reuters (2/5) LinkedInFacebookTwitterEmail this Story
  • U.S. Chamber exec hopes Obama will clear Keystone XL project
    A U.S. Chamber of Commerce official is "hopeful" that TransCanada's Keystone XL pipeline will secure approval from the Obama administration. "I think there are a lot of jobs at stake," said Matthew Koch, vice president for oil sands and Arctic issues with the chamber's Institute for 21st Century Energy. The Hill/E2 Wire blog (2/5) LinkedInFacebookTwitterEmail this Story
  • Ohio industry group opposes plan to boost drilling taxes
    A budget plan introduced by Ohio Gov. John Kasich aims to decrease taxes on small businesses and expand social services. An increase in oil and natural gas drilling taxes would support some of that budget. The state's constituents deserve to enjoy the benefits from the energy sector, but "the last thing Ohio's economy needs is a hefty tax increase that will harm job growth," according to the Ohio Petroleum Council. United Press International (2/5) LinkedInFacebookTwitterEmail this Story
  API News 
  • API-U
    API-U offers training any way you want it, anywhere you want it. Attend one of our instructor-led classes designed to help you get more out of API Standards or choose from more than 140 of our e-Learning courses in mechanical maintenance, electrical maintenance, instrumentation and control, industrial math, and science and safety. 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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