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December 7, 2012
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News for the oil and natural gas industry

  Top Story 
  • Expert sees North American energy independence within 10 years
    The rapid growth in U.S. oil and natural gas production will help North America achieve energy independence within 10 years, said Terry Higgins, a refining expert with Hart Energy. This will pave the way for the U.S. to become the leading producer of oil and petroleum liquids in the world. "It doesn't have anything to do with any proposed policy. This is really going to happen. We actually will be energy self-sufficient," Higgins said. (12/6) LinkedInFacebookTwitterEmail this Story
Join experts in March to discuss Bakken crude logistics
Leaders in oil production, transportation, logistics & related services are invited to attend the 2nd Annual Bakken Crude Oil Logistics Conference at the JW Marriott in Houston on March 7-8, 2013. Building on 2012's well-attended event, The Petroleum Institute encourages you to attend, exhibit at, or sponsor the only event focused on this vital topic.
  Industry News 
  • BP breaks ground on high-performance computing center in Texas
    BP has broken ground on a new high-performance computing facility in Houston that will be used for commercial energy research. The company is expected to spend more than $100 million in the next half decade to complete the complex, which will contain more than 67,000 central processing units. "BP's new high-performance computing center will be as important to our global search for new energy resources as any piece of equipment we employ today, and it once again highlights BP's commitment to applying the best technology to the world's biggest energy challenges," said Robert Fryar, the company's executive vice president of production. The Times-Picayune (New Orleans) (12/6) LinkedInFacebookTwitterEmail this Story
  • Dominion Resources touts LNG export opportunities
    Dominion Resources sees plenty of natural gas export opportunities following the Department of Energy's report about the benefits of such projects. The company owns the Cove Point facility in Maryland, which received clearance to export up to 1 billion cubic feet of LNG annually. "Dominion Cove Point is the logical, cost-effective and environmentally efficient site to use to export domestic natural gas," said Thomas Farrell II, Dominion's chairman, president and CEO. Associated Press (12/6) LinkedInFacebookTwitterEmail this Story
  • Other News
  Exploration & Production 
  • Noble Energy to allocate $1.7B to develop Colo. assets
    Noble Energy will invest $1.7 billion to develop its properties in the Denver-Julesburg Basin in Colorado in 2013 and boosted the recoverable oil estimate in its assets. Noble will be able to raise the number of wells drilled in the region to 300 and 2013 and 500 a year by 2017 through the investment, the company said. The Denver Post (12/6) LinkedInFacebookTwitterEmail this Story
  • Drillers continue to ramp up activity in Ohio's Utica Shale
    Energy firms operating in Ohio's Utica Shale formation continue to ramp up development, state regulators said. Forty-five of the 188 Utica Shale wells drilled in the eastern part of the state this year are producing, said Michael McCormac, a manager in the Ohio Department of Natural Resources. Regulators also expect that about 2,250 shale wells will be drilled by 2015, he said. Akron Beacon Journal (Ohio) (12/6) LinkedInFacebookTwitterEmail this Story
  • Official: Key Canadian Arctic players are eager to resume drilling
    ExxonMobil, BP and Imperial Oil next year could seek regulatory clearance to resume exploratory drilling in Canada's portion of the Beaufort Sea, said Dave Ramsay, industry minister of the Northwest Territories. The major firms in the Canadian Arctic are "anxious to move forward and are looking at the Beaufort as an opportunity" for oil shipments to U.S. and Canadian markets, Ramsay said. Platts (12/6) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • State Dept. decision on Keystone XL may come soon, official says
    The State Department is expected to give its preliminary decision on TransCanada's Keystone XL pipeline "in the near future," a department official said. This week, Nebraskans expressed mixed views on the company's proposed route for the pipeline that steers clear of the environmentally sensitive Sand Hills region in Nebraska. Keystone XL supporters have said that the project would help spur economic growth and strengthen U.S. energy security. United Press International (12/6) 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
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