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January 9, 2013
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News for the oil and natural gas industry

  Top Story 
 
  • API urges Obama to ramp up domestic energy production
    American Petroleum Institute President and CEO Jack Gerard urged President Barack Obama to ramp up domestic energy production, rather than impose new taxes, if the government wants to increase revenue. "Energy access, not taxes, is the key to unlocking new revenues for our government," Gerard said on Jan. 8 during his annual State of American Energy address. "If we seize the opportunity now, we will be positioned to lead for decades and realize the economic and energy security benefits of that leadership," he said. The Washington Times (1/8) LinkedInFacebookTwitterEmail this Story
  • API encourages Shell to move ahead with Arctic drilling plans: Royal Dutch Shell should move ahead with its plans to drill oil in the Arctic Ocean despite the recent grounding of the Kulluk rig, said American Petroleum Institute President and CEO Jack Gerard in his State of American Energy address. Gerard pointed out that the matter was a transportation concern and not an issue of oil drilling. Also, Shell is "not only highly regulated, but also highly monitored and scrutinized at what they're doing. So I think that clearly needs to move forward," he added. Alaska Public Radio Network (1/8) LinkedInFacebookTwitterEmail this Story
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  Industry News 
  • Interior Dept. to assess Shell's offshore Arctic oil drilling
    The difficulties experienced by Royal Dutch Shell in its offshore Arctic drilling activities last year have prompted the Department of the Interior to conduct a 60-day assessment of the company's drilling program in the region. The review will be used in making decisions on permits for future offshore oil exploration in the Arctic, said Interior Secretary Ken Salazar. "The administration is fully committed to exploring for potential energy resources in frontier areas such as the Arctic. The unique challenges posed by the Arctic environment demand an even higher level of scrutiny," Salazar said in a statement. Bloomberg Businessweek (1/8) LinkedInFacebookTwitterEmail this Story
  • Coast Guard to investigate Shell drilling rig grounding: The U.S. Coast Guard is set to begin a formal investigation on the New Year's Eve grounding of the Kulluk, a Royal Dutch Shell drilling rig, on Alaska's Sitkaliadak Island. The inquiry will seek the possible causes of the incident and determine whether any negligence or misconduct led to the grounding. The Bureau of Safety and Environmental Enforcement and the National Transportation Safety Board will advise on the probe while a Coast Guard investigating officer will be in charge of the inquiries. Rigzone (1/8) LinkedInFacebookTwitterEmail this Story
  • Report: 2012 energy sector M&A posted record $254 billion
    Merger deals and acquisitions in the energy industry reached a record $254 billion in 2012, spurred by policy changes from the fiscal cliff and a second term for President Barack Obama, according to a report by PLS and Derrick Petroleum Services. The number of deals reached more than 670 last year, with values 50% higher than in 2011. This year, activity will continue to rise due to several factors such as sustained recovery in the Gulf of Mexico and increasing Asian demand for natural gas. FuelFix.com (1/8) LinkedInFacebookTwitterEmail this Story
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  Exploration & Production 
  • Commission study finds natural gas potential in Alaskan foothills
    The Alaska Oil and Gas Conservation Commission learned in past drilling records that old oil exploration wells on Alaska's North Slope have natural gas potential. The commission's research on 47 wells initially found possible to proven shows of gas in a majority of the North Slope foothills, while its scoping study of 126 legacy wells in the Alaskan National Petroleum Reserve also revealed gas potential. SNL Financial (free content) (1/7) LinkedInFacebookTwitterEmail this Story
  • Petrobras operation at Sapinhoa oil field commences
    Petrobras started commercial production at the Sapinhoa oil field in Brazil. Several oil wells will be added and connected to the Cidade de Sao Paulo platform in the next few months in order to produce about 120,000 barrels of crude oil a day in the first half of 2014, according to Repsol, one of the partners in the consortium. The crude oil produced from the field will be taken to the Monteiro Lobato treatment plant in Caraguatatuba, on the coast of Sao Paulo State, through the Sapinhoa-Lula-Mexilhao pipeline. Rigzone (1/8) LinkedInFacebookTwitterEmail this Story
  Refining & Marketing 
  • Phillips 66 N.J. refinery to get oil from Bakken Shale
    Phillips 66 secured a deal with Global Partners to get crude oil delivered by rail to its New Jersey refinery from North Dakota's Bakken Shale. The five-year contract will allow Phillips 66 to take in 50,000 barrels of oil per day using Global Partners' rail network. Fox Business (1/8) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Oil, gas firms seek better relationship with Obama administration
    As President Barack Obama seeks to make the U.S. a bigger player in energy exporting, the oil and natural gas industry anticipates a stronger relationship with the government. American Petroleum Institute President and CEO Jack Gerard expressed optimism with Obama's tone towards the industry. Gerard also discussed how hydraulic fracturing on federal lands, the Keystone XL pipeline and the easing of regulations could help boost the industry and the economy, adding that the administration should not "do anything that would discourage that investment and economic activity." The Hill/E2 Wire blog (1/8) LinkedInFacebookTwitterEmail this Story
  • N.Y. commission calls for major infrastructure changes after Sandy
    The NYS 2100 commission, a panel created by New York Gov. Andrew Cuomo after superstorm Sandy, released a report calling for building storm surge barriers and "green infrastructure" such as oyster beds, dunes and wetlands to protect the state from future super storms. Other recommendations from the panel include protection of chemical, petroleum and hazardous waste tanks in flood plains, decentralization of electricity generation and fortification of drinking water and wastewater infrastructure. Environmental Leader (1/8), The New York Times (tiered subscription model) (1/6) 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
  • Class A, B, C Storage Tank Operator Training
    As recognized leaders in safety-training and storage-tank-compliance services, the American Petroleum Institute and Antea Group have joined forces to offer an online UST Operator Training program that meets both federal and state operator-training requirements as mandated by the Federal Underground Storage Tank Compliance Act of 2005. Our comprehensive program is state-approved and includes Class A, Class B and Class C certification for storage-tank operators. All training content includes state-specific regulations and can be customized for various storage-tank configurations. Our unique online training is conveniently available 24 hours a day. Learn more. LinkedInFacebookTwitterEmail this Story
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