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February 12, 2013
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News for the oil and natural gas industry

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  • N.D. is benefiting from oil production boom, experts say
    The oil production boom in North Dakota is spurring economic growth for the state, analysts say. Since 2009, employment figures rose by over 60% in the Bakken Shale area's 12 counties, according to the Federal Reserve Bank of Minneapolis. "North Dakota was the first state to expand job growth from new fracking and horizontal drilling technologies," said Dean Bangsund, a research scientist at North Dakota State University's Department of Agribusiness and Applied Economics. Fox Business (2/11) LinkedInFacebookTwitterEmail this Story
Statoil & Apache Join Other Leading Shale Operators At America’s Leading Unconventional Drilling Congress
Bakken Integration Team from Statoil join 21 industry leaders to present the technologies their team is using to successfully drill horizontally in the Bakken & Three Forks. Apache join the Drilling Muds panel along with Southwestern Energy, Halcon Resources & Range Resources for in-depth discussion on optimal fluid selection. 1 WEEK TO GO – REGISTER TODAY.
  Industry News 
  • BP signs natural gas export deal with Freeport LNG
    BP has struck a deal to export 4.4 million tons of liquefied natural gas annually from Freeport LNG's Texas terminal for 20 years. The agreement will begin when the terminal's second production unit is finished. "With the first two liquefaction trains of the project fully contracted, we intend to approach the financing markets imminently so that we can begin construction on the initial two-train facility as soon as we receive Federal Energy Regulatory Commission approval," said Michael Smith, chairman and CEO of Freeport LNG. Bloomberg Businessweek (2/11) LinkedInFacebookTwitterEmail this Story
  • Justice Dept. sues ATP over illegal oil discharge in Gulf
    The Department of Justice accused ATP Oil and & Gas of illegally releasing oil and an unauthorized chemical dispersant into the Gulf of Mexico from at least October 2010 to March 2012. ATP improperly operated a wastewater treatment system on its floating production platform in the Gulf, which led to the discharge of excess oil, the department said in a civil complaint filed in a federal court. The chemical dispersant was then added to the discharge to conceal the spill, the filing states. The Wall Street Journal (2/11) LinkedInFacebookTwitterEmail this Story
  • Shell to tow Alaskan rigs to Asian ports for repairs
    Two of Royal Dutch Shell's drilling vessels that were used in its Alaskan offshore exploration project will be towed to Asian ports for major repairs, the company said. "We have not made any final decision on 2013 drilling in Alaska," said Curtis Smith, a spokesman for the company. This will be determined by the extent of repairs and the results of inspections, he added. The New York Times (tiered subscription model) (2/11) LinkedInFacebookTwitterEmail this Story
Selling your business? Here are 7 things you should do now.
If you're considering selling your business, you should be doing everything you can to get the best possible price. In just 7 simple steps you can improve your chances of attracting buyers and getting big bucks for your business. Read the article and learn the 7 steps.

  Policy Watch 
  • House Republicans increase pressure for Keystone XL approval
    Republicans on the House Energy and Commerce Committee are ramping up their pressure on President Barack Obama to approve TransCanada's Keystone XL pipeline. A website launched by panel members includes a "Keystone Clock," which shows the number of days that have passed since the project's application was filed. "Keystone XL remains an opportunity to help create a more secure energy future, but the clock on Keystone XL is still ticking as the president continues to delay his decision on the project," the lawmakers said. The Hill/E2 Wire blog (2/11) LinkedInFacebookTwitterEmail this Story
  • N.C. lawmakers propose bill to pave way for fracking
    North Carolina Senate Republicans have unveiled a bill that would pave the way for hydraulic fracturing and horizontal drilling in the state as soon as 2015. Under the measure, regulators would be allowed to release permits months after a special panel completes rules for the drilling techniques. Fracking was authorized by the state legislature in 2012, but the issuance of permits needs the approval of lawmakers. SeattlePI.com/The Associated Press (2/11) LinkedInFacebookTwitterEmail this Story
  • Colo. regulator OKs wider setback requirement for oil, gas wells
    New oil and natural gas wells in Colorado need to be at least 500 feet from homes and buildings, according to a new rule approved by the state's Oil and Gas Conservation Commission. The policy replaces an earlier 350-foot setback rule. "We do not believe this new rule properly acknowledges either the complexities or the impacts to a diverse array of citizen stakeholders," said Tisha Schuller, president and CEO of Colorado Oil and Gas Association. Oil & Gas Journal (2/11) LinkedInFacebookTwitterEmail this Story
  • Senate panel to hold hearing on natural gas exports
    The Senate Energy and Natural Resources Committee today will hold a hearing on the prospects of expanding exports of liquefied natural gas. This comes as the Department of Energy is weighing several LNG export project applications. American Petroleum Institute President and CEO Jack Gerard, Colorado Gov. John Hickenlooper and Natural Resources Defense Council President Frances Beinecke are among several witnesses in the hearing. FuelFix.com (2/11) LinkedInFacebookTwitterEmail this Story
  API News 
  • Strategic Leadership Skills, April 15 to 19, Dallas
    Research has shown that effective leaders have developed a pattern of success based on critical competencies that have been honed throughout their careers. In this program, you'll be exposed to a highly creative faculty who will give you the tools to think and work differently as you move through the leadership roles and challenges of the oil and natural gas industry for the next decade. 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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