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March 1, 2013
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News for the oil and natural gas industry

  Top 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.

  Industry News 
  • BP's Gulf spill report omitted crucial details, expert says
    A BP safety expert accused the company of straying from its accident-response policy by failing to determine the role of management in the 2010 Gulf of Mexico oil spill. BP also omitted key correspondence between shore and rig managers the day of the rig blast and oil spill in its incident report, Mark Bly, who led an internal probe, said during a civil trial over the spill. (2/28) LinkedInFacebookTwitterEmail this Story
Building Workplace Trust 2015
Interaction Associates' 6th annual research study tracking trust on the job, Building Workplace Trust, is out, and more than half of employees surveyed give their organizations low marks for trust and leadership. Yet this year's findings again point to how high trust leads to better outcomes and financial results — and even boosts innovation.

  Exploration & Production 
  • Apache seals leaking gas well in Gulf
    Apache has successfully plugged and cemented a leaking natural gas well in the Gulf of Mexico, the company announced. Apache on Feb. 4 discovered an uncontrolled fluid flow at the site, prompting it to activate a blowout preventer. However, further tests indicated the migration of hydrocarbons underneath the ocean floor, which triggered well control operations. (2/28) LinkedInFacebookTwitterEmail this Story
  • Chevron provides update about deepwater Gulf well
    Chevron's St. Malo well in the Gulf of Mexico flowed 13,000 barrels per day during a production test, the company said. Chevron is also developing the Jack field in the Gulf. "Jack and St. Malo fields are expected to provide a major step-up in Chevron's production from 2014 and produce domestic energy for decades to come," said Gary Luquette, president of Chevron North America Exploration and Production. Reuters (2/28) LinkedInFacebookTwitterEmail this Story
  • Exxon, Petrom plan further drilling in Romanian Black Sea
    ExxonMobil and Petrom seek to drill another well in the Neptun block in the Romanian Black Sea as early as the end of 2013, said John Knapp, the head of Exxon's Romanian subsidiary. "For a new appraisal of the block, we need to complete the 3D seismic studies and interpret the data and there is also additional drilling that needs to be done," Knapp said. Bloomberg Businessweek (2/28) LinkedInFacebookTwitterEmail this Story
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  Policy Watch 
  • Sen. Murkowski lauds Shell's Alaskan drilling decision
    Royal Dutch Shell's decision to suspend its Alaskan offshore exploration activities this year was commended by Sen. Lisa Murkowski, R-Alaska. "I have been a strong supporter of Shell's activities in the waters off Alaska's northern coastline and in energy exploration in general, but I have always said that it must be done to the highest safety standards," Murkowski said. "Shell's decision to postpone this summer's exploratory drilling program shows that it shares that commitment to safety." Bloomberg Businessweek (2/28) LinkedInFacebookTwitterEmail this Story
  • Official: Keystone XL ruling would show U.S. climate commitment
    The Obama administration's rejection of TransCanada's Keystone XL pipeline would demonstrate that the U.S. is serious about its campaign against global warming, said Connie Hedegaard, the European Union's commissioner for climate action. "That would be an extremely strong signal for the Obama administration," she said. Reuters (2/28) 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
  • 79th Annual API Federal Tax Forum, April 29 and 30
    The forum is one of the only legal conferences focusing on federal oil and gas taxation and is consistently praised by participants as an excellent learning opportunity. It is open to private lawyers and accountants interested in this area and attracts speakers who are leading authorities in their fields. The topics covered at the forum are usually selected to address both basic and advanced issues on the U.S. taxation of domestic and international oil and gas operations. Learn more. LinkedInFacebookTwitterEmail this Story
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