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March 15, 2013
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News for the oil and natural gas industry

  Top Story 
 
  • Study notes economic benefits of oil industry in N.D.
    North Dakota's oil industry generated $30.4 billion in economic activity in 2011, up from just $4.4 billion in 2005, when the state's oil boom was just beginning, a North Dakota State University report found. The industry supported close to 41,000 full-time jobs in 2011, which represents about 9% of the workforce in the state, according to the study. "Oil and gas has had a very significant impact on our state's economy," said Gov. Jack Dalrymple. FuelFix.com/The Associated Press (3/14) LinkedInFacebookTwitterEmail this Story
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  Industry News 
  • Halliburton finds possible Macondo well cement samples in lab
    Some cement samples that could be connected with BP's Macondo drilling project in the Gulf of Mexico were discovered in Halliburton's laboratory in Louisiana, a lawyer for the services contractor said in a civil trial over the 2010 Gulf of Mexico oil spill. Halliburton is studying whether the samples should have been submitted to the Department of Justice, lawyer Donald Godwin said. "The lab was immediately instructed to photograph the materials and to continue to hold them," he said. ABC News/The Associated Press (3/14) LinkedInFacebookTwitterEmail this Story
  • BP gets conditional clearance to bid in upcoming Gulf lease sale
    BP can bid in the federal government's energy lease sale covering tracts in the Gulf of Mexico next week, even though the company is suspended from securing federal contracts, the Department of the Interior said. However, if BP comes out the highest bidder and remains under suspension when the lease is issued, it will be ineligible. "Concurrently, the previous second highest bidder will assume the position of the highest responsible qualified bidder," according to the department. FuelFix.com (3/14) LinkedInFacebookTwitterEmail this Story
  • Shell scores appeals court ruling on Greenpeace injunction
    A court ruling barring Greenpeace from interfering with Royal Dutch Shell's offshore exploration activities in Alaska was upheld by a federal appeals court. Shell claimed activists engaged in illegal actions to meddle with its operations and filed an injunction in the U.S. District Court in Alaska. The company had demonstrated "a likelihood of success on the merits of its claim that Greenpeace USA would commit tortuous or illegal acts against Shell's Arctic drilling operations in the absence of an injunction" and that the resulting damage would be beyond repair, the court concluded. Rigzone (3/13) LinkedInFacebookTwitterEmail this Story
  Exploration & Production 
  • Report: Calif. stands to benefit from shale oil development
    California could experience a surge in economic activity of up to 14.3% through the development of the Monterey Shale using hydraulic fracturing, according to a report from the University of Southern California. "Based on the experience of other states, not only would state unemployment fall, but significant migration of properly skilled workers into California would occur," the study found. Californians could also gain more jobs with proper training and education, the report added. Bloomberg (3/13) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Rep. Royce says Obama should stop delaying Keystone approval
    The Obama administration has run out of excuses about delaying a decision on TransCanada's Keystone XL pipeline, said Rep. Ed Royce, R-Calif. He cited a draft report from the State Department, which determined that the project was environmentally sound. "The only rational move for the administration to make is to go ahead and approve the pipeline," Royce said, adding the project would generate jobs and strengthen energy security. The Hill/E2 Wire blog (3/14) LinkedInFacebookTwitterEmail this Story
  • Bipartisan bill would allow Congress to rule on Keystone XL
    Congress would have the authority to green-light TransCanada's Keystone XL pipeline under a bill introduced by Sens. John Hoeven, R-N.D., and Max Baucus, D-Mont. The federal government is expected to issue a final decision on the project around August, but the ruling could not wait, Hoeven said. "We don't know if Obama will approve it or provide a new regulatory barrier," he added. Reuters (3/14) LinkedInFacebookTwitterEmail this Story
  • House lawmakers seek approval of TBHA with Mexico
    Lawmakers on the House Foreign Affairs Western Hemisphere Subcommittee made their case for the implementation of the Trans-Border Hydrocarbons Agreement with Mexico as part of efforts to achieve energy security and independence in North America. The pact would also encourage joint Gulf of Mexico development ventures between smaller U.S. firms and Mexico's Pemex, said Kyle Isakower, vice-president for regulatory and economic policy at the American Petroleum Institute. "This agreement will provide legal certainty to U.S. [independents], which will encourage investment in new energy development, creating jobs and spurring economic growth," Isakower said. Oil & Gas Journal (3/14) LinkedInFacebookTwitterEmail this Story
  API News 
  • Center for Offshore Safety First Annual Forum, April 29 and 30
    The Center for Offshore Safety is focused on promoting the highest levels of safety and environmental protection for offshore drilling, completions and production operations in deepwater Gulf of Mexico. The First Annual Forum's agenda has been created to provide an update on progress made by the Center and its cross-industry work groups, including SEMS Audit tools and SEMS good practices. The agenda is complemented by interactive panel sessions regarding SEMS implementation and industry experiences. The Forum is an excellent opportunity to gain an insight and understanding of SEMS, SEMS implementation, SEMS auditing, and the work being undertaken by the COS. Learn more. LinkedInFacebookTwitterEmail this Story
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