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March 27, 2013
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News for the oil and natural gas industry

  Top Story 
  • Report: South Texas is benefiting from Eagle Ford development
    The development of the Eagle Ford Shale generated $61 billion in economic activity in South Texas in 2012 and supported 116,000 jobs, according to a report from the University of Texas at San Antonio. Over 5,400 wells in the formation have received approval from the Texas Railroad Commission, but the study predicts more than 24,000 wells in the play by 2022. (3/26) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • Halliburton rejects BP's claims about cement samples in spill trial
    Halliburton said it didn't destroy key cement samples that could have been used as evidence in a civil trial over the 2010 Gulf of Mexico oil spill, contrary to the accusations of BP. The U.K. oil major is seeking to redirect attention from its accountability in the incident, lawyers for Halliburton said. "There is no evidence that [Halliburton] acted deliberately or intentionally, or that the isolation of the [missing cement] was the result of anything other than a simple misunderstanding," the lawyers said. The Post-Bulletin (Rochester, Minn.)/The Associated Press (3/26) LinkedInFacebookTwitterEmail this Story
  • Transocean exec defends maintenance of Gulf rig
    Transocean's Deepwater Horizon rig received proper maintenance prior to the 2010 Gulf of Mexico oil spill, said William Ambrose, a company executive who headed an internal probe of the incident. Ambrose disputed claims by marine engineering expert Edward Webster, who said a review of documents from the company's computerized maintenance system showed 222 maintenance tasks were overdue on the day before the spill. "Nothing on that list would say 'Stop this rig,'" Ambrose said during a civil trial over the incident. Bloomberg (3/26) LinkedInFacebookTwitterEmail this Story
  • MWCC to hire 100 reservists for spill response operations
    About 100 reservists will be hired by the Marine Well Containment Co. to run some of the firm's oil spill response equipment that will be unveiled later in the year. MWCC seeks "to tap into the skilled and industry-experienced workforce of Louisiana and other Gulf states to achieve our mission to be continuously ready to respond with the expanded containment system," said Marty Massey, the company's CEO. (3/26) LinkedInFacebookTwitterEmail this Story
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  Exploration & Production 
  • Shell, CNPC secure China approval for production sharing contract
    China has approved Royal Dutch Shell's production sharing contract with China National Petroleum, Shell CEO Peter Voser announced. Under the deal, the companies will jointly drill, produce and develop shale natural gas from China's Fushun-Yongchuan block. Voser also said Shell will invest $1 billion in the project. Bloomberg (3/26) LinkedInFacebookTwitterEmail this Story
  Refining & Marketing 
  • Report sees diesel production boost from Gulf Coast refineries
    A study by Energy Security Analysis sees Gulf Coast refineries increasing daily diesel production by more than 100,000 barrels this year due to a large expansion in hydrocracking capacity. This will allow the units to easily provide the diesel needs of Latin America without depending on stocks, the report found. (3/26) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • API's Marty Durbin is picked as CEO of ANGA
    Marty Durbin, the American Petroleum Institute's executive vice president of government affairs, has been picked as CEO of America's Natural Gas Alliance. Durbin will replace Regina Hopper, who left the ANGA position last month. "Marty comes to us with deep industry knowledge, nuanced understanding of the needs of our key demand audiences, and the ability to 'hit the ground running' as we seek to build on the momentum the Board established over the first several years of this organization," said Steven Farris, ANGA chairman and Apache chairman and CEO. The Hill/E2 Wire blog (3/26) 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
  • Tell the State Dept. that Keystone XL is good for America
    We have less than 40 days to tell Secretary of State John Kerry that approving Keystone XL is crucial. We cannot afford to see energy security and economic growth held up any longer. The facts are clear: science supports the project -- as do the majority of the American people. Stand up and take action today for the Keystone XL's approval. LinkedInFacebookTwitterEmail this Story

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