Reading this on a mobile device? Try our optimized mobile version here:

March 4, 2013
Sign upForwardArchiveAdvertise
News for the oil and natural gas industry

  Top Story 
  • Report: Keystone XL would have minimal impact on environment
    The construction of TransCanada's Keystone XL pipeline wouldn't accelerate oil sands development in Canada, according to a draft report from the U.S. State Department. The report, which was welcomed by industry groups and Republicans, is intended to spark a "public debate," said Kerri-Ann Jones, assistant secretary of state for oceans and onternational environmental and scientific affairs. "No matter how many times [the project] is reviewed, the result is the same: no significant environmental impact," said Marty Durbin, executive vice president of government affairs at the American Petroleum Institute. The Hill/E2 Wire blog (3/1), Reuters (3/1) LinkedInFacebookTwitterEmail this Story
  • Boehner presses Obama to approve Keystone XL pipeline: Proponents of TransCanada's Keystone XL pipeline again made the case for its approval following a State Department report that determined the project would have only a minimal impact on the environment. After years of "needless delays," it is time for President Barack Obama "to stand up for middle-class jobs and energy security and approve the Keystone pipeline," said House Speaker John Boehner, R-Ohio. The Huffington Post/The Associated Press (3/2) LinkedInFacebookTwitterEmail this Story
What Shale Plays Should Be Hot On Your Radar For 2013?
Over 30 leading US operators to reveal what they deem to be the next hottest shale plays on the horizon in the US today, including Roxanna Oil Company, Matador Resources, Zaza Energy, Sunrise, Newfield Exploration, Goodrich Petroleum Corporation, Vision Exploration & more.
  Industry News 
  • Girling is pleased with State Dept. report on Keystone XL project
    The State Department's draft environmental report of TransCanada's Keystone XL pipeline is a crucial step towards the project's completion, said Russ Girling, president and CEO of TransCanada. Girling also sees a late 2014 or early 2015 completion for the pipeline if the Obama administration reaches a final decision by midsummer. Reuters (3/1) LinkedInFacebookTwitterEmail this Story
  • BP exec believed deepwater risks could be addressed
    A BP official believed that the risks related to deepwater drilling could be mitigated before the 2010 Gulf of Mexico oil spill, according to court documents. "I think at the time the individuals involved, which included BP, service companies and contractor personnel, believed that they understood all the risk," Jonathan Sprague, BP's head of drilling engineering for the Gulf, said in his March 2011 testimony. The Washington Post/The Associated Press (3/1) LinkedInFacebookTwitterEmail this Story
  • Transocean says BP misrepresented Gulf oil spill estimates
    The 2010 Gulf of Mexico oil spill was prolonged because BP misrepresented oil spill figures, according to Transocean. BP's flawed estimates prompted workers to use a "top-kill" method to seal its Macondo well, which failed, Transocean said. "Had the alternative source control approach -- known as the BOP-on-BOP -- been attempted instead of the doomed top kill effort, the well could have been capped in mid-May, rather than in mid-July," the oil field services firm said in a filing. Bloomberg Businessweek (3/1) LinkedInFacebookTwitterEmail this Story
  • Court allows BP to access Transocean's insurance policies
    BP can access Transocean's insurance policies to help pay for Gulf of Mexico oil spill-related liabilities, an appeals court ruled. BP argued that its contract with Transocean over the Deepwater Horizon rig and Macondo well project should allow it to be covered in Transocean's policies. "Applying Texas law, especially as clarified since the district court's decision, we find that the umbrella insurance policy -- not the indemnity provisions of Transocean's and BP's contract -- controls the extent to which BP is covered for its operations under the drilling contract," the court said. (3/3) LinkedInFacebookTwitterEmail this Story
  • Other News
  Exploration & Production 
  • Hess announces offshore oil discovery in Ghana
    One of Hess' wells off the coast of Ghana struck more than 500 net feet of oil pay combined, the company announced. "The company now plans to submit appraisal plans for the various discoveries to the Ghanaian government for approval on or before June 2, 2013," Hess said. United Press International (3/1) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Lawmaker wants EPA to perform more E15 impact studies
    A bill unveiled by Rep. Jim Sensenbrenner, R-Wis., would require the Environmental Protection Agency to conduct more studies into the potential impact of E15 on vehicle engines before it is introduced. "We have a responsibility to ensure that Americans using gas-powered machinery are not put at risk due to faulty fuel that has not been adequately vetted," Sensenbrenner said. Bob Greco, the American Petroleum Institute's downstream director, welcomed the measure, saying it shows increasing concern about such renewable fuel policies. United Press International (3/1) LinkedInFacebookTwitterEmail this Story
  • Resolution urges Congress to allow drilling in ANWR
    A resolution that urges Congress to allow energy development on a coastal plain in the Arctic National Wildlife Refuge has cleared the Alaska Senate. Responsible development would help spur economic growth in Alaska and strengthen U.S. national security, according to an official with the state's Resource Development Council. Associated Press (3/1) LinkedInFacebookTwitterEmail this Story
  API News 
  • 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
Learn more
about API ->
API Homepage  |  Join Us  |  Publications  |  Meetings and Training

Subscriber Tools
Print friendly format | Web version | Search past news | Archive | Privacy policy

Account Executive:  Diana Angel (202) 470-1146
A powerful website for SmartBrief readers including:
 Recent API SmartBrief Issues:   Lead Editor:  Bryan McBournie
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2013 SmartBrief, Inc.® Legal Information