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March 19, 2013
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News for the oil and natural gas industry

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  • API: Positive reviews strengthen case for approval of Keystone XL
    The American Petroleum Institute made its case for the approval of TransCanada's Keystone XL pipeline, citing several reviews that determined the project will be environmentally sound. "After four comprehensive federal reviews and a Nebraska review, the science continues to say that Keystone XL will have no significant impact on the environment," said Marty Durbin, executive vice president of government affairs at API. "It's time to put the pipe in the ground." United Press International (3/18) LinkedInFacebookTwitterEmail this Story
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  Industry News 
 
  • Judge rejects BP motion to dismiss possible negligence finding
    A federal judge rejected BP's motion to dismiss a possible gross negligence finding against the company in a civil trial over the 2010 Gulf of Mexico oil spill. The U.K. oil major could pay up to $17.6 billion in Clean Water Act violations over such a finding. "I don't see any point in arguing it," U.S. District Judge Carl Barbier said. Bloomberg (3/18) LinkedInFacebookTwitterEmail this Story
  • Court hears testimony of Transocean's first witness in spill trial
    Transocean's Deepwater Horizon was a "state-of-the-art" rig and the company's drilling crew received proper training, well control expert Calvin Barnhill said during a civil trial over the 2010 Gulf of Mexico oil spill. Barnhill was the first witness that Transocean called in the trial. BP was ultimately accountable for the correct interpretation of a key safety test before the incident, Barnhill said. CNBC/The Associated Press (3/18) LinkedInFacebookTwitterEmail this Story
  • Some offshore contractors get safety violation notices
    Nabors Offshore, Ensco Drilling and three other offshore drilling contractors have received safety violation notices from the Bureau of Safety and Environmental Enforcement. The moves show that regulators are serious about expanding their oversight of offshore drilling operations to include contractors, observers say. San Antonio Express-News (3/18) LinkedInFacebookTwitterEmail this Story
  • Hess gets $265M from sale of Eagle Ford assets to Sanchez Energy
    Sanchez Energy agreed to purchase properties in the Eagle Ford Shale play in Texas from Hess for $265 million. The transaction includes 4,500 barrels of oil equivalent per day of production and approximately 13.4 million barrels of oil equivalent in proved reserves. Reuters (3/18) LinkedInFacebookTwitterEmail this Story
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  Exploration & Production 
 
LNG 17 ONLINE REGISTRATION EXTENDED — 29 MARCH
Great news! Online delegate registration for this year's biggest global gas event has now been extended to 29 March. Please note that this is the final deadline. Registering online will give you access to the LNG 17 event app which offers an exclusive delegate-to-delegate networking facility. Register: LNG17.org
  Refining & Marketing 
  • EPA asked to continue analyzing refineries rule
    The Environmental Protection Agency will conduct additional research into proposed revisions to air pollution regulations for refineries, the agency said. The proposal had been submitted to the White House Office of Management and Budget in September 2012 and was returned to EPA last week. However, the oil and natural gas industry doesn't feel new rules are needed. "Imposition of additional regulation of refinery emissions on top of the layers of regulations already imposed on the refinery sector is unnecessary," said Howard Feldman, director of regulatory and scientific policy for the American Petroleum Institute. Bloomberg BNA (free content) (3/15) LinkedInFacebookTwitterEmail this Story
  • U.S. refiners prepare for Keystone XL
    The Keystone XL pipeline awaits U.S. approval, but domestic refiners are preparing now for the possible influx of plentiful, cheaper oil supplies. "When you think that refineries were going to close a few years ago and now we've got a feedstock advantage, if that advantage carries through, refineries around the Gulf Coast have the ability to export and protect jobs," said Kevin Brown, senior vice president for refining at LyondellBasell. The Globe and Mail (Toronto) (tiered subscription model) (3/16) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Obama's energy trust fund draws criticism from La. lawmakers
    President Barack Obama's "Energy Security Trust" plan that would use offshore oil and natural gas drilling revenues to finance alternative energy development projects drew criticism from several Louisiana lawmakers. The proposal comes as the lawmakers are working on a measure that would give Gulf Coast states a larger share of such revenues. "But dedicating offshore oil and gas revenues toward [a fund] and not at the same time acknowledging the role that coastal states play in producing these revenues for the nation is a grave oversight," said Sen. Mary Landrieu, D-La. The Advocate (Baton Rouge, La.) (3/18)
  • Senate bills target incentives for oil, gas companies
    Two bills unveiled by Senate Democrats seek to reduce some incentives that oil and natural gas companies receive from the federal government. A measure by Sen. Dianne Feinstein, D-Calif., would bar the Department of the Interior from waiving offshore drilling royalties in deep waters. A bill proposed by Sen. Bill Nelson, D-Fla., would eliminate tax incentives for costs associated with oil spills. Platts (3/18) 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
  • API-U
    API-U offers training any way you want it, anywhere you want it. Attend one of our instructor-led classes designed to help you get more out of API Standards, or choose from more than 140 of our e-Learning courses in mechanical maintenance, electrical maintenance, instrumentation and control, industrial math, and science and safety. Learn more. LinkedInFacebookTwitterEmail this Story
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