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November 20, 2012
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News for the oil and natural gas industry

  Top Story 
  • Industry awaits Obama's moves on natural gas development
    The energy industry and environmentalists are closely watching what President Barack Obama will decide about the promotion or regulation of natural gas development. American Petroleum Institute President and CEO Jack Gerard said he hopes Obama follows through with his campaign rhetoric. "He has evolved on the oil and the gas issue, and today, he gives it a full-throated endorsement in terms of the need to produce it to create jobs, get our economy back on track," Gerard said. Associated Press (11/19) LinkedInFacebookTwitterEmail this Story
Join experts in March to discuss Bakken crude logistics
Leaders in oil production, transportation, logistics & related services are invited to attend the 2nd Annual Bakken Crude Oil Logistics Conference at the JW Marriott in Houston on March 7-8, 2013. Building on 2012's well-attended event, The Petroleum Institute encourages you to attend, exhibit at, or sponsor the only event focused on this vital topic.
  Industry News 
  • BSEE probes blast at Black Elk platform in Gulf
    An explosion and fire on one of Black Elk Energy's oil platforms in the Gulf of Mexico is being investigated by the Bureau of Safety and Environmental Enforcement. "BSEE personnel have been working around the clock inspecting the facility, meeting with witnesses and reviewing all available technical documents to ensure that we are able to obtain an accurate representation of what happened on West Delta 32 early Friday morning," said James Watson, the bureau's director. (11/19) LinkedInFacebookTwitterEmail this Story
  • CSB requests documents from Black Elk on Gulf platform blast
    Black Elk Energy is facing a subpoena from the Chemical Safety Board related to an explosion and fire at one of the company's Gulf of Mexico oil platforms, which led to the death of two workers. The subpoena includes potential physical evidence at the platform, witness identification and information about the use of combustible-gas detectors at the site. The company was also requested to provide safety and environmental management program documents. (11/19) LinkedInFacebookTwitterEmail this Story
  • Statoil CEO is bullish about North American oil, gas
    Statoil President and CEO Helge Lund is optimistic about North America's oil and natural gas reserves. "What we are now seeing in North America is an energy revolution that has helped increase energy security, reduce imports, create new jobs, stimulate economic growth and reduce carbon emissions," Lund said. His remarks came after the International Energy Agency released a study that found the U.S. is on its way to become a global oil and natural gas production leader. United Press International (11/19) LinkedInFacebookTwitterEmail this Story
  • NOAA, N.H. university seek to study oil spill effects
    Several research projects will receive grants from the National Oceanic and Atmospheric Administration and the University of New Hampshire's Response Research Center to look into the effects of oil spills. A consulting group from Virginia will study social media's role in sharing oil spill risks, while a South Carolina firm will form a database on the impacts of spilled oil on marine life. Associated Press (11/19) LinkedInFacebookTwitterEmail this Story
  Exploration & Production 
  • Talisman Energy announces large oil find in Iraq's Kurdistan
    One of Talisman Energy's onshore wells in Iraq's Kurdistan region struck large quantities of light oil, the company announced. The company carried out a cased-hole test at the Oligocene formation that confirmed an oil column of at least 479 feet. "We are very excited to have found high-quality oil with significant flow rates in the lower part of the Oligocene formation," said Richard Herbert, executive vice president for exploration at Talisman. Rigzone (11/19) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Industry is benefiting from shale boom, execs say
    Industry executives believe that a surge in shale oil and natural gas production is transforming the energy sector but could also affect conventional crude prices. Last week, the International Energy Agency reported that a shale production boom would help the U.S. become the largest oil producer in the world by 2017. "We are facing a revolution, from North America," said Christophe de Margerie, chairman and CEO of Total. IndustryWeek/Agence France-Presse (11/19) LinkedInFacebookTwitterEmail this Story
  • Shell, others emphasize need for "clear" GHG emissions price
    Lawmakers worldwide need to set a "clear" price on greenhouse-gas emissions to fight climate change, more than 100 companies, including Royal Dutch Shell, said. "A clear, stable, ambitious and cost-effective policy framework is essential to underpin the investment needed to deliver substantial greenhouse gas emissions reductions by midcentury," the companies said. "Putting a clear, transparent and unambiguous price on carbon emissions must be a core policy objective." (11/19) LinkedInFacebookTwitterEmail this Story
  API News 
  • What's Next for the Oil and Natural Gas Industry?
    With the election behind us, join API's Energy Nation program for a special post-election webcast on Tuesday, Dec. 4. API's executive vice president, Marty Durbin, will discuss how the 2012 elections will impact energy policy moving forward and what you can do to help support a healthy oil and natural gas industry. RSVP to receive more information and submit questions for the discussion. LinkedInFacebookTwitterEmail this Story

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