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November 13, 2012
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News for the oil and natural gas industry

  Top Story 
Permian Basin Completions Congress 2012, December 5-6, 2012 Houston, Texas
Join Chevron, Cimarex Energy, Denzil West, Blacksands Petroleum, Devon Energy, Caza Petroleum, Element Petroleum, Eagle Oil & Gas & More To Address: Driving Down The Costs Of Tight Oil Recovery In Horizontal And Vertical Targets In The Midland And Delaware Basins. REGISTER HERE TODAY.
  Industry News 
  • API to launch campaign in support of oil, gas tax incentives
    The American Petroleum Institute is launching an extensive ad campaign in support of the tax deductions enjoyed by oil and natural gas companies. This comes as the White House and Congress could consider eliminating such tax incentives to avert the "fiscal cliff." "The oil-and-gas industry will not be singled out for punitive treatment," said Jack Gerard, president and CEO of API. The Hill/E2 Wire blog (11/12) LinkedInFacebookTwitterEmail this Story
  • Tudor CEO sees plenty of opportunities in shale plays
    There will be plenty of opportunities in unconventional shale plays in the coming years, said Bobby Tudor, chairman and CEO of investment bank Tudor, Pickering, Holt & Co. However, Tudor offered a dim outlook for natural gas prices in the near term, saying they aren't sustainable. ExxonMobil, BHP Billiton and other energy majors can continue gas production because they can afford to wait for prices to recover, but small firms are exiting the business, he said. (11/12) LinkedInFacebookTwitterEmail this Story
  • Shale drilling boom boosts demand for workers in energy industry
    The shale oil and natural gas drilling boom and impending worker retirements have increased the demand for the energy industry workforce, observers say. However, some people believe there aren't enough science and engineering students to help meet that demand. "It's very important they bring a two-year degree, a four-year degree. What we don't have is good opportunities for people who are just high school graduates," said Scott Rozzell, CenterPoint Energy's vice president and general counsel. (11/12) LinkedInFacebookTwitterEmail this Story
  • Other News
  Exploration & Production 
  • Experts see challenges in carrying oil discovered in Arctic
    At least 12 years would be needed to transport crude oil from the Beaufort and Chukchi seas off of Alaska to refineries, should Royal Dutch Shell make discoveries there, because of the lack of infrastructure, experts say. "It's the sheer scale of putting in all the pipelines and all the platforms and then putting in all the shore bases to support that," said Charlie Williams, executive director of the Center for Offshore Safety. (11/12) LinkedInFacebookTwitterEmail this Story
  • Shell details development program for Iraqi oil field
    Royal Dutch Shell expects production from the Majnoon oil field in Iraq to reach more than 200,000 barrels per day in the third quarter of 2013, according to the company's development plan. Shell has also filed a $1.384 billion budget as a "total recoverable cost" for the development of the field, the plan states. Fourteen wells will have been completed by the end of this year. Reuters (11/12) LinkedInFacebookTwitterEmail this Story
  • ExxonMobil acquires shares in Colombian basin from Sintana
    ExxonMobil has struck a deal to acquire a 70% stake in the Middle Magdalena Basin in Colombia from Sintana Energy. Under the terms, Exxon will pay the costs associated with the project's first drilling phase and can also choose to move ahead with the development phase. Drilling of the initial exploration well is scheduled to commence in the third quarter of next year. Rigzone (11/12) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Keystone XL project will get Obama's approval, report finds
    TransCanada's Keystone XL pipeline will secure President Barack Obama's approval, but the decision may take time, according to a report from Moody's Investors Service. "Still, even if Keystone XL went into operation in 2015 or 2016, Gulf Coast refining and marketing companies would benefit from wider light/heavy crude price differentials," the report stated. The Hill/E2 Wire blog (11/12) LinkedInFacebookTwitterEmail this Story
  API News 
  • API Inspection Summit, Jan. 7 to 10, Galveston, Texas
    The American Petroleum Institute invites you to attend the API Inspection Summit & Expo in Galveston, Texas, at the Galveston Island Convention Center, Jan. 7 to 10. The summit will provide you an opportunity to learn about new and existing industry codes and standards, and to hear about emerging trends from industry experts. It is also the only networking event for inspectors in the industry and includes an exhibit hall with more than 50 companies displaying the latest in inspection services. The API Inspection Summit program will feature over 120 individual sessions, as well as a new feature for 2013 -- a one-day optional training component consisting of eight technical courses, providing in-depth education to attendees. The Call for Presentations has been extended to Sept. 14. Learn more and register. 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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