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- API responds to study about cost of cutting sulfur emissions
A new report by Navistar Economics finds that a plan by the Environmental Protection Agency to reduce sulfur emissions from gasoline would raise gas prices by about one cent per gallon, not six to nine cents per gallon as was estimated by an earlier report for the oil industry. The American Petroleum Institute criticized the Navistar report, saying that it ignored some of the EPA plan's downsides. "Refineries have spent billions of dollars to reduce sulfur in gasoline by 90 percent over 10 years, and EPA has not provided any evidence that a further reduction would provide any environmental benefit," said Bob Greco, API director of downstream operations. "We are concerned that adding unnecessary costs and regulatory burdens is bad public policy and could end up burdening consumers." FuelFix.com
(6/14)     
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- Apache CEO says company benefiting from onshore investments
Apache is benefiting from its early onshore investments in the Central U.S. and West Texas, and those assets will fuel the company's growth through 2016, CEO Steve Farris said. "We’re now in a position to really move the needle in the United States," Farris said. Total daily production is expected to reach 1 million barrels of oil equivalent by 2016, he said. FuelFix.com
(6/14)
- BSEE to deploy inspectors to Shell's drilling rigs
The Bureau of Safety and Environmental Enforcement will be deploying inspectors to Royal Dutch Shell's Discover and Kulluk drilling rigs in Alaska. "BSEE will diligently review and monitor Shell's proposed activities at each stage to ensure they remain compliant with federal regulations and are performed in a safe manner," said BSEE Director James Watson. Houston Chronicle
(6/14)
- Investor groups seek cuts in methane emissions from drilling projects
Methane releases from the production and development of unconventional oil and natural gas resources should be minimized, three investor groups said, adding that such emissions could boost economic risk and speed up climate change. "That is why investors will continue to work closely with the oil and gas industry and regulators to limit risks, increase efficiency, and mitigate environmental impact by reducing emissions of this powerful greenhouse gas," said Mindy Lubber, director of the North American Investor Network on Climate Risk. Oil & Gas Journal
(6/14)
- N.D. governor seeks swift expansion of state's pipeline network
The expansion of North Dakota's pipeline network should be done safely and immediately, North Dakota Gov. Jack Dalrymple said. Adding more pipelines would open more markets for the state's oil and natural gas resources, reduce natural gas flaring and significantly curb truck traffic, Dalrymple said. "No single thing will do more to reduce human impacts of rapid oil development than pipelines," Dalrymple said. CNBC/The Associated Press
(6/14)
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- Exxon, Statoil announce major gas discovery offshore in Tanzania
Three trillion cubic feet of gas has been discovered at a well off the Tanzanian coast owned by Statoil and ExxonMobil, and 1 Tcf of gas has been added to a nearby discovery, Statoil said. However, another major discovery is needed for Statoil to feel confident that there is enough gas for commercial development, said Tim Dodson, the company's executive vice president for exploration. "The Tanzanian government's expectation that development would start in seven years is not completely unreasonable," he added. Reuters
(6/14)
- Researchers to unveil report about quakes, drilling
The National Research Council will unveil a study about the possible link between drilling-related technologies, such as wastewater injections, and earthquakes. The analysis delves into "the scale, scope, and consequences of earthquakes caused by subsurface fluid injection during energy production and identifies gaps in knowledge and research that could advance the understanding of man-made earthquakes," the council said. The Hill/E2 Wire blog
(6/14)
| Policy Watch | | |
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- N.C. House votes to approve fracking bill
Legislation that would allow hydraulic fracturing cleared the North Carolina House of Representatives by a 66 to 43 vote. The state Senate will have to tackle some minor amendments in the bill before it can be sent to Gov. Beverly Perdue's desk for signing. Authorizing fracking will generate new jobs and help spur economic growth in North Carolina, according to proponents of the bill. The News & Observer (Raleigh, N.C.)/The Associated Press
(6/14)
- Poll: Republicans, Democrats have opposing views about energy
A poll by the Associated Press-NORC Center for Public Affairs Research determined that Republicans and Democrats have contrasting views about energy needs. Democrats support renewable energy and conservation, while Republicans favor expanded oil drilling. The majority of people believe that resolving energy concerns requires serious government participation, the survey found. CNBC/The Associated Press
(6/14)
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Tell Washington We Need To Use American Energy
Should America use more of its own oil and natural gas? We think so. The Bureau of Ocean Energy Management is preparing a study to consider opening areas in the Atlantic Ocean for energy development. The choice for Washington is clear -- increased access to our oil and natural gas resources equals more jobs and additional government revenue here in America. Act now to tell the BOEM to allow access to the energy resources in our backyard.
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