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February 20, 2013
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News for the oil and natural gas industry

  Top Story 
Marcellus & Utica Operators Identify Water Management Solutions
Over 20 senior industry speakers from across the Marcellus & Utica including Anadarko, WPX Energy, Consol Energy, Talisman, Magnum Hunter, Carrizo Oil & Gas deliver real life case studies and tried & tested solutions for driving down costs of managing water during completions.
  Industry News 
  • BP is prepared to dispute proposed Gulf spill penalties
    BP is prepared to challenge the federal government's proposed fines against it over the 2010 Gulf of Mexico oil spill in a court hearing next week. The government estimated that 4.9 million barrels of oil were leaked, but BP believes the amount is exaggerated by at least 20% and includes 810,000 barrels of oil that the company secured from the well. "BP believes that a figure of 3.1 million barrels should be the uppermost limit of the number of barrels spilled that should be used in calculating a Clean Water Act penalty," the U.K. oil major said. The Wall Street Journal/Dow Jones Newswires (2/19) LinkedInFacebookTwitterEmail this Story
  • TransCanada plays down emissions claims from Keystone XL critics
    TransCanada's Keystone XL pipeline won't have the major impact on climate change that opponents of the project have been claiming, said Alex Pourbaix, the company's president for energy and oil pipelines. Canada contributes just 2% of greenhouse-gas emissions worldwide, and oil sands comprises 5% of the country's total, Pourbaix said. "Even if production from the oil sands were to double, the (greenhouse gas) contribution from the oil sands would be immaterial to global" greenhouse gas production, he added. Associated Press (2/19) LinkedInFacebookTwitterEmail this Story
  • Report: Oil, gas operations are chief emissions source in Utah basin
    Oil and natural gas companies were responsible for the majority of nitrogen oxide and volatile organic compound emissions in Utah's Uintah Basin during the winter of 2011 to 2012, according to a multi-agency study. The report's findings aren't surprising, said Kathleen Sgamma, vice president of government and public affairs at the Western Energy Alliance. "In the Uintah Basin, pretty much the only activity is the oil and gas industry," she said. Platts (2/19) LinkedInFacebookTwitterEmail this Story
  • GE seeks $300M investment in Indonesia
    General Electric seeks to invest more than $300 million for deepwater drilling and rural health care in Indonesia over the next half decade, the company said. GE will also team up with several Indonesian firms for the establishment of a learning and technology center. "We have seen extraordinary growth in our business here in Indonesia over the past two years in tandem with the country’s accelerated growth path to build more infrastructure," said Jeffrey Immelt, chairman and CEO of GE. Bloomberg Businessweek (2/19) LinkedInFacebookTwitterEmail this Story
  Exploration & Production 
  • Some drillers are still pursuing deepwater Gulf, experts say
    Some energy firms are pursuing deepwater drilling in the Gulf of Mexico despite an energy boom fueled by shale oil and natural gas exploration, observers say. Chevron is allocating $7.5 billion to drill in the Jack and St. Malo fields in the Gulf's Lower Tertiary area. The site could comprise nearly 50% of production in the Gulf by next decade's end, said Steve Thurston, Chevron's vice president of deep-water exploration and projects. The Wall Street Journal/Dow Jones Newswires (2/19) LinkedInFacebookTwitterEmail this Story
  • Apache: Efforts are under way to control gas flow at Gulf well
    Well control specialist Boots and Coots is injecting heavy fluids into Apache's natural gas well in the Gulf of Mexico weeks after the discovery of an uncontrolled flow of fluid underneath the site. Apache is "continuing our efforts to control the migration of gas in a safe and environmentally responsible manner," said spokesman John Roper. (2/19) LinkedInFacebookTwitterEmail this Story
  • BP, Reliance plan $5B investment for offshore Indian block
    BP and Reliance Industries seek to spend more than $5 billion in the next couple of years to increase production at the D6 block off the Indian coast. The block was expected to produce up to 25% of India's natural gas, but output has been falling. Reliance owns a 60% interest in the block, while BP and Niko Resources hold the rest of the shares. Reuters (2/19) LinkedInFacebookTwitterEmail this Story
This prestigious triennial conference is recognized worldwide as the most comprehensive, up-to-date forum on strategic, technical and commercial issues — including growing gas demand, new market opportunities, new applications and innovations. Registration closing soon - register at:
  Policy Watch 
  • Environmental claims about Keystone XL are overblown
    TransCanada's Keystone XL pipeline would not lead to a major environmental disaster, contrary to the allegations of the project's opponents, writes the editorial board of Bloomberg. Canada would have access to refineries on the Gulf Coast and the U.S. could obtain more than 8 million barrels of oil per day from a North American source. Even if President Barack Obama considers the environment in deciding the project's fate, he will have no reason to block it, the board argues. Bloomberg (2/19) LinkedInFacebookTwitterEmail this Story
  API News 
  • Another chance to support U.S. natural gas exports
    The Obama administration is asking for a second round of comments to get your thoughts on liquefied natural gas exports. Thanks to our abundant natural gas resources, America has a multibillion-dollar opportunity at its fingertips. According to a recent Department of Energy study, LNG exports have the potential to generate up to $47 billion in new economic activity in the U.S. by 2020. Don't wait: Tell the Department of Energy that we can't miss this opportunity to tap into our LNG potential. LinkedInFacebookTwitterEmail this Story

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