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November 6, 2012
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News for the oil and natural gas industry

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  • Apache founder: U.S. can become energy independent
    The U.S. is capable of achieving energy independence, writes Raymond Plank, founder and retired chairman of Apache. Breakthroughs in energy exploration such as hydraulic fracturing and horizontal drilling have helped boost the country's petroleum resource base. "All we have to do is use it. We have the ability, the technology and the commitment to do so while still protecting the environment," writes Plank. FuelFix.com (11/5) LinkedInFacebookTwitterEmail this Story
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  Industry News 
  • Offshore spill response group enlists lobbying firm
    Prime Policy Group was hired by the Marine Well Containment Co. to assist in "legal and regulatory issues related to emergency response," according to lobbying disclosure forms. MWCC, which was founded by ExxonMobil, Chevron, Royal Dutch Shell and ConocoPhillips, aims to provide swift response during offshore well blowouts. The Hill/E2 Wire blog (11/5) LinkedInFacebookTwitterEmail this Story
  • Harbinger acquires shares in Exco's assets for $372.5 million
    Harbinger Group and Exco Resources have agreed to form a joint venture. Under the terms, Harbinger will pay $372.5 million for a 75% interest in Exco's conventional oil and natural gas properties. "We believe this deal will create long-term value by anchoring our new energy operating business with a long-duration gas asset at a time when natural gas is trading near historically low levels," said Omar Asali, president and director of Harbinger. Reuters (11/5) LinkedInFacebookTwitterEmail this Story
  • Exxon is concerned about timing of LNG plant expansion
    ExxonMobil expressed concern about Chevron's schedule for the fourth train of the Gorgon-Jansz liquefied natural gas project in Australia. The timing for the train's front-end engineering and design is too aggressive, said Luke Musgrave, vice president of LNG at Exxon. Development on the project's first phase is only about 50% finished, he added. Oil & Gas Journal (11/5) LinkedInFacebookTwitterEmail this Story
  Exploration & Production 
  • Anadarko to kick off Kenyan offshore drilling project in Dec.
    Anadarko Petroleum next month is expected to start drilling two offshore wells in Kenya, said Patrick Nyoike, Kenya's permanent secretary of energy. The company will use some of Apache's equipment for the project. Anadarko hopes to discover oil instead of natural gas as it is simpler and less expensive to produce. Reuters (11/5) LinkedInFacebookTwitterEmail this Story
  • U.K. awards Apache 11 licenses in North Sea
    The U.K. government has awarded 11 licenses in the North Sea to Apache, the company announced. The licenses will allow Apache "to find new resources near its core operations in the United Kingdom sector of the North Sea," the company said. Apache seeks to review new seismic data and drill six wells in the North Sea. United Press International (11/5) LinkedInFacebookTwitterEmail this Story
  Refining & Marketing 
  • Phillips 66 refinery in N.J. to resume operations in 2 to 3 weeks
    The Phillips 66 Bayway refinery in Linden, N.J., will restart in two to three weeks, the company said. Superstorm Sandy led to an oil spill and flooding at the facility. Phillips 66, the Coast Guard and the New Jersey Department of Environmental Protection are cleaning up the spill. Reuters (11/5) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Feds apply new technique to oversee Alaskan offshore drilling
    Federal regulators applied a different technique to monitor Shell Oil's drilling operations off the Alaskan coast this summer. Inspectors were deployed on the company's rigs to oversee activities around the clock. "It's a real-time, on-the-spot ability to know what's happening and what’s going on," said Mark Fesmire, director of the Bureau of Safety and Environmental Enforcement's Alaska region. FuelFix.com (11/5) LinkedInFacebookTwitterEmail this Story
  API News 
  • Cybersecurity Conference for Oil, Gas Industry, Nov. 13 and 14
    The American Petroleum Institute will host the 2012 API Cybersecurity Conference for the Oil and Gas Industry on Nov. 13 and 14 in Houston. This conference will reflect on the issues and strategies of enhancing critical infrastructure operations of the oil and natural gas industry. This conference provides an excellent opportunity to network with IT management, IT security professionals and business leaders. Visit the conference website. 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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