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February 26, 2013
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News for the oil and natural gas industry

  Top Story 
 
  • Industry ramps up pressure on LNG export project approvals
    Several industry officials made their case for the swift approval of liquefied natural gas export applications as the Department of Energy's comment period for the projects ended. "We have plenty of gas to meet our domestic needs and still be able to export substantial amounts to markets overseas," said Erik Milito, the American Petroleum Institute's upstream director. "U.S. companies innovated with new technologies to produce our domestic gas surplus. The longer we wait, the likelier we are to lose that advantage as other countries adopt those technologies," said Kathleen Sgamma, the Western Energy Alliance's vice president of government and public affairs. Oil & Gas Journal (2/25) LinkedInFacebookTwitterEmail this 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.
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  Industry News 
  • Multiple failures contributed to Gulf oil spill, BP says
    The Gulf of Mexico oil spill shouldn't be blamed solely on BP as it was the result of failures by several firms, the U.K. oil major said in a civil trial over the incident. Robert Brock, a lawyer representing BP, cited cement failures by Halliburton and maintenance mistakes by Transocean. "That bad slurry that was pumped to the bottom of that well was what caused this well initially to flow," Brock said of the cement. FuelFix.com (2/25) LinkedInFacebookTwitterEmail this Story
  • Chevron could study expansion of Canadian LNG export project
    Chevron could consider the expansion of its proposed Canadian liquefied natural gas export project to take advantage of the "vast amounts" of gas reserves that the company owns in the country's Horn River and Liard plays, said Jeff Lehrmann, president of Chevron's Canadian unit. Currently, the project has the annual capacity of about 11 million tons of LNG. Bloomberg Businessweek (2/25) LinkedInFacebookTwitterEmail this Story
  • CNOOC completes takeover of Nexen
    CNOOC's $15.1 billion acquisition of Nexen has been finalized, more than seven months after the deal was announced. Nexen would have a new board chaired by CNOOC CEO Li Fanrong, but Kevin Reinhart would remain as the company's CEO. CNOOC gets producing properties in Canada and the Middle East and offshore production in the Gulf of Mexico, North Sea and western Africa under the deal. Reuters (2/25) LinkedInFacebookTwitterEmail this Story
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  Exploration & Production 
 
LNG 17 – THE BIGGEST GLOBAL GAS EVENT OF THE YEAR
Thousands of oil & gas professionals will gather in Houston for this comprehensive LNG conference, record-setting exhibition, & innovative networking opportunities. Award-winning speakers will deliver dynamic sessions on the significant trends & topics facing the industry. Book your place today to secure your preferred accommodation & tours.
  Policy Watch 
  • U.S. CEOs push for expanded drilling, Keystone XL's approval
    President Barack Obama needs to expand offshore oil production and open more federal lands to drilling, members of the Business Roundtable said in a recent forum. The group also urged the president to approve TransCanada's Keystone XL pipeline. "Technology, coupled with access to vast resources, could help strengthen America's position as an energy superpower," said John Watson, chairman and CEO of Chevron. Reuters (2/25) LinkedInFacebookTwitterEmail this Story
  • Energy majors, White House tackle federal fracking rules
    Interest is growing among energy firms and environmental groups about the White House's assessment of federal hydraulic fracturing rules, observers say. Last week, representatives from Exxon, BP and Royal Dutch Shell held discussions with White House Office of Management and Budget aides about the policies. The Hill/E2 Wire blog (2/25) LinkedInFacebookTwitterEmail this Story
  • W.Va. lawmakers file several oil, gas drilling bills
    West Virginia state lawmakers have introduced a number of bills that are expected to have an impact on growing oil and natural gas activities in the state, observers say. One bill seeks to direct a portion of drilling royalties to infrastructure projects. Another measure would task energy firms to conduct seismic tests near production wells and wastewater injection wells. Herald-Star (Steubenville, Ohio) (2/25) LinkedInFacebookTwitterEmail this Story
  API News 
  • Financial Skills, April 8 to 12
    This comprehensive week-long program uses a hands-on approach to help you understand and master the energy sector's financial essentials. Your instructors are senior teachers with significant experience in executive development, business, consulting and energy industry financial management. In a series of information-packed class sessions, you'll learn the essentials of the business side of the energy industry. By the end of the week, you'll have a working knowledge of the key areas of financial management. Learn more. LinkedInFacebookTwitterEmail this Story
  • Center for Offshore Safety First Annual Forum, April 29 and 30
    The Center for Offshore Safety is focused on promoting the highest levels of safety and environmental protection for offshore drilling, completions and production operations in deepwater Gulf of Mexico. The First Annual Forum's agenda has been created to provide an update on progress made by the Center and its cross-industry work groups including SEMS Audit tools and SEMS good practices. The agenda is complemented by interactive panel sessions regarding SEMS implementation and industry experiences. The Forum is an excellent opportunity to gain an insight and understanding of SEMS, SEMS implementation, SEMS auditing, and the work being undertaken by the COS. Learn more. LinkedInFacebookTwitterEmail this Story
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