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March 11, 2013
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News for the oil and natural gas industry

  Top Story 
  • API, U.S. Chamber ramp up Keystone XL pipeline campaigns
    Proponents of TransCanada's Keystone XL pipeline seek to boost support for the project by focusing on the local level. The U.S. Chamber of Commerce will use its local chapters to thwart "misinformation" campaigns from Keystone XL critics, while the American Petroleum Institute will rely on its union partners to help organize protests. "I think we've really reached a point where sort of the pro side has won mainstream opinion on this. I think you're even starting to see some of the commentators on the left point out this might not be the fight the environmentalists want to fight," said Matt Letourneau, a spokesman with the Chamber's Institute for 21st Century Energy. The Hill/E2 Wire blog (3/10) LinkedInFacebookTwitterEmail this Story
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  Industry News 
  • ExxonMobil exec defends wider LNG exports
    An ExxonMobil official criticized opponents of expanded liquefied natural gas exports, who say more exports could boost prices for the commodity. "It's absolutely embarrassing for people in our industry at very high levels to make a case that's blatantly to put money in their pocket," Michael Dolan, the company's senior vice president, said during the IHS CERAWeek energy conference in Houston. Dolan made the comments after talking about Exxon's $25 billion takeover of XTO Energy. (3/8) LinkedInFacebookTwitterEmail this Story
  • Energy exec explains real driver of shale oil, gas boom
    Multistage hydraulic fracturing along horizontal well segments is responsible for the shale oil and natural gas production boom in the U.S., said George Kaiser, chairman of Kaiser-Francis Oil. "In the past, you put pipe in the hole, shoved hydraulic treatment in it and hoped it went in the right space. You typically got one or two of your segments treated," Kaiser said. "Now we're drilling 12 to 48 segments." The Oklahoman (Oklahoma City) (3/8) LinkedInFacebookTwitterEmail this Story
  • EOG exec expects U.S. to benefit from shale production
    Unconventional oil and natural gas production is expected to spur economic growth over the next several years, said Mark Papa, chairman and CEO of EOG Resources. "Clearly, we believe this is a game-changing technology. This is real; this is the biggest domestic energy change in the last 50 years and obviously great news for the U.S. economy," Papa said during the IHS CERAWeek conference in Houston. Papa also weighed in on liquefied natural gas exports, saying he sees no reason to block such projects. SNL Financial (free content) (3/8) LinkedInFacebookTwitterEmail this Story
  • Other News
  Exploration & Production 
  Refining & Marketing 
  • Phillips 66 mulls sale of some foreign refineries, exec says
    Phillips 66 is considering the sale of some of its refineries in Europe and Asia as it concentrates more on its refining operations in the U.S., said Larry Ziemba, the company's executive vice-president for refining. "We have a couple of smaller refineries. If we have got the right price for them, they are really not strategic," Ziemba said. The Irish Times (Dublin) (3/9) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • House panel to tackle Keystone XL project in hearing
    A subpanel of the House Foreign Affairs Committee will hold a hearing this week that will delve into the country's energy relations with Canada and Mexico. American Petroleum Institute President and CEO Jack Gerard and Institute for Energy Research President Thomas Pyle are among the witnesses in the hearing, which will focus mainly on the future of the proposed Keystone XL pipeline. "Studies show this pipeline will create jobs and increase our energy independence while protecting the environment," said Rep. Matt Salmon, R-Ariz., chairman of the Western Hemisphere Subcommittee. The Hill/E2 Wire blog (3/9) LinkedInFacebookTwitterEmail this Story
  • Sen. Wyden is urged against advancing revenue sharing bill
    Senate Energy and Natural Resources Committee Chairman Ron Wyden, D-Ore., shouldn't advance a bill that would allow coastal states to get a share of offshore energy development revenues, eight Senate Democrats said. "Revenue sharing is inherently inequitable because it compensates a single state while other nearby states bear the risk, without receiving any resources to mitigate that risk. This places an unfair burden on the affected states," the lawmakers said in a letter to Wyden. The Hill/E2 Wire blog (3/8) LinkedInFacebookTwitterEmail this Story
  • Obama, execs discuss U.S. energy goals
    President Barack Obama held discussions with the top executives from Anadarko Petroleum, NextEra, Sempra and FedEx about his plans for the country's growing energy industry, the White House said. The issues included the role of natural gas, renewable energy opportunities, and possible public-private partnerships to achieve climate and energy goals, said White House spokesman Josh Earnest. Reuters (3/8) LinkedInFacebookTwitterEmail this Story
  API News 
  • 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
  • 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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