Reading this on a mobile device? Try our optimized mobile version here:

November 9, 2012
Sign upForwardArchiveAdvertise
News for the oil and natural gas industry

  Top Story 
  • U.S. oil production hits 18-year high, Energy Dept. reports
    The U.S. produced 6.68 million barrels a day of oil in the week that ended Nov. 2, the highest figure since Dec. 23, 1994, according to the Department of Energy. Technological breakthroughs in drilling have helped tap shale oil resources in North Dakota and other states. "Every added barrel we make here is another barrel we don’t need from somewhere else," said Kyle Cooper, commodities research director at IAF Advisors. Bloomberg (11/7) LinkedInFacebookTwitterEmail this Story
The conference theme is "Reliability, Efficiency, and Profitability". Speakers are invited to share knowledge and experiences with refining professionals, responsible for solving refinery power disruption and energy efficiency problems that take away profits, waste resources, and violate emission compliance. Click here for details.
  Industry News 
  • Alaska fines BP $255 million over Prudhoe Bay oil spill
    Alaska has ordered BP Exploration to pay $255 million in damages related to an oil spill in Prudhoe Bay in 2006. The company pleaded guilty to Clean Water Act violations in the incident, which leaked about 200,000 gallons of oil on the North Slope in Alaska. "We are pleased to finally resolve the last remaining claim" from the incident, BP said. Bloomberg (11/8) LinkedInFacebookTwitterEmail this Story
  • CNOOC expects Canada to approve Nexen takeover
    CNOOC expects Canada to clear its $15.1 billion takeover of Nexen, an executive said. Canadian regulators have allotted more time to study the transaction to learn about its potential benefits. Such an extension is "normal," CNOOC Chairman Wang Yilin said, adding he expects a year-end completion of the deal. Reuters (11/9) LinkedInFacebookTwitterEmail this Story
  Exploration & Production 
  • Encana, Nucor forge Colo. joint natural gas drilling deal
    Encana and Nucor have struck a deal to develop natural gas on 50,000 acres of federal land on Colorado's Western Slope, which will pave the way for the drilling of up to 4,000 wells in the area over the next two decades. The companies will share the drilling costs and production from the wells. "This is a breakthrough deal," said John Harpole, founder and president of Mercator Energy. The Denver Post (11/8) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Gerard: Energy "top-drawer issue" during election
    The American Petroleum Institute dismissed a conclusion by environmentalists that the election results indicate that Americans want lawmakers to expand renewable energy. "Energy -- specifically oil and natural gas -- is a top-drawer issue," said Jack Gerard, API's president and CEO. "The conversation surrounding it was clear across the country because it's tied to job creation and economic recovery." (11/8) LinkedInFacebookTwitterEmail this Story
  • API ramps up pressure on Keystone XL approval
    TransCanada's Keystone XL pipeline will test President Barack Obama's oil and natural gas development stance during the campaign season, said Jack Gerard, president and CEO of the American Petroleum Institute. "It will be one of the early tests, early questions of ... whether his actions will match his words," Gerard said, adding the industry is hopeful the project will be cleared to move ahead. The Hill/E2 Wire blog (11/8) LinkedInFacebookTwitterEmail this Story
  • Feds collect $15.1 million from Alaska energy lease sale
    An energy lease sale covering tracts on Alaska's North Slope generated $15.1 million in bids, according to data from government agencies. ConocoPhillips and other major producers in Alaska were among those that secured exploration rights. "I was really excited when I opened up the bids and saw some of the primary players that had been there historically actually now stepping back in on new acreage," said Bill Barron, director of the Alaska Division of Oil and Gas. Reuters (11/7) 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 focus 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
Learn more
about API ->
API Homepage  |  Join Us  |  Publications  |  Meetings and Training

Subscriber Tools
Print friendly format | Web version | Search past news | Archive | Privacy policy

Account Executive:  Diana Angel (202) 470-1146
A powerful website for SmartBrief readers including:
 Recent API SmartBrief Issues:   Lead Editor:  Bryan McBournie
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2012 SmartBrief, Inc.® Legal Information