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March 12, 2013
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News for the oil and natural gas industry

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  • Rep. Walberg: Obama should stop stalling Keystone XL approval
    President Barack Obama has run out of excuses to reject TransCanada's Keystone XL pipeline, after a draft State Department report determined that the project won't have a significant impact on the environment, writes Rep. Tim Walberg, R-Mich. Over 40,000 jobs would be supported by the project during its construction, the report found, and it would also bring in about $2 billion in wages. "Let's move forward with an energy policy that recognizes the job-creating power and increased energy security of the Keystone XL pipeline, which will help lower energy prices and not add to our debt," Walberg writes. MLive.com (Michigan) (free registration) (3/11) LinkedInFacebookTwitterEmail this Story

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  Industry News 
 
  • Court hears Halliburton exec's testimony over Gulf spill
    There were some "irregularities" in tests that were conducted by Halliburton workers in the aftermath of the 2010 Gulf of Mexico oil spill, Timothy Probert, the company's president of strategy and corporate development, said during a civil trial over the incident. Probert was interrogated earlier by a plaintiffs' lawyer, who said Halliburton workers performed "off-the-record" cement tests and left out some of the results because they could affect spill proceedings. BP also claimed Halliburton deliberately destroyed cement testing evidence. SeattlePI.com/The Associated Press (3/11) LinkedInFacebookTwitterEmail this Story
  • U.S. oil production boom won't stop crude imports, experts say
    The U.S. would continue importing crude oil despite a boom in domestic oil production spurred by technological breakthroughs in drilling, observers say. Such imports "may not hit zero, but we're going to see a trend where North America will move toward greater self-sufficiency in oil production," said Jim Burkhardt, head of oil market research at IHS CERA. Canada and Mexico would provide most of the energy imports over the next two decades, he added. FuelFix.com (3/11) LinkedInFacebookTwitterEmail this Story
  • Devon Energy exits EPA's emissions-reduction program
    A data-gathering dispute between Devon Energy and the Environmental Protection Agency prompted the major energy firm to quit a voluntary emissions-reduction program. Devon sought to convince the EPA to amend how it uses emissions data collected using the program, but it failed. "Devon expected that the Natural Gas STAR team would help to ensure correct and responsible use of its program data by other EPA groups and outside sources, but, unfortunately, such efforts have either not been made or have not been successful," said William Whitsitt, the company's executive vice president for public affairs. EENews.net (free content)/Greenwire (3/11) LinkedInFacebookTwitterEmail this Story
Measuring Water in Crude Samples Using Karl Fischer
Karl Fischer is the most accurate and the quickest method for laboratory analysis of water content in crude oil. In the lab or field, analysis can be accomplished in a few quick steps and in less than 5 minutes. For a step-by-step guide and more information on moisture analyzers, continue reading.
  Exploration & Production 
 
  • ExxonMobil commences output from offshore Malaysian gas field
    ExxonMobil has started production from the Telok natural gas field off the Malaysian coast. Output is expected to peak at 370 million cubic feet per day of natural gas, said Exxon, which owns a 50% stake in the field and serves as its operator. The company also seeks to drill 14 development wells from platforms at the site. Oil & Gas Journal (3/11) LinkedInFacebookTwitterEmail this Story
LNG 17 ONLINE REGISTRATION CLOSES 15 MARCH
Have you registered for LNG 17 yet? This week is your last chance to register for this prestigious triennial conference. Join over 5,000 senior decision makers, 200 speakers and 350 exhibitors in Houston this April. LNG 17 offers you the chance to network with thousands of global decision makers.
Register today at LNG17.org
  Policy Watch 
  • Rep. Hastings seeks more info about Interior Dept. unit
    The Department of the Interior needs to explain more about the role of the Investigations and Review Unit, which was created in the aftermath of the 2010 Gulf of Mexico oil spill to pinpoint offenses by offshore drillers and regulators, said Rep. Doc Hastings, R-Wash. "Questions remain about whether the IRU has been allowed to operate as a law enforcement program, reporting only to the [bureau] director and without sufficient public scrutiny and oversight from the [Interior] Department and Congress," Hastings said in a letter to Interior Secretary Ken Salazar. FuelFix.com (3/11) LinkedInFacebookTwitterEmail this Story
  • Ohio Republicans criticize drilling tax increase plan
    Ohio Gov. John Kasich's proposal to raise the severance tax on oil and natural gas drilling drew criticism from several state Republicans. "Now is not the time for government to kill the golden goose and scare away the capital that could lead to a long-term recovery in our state," said Josh Mandel, the state treasurer. State Rep. Andy Thompson said the proposal "is absolutely the wrong direction to go." Akron Beacon Journal (Ohio) (3/11) LinkedInFacebookTwitterEmail this Story
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  API News 
  • 79th Annual API Federal Tax Forum, April 29 and 30
    The forum is one of the only legal conferences focusing on federal oil and gas taxation and is consistently praised by participants as an excellent learning opportunity. It is open to private lawyers and accountants interested in this area and attracts speakers who are leading authorities in their fields. The topics covered at the forum are usually selected to address both basic and advanced issues on the U.S. taxation of domestic and international oil and gas operations. 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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