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December 27, 2012
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News for the oil and natural gas industry

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  • Increase in drilling helps Okla. maintain status as energy state
    Oklahoma solidified its status as an oil and natural gas state this year as energy producers ramped up drilling operations, observers say. "Our 2012 activity level in Oklahoma has averaged about seven rigs for the year, and we have made a major shift out of gas-prone areas into our new SCOOP area, which we feel will become a large, repeatable, oil-prone resource play," said Rick Bott, president of Continental Resources. Greg Dewey of SandRidge Energy said that "We intend to drill 570 horizontal wells in the Mississippi Lime in 2013; 370 of those wells will be in northwest Oklahoma." The Oklahoman (Oklahoma City) (12/21) LinkedInFacebookTwitterEmail this Story
Using Water Cut Meters for Desalter Optimization
Desalters are one of the costliest points in the refining process. Water cut meters like the KAM OWD can be used in the tank or on sample lines to monitor desalinization. An understanding of what's happening in the tank enables operators to optimize energy and chemical usage.
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  Industry News 
 
  • U.S. gas producers rush to secure LNG export permits
    ExxonMobil, Sempra Energy and other natural gas suppliers are seeking export permits after a U.S. government report determined that exports to Asian countries will help spur economic growth, observers say. Consultants estimate that companies could secure clearance to deliver approximately 6 billion cubic feet a day of liquefied natural gas by 2025, which would be enough to provide for about 50% of the U.S.'s residential market. Bloomberg (12/26) LinkedInFacebookTwitterEmail this Story
  • Chevron reaches $1.7M deal with Mass. over payment allegations
    Chevron has reached a $1.7 million settlement with Massachusetts over allegations that its units received cash from a fund for fuel-station cleanup without reporting insurer reimbursements, Attorney General Martha Coakley said. Chevron "acted at all times in good faith and believes its dealings with the state's underground storage tank fund have been proper and without fault. It is advantageous for both sides, however, to bring this matter to a conclusion, and we have done so," Chevron spokesman Brent Tippen said. The Boston Globe (tiered subscription model)/Business Updates blog (12/26) LinkedInFacebookTwitterEmail this Story
Join experts in March to discuss Bakken crude logistics
Leaders in oil production, transportation, logistics & related services are invited to attend the 2nd Annual Bakken Crude Oil Logistics Conference at the JW Marriott in Houston on March 7-8, 2013. Building on 2012's well-attended event, The Petroleum Institute encourages you to attend, exhibit at, or sponsor the only event focused on this vital topic.
  Exploration & Production 
  Refining & Marketing 
  • KBR forges services deal for Saudi Arabia refinery
    KBR and AYTB have agreed to provide maintenance services for a refinery in Jubail, Saudi Arabia, under a contract worth up to $170 million. The plant will be run by Saudi Aramco Total Refining and Petrochemical. "This is a milestone project for KBR as it represents a major step forward for our services business group, taking on its first long-term maintenance contract in Saudi Arabia and significantly expanding its international footprint," KBR Services' Ivor Harrington said in a statement. American City Business Journals/Houston (12/26) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  API News 
  • A Penny for Your Thoughts
      
    From public hearings on Keystone XL in Nebraska to election events in Colorado, Ohio and Pennsylvania, Energy Nation has traveled across the country this year to raise the banner for the oil and natural gas industry. In 2013, we're not slowing down. Take a short survey to let us know what issues are important to you. LinkedInFacebookTwitterEmail this Story

  • API Inspection Summit, Jan. 7 to 10, Galveston, Texas
    The American Petroleum Institute invites you to attend the API Inspection Summit & Expo in Galveston, Texas, at the Galveston Island Convention Center, Jan. 7 to 10. The summit will provide you an opportunity to hear about emerging trends from industry experts in topics such as inspection technologies/NDE/corrosion/engineering analysis/software. Eight panel discussions on timely industry issues are planned to enhance interaction with attendees. It is also the only networking event for inspectors in the industry and includes an exhibit hall with more than 60 companies displaying the latest in inspection services. The API Inspection Summit program will feature over 120 individual presentations, as well as a new feature for 2013 -- a one-day optional training component consisting of eight technical courses, providing in-depth education to attendees. View the draft program and register. LinkedInFacebookTwitterEmail this Story
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