| News for the oil and natural gas industry
|  |
- Energy firms unveil standards for Appalachian shale-gas development
Chevron, Royal Dutch Shell and nine other energy companies have released a document containing standards and best practices for shale natural gas development in the Appalachian region. The standards address well-design, drilling and water-consumption issues, and include ways to communicate with people who live near production areas. "As producers in the Appalachian Basin, we strive to be responsible operators that conduct business in a transparent and sustainable manner, and openly communicate with stakeholders," the companies said. Fox Business/Dow Jones Newswires
(5/1), The State Journal (Charleston, W.Va.)
(5/1)     
 | One day unexpected downtime =
Killing a year of organizational improvements
Just a single day of costly downtime can eliminate an entire organizational improvement initiative. And when your maintenance people are “superheroes,” your maintenance costs are way too high...
Click here for a FREE download
|
| Industry News |  |  |
|
- Technology can help industry meet demand challenges, speakers say
Advances in subsea and remote technologies will help the oil and natural gas industry meet the world's rising energy needs, speakers said at a conference in Houston. "The challenges before us, though daunting, are not insurmountable," said Lee Tillman, vice president of engineering at ExxonMobil. "By applying new technology, we can find and produce the energy that the world needs." San Antonio Express-News
(5/1)
- Shell exec calls for collaboration to help meet growing energy needs
A projected 40% increase in global energy demand by 2030 is expected to push the energy industry to innovate in the coming years, executives said at a conference in Houston. "I would say the oil and gas developments are becoming more challenging and the public at large is becoming more demanding," said Matthias Bichsel, Royal Dutch Shell's director of projects and technology. Companies need to collaborate to come up with new production techniques to fulfill the world's growing energy needs, he said. FuelFix.com
(5/1)
- McClendon to lose chairman title at Chesapeake Energy
Chesapeake Energy CEO Aubrey McClendon has agreed to relinquish his title as chairman of the company. He also agreed to the early termination of a program that allowed him to acquire shares in the company's oil and natural gas wells. "This action reflects our determination to uphold strong corporate governance standards and will also enable me to focus my full time and attention on execution of the company's strategy," McClendon said. CNNMoney
(5/1), Fox Business/Dow Jones Newswires
(5/1)
- Denbury to spend $360 million to buy Texas oilfield shares
Denbury Resources will spend $360 million to acquire shares in the Thompson oilfield in Texas from an undisclosed seller. The deal includes an almost 100% working interest and an 84.7% revenue interest in the field, the company said. The field is producing approximately 2,200 barrels of oil per day and contains about 17 million barrels of oil in reserves. Reuters
(5/1)
| Refining & Marketing | | |
|
- Phillips 66 plans sharp increase in fuel exports
The newly spun-off Phillips 66 seeks to significantly increase its fuel exports in the next two years as domestic oil production increases. The company exports approximately 100,000 barrels per day, but that figure is expected to increase to as much as 220,000 barrels a day by 2014 as products reach Latin America and Europe, said Greg Garland, chairman and CEO of Phillips 66. The Wall Street Journal
(5/1)
- Valero could run more Eagle Ford Shale crude at Gulf Coast refineries
Valero Energy would need little or no investment to run an additional 235,000 barrels per day of Eagle Ford Shale crude at its refineries on the Gulf Coast, said Chairman, President and CEO Bill Klesse. The approval of TransCanada's Keystone XL pipeline will make running crude from the Texas formation unnecessary, he said. "We still believe Keystone will be built on Obama's time line with approval in early 2013 and completion in 2014 or 2015," Klesse said. Reuters
(5/1)
| Policy Watch | | |
|
- Feds are studying Shell's plans to drill several Arctic wells
Federal regulators are reviewing 10 Royal Dutch Shell applications to drill wells in Alaska's Beaufort and Chukchi seas. Shell's drilling plan has secured the Bureau of Ocean Energy Management's approval, and the Bureau of Safety and Environmental Enforcement has also cleared the company's emergency plans for the two seas. "We still don't know if this drilling activity is going to occur," said BSEE Director James Watson. FuelFix.com
(5/1)
- BSEE seeks to propose new blowout preventer rules this year
Bureau of Safety and Environmental Enforcement Director James Watson expects to propose new offshore-drilling rules, including those covering blowout preventers, later in 2012. The blowout preventer rule is "much needed" and would build on new testing standards for the equipment implemented after the Gulf of Mexico oil spill, Watson said. The BSEE is also working on updates to regulations for oil and natural gas production safety systems. FuelFix.com
(5/1)
| API News | | |
|
-
Aboveground Storage Tanks: Introduction to Standards 650 and 653
Dynamic lectures give attendees the opportunity to compare notes, share ideas and find out how others in similar situations handle the challenges you are facing.
This two-day course focuses on practical applications of the latest storage-tank technology, operations and management techniques. Course instructors with many years of experience in the construction and inspection of storage-tank structures will go beyond theory to meaningful real-life examples. Learn more.
| |
| Advertise |
|
Account Executive:
Diana Angel (202) 470-1146
|
|
|
| |
|
Read more at SmartBrief.com |
|
A powerful website for SmartBrief readers including:
|
|
|
|
| |
| |
| | Recent API SmartBrief Issues:
- Tuesday, May 01, 2012
- Monday, April 30, 2012
- Friday, April 27, 2012
- Thursday, April 26, 2012
- Wednesday, April 25, 2012
| | | Lead Editor: Bryan McBournie
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004 | |
| |
|
| © 1999-2012 SmartBrief, Inc.® Legal Information |
|
