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November 16, 2012
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News for the oil and natural gas industry

  Top Story 
 
  • BP agrees to pay $4.5B in fines for Gulf spill
    BP reached a plea agreement admitting criminal liability for the explosion and oil spill at its Macondo well in the Gulf of Mexico in 2010, settling manslaughter, obstruction of justice and securities charges for $4.5 billion. BP pleaded guilty to 12 counts of felony and two misdemeanors. Three BP employees face prison time if convicted of charges made under a separate criminal complaint by the Department of Justice. Houston Chronicle (11/15), The Telegraph (London) (tiered subscription model) (11/15), The Times-Picayune (New Orleans) (11/15) LinkedInFacebookTwitterEmail this Story
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  Industry News 
  • API ramps up calls for Keystone XL pipeline's approval
    The energy industry has ramped up its calls for the approval of TransCanada's Keystone XL pipeline as President Barack Obama approaches a decision about the project in 2013. Clearing the pipeline would achieve Obama's goals of backing domestic energy development and policies that would spur economic growth, said Martin Durbin, executive vice president of government affairs at the American Petroleum Institute. "Keystone will be the first test if the president was serious about his message during the campaign -- he's for all of the above, he wants oil production, he wants to put people back to work," said Jack Gerard, API's president and CEO. FuelFix.com (11/15) LinkedInFacebookTwitterEmail this Story
  • Exxon plans to pay for spill response training in Mont.
    ExxonMobil seeks to shoulder the costs of oil spill response training and equipment as part of its settlement with Montana regulators over a pipeline spill in July 2011. The state imposed a $1.6 million fine against the company for the incident, which leaked over 1,500 barrels of oil into the Yellowstone River. About $300,000 in cash has been paid by the company. SeattlePI.com/The Associated Press (11/15) LinkedInFacebookTwitterEmail this Story
  • Firms seek concept selection for Alaska gas pipeline in 2013
    ExxonMobil, BP, ConocoPhillips and TransCanada aim to pick a more definite concept for a proposed natural gas pipeline and liquefied natural gas export project in Alaska by spring 2013, said Nick Olds, vice president for North Slope operations and development at ConocoPhillips. A schedule and a review of the project's components would be part of the concept selection, the companies said. Up to $65 billion could be spent for the venture. Platts (11/15) LinkedInFacebookTwitterEmail this Story
  • Hess awards Larizz $272.1M services deal for Malaysian project
    Larizz Petroleum Services secured a $272.1 million contract to provide Hess with a floating production, storage and offloading vessel and other services. The vessel will be used for the North Malay Basin natural gas project off the Malaysian coast. Platts (11/15) LinkedInFacebookTwitterEmail this Story
  • Targa Resources spends $950M to acquire N.D. pipeline assets
    Targa Resources Partners will spend $950 million to acquire crude oil pipeline and terminal system properties in North Dakota's Williston Basin from Saddle Butte Pipeline. The holdings have 70,000 barrels of combined crude oil storage capacity, Targa said. Reuters (11/15) LinkedInFacebookTwitterEmail this Story
5 positive ways to respond to negative comments.
Social media is a great way to connect with your customers, but what do you do when the conversation takes a negative turn? With 5 tips, you can learn how to positively respond and help direct the conversation. Read the article and learn the 5 ways to respond positively.

  Policy Watch 
  • BOEM unveils final set of offshore-drilling safety rules
    A final set of offshore-drilling safety policies was released by the Bureau of Safety and Environmental Enforcement. The rules, which were formulated from lessons learned from the 2010 Gulf of Mexico oil spill, will require third-party testing of blowout preventers and address well design issues. "We are reviewing the rule and hope that they carefully considered the language used in the document to allow certainty and clarity for the industry," said Reid Porter, a spokesman for the American Petroleum Institute. The Dallas Morning News (free content)/The Associated Press (11/15) LinkedInFacebookTwitterEmail this Story
  • Sens. Wyden, Murkowski seek energy policy reforms
    The oil and natural gas boom that has generated manufacturing jobs needs to be highlighted in the country's revised energy policy, said Sen. Ron Wyden, D-Ore., who is expected to become the next chairman of the Senate Energy and Natural Resources Committee. Wyden and Sen. Lisa Murkowski, R-Alaska, the top Republican in the panel, said they plan to collaborate on a bill that would balance environmental protection, job generation and economic development. "We feel really strongly about checking the gridlock at the door, working together on, in particular modernizing our energy policy," Wyden said. Reuters (11/15) LinkedInFacebookTwitterEmail this Story
  • Calif. has potential to lead shale oil revolution
    California has the potential to lead the shale oil revolution that can generate thousands of jobs and spur economic growth if leaders supported development, writes the editorial board of the San Diego Union-Tribune. A 2011 federal report found that California's Monterey Shale holds at least 15.4 billion barrels of recoverable oil, which is about four times larger than the Bakken Shale formation. As the federal government nears a lease sale covering acres in three counties in the state, Gov. Jerry Brown and state regulators should take a calm approach about hydraulic fracturing and its history, the board writes. San Diego Union-Tribune (11/15) LinkedInFacebookTwitterEmail this Story
 
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  API News 
  • Service Station Contractor Safety Program
    The premier program offered by API WorkSafe is the service station contractor safety program that identifies contractor personnel who have passed a standardized examination covering the latest service station industry safety practices, based on API Recommended Practice 1646, Safe Work Practices for Contractors Working at Retail Petroleum/Convenience Facilities. The program provides awareness-level training on key safety issues found at petroleum retail job sites. Learn more. 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 learn about new and existing industry codes and standards, and to hear about emerging trends from industry experts. It is also the only networking event for inspectors in the industry and includes an exhibit hall with more than 50 companies displaying the latest in inspection services. The API Inspection Summit program will feature over 120 individual sessions, 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. The Call for Presentations has been extended to Sept. 14. Learn more and register. LinkedInFacebookTwitterEmail this Story
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