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March 8, 2013
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News for the oil and natural gas industry

  Top Story 
  • Interior nominee backs Obama's "all-of-the-above" energy plan
    Sally Jewell, who was nominated by President Barack Obama to head the Department of the Interior, stated her support for an "all-of-the-above" energy plan that encourages the development of both fossil fuels and renewable sources. Jewell also pledged to use the scientific resources of the department in efforts against global warming. "From energy development to grazing to logging, tourism and outdoor recreation, our lands and waters power our economy and create jobs," she said during a Senate panel hearing. The Seattle Times/The Associated Press (3/7) LinkedInFacebookTwitterEmail this Story
2nd Annual Tight Oil Reservoirs California 2013
May 29-30, Bakersfield, CA:

Speaking companies include Central Resources, INNEX Energy, Pacific Coast Energy, Santa Maria Energy, E&B Natural Resources, Gasco Energy, Hangtown Oil, Venoco Inc., Bayswater E&P, and many more including key regulators. Click here to save $400 when registering by March 22.
  Industry News 
  • BP to challenge ruling on Gulf spill damages payments
    BP seeks to appeal a court's decision that raised the estimate of the amount it must pay to settle for damages arising from the 2010 Gulf of Mexico oil spill, the company said. The U.K. oil major had expected to pay $7.8 billion to settle such economic claims, but the amount was increased to $8.5 billion because the court ruled in favor of a claim administrator's analysis of the agreements. BP also said it is "not possible to determine" the final amount. Fox Business/MarketWatch Pulse (3/7) LinkedInFacebookTwitterEmail this Story
  Exploration & Production 
  • Devon is cautiously optimistic about Mississippi Lime play
    The Mississippi Lime formation has drawn major interest from several energy firms, including Marathon Oil and Chesapeake Energy, but it remains an "exploration play" to Devon Energy, company spokesman Chip Minty said. Devon owns 600,000 net acres in the play and has started up seven wells in the fourth quarter of 2012 with joint venture partner Sinopec. "We still have unanswered questions. We haven't reached a point where it's a Barnett Shale. We're optimistic. We see potential," Minty said. Tulsa World (Okla.) (3/7) LinkedInFacebookTwitterEmail this Story
  • Noble Energy raises Israeli gas field's reserve estimate
    The Leviathan natural gas field off the coast of Israel holds about 18 trillion cubic feet in reserves, Noble Energy said. One of its wells there struck more than 450 net feet of natural gas pay. "The successful Leviathan No. 4 well has provided us with additional information to improve our knowledge of this enormous resource," said Charles Davidson, the company's chairman and CEO. United Press International (3/7) LinkedInFacebookTwitterEmail this Story
  • Shell sees key progress in shale gas development in China
    A key development in tapping China's shale natural gas reserves could be achieved in less than two years, Royal Dutch Shell said. The company has drilled almost 30 wells in China with China National Petroleum and is on track to invest $2 billion by year's end on exploration activities there. "Mid-decade we will be able to decide" on a final investment decision, said Maarten Wetselaar, head of Shell's worldwide integrated gas operations. The Wall Street Journal (3/7) LinkedInFacebookTwitterEmail this Story
LNG 17 happens only once every 3 years. Online delegate registration closes next week. Be part of the biggest global gas event of the year this April in Houston. You will join thousands of your global industry colleagues who will attend this milestone event to learn, network and maximise business opportunities. Register now at
  Policy Watch 
  • Rep. Terry unveils bill to force approval of Keystone XL project
    A draft bill introduced by Rep. Lee Terry, R-Neb., would strip President Barack Obama of any authority over TransCanada's Keystone XL pipeline and eliminate any legal hurdles that the project may face. "It's been over four years and thousands of pages of environmental reviews," Terry said. "The experts have weighed in. Now is the time to build the Keystone pipeline," he added. Omaha World-Herald (Neb.) (3/7) LinkedInFacebookTwitterEmail this Story
  • Sen. Hoeven seeks definitive Keystone XL ruling schedule
    Sen. John Hoeven, R-N.D., urged President Barack Obama to provide a definitive schedule for his decision on TransCanada's Keystone XL pipeline. "The president said he recognizes that Senator Hoeven really wants the Keystone XL pipeline built. The senator told the president we need a definitive timeline for a decision on the pipeline. The president said we should follow up with his energy adviser," said Ryan Bernstein, Hoeven's chief of staff. The Hill/E2 Wire blog (3/7) LinkedInFacebookTwitterEmail this Story
  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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