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November 8, 2012
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News for the oil and natural gas industry

  Top Story 
  • API's Gerard: Industry is ready to work with Obama on energy
    The American Petroleum Institute is prepared to work with President Barack Obama to achieve his pledge of boosting oil and natural gas production that will spur economic growth and generate jobs, said Jack Gerard, API president and CEO. Clearing TransCanada's Keystone XL pipeline is one way to realize that goal "right off the bat," Gerard said. The president should also recognize that hydraulic fracturing is effectively regulated by states and that he "avoid the temptation to impose duplicative and unnecessary regulations" on the drilling technique, Gerard added. Rigzone (11/7) LinkedInFacebookTwitterEmail this Story
Mississippi Lime Congress 2012, Nov 28-29, Oklahoma City
With Huge Industry Interest, The Congress Takes Place In 3 Weeks. Join Leading Operators, Service Providers, Regulators And Industry Stakeholders To Analyze Geological Variance, Produced Water, Completions Techniques, Carbonate Vs Shale, Infrastructure And Latest Well Results From Oklahoma and Kansas. Please CLICK HERE to view more information.
  Industry News 
  • Chevron: Embargo of Argentine assets is illegal
    As much as $19 billion worth of Chevron's properties in Argentina were embargoed by an Argentine judge in response to an environmental damages case in Ecuador, said Enrique Bruchou, a lawyer representing the plaintiffs. Subsidiaries carry out Chevron's operations in Argentina. "Plaintiffs' lawyers have no legal right to embargo subsidiary assets in Argentina and should not be allowed to disrupt Argentina's pursuit of its important energy resources," the company said. Reuters (11/7) LinkedInFacebookTwitterEmail this Story
  • Occidental seeks to acquire Yates Petroleum
    Occidental Petroleum is one of the companies seeking to acquire Yates Petroleum, sources familiar with the matter said. Yates, which owns oil fields in New Mexico, Colorado and Wyoming, is asking for a price between $2 billion and $3 billion. The Wall Street Journal (11/7) LinkedInFacebookTwitterEmail this Story
  • Exxon donates $1M to Red Cross to assist in post-Sandy efforts
    The American Red Cross will receive $1 million from ExxonMobil for post-superstorm Sandy relief aid in New Jersey, New York and the Caribbean. "It's our hope that ExxonMobil's donation to the Red Cross will help provide comfort to those affected and help people rebuild their lives as quickly as possible," said Andrew Madden, ExxonMobil Refining & Supply's vice president of supply and transportation. CSP (11/6) LinkedInFacebookTwitterEmail this Story
Reducing Material Losses with Better Yield Accounting
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  Exploration & Production 
  • ZaZa Energy is optimistic about Eaglebine play well
    Zaza Energy's first well in Houston's Eaglebine formation will start hydraulic fracturing by mid-November, the company said. "We have very big hopes for the Eaglebine," said Todd Brooks, the company's executive director, president and CEO. "This is the kind of thing you can build a company around." (11/7) LinkedInFacebookTwitterEmail this Story
  • Shell still seeks to explore Libya's oil and gas, spokesman says
    Royal Dutch Shell is still eager to explore for oil and natural gas in Libya despite its decision to cancel drilling in two blocks. "That was just a project exit. We did not exit Libya," clarified Nureddin Wefati, head of media relations for the company's Middle East and North Africa upstream operations. Reuters (11/7) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • IPAA says it won't give up fight against new drilling rules
    The Independent Petroleum Association of America is grateful for President Barack Obama's promotion of natural gas as a cheap and abundant source of energy, the group said following Obama's reelection. However, IPAA said it would continue to thwart measures to implement new drilling rules. "One-size-fits-all regulations from Washington that duplicate what regulators are doing at the state level threaten new supplies of energy and make it next to impossible for independents to operate on federal lands, both onshore and offshore," said Virginia Lazenby, chairman and CEO of IPAA. Platts (11/7) LinkedInFacebookTwitterEmail this Story
  • Keystone XL will secure U.S. clearance, Canadian minister says
    President Barack Obama will eventually clear TransCanada's Keystone XL pipeline now that his administration will be able to objectively review the project, said Joe Oliver, Canada's natural resources minister. "I don't know exactly why he postponed it but the point is right now we're not in the middle of an election campaign and it will be decided by the administration on its merits," Oliver said. Bloomberg (11/7) LinkedInFacebookTwitterEmail this Story
  API News 
  • Cybersecurity Conference for Oil, Gas Industry, Nov. 13 and 14
    The American Petroleum Institute will host the 2012 API Cybersecurity Conference for the Oil and Gas Industry on Nov. 13 and 14 in Houston. This conference will focus on the issues and strategies of enhancing critical infrastructure operations of the oil and natural gas industry. This conference provides an excellent opportunity to network with IT management, IT security professionals and business leaders. Visit the conference website. 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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