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March 22, 2013
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News for the oil and natural gas industry

  Top Story 
  • Offshore revenue sharing bill draws praise from industry
    The American Petroleum Institute lauded a bill unveiled by Sens. Mary Landrieu, D-La., and Lisa Murkowski, R-Alaska, that would give coastal states a larger share of offshore oil and natural gas revenues. "We are at the forefront of an energy renaissance and we have an opportunity to lead the world on energy by investing in America," said Erik Milito, API's upstream director. "Offshore revenue sharing should be an important element of a comprehensive national energy plan." United Press International (3/21) LinkedInFacebookTwitterEmail this Story
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  Industry News 
  • Voser backs approval of Keystone XL project
    Royal Dutch Shell CEO Peter Voser pushed for the approval of TransCanada's Keystone XL pipeline, which seeks to carry Canadian crude oil to Gulf Coast refineries. "Energy security is a key goal for the government to achieve," Voser said during a conference in Massachusetts. "I will be disappointed if it's not going to be approved." Boston Herald (3/21) LinkedInFacebookTwitterEmail this Story
  • BP America head seeks in-person discussions with workers
    BP America President John Minge seeks to hold discussions with the company's workers about the legal challenges the U.K. oil major is facing in relation to the 2010 Gulf of Mexico oil spill. "Those who have worked with me before know that I am a hands-on leader, and I like to be very engaged with the workforce," he wrote in a memo to employees. Minge also said BP is working to strike a deal with the Environmental Protection Agency about lifting the company's suspension from gaining new federal contracts. (3/21) LinkedInFacebookTwitterEmail this Story
  • Noble Energy sets aside $45M for Colo. LNG facility
    Noble Energy will spend $45 million for the construction of a liquefied natural gas facility in Weld County, Colo. The plant will be able to produce 100,000 gallons of LNG per day. "This LNG plant is part of Noble Energy's continuing commitment to reduce emissions and improve the environment where we operate through the use of clean-burning natural gas as an engine fuel, displacing higher-polluting diesel," said Ted Brown, northern region senior vice president at Noble Energy. The Denver Post (3/21) LinkedInFacebookTwitterEmail this Story
  Exploration & Production 
  • Lithuania pushes signing of shale gas deal with Chevron
    Lithuania will wait for its parliament to toughen environmental policies before it signs a shale natural gas drilling deal with Chevron, Prime Minister Algirdas Butkevicius said. "Hopefully in early May we can start getting ready for actual exploration," he said. Chevron acquired 50% of LL Investicijos last year and filed the only bid in a shale exploration tender in Lithuania in January. Bloomberg (3/21) LinkedInFacebookTwitterEmail this Story
  • Linc Energy reports progress in NPR-A drilling operations
    Linc Energy has begun exploration drilling at the Umiat site in the National Petroleum Reserve‚ÄďAlaska. "We've spudded our first well and it is exciting news," said Paul Ludwig, a spokesman for the company. Umiat is a remote site at the reserve's southeast border, and Linc had to construct a 100-mile snow road to haul drilling equipment from the Dalton Highway in Alaska. Alaska Journal of Commerce (3/21) LinkedInFacebookTwitterEmail this Story
  Refining & Marketing 
  Policy Watch 
  • Obama's pick for Interior chief clears Senate committee
    The Senate Energy and Natural Resources Committee voted to approve President Barack Obama's nomination of Sally Jewell to head the Department of the Interior. "She is going to give each member of this committee her ear and her expertise that comes from having managed to pack a host of professional careers -- petroleum engineer, CEO and banker, to name just a few -- into just one lifetime," said Sen. Ron Wyden, D-Ore., chairman of the committee. The New York Times (tiered subscription model) (3/21) 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
  • Tell Secretary Kerry to approve the Keystone XL pipeline
    The Keystone XL pipeline is once again facing growing opposition, but we can't afford to let the critics drown out our voices. For every dollar we invest in Canada, nearly 90 cents will be returned to our economy -- creating thousands of American jobs. Don't let this vital opportunity slip away. Voice your support for the Keystone XL pipeline and American prosperity. Take action today. LinkedInFacebookTwitterEmail this Story

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