U.S. to send envoy to Saudi Arabia to Stabilize Oil Prices
market. U.S. oil producers have long resisted such a move, and the industry's largest trade association did not sound convinced on Friday, either."Our view is simple. Quotas are bad," said Frank Macchiarola, senior vice president of policy, economics and regulatory affairs at the American Petroleum Institute. "They've been proven ineffective and harmful. There's no reason during this time to try to imitate OPEC."In the last several years, shale operators using the innovative hydraulic fracturing, or fracking, technique, have boosted U.S. oil output to nearly 13 million barrels
DNV GL to Test Bolt Fatigue for API
DNV GL said it has secured a contract from the American Petroleum Institute (API) for the full-scale S-N fatigue testing of large diameter bolts. The objective of the program is to improve fatigue assessments of critical bolted connections particularly in subsea applications by generating new test data.S-N Fatigue testing is the graphical presentation of the dependence of fatigue life (N) on fatigue strength (S). The testing will take place in a strictly controlled environment within DNV GL’s global laboratory network involving its sites in Columbus, Ohio and Norway, which provide extensive
US Senators from 12 States Seek Offshore Drilling Exemptions like Florida's
of the rest seeking exemptions in the wake of the Florida decision. Zinke's abrupt announcement on Florida also took industry groups by surprise. National Ocean Industries Association (NOIA) President Randall Luthi called the move "disappointing and premature" while American Petroleum Institute President Jack Gerard said it puts thousands of jobs at stake. Industry groups and companies told Reuters last week that the eastern Gulf of Mexico and parts of the southern Atlantic were most attractive to drillers despite 90 percent of federal waters being on offer. The
As US Opens Up Offshore Waters, Eastern GoM Beckons
the offshore oil and gas industry, said in a statement. "Investing in the eastern Gulf could yield results - new jobs, new oil and gas production and increased energy security - quicker than investing in other offshore areas." The American Petroleum Institute and the Independent Petroleum Association of America have also expressed an interest in the eastern Gulf on behalf of its members, and big driller Royal Dutch Shell Plc told Reuters in October that "we have appetite and we are interested" in the eastern Gulf
Energy Industry Says 'No Thanks' to Trump Offer of Marine Sanctuaries
;t need to take from every portion of our oceans and coasts to maintain a healthy energy economy,” Democratic lawmakers on the House Natural Resources Committee wrote in July in a letter opposing the sanctuary review. Thanks, But No Thanks Drillers’ groups such as the American Petroleum Institute and the National Ocean Industries Association have expressed support for the review, mainly on the grounds that it sends a strong signal of federal support for the oil industry. Neal Kirby, a spokesman for the Independent Petroleum Producers of America, said that “it&rsquo
Obama Bans New Drilling off Alaska, Part of Atlantic Shore
oil in North Dakota and Texas. Exploratory drilling in the Arctic is expensive and risky. Shell Oil ended its quest to explore in harsh Arctic waters in 2015, after a vessel it was using suffered a gash and environmentalists uncovered a law that limited its drilling. The American Petroleum Institute oil industry group disagreed about the permanence of the ban and said Trump could likely use a presidential memorandum to lift it. "We are hopeful the incoming administration will reverse this decision as the nation continues to need a robust strategy for developing offshore
Obama Administration Bars New Oil, Gas Exploration off Alaska
Donald Trump, a Republican who takes office on Jan. 20, 2017, has vowed to open resources to petroleum development and could take steps to reverse the decision. Oil interests have pressured the administration to explore for energy in the Arctic. Jack Girard, the head of the American Petroleum Institute industry group, said the decision "puts the U.S. at a serious competitive disadvantage." Russia and Norway have also explored the Arctic, though Exxon Mobil wound down drilling in the Russian north in 2014 due to U.S. sanctions over Moscow's aggression in eastern Ukraine
U.S. to Crack Down on Ocean Noise that Harms Fish
forward from its current tactic of muffling noisy machinery. "Current efforts are like trying to control air pollution by putting a fence around a smokestack," he said. The draft strategy has raised concern in the oil industry. Andy Radford, a senior policy adviser for the American Petroleum Institute, said there was no science to support the idea of harm from the cumulative effects of underwater noise. "We think it (is) unrealistic to try to return the seas to their prehuman condition," he said. (Reporting by Ian Simpson; Editing by Scott Malone and Dan Grebler)
Fugro to Provide ROV Drill Support for Dana Petroleum
Isles developments in the northern North Sea. The scope of work covers standard drilling support, which begins this month, and intervention tooling support, with all ROV tooling designed and supplied by Fugro. This ensures 100 percent compatibility with the FCV 600 class of ROV and American Petroleum Institute (API) tooling standard 17D. Fugro has been operational on board the Ocean Guardian since the summer of 2012 and completed a number of successful projects in the North Sea, Western Isles and West of Ireland, achieving a high level of productivity and receiving positive client feedback
February 2024
