Tag: api

Feds propose Arctic drilling mandates

The Interior Department’s proposal would for the first time impose specific mandates on offshore drilling in isolated U.S. Arctic waters — updating rules that were built decades ago for the much more temperate Gulf of Mexico.  More »

Crude stores rise again

Commercial stores of crude oil grew by 7.7 million barrels to 425.6 million barrels, the highest level recorded in EIA data stretching back to 1982  More »

West Virginia train derailment puts focus on rail safety

The fiery derailment near Mount Carbon, W.V., shines a spotlight on steps that could make it safer to transport crude by rail, including automated braking systems and better track maintenance.  More »

U.S. should lift export ban despite possible impact on crude prices, API chief says

It’s not clear whether proposed changes to 40-year-old oil export ban will make much progress this year, whether by the Obama Administration or the Republican-controlled Congress.  More »

Broad coalition takes aim at renewable fuel mandate

The measure sponsored by Rep. Bob Goodlatte, R-Va., would preserve requirements for advanced cellulosic ethanol made from wood, grasses and other inedible plant material.  More »

Permitting, prices holding back new pipelines

“This may be the most difficult time ever to expand pipeline capacity,” Andrew Black, CEO of the Association of Oil Pipe Lines, told lawmakers on Tuesday.  More »

Obama budget would slash oil tax breaks while boosting renewables

In his $4 trillion budget request to Congress, Obama also says he wants to change the way money from offshore oil and gas production is shared with Gulf Coast states, by diverting more of those dollars to national programs with “broad” natural resource and conservation benefits.  More »

Offshore drilling plan targets Atlantic and Arctic waters

The Obama administration’s proposal for 10 auctions of drilling rights in the Gulf of Mexico, three targeting Arctic waters and one of Atlantic acreage is alienating both environmentalists and the oil industry.  More »

Obama administration opens door to Atlantic drilling

The Obama administration is poised to unveil a draft plan for selling offshore oil and gas leases that is expected to rule out auctioning drilling rights in parts of the Atlantic Ocean as well as in some Arctic waters and along the West Coast between 2017 and 2022.  More »

Republicans vow to fight administration on Arctic drilling

Republicans lashed out at what they called a “triple whammy” of Obama administration actions that could limit oil development in and around Alaska, including new protections in the Arctic National Wildlife Refuge and a coming plan for selling offshore drilling rights.  More »

Obama talks tough on climate change, Keystone XL

In his penultimate State of the Union address, Obama chided lawmakers who have been skeptical of climate change or humanity’s role in it and delivered a thinly veiled critique of the GOP-controlled Congress’ focus on the Keystone XL pipeline.  More »

Oil producers lobby against export vote

U.S. oil producers are warning against an amendment aimed at blocking the export of Canadian crude transported by Keystone XL.  More »

White House methane plan takes aim at oil and gas industry

White House officials said the plan aims to cut oil and gas emissions of the powerful heat-trapping greenhouse gas by 40 to 45 percent within a decade, from 2012 levels.  More »

Oil group to focus on midstream issues

The American Petroleum Institute’s decision to create a new midstream department focusing on that segment of the oil and gas industry follows the lead of regulators, executives and environmentalists who also are increasingly involved in energy infrastructure.  More »

API chief optimistic about industry’s future amid price decline

The decline in oil prices, now less than half their June 2014 peak, will have “some impact” in the short term as companies pare capital spending, Jack Gerard said.  More »
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