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Tag Archives: American Petroleum Institute

How efficiently has American drilling matured?

pump jack

How can we measure well efficiency from year to year? Well just recently, the American Petroleum Institute (API) initiated a survey that aimed to find out how efficient wells have become over the course of America’s energy revolution. According to the API’s 2013 Joint Association Survey on Drilling Costs, an estimated $147.7 billion was invested in drilling roughly 45,000 U.S. ...

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Is it time to scrap the American Renewable Fuel Standard?

On Wednesday, representatives of the American Petroleum Institute, the Environmental Working Group (EWG) and anti-hunger group ActionAid USA held a joint press conference to call on Congress for a repeal or a drastic reform of corn ethanol mandates under the Renewable Fuel Standard (RFS). “A chorus of concerned groups — from consumer groups to environmental groups to anti-hunger groups and ...

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API cautions redundancy for new Arctic offshore regulations

Last Friday, The Obama administration released regulation regarding offshore oil and natural gas production in the Arctic Ocean. The very first of its kind, the regulation would require companies to create contingency plans if a spill or malfunction were to happen. Right away, the American Petroleum Institute (API) went to work on analyzing the recent offshore bylaws. API Director of ...

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Environmental agency receives various donations for travel expenses

bills

Over the course of 17 months, the Texas Commission on Environmental Quality, the state’s environmental regulatory agency, received $135,121.37 in contributions from outside agencies. These contributions were largely used for travel fare, meals and hotel stays for conferences. The largest contributor to the commission during this period was the Nuclear Regulatory Commission, which paid for 18 trips to seven cities. ...

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Oil falls sharply after U.S. crude inventories rise

LONDON – Brent crude oil prices slipped below $59 a barrel on Thursday after another big weekly build in U.S. crude inventories and a possible rise in Saudi output stoked worries about oversupply. U.S. crude stocks rose by 14.3 million barrels last week, data from industry group the American Petroleum Institute (API) showed after Wednesday’s settlement, compared with analysts’ expectations ...

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Safest mode of transport for oil and gas debated

The more oil and gas that is pulled from the ground by drilling and fracking, the more that will need to be moved from wellheads in North Dakota, Pennsylvania and Ohio to refineries and ports throughout the country. But the best, safest way to transport oil and gas, which can be toxic and explosive, is still being debated. Tanker trucks, ...

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