From: API SmartBrief
To: Scott Jenkins,
Subject: Last opportunity to stay informed
Date: Mon May 12 13:32:12 MDT 2014
Body:
GAO report: BLM overlooked inspecting thousands of wells | Groups oppose BOEM's alternative on Outer Continental Shelf surveys | $2.4B liquefaction facility proposed for La.
Created for sjenkins@le.utah.gov |  Web Version
 


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frac sand & proppant procurement & logistics conference San Antonio August 21-22 Petroleum Connection
 
May 12, 2014
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GAO report: BLM overlooked inspecting thousands of wells
The Bureau of Land Management failed to inspect thousands of oil and natural gas wells, according to a Government Accountability Office report. The BLM uses policies based on outdated science and incomplete data, and it failed to coordinate with regulators in New Mexico, North Dakota, Oklahoma and Utah, the GAO said. The report found the BLM "cannot accurately and efficiently identify whether federal and Indian resources are properly protected or that federal and Indian resources are at risk of being extracted without agency approval." The Washington Post (tiered subscription model)/The Associated Press (5/12)
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This is the only congress focussed on delivering the very latest production forecasts and takeaway capacity for the Permian Basin. Hear the latest info on production volumes, takeaway capacity & market destinations from E&P and midstream providers such as Lucid Energy, Element Petroleum, Prism Midstream, Plains All American Pipeline & more. Register.
 
Industry News
Groups oppose BOEM's alternative on Outer Continental Shelf surveys
The Bureau of Ocean Energy Management's preferred option for new geologic and geophysical surveys of the South and Mid-Atlantic Outer Continental Shelf has unnecessary and irrational restrictions, the American Petroleum Institute, National Ocean Industries Association and International Association of Geophysical Contractors said in a joint statement. "G&G activities have little documented impact on marine mammals," they said. The alternative could "discourage investment in essential data gathering efforts" as restrictions were based on unrealistic observations, said Erik Milito, upstream and industry operations director at API. Oil & Gas Journal (5/8)
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$2.4B liquefaction facility proposed for La.
Southern California Telephone & Energy has unveiled its purchase of a 232-acre property in Cameron Parish, La., for a proposed $2.4 billion natural gas liquefaction plant. The project is set to be the 12th LNG export facility planned in Louisiana. The Advocate (Baton Rouge, La.) (5/10)
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Kuwait's state oil company makes supply deal with Shell for LNG
Kuwait Petroleum entered a six-year liquefied natural gas supply agreement with Royal Dutch Shell, valued at about $12 billion, as it seeks to focus on using LNG instead of diesel and crude oil. The deal is also part of Shell's move to meet energy demands during the summer. Reuters (5/11)
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Exploration & Production Sponsored By
Analysis: U.S. gas production bullish in April
The U.S. had its most productive month for natural gas in April, with six of the 10 highest production days happening within the month, attributed to activities in domestic shale plays, according to an analysis by Bentek Energy. Output from the Lower 48 states reached an average of 67.3 billion cubic feet of gas per day, which was 4.2% higher than the same period last year and 0.5 billion cubic feet per day higher than March. Production also reached its maximum output of 68 billion cubic feet per day on April 13. American City Business Journals/San Antonio/Alamo City Beat blog (5/9)
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Experts: N.M. oil output to increase 18% to 20% this year
Oil production in New Mexico is expected to rise 18% to 20% this year, up from 99.1 million barrels in 2013, experts at the New Mexico Center for Energy Policy predicted. "We're at about 270,000 barrels per day now, but we project that to reach between 320,000 and 325,000 per day in 2014. That would give us the equivalent of about two-thirds of all the oil production in Alaska," said Daniel Fine, associate director of the center at the New Mexico Institute of Mining and Technology. "In just a few years, we'll be back at our all-time peak of 129 million barrels, which was achieved in 1969." Albuquerque Journal (N.M.) (free content) (5/10)
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Nearshore, Offshore, Any Shore. Meet the Tugs that Do It All.
Whether towing barges hauling project cargo or crossing oceans with fuel to spare, Crowley's ocean class tugs are highly maneuverable, with165 ST of bollard pull and equipped with DP2 technology to get the job done, every time. That's why from the fabrication yard to the offshore field, the best in the world turn to Crowley. Learn more here.
 
Refining & Marketing
Trade group: Regulators to receive refiners' Bakken crude testing data by month's end
A report compiling crude oil testing data from various oil refiners is expected to be submitted to the Transportation Department by the end of the month to help regulators determine the volatility of oil being transported by rail from the Bakken Shale, said Rich Moskowitz, general counsel of the American Fuel and Petrochemical Manufacturers. Seventeen companies had anonymously submitted information to an undisclosed third-party auditor employed by the trade group, he added. Reuters (5/9)
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Policy Watch
Democrats ask Obama to oppose expanding gas exports
Democratic senators wrote a letter to President Barack Obama, urging him to disapprove increased exports of natural gas. "Integration of U.S. and Asian natural gas markets through U.S. exports could lead to further increases in prices for American consumers and businesses, which may fundamentally reverse many of the economic benefits that have led to the current surge in manufacturing job growth in the United States," Sen. Debbie Stabenow, D-Mich., and 19 other Democrats wrote. Previously, five other Democratic senators asked Obama in a letter to support expanded gas exports, saying this could help the U.S. bolster the world's energy security. The Hill (5/9)
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EPA seeks feedback on disclosure of fracking chemicals
The Environmental Protection Agency issued an announcement on Friday seeking comments from the public, the energy industry and other stakeholders on whether to require public disclosure of chemicals used in hydraulic fracturing. The American Petroleum Institute criticized the plan, saying that creating new regulations on this matter is "unnecessary and duplicative." "Robust chemical information is already available to EPA, as well as to state regulators that are the primary regulators for oil and gas operations," said Zachary Cikanek, spokesman for API. The Wall Street Journal (tiered subscription model) (5/9)
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New, upgraded tank cars involved in oil train accident in Va., official says
The recent oil train derailment in Virginia involved newer models of tank cars, said Eric Weiss, spokesman for the National Transportation Safety Board. Ten of the 13 derailed cars were built as model CPC-1232, which is an upgraded design from DOT-111 and considered to be a design for future shipping containers, he said. Reuters (5/9)
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API News
API eMaintenance
API eMaintenance is ideal for service station and convenience store owners. It is a low-cost maintenance-management system that can help you dramatically reduce repair times and costs, while monitoring service-level agreements. Scalable and modular, this Web-based system automates the process of capturing and completing real time maintenance requests. This enables you to follow up on all maintenance jobs, managing contractor and asset performance while ensuring the process is both efficient and accurate. Learn more.
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Storage Tank, Valves, Piping, Pumps Conference, call for presentations, Oct. 13-16, Las Vegas
The First Annual Combined API Terminal and Refinery Equipment Conference is the result of the API Storage Tank Conference combining forces with two new API conferences: Valves & Piping and Pumps. Combined, these three co-located events will give attendees an opportunity to learn about new and existing industry codes and standards, hear about emerging trends from experts, network with terminal and refinery equipment professionals and candidly share ideas and discuss the challenges facing the industry. Read the Call for Presentations.
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