Posted April 1, 2013
API is out with two new oil and natural gas industry standards on well design and drilling operations:
- Deepwater well design and construction
- Protocol for verification and validation of high-pressure, high-temperature equipment
Both represent advancements toward making oil and natural gas extraction safer – for people and the environment. David Miller, API director of standards:
“Every industry standard we develop shares the goal of safely and responsibly producing more of the energy America needs. These new guidelines will help the industry to continue operating safely in deeper, higher pressure, and higher temperature environments. As changing technologies provide better opportunities to develop the energy that fuels America, industry standards must adapt as well.”
Posted February 15, 2013
Of the energy-related lines in the president’s State of the Union address earlier this week, none stood out more than this one:
“… the natural gas boom has led to cleaner power and greater energy independence. That's why my administration will keep cutting red tape and speeding up new oil and gas permits.”
Certainly, the president is right, that the development of natural gas – especially from shale, developed with hydraulic fracturing – and oil are a big part of shrinking imports and cleaner air.
First the environment. We’ll keep saying it: Increased use of natural gas is a major factor in the reduction of U.S. carbon emissions to 1992 levels, which is allowing the U.S. to lead the world in emissions reduction, according to the International Energy Agency – all while producing more than ever before.
Posted January 18, 2013
At last week’s State of American Energy event in Washington, D.C., we interviewed some of the attendees on the future of U.S. energy development – which we’ll share in future posts. Below, BP America Executive Vice President Dave Nagel talks about America’s opportunity to move toward energy self-sufficiency through purposeful and careful management of its oil and natural gas reserves
Posted January 11, 2013
U.S. Chamber of Commerce President and CEO Tom Donohue in his annual State of American Business address, rightly identifying American-made energy as a critical to broad economic recovery and to solving the nation’s fiscal problems:
“Today, 23 million Americans are unemployed, underemployed, or have stopped looking for work. A record 47 million people are poor enough to be on food stamps. Median family income has dropped to 1995 levels—so we’re going backward. … From top to bottom we need more success in America. We need to nurture success, empower it, reward it, and celebrate it. … Proceeding swiftly and responsibly to develop more American energy can help us immeasurably with our fiscal problems, but it can also do so much more for our country.”
Posted January 11, 2013
Here’s one of the main things wrong with arguments some are making against the export of U.S. liquefied natural gas (LNG): They substitute narrow interests and agendas for the proved economic benefits of free trade to the entire United States – long demonstrated in the sale of countless other U.S. commodities to overseas buyers.
Posted December 21, 2012
Posted December 18, 2012
Posted December 4, 2012
Two pieces of good employment news in a new analysis of job opportunities in the oil and natural gas industry’s upstream (pre-refinery) sector:
- With the implementation of pro-energy development policies, including opening new resource areas for drilling, the upstream part of the industry could create more than 500,000 new jobs by 2020 and more than 800,000 by 2030, according to IHS Global Insight.
- More oil and natural gas jobs offer a great employment opportunity for African American and Latino workers. IHS projects that 166,000 or 31 percent of the new oil and gas upstream jobs created by 2020 could be held by African Americans and Latinos. Of new upstream jobs created by 2030, more than 285,000 (35 percent) could be held by African Americans and Latinos.
Posted November 30, 2012
Posted November 27, 2012