American Petroleum Institute (API) Company News
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46.3B Barrels of Oil in Wolfcamp-Bone Spring
Thursday, December 06, 2018 New federal study estimates undiscovered, technically recoverable resources in Wolfcamp shale and Bone Spring Formation in Permian's Delaware Basin.
API: US Producers, Refiners Made History Last Month
Thursday, July 19, 2018 Domestic crude oil, NGL production hit unprecedented levels in June 2018, according to API.
Big Oil Eyes US Minority Groups To Build Offshore Drilling Support
Friday, June 22, 2018 API is seeking to convince Hispanic and black communities to support the Trump administration's proposed expansion of offshore drilling.
API's Jack Gerard to Step Down
Wednesday, January 17, 2018 After serving for 10 years as president and CEO of the API, Jack Gerard is calling it quits.
API Panel Member: Voluntary Methane Program Forthcoming
Friday, October 06, 2017 Shell exec who sits on API panel discusses voluntary program.
API: Obama Catering to Activists with Oil Tax Proposal
Monday, February 08, 2016 Oil and gas trade association criticizes recent White House proposal, says new tax on oil would be a "head in the sand" movement.
Industry Groups Say Proposed Flaring Rules are Costly, Unnecessary
Friday, January 22, 2016 Industry groups say they support reducing methane emissions, but see BLM's proposed update of gas flaring rules on federal lands as duplicative and unjustified.
API: Science, Real-World Results Should Guide Obama Policy Choices in 2016
Tuesday, January 12, 2016 President Obama should look to science and real-world proven results, not ideology, to shape his energy policy choices during his last year in office.
API: US Energy Renaissance Key For Stability amid Middle East Unrest
Tuesday, January 05, 2016 American Petroleum Institute CEO Jack Gerard says the United States' model for energy provides security, jobs and cleaner air in "2016 State of American Energy" address.
API, ANGA Combine Forces
Wednesday, November 18, 2015 Following approval of both boards of directors, the American Petroleum Institute and America's Natural Gas Alliance announced the two organizations will combine into a single trade association.
Industry Groups, Senator Applaud Approval of US-Mexico Oil Exchanges
Friday, August 14, 2015 Energy industry groups and US Senator Lisa Murkowsi applaud the US Commerce Department's plan to approve crude exchanges between the US and Mexico.
Oil, Gas Industry Sounds Off on BSEE Proposed Well Control Rule
Friday, July 17, 2015 Oil and gas organizations express concerns with a proposed rule by the Bureau of Safety and Environmental Enforcement regarding BOPs and well control.
API: Pension Funds' Oil, Gas Returns Dwarf Other Assets
Tuesday, April 28, 2015 Oil and gas pension investments yield double those of investments in other assets, and most oil and gas shares held by middle class Americans planning for retirement, according to API report.
API Reviews Proposed Arctic Offshore Regulations
Friday, February 20, 2015 The Arctic is an essential piece of the energy equation and vital to keeping America's status as a world leader in energy, API Director of Upstream Erik Milito says.
API's Gerard to President Obama: Follow Facts and Science, Not Politics
Thursday, January 15, 2015 API's Jack Gerard discusses the state of the energy industry, and the upcoming State of the Union address.
Gerard: Right Energy Policy Needed to Sustain Growth in Energy
Tuesday, January 06, 2015 API's Jack Gerard outlines the State of American Energy for 2015, highlighting the potential for long-term oil and gas job creation despite lower oil prices.
Study Finds Methane Emissions Lower than Previous Studies
Tuesday, December 09, 2014 The level of methane emissions generated by hydraulic fracturing and shale gas production in the United States have declined, according to a recent study.
Studies Highlight Job, Economic Potential of Expanding US Offshore Leasing
Wednesday, November 19, 2014 Opening additional areas of the US Outer Continental Shelf could create over 800,000 jobs and generate significant government revenues, according to studies by API and NOIA.
API Study: Getting More Women into Oil, Gas Careers
Friday, November 07, 2014 As the need for new oil and gas workers grows, new opportunities are becoming available for women and non-whites with an education in technical fields.
Oil, Rail Industries Want 7 Years To Fix Tank Cars
Tuesday, September 30, 2014 The oil and railroad industries are urging US regulators to allow them as long as 7 years to retrofit existing tank cars that transport crude oil, an industry official says.
US Oil Industry Group API Issues Guidelines For Crude By Rail
Thursday, September 25, 2014 The API issues guidelines for moving crude oil by rail, the latest response to a string of fiery derailments in the United States and Canada that has raised calls for reform.
API Launches New Standard for Subsea Capping Stacks
Tuesday, July 29, 2014 API unveils new guidelines for the design, manufacture and use of subsea capping stacks.
API VP: Elected Officials, Not Voters, Should Make Fracking Decisions
Friday, July 11, 2014 Complex and technical energy issues like fracking are best made by elected officials, according to API Vice President Louis Finkel.
API Publishes 'Good Neighbor' Standards for Oil, Gas Developers
Wednesday, July 09, 2014 API issues a first-of-its-kind industry standard for community engagement in areas of the country where horizontal drilling and hydraulic fracturing have opened new energy development opportunities.
Study: Removing Export Ban on Crude Will Create Jobs, But Opposition Strong
Wednesday, June 04, 2014 Lifting the ban on crude exports will pump up the economy, but some legislators and public oppose the move.
API: Spec Q2 Certification Now Available for Drilling Service Providers
Tuesday, May 06, 2014 The API Specification Q2 is being fully implemented, and API has already received more than 50 applications for certification from facilities around the globe.
AOPL, API Join Forces to Improve Safety of Liquid Pipelines
Thursday, February 27, 2014 Organizations representing liquid pipeline operators launch joint effort to enhance safety performance.
BOEM Completes Environmental Review for Activities Offshore Atlantic
Thursday, February 27, 2014 BOEM publishes a final environmental review of geological and geophysical survey activities off the Mid- and South Atlantic Coast.
API, IPAA See Flaws in Tax Reform Draft
Wednesday, February 26, 2014 The discussion draft for proposed US tax reform could hinder job creation and the US energy and manufacturing sectors, say oil and gas industry group officials.
API's Gerard Unveils its 2014 Energy Vision for the Industry to Grow
Tuesday, January 07, 2014 API's Gerard outlines the organization's wish list in his annual address.
US Congress Approves Boundary Agreement with Mexico
Wednesday, December 18, 2013 US Congress approves as part of its budget deal an agreement to allow energy development on the US-Mexico maritime border.
API, Industry Groups Criticize Baucus' Tax Proposal
Friday, December 13, 2013
Report: Significant Economic Benefits Seen from Atlantic Oil, Gas Devt
Thursday, December 05, 2013 Opening US Atlantic waters to oil and gas exploration could create significant economic benefits that will be felt throughout the United States, according to a recent report.
API: Public Policy Can Change Energy Costs
Thursday, November 21, 2013 Energy costs have been down overall, but commonsense public policy changes can help put further downward pressure on costs to help American families, API Chief Economist John Felmy says.
API Waves Goodbye to Cazalot, Says Hello to Chazen
Tuesday, November 12, 2013 As Clarence Cazalot prepares for his departure from Marathon Oil Company and API, the national trade association elects Occidental Petroleum's Chazen as Next Chairman.
API Poll: Congress Can Solve Budget Issues Without Punitive Energy Taxes
Tuesday, October 29, 2013 Americans believe higher taxes on the oil and gas industry could drive up US consumer energy costs and negatively impact growth in jobs and production, a new API poll finds.
Study: Delaying IDC Recovery to Result in US Production, Job Loss
Thursday, July 11, 2013 Repealing the current tax deduction for intangible drilling costs would negatively impact US oil and gas production and economic growth, according to API.
API All Smiles over Ending SEC's Anti-Competitive Disclosure Rule
Tuesday, July 02, 2013 API welcomes a decision by the US District Court for the District of Columbia that will stop SEC's implementation of Section 1504 of the Dodd-Frank Act.
API: Comment Period Extension for Fracking Regulations Justified
Thursday, June 06, 2013 BLM's decision to extend the comment period for the latest version of proposed hydraulic fracturing regulations for federal and Indian lands is warranted, says API.
Industry Groups See Montana Lawsuit as Counterproductive
Friday, May 24, 2013 Energy industry groups call a lawsuit filed to stop Montana oil and gas leasing counterproductive.
Five US States Help Boost US Oil Production
Tuesday, May 21, 2013 Five US states besides Texas and North Dakota make a significant contribution to the growth in US oil production.
California Postpones Oil, Gas Lease Auctions
Thursday, May 09, 2013 Due to recent events, BLM has delayed oil and natural gas leasing in California.
API: Investment in US Shale Drilling Up in 2011
Tuesday, April 30, 2013 An estimated $65.5 billion was invested drilling an estimated 10,173 US shale oil and natural gas wells in 2011, according to API's 2011 Joint Association Survey on Drilling Costs.
Task Force Unveils Oil, Gas Road Safety, Management Recommendations
Wednesday, April 24, 2013 API and two US trucking associations issue recommendations for road safety and traffic management to address growing traffic in US shale plays.
Senate Confirms Sally Jewell as U.S. Interior Secretary
Wednesday, April 10, 2013 The Senate approves the nomination of Sally Jewell to head the US Interior Department, giving Obama an easy win in his first effort to appoint new leaders at his energy and environmental agencies.
API: TV Ads Show Americans Don't Support Higher Industry Taxes
Wednesday, March 13, 2013 New TV ads show Americans don't support higher taxes on the oil and natural gas industry, API Executive Vice President Marty Durbin says.
API: Obama Admin Closer to Approving Keystone XL
Friday, March 01, 2013 API Executive Vice President Marty Durbin welcomes the State Department's draft Environmental Impact Statement for the new Keystone XL Nebraska route.
Industry Groups Refute Concerns Over US LNG Export Benefits
Tuesday, February 26, 2013 Two energy industry groups file comments with DOE rebutting concerns over US LNG exports.
API Addresses Record-High Gasoline Prices
Tuesday, February 26, 2013 More crude oil production and more efficient consumption of oil products are keys to addressing higher gasoline prices, according to API's Chief Economist John Felmy.
Unconventional Oil, Natural Gas is the 'Sweet Spot' for US
Wednesday, February 13, 2013 Unconventional oil and natural gas activity is unlocking new domestic sources of supply; and as a result, unconventional energy development is spurring job creation and economic growth.