Tagged API

Faroe increases Blane field ownership

By Offshore Energy Today Faroe Petroleum has conditionally acquired a further 13.9935% stake in the Blane Field in the UK North Sea from JX Nippon Exploration and Production (U.K.) for $5.25 million. The company, focused on UK and Norway, said deal consolidated Faroe’s existing Blane position to in aggregate a 44.5% non-operated interest; high quality…

API: Meddling with Jones Act will lead to job, production cuts

By Offshore Energy Today American Petroleum Institute, a U.S. industry body representing oil and gas companies’ interest, has slammed the recently proposed changes to the U.S. Jones Act claiming that, if adopted, they would negatively affect the country’s offshore oil and gas industry, and lead to job cuts. The Jones Act, passed in 1920, prevents…

Customized riser installation enhances safety, efficiency for multi-well deepwater project

In a first-of-its-kind installation, Weatherford engineered a fit-for-purpose tubular handling and makeup package for the multi-use riser. The integrated, customized solution, which was designed for use on 11 platform wells, combines several tubular running technologies and tools that are specially designed to handle non-API sizes of pipe. Read Full Article Here For more great articles:…

API CEO urges more LNG exports from secretary of energy nominee

By LNG World News Illustration purposes only (Image courtesy of Shell)President and CEO of the American Petroleum Institute, Jack Gerard, urged the former Texas governor Rick Perry to make LNG a top priority at the Department of Energy, following the latter’s nomination for the post of secretary of energy. “The United States is leading the…

API weighs in on GoM seismic surveys

API Offshore Sr. Policy Advisor Andy Radford highlighted the importance of seismic surveys in the Gulf of Mexico and the potential significance of the US Bureau of Ocean Energy Management’s recently released draft Programmatic Environmental Impact Statement. Read Full Article Here For more great articles: Offshore RSS Feed

Indonesia Explores LNG for Rail

By NGV Global Indonesia’s oil and gas corporation PT Pertamina (Persero) and railway company PT Kereta Api Indonesia (KAI), both state-owned, are testing Liquefied Natural gas (LNG) as a fuel for rail transportation. Static and dynamic tests have been carried out at Balai Yasa, the rail services yard in Yogyakarta. Activities that are part of…

API: US August petroleum demand decreased slightly from July

According to data from the American Petroleum Institute, total US petroleum deliveries, a measure of petroleum demand, moved up 1.6% in August from the same period last year to average 20.1 million b/d. These were the highest August deliveries since 2007. Read Full Article Here For more great articles: Oil & Gas Journal – General…