News

WASHINGTON, August 4, 2007 - API today issued the following statement on passage of energy legislation by the U.S. House of Representatives:

WASHINGTON, August 1, 2007 - James C. Day, the former chairman and chief executive officer of Noble Corp., is the 2007 recipient of the American Petroleum Institute’s Gold Medal for Distinguished Achievement.

WASHINGTON, July 18, 2007 – API today issued the following statement regarding the report released by the National Petroleum Council:

Replicating first quarter 2007 estimates, U.S. drilling estimates for the second quarter of 2007 are at twice the level of second quarter drilling activity recorded during the 1990s.

WASHINGTON, June 26, 2007 - On a letter to members of Congress, API President and CEO Red Cavaney cautions against a rush to impose legislation that would do more harm than good in the battle to meet our nation's energy challenges.

WASHINGTON, June 27, 2007 – At a time when millions of Americans are focusing on energy issues and policies, a new survey finds that most U.S. adults have a fundamental lack of knowledge regarding energy demand and supplies and the role of America’s oil and natural gas companies. In fact, when presented with 20 multiple choice questions, on average more than 25 percent of respondents said they were “not sure,” and in many cases people chose the response that is farthest from the correct answer.

WASHINGTON, June 21, 2007 – API, the national trade association of the U.S. oil and natural gas industry, has issued a new recommended practice that provides guidance for reducing the risk to personnel located in portable buildings from potential explosion, fire and toxic release hazards.

WASHINGTON, June 19, 2007 – API issued the following statement following the Senate Finance Committee passage of the “Energy Advancement and Investment Act of 2007”:

WASHINGTON, June 13, 2007 – Relatively weak U.S. gasoline deliveries, a proxy for demand, combined with record high domestic production and rising imports to help replenish U.S. gasoline inventories in May though they remain below year-ago levels, API data show.

WASHINGTON, May 30, 2007 - The nation’s oil and natural gas industry is better prepared for ahead of the 2007 hurricane season, API President and CEO Red Cavaney said during a joint press conference with the Minerals Management Service, the Department of Energy and the US Coast Guard.  API also published three new bulletins to help industry apply the latest understanding of environmental conditions in and around the Gulf of Mexico to make offshore facilities more resilient during hurricane season.