News

WASHINGTON, June 3, 2008 – A new report issued by the Natural Gas Council (NGC) estimates that the Lieberman-Warner climate change legislation would increase U.S. demand for natural gas

PALM BEACH, May 19, 2009- API President and CEO Red Cavaney told the Forum Club of the Palm Beaches that the U.S. could not meet its energy challenges if it did not understand the solutions to overcome those challenges. "We must recognize the critically important link between energy policy and investment. If oil and natural gas companies are to attract the investment they need to meet America’s energy needs, our nation must get its energy policy aligned with realities – that is essential to shaping a favorable climate that will attract investment," Cavaney said. "Our industry stands ready to play a constructive role with both government and consumers in developing an energy and climate change policy that ensures economic prosperity, jobs, and a secure energy future for both Florida and for our nation, in general."

WASHINGTON, May 7, 2008 - Oil and natural gas industry spending on drilling and equipping wells in the United States surged again in 2006, hitting an all-time record high of nearly $110 billion.

WASHINGTON, May 5, 2008 – Climate change legislation pending in Congress could significantly reduce clean-burning natural gas production and send refining production and jobs overseas at a time the nation needs more supplies of all energy sources, according to a report released today by API.

WASHINGTON, April 18, 2008 – Drilling activity continues to increase in the U.S. exploration and production industry, according to API’s first quarter 2008 drilling estimates that show drilling activity was twice the level of corresponding quarters during the 1990s.

WASHINGTON, February 6, 2008 – API has issued the following statement on the Chukchi Sea lease sale:

WASHINGTON, January 24, 2008 – U.S. drilling estimates for 2007 show that oil and natural gas exploration remains robust as activity was twice the level recorded during the lows of the early to mid-1990s, API said.  Estimated natural gas drilling was at a record high.