News

WASHINGTON, July 21, 2010—The American Petroleum Institute welcomes today’s announcement that a new rapid response system to protect the Gulf of Mexico is under way from ExxonMobil, Chevron, ConocoPhillips and Shell.

WASHINGTON, July 15, 2010 — The financial reform bill, passed today in the Senate, while an improvement over earlier versions, still remains problematic, according to a statement by Misty McGowan, a director in the American Petroleum Institute’s federal relations department.

WASHINGTON, July 15, 2010 — API welcomed BP’s announcement that oil has stopped flowing from the Deepwater Horizon, according to a statement by American Petroleum Institute President and CEO Jack Gerard.

Monthly Import Statistics for April 2010

Monthly Statistical Report June 2010

July 2010 Petroleum Facts at Glance

WASHINGTON – After posting a 22 percent first-quarter decline relative to 2009, U.S. oil and natural gas drilling activity staged a turnaround in the second quarter, with completions rising 38 percent from 2009’s second quarter, according to API’s 2010 Quarterly Well Completion Report: Second Quarter.

WASHINGTON, July 15, 2010 — The House Energy and Commerce’s Blowout Prevention Act (HR 5626), which was marked up today, remains problematic despite constructive bipartisan efforts to improve the legislation, according to a statement by American Petroleum Institute President and CEO Jack Gerard:

WASHINGTON, July 12 – API called for an early return to deepwater Gulf drilling in testimony delivered in New Orleans today at the first meeting of the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling.  API senior policy advisor Andy Radford told the commission, “we must work to get the Gulf deepwater industry – and the tens of thousands of people it employs – fully up and running again with as little delay as possible.”

WASHINGTON, June 23, 2010 – In testimony prepared for today's subcommittee on energy and environment of the House Science and Technology Committee, API Upstream Director Erik Milito said the oil and natural gas industry intends to use any findings from the investigations of the Deepwater Horizon incident to continue to improve the technologies and practices to achieve safe and environmentally sound operations.