News

WASHINGTON, June 10, 2010 — The American Petroleum Institute Thursday expressed disappointment with the Senate’s defeat of the Murkowski resolution:

WASHINGTON, June 10, 2010 – In the wake of the oil spill in the Gulf of Mexico, the U.S. oil and natural gas industry has formed two additional task forces to address both short- and long-term issues related to subsea well control (stopping/mitigating the release of product at the point of origin) and spill response and cleanup.

WASHINGTON, June 9, 2010 – In testimony prepared for today's House Transportation and Infrastructure Committee hearing, API President and CEO Jack Gerard explained the details of the Oil Spill Liability Trust Fund, considered “one of the most important mechanisms we have to address liability and financial responsibility for oil spills.” Mr. Gerard pledged to work with Congress and the administration to quickly develop and provide recommendations on how to effectively address liability limits and financial responsibility requirements for offshore exploration activities

WASHINGTON, June 8, 2010 — The American Petroleum Institute Tuesday welcomed lifting of the shallow water moratorium but urged reconsideration of the deepwater drilling moratorium:

WASHINGTON, May 27, 2010 –While understanding and correcting the causes of the Gulf of Mexico accident are essential, the American Petroleum Institute opposes lengthy or open-ended delay of offshore oil and natural gas development, as proposed today by the administration.  Offshore development is crucial to creating and saving jobs and strengthening U.S. energy security.  API’s President and CEO Jack Gerard offered this response to the president’s announcement:

WASHINGTON, May 27, 2010 – In testimony prepared for today's House Committee on Natural Resources hearing, API President and CEO Jack Gerard called the rig accident in the Gulf of Mexico “tragic and heartbreaking” and pledged to work with the Department of the Interior and others to understand the causes, correct them, and raise the bar on safety for the industry.

WASHINGTON. May 21, 2010. –U.S. gasoline production jumped to 9.1 million barrels per day for April 2010, the highest April level ever and the second-highest gasoline production level for any month on record behind only March 2010, according to API’s Monthly Statistical Report.

WASHINGTON, May 18, 2010 — API President and CEO Jack Gerard Tuesday indicated support for President Obama’s decision to form a presidential commission to investigate the Gulf oil spill: