News

WASHINGTON, April 23, 2010 – The estimated number of U.S. oil and natural gas wells and dry holes completed in the first quarter of 2010 – 7,663 – was 24 percent lower than 2009, halting an uptick in completion well activity that began in the second half of 2009, API’s first-quarter drilling estimates indicate.

WASHINGTON, April 22, 2010 – API presented environmental and safety awards yesterday to several U.S. pipeline companies at its 61st Annual Pipeline Conference in New Orleans.

WASHINGTON, April 22, 2010 – The American Petroleum Institute issued two new refinery safety standards today.  The first will help companies identify and use process safety indicators to reduce risks; the second will provide guidance on reducing fatigue risks.  The U.S. Chemical Safety and Hazard Investigation Board (CSB) recommended that API and other stakeholders develop the standards following the CSB’s investigation of the 2005 Texas City refinery incident.

WASHINGTON, April 21, 2010 – The American Petroleum Institute is deeply concerned about the rig accident in the Gulf of Mexico today, and our thoughts and prayers are with the workers and their families. API will continue its efforts working on behalf of its members and the industry to continuously assess and improve the safety of industry operations. It issued the following statement regarding the industry’s commitment to offshore safety:

WASHINGTON, April 21, 2010 – Two new studies commissioned by the American Petroleum Institute show that oil and natural gas companies paid the U.S. government more than $3 billion for leases under the 1995 Deep Water Royalty Relief Act, spent $37 billion to develop them, paid billions in production-related taxes, created thousands of jobs and pumped billions into the economy.

Published April 16, 2010

WASHINGTON, April 16, 2010 – U.S. refineries produced more gasoline this March – at 9.3 million barrels per day – than any previous month on record. March gasoline deliveries (a measure of demand) were higher – at 9.2 million barrels per day – than any previous March. The highest amount of gasoline ever delivered was 9.6 million barrels per day in July 2007. Total March deliveries of all products, including gasoline, distillate, kerosine-jet fuel, and residual fuel, rose 3.5 percent from a year ago.

WASHINGTON, April 14, 2010 – The American Petroleum Institute today announced the appointment of Linda Schoumacher Rozett as the oil and natural gas trade association’s new vice president of communications, effective immediately.