News

WASHINGTON, October 20, 2011 – API Vice President for Regulatory and Economic Policy Kyle Isakower told reporters today that between 2000 and 2010 the U.S. oil and natural gas industry invested $71 billion in technologies that reduce greenhouse gas emissions, far more than the federal government ($43 billion) and almost as much as the rest of private industry combined ($74 billion).These were the principal findings of a study prepared for API by T2 and Associates, which, Isakower said, yielded some important additional takeaways:

WASHINGTON, October 19, 2011 – Oil well drilling activity continued to increase in the third quarter of 2011, according to API's 2011 Quarterly Well Completion Report: Third Quarter. The report estimates that 6,379 oil wells were completed in third quarter 2011, a 16 percent increase from year-ago levels.

October 17, 2011 - Please join API in partnership with the Canadian Association of Petroleum Producers for an Energy Jobs Summit.

WASHINGTON, October 11, 2011 – API Executive Vice President Marty Durbin said the interim report by the president's jobs council overlooks potential jobs in the oil and natural gas industry, one of the country's strongest job creators.

WASHINGTON, September 22, 2011—API today announced the addition of marketing and communications firm Fleishman-Hillard to the public issues campaign supporting oil and natural gas development:

WASHINGTON, September 20, 2011 – API commended EPA's approval of an air permit for the drilling vessel Noble Discoverer, which Shell plans to use in exploration drilling next year in the Chukchi Sea off northwestern Alaska.

Sept 20, 2011

WASHINGTON, September 19, 2011 – API President and CEO Jack Gerard said President Obama's call for higher taxes on the U.S. oil and natural gas industry would undercut efforts to create jobs:

HARRISBURG, September 19, 2011—The American Petroleum Institute today announced Stephanie Catarino Wissman as executive director of the Associated Petroleum Industries of Pennsylvania, a division of API, effective October 10.

WASHINGTON, September 19, 2011 - On this third anniversary of the State Department's consideration of the proposed Keystone XL pipeline project, the American Petroleum Institute said this should be one of the shovel ready projects the president considers as part of his jobs program.