News

WASHINGTON, November 3, 2011 ─ A significant majority of American voters would like our country to rely more on oil from Canada to meet our needs, rather than from other countries, according to a poll by Harris Interactive for API.

WASHINGTON, November 3, 2011—API today said that while it is still reviewing details of the U.S. Environmental Protection Agency's final study plan to assess hydraulic fracturing, it is confident that a full examination will confirm that hydraulic fracturing poses no significant risk to human health, drinking water resources or the environment.

WASHINGTON, October 26, 2011 – API Vice President for Regulatory and Economic Policy Kyle Isakower briefed reporters today about an API-commissioned study by Sonecon that showed middle class Americans are principal owners of America's oil and natural gas companies:

WASHINGTON, October 21, 2011 – At 19.9 million barrels per day, total petroleum deliveries (a measure of demand) rose 2.5 percent in September compared with September a year ago. While motor gasoline demand was up only slightly by 0.3 percent, distillate demand reached a record for the month. On a year-to-date basis, gasoline demand was 1.3 percent down from 2010. Deliveries of jet fuel were at a four-year high for the month.

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, October 6, 2011 - The American National Standards Institute (ANSI) – a not-for-profit organization that establishes requirements for U.S. standards setting organizations to enhance the global competitiveness of U.S. businesses – has reaccredited the American Petroleum Institute's standards program after an audit last year and revisions to program procedures.

PITTSBURGH, October 4, 2011 — A two-day hydraulic fracturing workshop began today in Pittsburgh for oil and natural gas industry experts, academics, federal and state officials and regulators. Attendees will discuss industry best practices, regulation, and information sharing related to hydraulic fracturing, a technology indispensable to shale oil and natural gas development.