News

WASHINGTON, July 17, 2012 – Overall well completions—including oil and gas wells—maintained its high levels from a year ago of about 11,000 wells in the second quarter, according to API's 2012 Quarterly Well Completion Report: Second Quarter.

WASHINGTON, July 12, 2012 – A new blend of motor vehicle fuel containing 15 percent ethanol – known as E15 – now available in Kansas could damage vehicle engines, the American Petroleum Institute (API) warned the state’s consumers today.

WASHINGTON, July 10, 2012 ─ API Pipeline Director Peter Lidiak welcomed the National Transportation Safety Board investigation findings and recommendations for the 2010 crude oil release in Marshall, Michigan.

WASHINGTON, July 10, 2012 – API senior policy advisor Stephanie Meadows told reporters this morning that more collaboration was needed on EPA’s study on hydraulic fracturing and drinking water.

WASHINGTON, July 10, 2012 – API President and CEO Jack Gerard told a congressional subcommittee today that while America’s Renewable Fuels Standard law had increased use of ethanol and other biofuels, implementation of the law’s requirements was becoming increasingly difficult and could hurt consumers. The volume requirements in the law could soon require concentrations of ethanol in gasoline above levels known to be safe.

WASHINGTON, July 9, 2012 – The nation’s liquid pipeline operators, who deliver millions of barrels of crude oil to refineries and gasoline and other petroleum products to American consumers daily, are making major investments to enhance pipeline safety.

WASHINGTON, July 3, 2012 – API Executive Vice President Marty Durbin applauded North Carolina’s Legislature, Senate President Pro Tempore Phil Berger (R-Rockingham) and House Speaker Thom Tillis (R-Mecklenburg) for enacting a law that allows for hydraulic fracturing to develop the state’s natural gas resources.

WASHINGTON, June 29, 2012 – API welcomed the introduction of the Phantom Fuel Reform Act of 2012 by Congressman Jeff Flake (R-AZ) in the U.S. House of Representatives that would eliminate EPA mandates for the use of biofuels that do not yet exist.

WASHINGTON, June 28, 2012 ─ API Group Director of Upstream and Industry Operations Erik Milito today described the Interior Department’s new five-year offshore leasing plan as a continuation of the administration’s discouraging pattern of delay and unnecessary restraint.

WASHINGTON, June 28, 2012 ─ API President and CEO Jack Gerard called on President Obama to immediately approve the Keystone XL pipeline and put thousands of Americans to work.