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API welcomes Senate support for U.S. offshore energy development

WASHINGTON, July 26, 2017 – API welcomed a letter sent today by 36 U.S. Senators to Interior Secretary Zinke in support of the safe and environmentally responsible development of our nation’s offshore energy resources as the administration begins developing a new five-year offshore oil and natural gas leasing program.

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Opposing offshore energy development hurts North Carolina workers, consumers, and businesses

RALEIGH, July 20, 2017 – North Carolina Petroleum Council Executive Director David McGowan issued the following statement in response to Governor Cooper’s announcement today opposing offshore energy development and the benefits it would bring to North Carolina consumers and businesses.

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API applauds House action to bolster U.S. energy infrastructure, promote jobs

WASHINGTON, D.C., July 19, 2017 – API applauded action by the U.S. House of Representatives to approve legislation that would streamline the FERC permitting process for the construction and approval of natural gas pipelines.

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API honored to lead committee to host 2020 World Petroleum Congress in Houston

WASHINGTON, D.C., July 19, 2017 – API with the support of its member companies is honored to join Houston Mayor Sylvester Turner in leading the U.S. National Committee of the World Petroleum Council as it hosts the 2020 World Petroleum Congress in Houston. This prestigious global event is an opportunity for industry and government leaders to discuss the advances in energy technologies and their benefits around the world. 

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API and a business coalition of more than 140 organizations call on Congress to pass ozone relief legislation

WASHINGTON, July 18, 2017 – The American Petroleum Institute and a coalition of 146 associations and businesses representing a broad cross-section of U.S. industries signed a letter sent today to Congressional leadership affirming strong support for the Ozone Standards Implementation Act of 2017. The House is scheduled to vote on the bill later today.

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API: Modernizing NAFTA to strengthen North American energy markets will benefit consumers

WASHINGTON, July 17, 2017 – API President and CEO Jack Gerard was pleased to see the administration’s recommendations for modernizing the North American Free Trade Agreement (NAFTA) seek to preserve and strengthen North American energy markets and its benefits for consumers.
 


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API: Oil and natural gas drilling sees 62 percent increase over 2016 levels

WASHINGTON, July 12, 2017 – API today announced that estimated total wells drilled and completed in the second quarter of 2017 increased 62 percent compared to the second quarter of 2016. This includes a 41 percent increase in estimated development gas well completions and a dramatic 81 percent increase in total estimated oil well completions from year-ago levels. Total estimated oil well completions also increased 19 percent from the first quarter of 2017. Growing well completion figures could lead to an increase in U.S. oil production, which rose 62 percent from 2010 to 2016, and U.S. natural gas production which, also increased 26 percent during the same time.

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API Welcomes EPA Reconsideration of 2016 Emissions Rule

WASHINGTON, July 10, 2017 – API today reiterated its support for cost-effective regulation that target emissions of volatile organic compounds – which provide the co-benefit of methane emissions reductions – from natural gas operations. API comments came at an EPA hearing on its New Source Performance Standards (NSPS) rule where EPA received testimony on extending compliance deadlines to allow EPA to revisit the NSPS regulations finalized in 2016.

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API welcomes Interior’s efforts to make timely decisions on oil and gas project permitting

WASHINGTON, July 6, 2017 – Today, the American Petroleum Institute welcomed Interior Secretary Ryan Zinke’s order to expedite the oil and gas permitting process on federal lands. Streamlining permitting processes and decisions will improve confidence to invest in federal energy projects that will create jobs and benefit consumers.

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EPA’s proposal to lower biofuel volume is a step in the right direction, but RFS proposal reaffirms need for legislative reform

WASHINGTON, July 5, 2017 – The American Petroleum Institute welcomed EPA’s proposal to slightly lower the total biofuel volume for 2018 but says that move does not go far enough. API today called for congressional reform of the Renewable Fuel Standard because the primary goals of the RFS have been achieved, not by ethanol mandates but market forces and technological innovations, leaving the policy with only hypothetical benefits and added costs to consumers. 

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