Offshore energy development works for the states – all of them. The U.S. Interior Department recently announced that $61.6 million in revenues from offshore oil and natural gas will be distributed to all 50 states, U.S. territories and the District of Columbia – via grants that support state conservation and outdoor recreation projects. Ponder that: You don’t… Keep reading →
For some time we’ve stressed that offshore oil and natural gas production is compatible with a variety of other ocean uses such as fishing and tourism – and most significantly, with the U.S. military’s need for open-water areas to conduct training exercises, advanced weapons testing and the like. Industry has a long track record of developing offshore… Keep reading →
The past week or so we’ve talked a lot about how natural gas and oil help Americans power past the impossible – meeting the challenges of today and building a path to a better future. See API’s 2018 annual report, check out our keynote video and listen to API President and CEO Jack Gerard’s State of American Energy remarks. All point… Keep reading →
Keeping our workforce safe is just one area of continuously improving safety that the natural gas and oil industry works hard on every day. Whether it’s checking pipelines for potential damage, transporting products via rail car, storing natural gas supplies underground, or producing in deepwater, our industry is committed to safe operations as a core… Keep reading →
As shut down notices continue to roll in, it appears that the level of damage wrought by Hurricane Harvey to oil and gas infrastructure along the Gulf Coast may vary significantly by asset class in the final analysis.
Hurricane Harvey is moving through the Gulf of Mexico, home to nearly 20 percent of total U.S. crude oil production, and toward the Texas coast, where more than 25 percent of U.S. refining capacity is located. We don’t know exactly where the storm will come ashore, but since the Gulf Coast is the largest domestic supplier of… Keep reading →
Here’s the case for expanded opportunity within a new offshore oil and natural gas leasing program that federal officials are assembling: Safely developing American oil and natural gas on the outer continental shelf (OCS) is vital to the United States’ long-term energy and national security. We need new access to offshore areas, such as the… Keep reading →
EIA forecasts that most of the growth in U.S. crude oil production through the end of 2018 will come from tight rock formations within the Permian region in Texas and from the Federal Gulf of Mexico.
The Obama administration’s decision last week to eliminate the Atlantic from the next federal offshore leasing plan is a step backward for American energy policy. Despite bipartisan support in Congress and from voters in coastal states, the administration is doubling down on a shortsighted policy that keeps 87 percent of federally controlled offshore acreage off limits to energy… Keep reading →
Safe, responsible energy development in the Gulf of Mexico is vital to the U.S. economy and job growth, as well as U.S. energy and national security. Each of these points likely will come up during a U.S. House Natural Resources Committee hearing on the impact of federal policies on energy production and economic growth in… Keep reading →
