API – Page 3 – Oil & Gas 360

API emphasizes plan for Washington to secure a sustainable energy future

January 27, 2023

World Oil (WO) — American Petroleum Institute (API) President and CEO Mike Sommers gave remarks during the 19th Annual State of the Energy Industry Forum, hosted by the U.S. Energy Association. Sommers emphasized API’s recently announced plan for policymakers in Washington to secure a sustainable, reliable energy future and make, move and improve American energy. “Independent experts agree that global oil

API, Well Done Foundation partner to reduce emissions by plugging orphaned oil and gas wells

January 26, 2023

World Oil (WO) – The American Petroleum Institute (API) and the Well Done Foundation signed a Memorandum of Understanding (MOU) to collaborate across a range of activities related to reducing emissions and the proper plugging of orphaned or abandoned natural gas and oil wells. The MOU aims to establish cooperation and a constructive partnership between both organizations by advancing the

API unveils plan to make, move and improve American energy

January 12, 2023

World Oil (WO) — The American Petroleum Institute (API) President and CEO Mike Sommers released a new report and outlined the policies needed to make, move and improve American energy and prioritize U.S. natural gas and oil as a long-term strategic asset during API’s annual State of American Energy event. “The state of American energy is strong and resilient,” Sommers

Opinion: Energy industry already leads on reducing methane emissions

December 9, 2022

World Oil WASHINGTON, D.C.—Five years ago, the American Petroleum Institute (API) launched The Environmental Partnership (TEP). This first-of-its-kind effort brought oil and natural gas producers in the U.S. together behind a shared commitment to continuously improve the industry’s environmental performance. TEP is now implemented in 47 states by 102 participating companies that comprise 70% of America’s onshore production. Most recently,

API to Biden: Americans looking for solutions, not rhetoric

November 1, 2022

World Oil The American Petroleum Institute (API) today released the following statement from President and CEO Mike Sommers in response to President Biden’s remarks on gas prices: “Rather than taking credit for price declines and shifting blame for price increases, the Biden administration should get serious about addressing the supply and demand imbalance that has caused higher gas

API: Inflation Reduction Act falls short of addressing long-term energy needs

August 15, 2022

World Oil American Petroleum Institute (API) President and CEO Mike Sommers issued the following statement today on House passage of the Inflation Reduction Act: “While the Inflation Reduction Act takes important steps toward new oil and gas leasing and investments in carbon capture and storage, it falls well short of addressing America’s long-term energy needs and further discourages needed investment

API releases video urging Biden to tour American energy sites

July 14, 2022

World Oil WASHINGTON – As President Biden prepares to meet with Saudi officials on Friday, the American Petroleum Institute (API) released a new video once again inviting the president to visit American energy sites and support the American producers who are poised to meet the growing demand for affordable, reliable energy and lead in this global crisis instead of turning to foreign

API unveils ten-point policy plan to restore U.S. energy leadership, fuel economic recovery

June 14, 2022

World Oil WASHINGTON D.C. — The American Petroleum Institute on Tuesday released a “10 in 2022 plan”—10 policies that policymakers can advance today to unlock American energy, fuel economic recovery, and strengthen national security. Source: World Oil As energy costs and geopolitical instability around the world continue to rise, API is calling on policymakers to confront the global mismatch

Business groups urge Biden administration to support domestic energy production, offshore leasing program

June 6, 2022

World Oil The American Petroleum Institute, Consumer Energy Alliance, Louisiana Mid Continent Oil and Gas Association, National Oceanic Industry Association and U.S. Chamber of Commerce today joined with more than 80 trade groups representing a diverse cross section of industries in calling on the Biden administration to act on policies that support U.S. energy security and increase domestic production of

API: FERC policy changes would cause uncertainty and hamper LNG export, reliability goals

May 26, 2022

World Oil The American Petroleum Institute (API) filed reply comments to the Federal Energy Regulatory Commission (FERC) addressing the assertions of other commenters and continuing to express concerns that the commission’s two revised policy statements would chill investment in critical natural gas infrastructure. Increasing regulatory uncertainty and permitting delays, these policy changes directly conflict with FERC’s mandate to ensure a

API to Washington: Turn the page and embrace American natural gas and oil

April 8, 2022

World Oil During World War II, 44 oilfield workers left their homes in rural Oklahoma to lend a hand abroad. Secretly summoned by Winston Churchill to Sherwood Forest in fuel-deprived England, these men worked to drill 100 oil wells in crisis. Historians say the fuel derived from the dig helped the right side win the war and underscored America’s energy leadership.

API applauds DOE approval of two new LNG export permits

March 17, 2022

World Oil American Petroleum Institute (API) President and CEO Mike Sommers applauded the U.S. Department of Energy’s decision to approve two new liquified natural gas (LNG) export permits. “We applaud the Department of Energy for advancing two important U.S. LNG permits at this critical time in history. America is the best prepared nation to help Europe and our other allies meet rising

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