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2015-04-14 20:05:00

OPERATIONS ARE SAFER

OPERATIONS  ARE  SAFER

Advances in technology, standards and practices in the last five years have made America's offshore #oil and natural #gas industry safer than ever, #API President and CEO Jack Gerard told reporters on a press conference call today.

"Our goal is zero accidents and zero spills," said Gerard. "Our daily commitment is one of constant improvement until that goal becomes reality. The millions of men and women who work in our industry – and all Americans whose lives are powered by oil and natural gas – deserve no less."

Gerard highlighted a number of actions the industry has taken, which began immediately after the Macondo incident in 2010 with a comprehensive review of existing practices to improve accident prevention, intervention and response.

"The industry's overall safety record was strong before Macondo, and the co-chairs of President Obama's national spill commission were absolutely right when they said that offshore drilling is now even safer," said Gerard. "We will continue to build on these achievements because our goal is zero accidents and zero spills."

Since 2010, API has published more than 100 new and revised industry standards for safe exploration and production. The Center for Offshore Safety, created in 2011, works to share best practices and help companies build enhanced safety programs, which are based on an API standard and now required by federal regulation.

"Producing more oil and natural gas here at home has not only grown our economy," said Gerard. "It has strengthened our national security and made the U.S. a world leader in energy. One thing makes all of this possible: the ability to develop our energy resources safely and responsibly."

Joining Gerard on the call were Randall Luthi, president of the National Ocean Industries Association, and Stephen Colville, president and CEO of the International Association of Drilling Contractors. Luthi and Colville's comments focused on advances in well containment technology and capabilities and drilling safety.

API represents all segments of America's oil and natural gas industry. Its more than 625 members produce, process, and distribute most of the nation's energy. The industry also supports 9.8 million U.S. jobs and 8 percent of the U.S. economy.

api.org

Tags: U.S., OFFSHORE, OIL, GAS, API

Chronicle:

OPERATIONS  ARE  SAFER
November, 22, 11:05:00

NIGERIA & CHEVRON PROJECT &1.7 BLN

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing Agreement that would increase crude oil production in the country by about 39,000 barrels per day.

OPERATIONS  ARE  SAFER
November, 22, 11:00:00

MAERSK-AKER-HALLIBURTON ALLIANCE

OGJ - Maersk Drilling and Aker BP announced a drilling rig alliance based on a tripartite collaboration model that also includes service provider Halliburton Co.

OPERATIONS  ARE  SAFER
November, 20, 09:35:00

OIL PRICE: ABOVE $62 YET

REUTERS - Brent crude futures LCOc1, the international benchmark for oil prices, were at $62.56 per barrel at 0439 GMT, down 16 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $56.59 a barrel, up 4 cents, or 0.1 percent, from their last settlement.

OPERATIONS  ARE  SAFER
November, 20, 09:30:00

ROSNEFT'S WORLD RECORD: 15000 M

Rosneft as a member of Sakhalin-1 Consortium successfully completed drilling of the world's longest well from Orlan platform at Chaivo field in the Sea of Okhotsk. The length of the well with horizontal completion is 15000 m which currently is a world record. This is a supercomplex well with DDI (Directional drilling index) of 8.0 and 14,129 m stepout.

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