Posts tagged ‘API’

API Updates Greenhouse Gas Emissions Guide

The American Petroleum Institute has published a new edition of its guide for estimating greenhouse gas emissions. The “Compendium of Greenhouse Gas Emissions Methodologies for the Oil and Natural Gas Industry” provides standardized methods for estimating carbon dioxide and other GHG emissions from all common sources throughout the oil and natural gas value chain.

            Accurate estimation of greenhouse gas emissions is indispensable to addressing climate change responsibly. “Unless there is a consistent reliable way to measure GHG emissions, it is hard to assess progress,” said API’s Karin Ritter, who led the industry team that updated the compendium.

            API’s tools for estimating emissions include:

  • The updated 2009 compendium of emissions estimation methodologies;
  • SANGEA software, developed and used by Chevron, for emissions estimation and inventorying; and
  • Guidelines created by the international petroleum organization IPIECA to assist in the accounting and reporting of emissions.

All three tools are available for free on API’s website:

September 14, 2009 at 9:48 pm Leave a comment

Oil Industry Supports 9MM US Jobs, 7.5% GDP

The U.S. oil and natural gas industry supports more than 9 million American jobs and makes significant economic contributions as an employer and purchaser of American goods and services, a new study by PricewaterhouseCoopers (PwC) found.

The study entitled “The Economic Impacts of the Oil and Natural Gas Industry on the U.S. Economy: Employment, Labor Income and Value Added” notes that the industry’s total value-added contribution to the national economy was more than $1 trillion, or 7.5 percent of the U.S. gross domestic product, in 2007, the most recent year for which data was available.

“The economic impact of the oil and natural gas industry reaches all 50 states and the District of Columbia,” PwC said in the report commissioned by API. “The top 15 states, in terms of the total number of jobs directly or indirectly attributable to the oil and natural gas industry’s operations in 2007 were Texas, California, Oklahoma, Louisiana, New York, Pennsylvania, Florida, Illinois, Ohio, Colorado, Michigan, Georgia, North Carolina, Virginia and New Jersey.”

API President Jack Gerard said Congress should keep the study’s findings in mind this week when it debates greater domestic oil and gas access and higher energy taxes. He noted the study emphasizes the importance the oil and natural gas industry plays in the U.S. economy and in states well beyond traditional oil and gas-producing regions.

“Congress should remember,” Gerard said, “that some of the energy tax and climate change legislation it has proposed would have a devastating impact on the industry and many of the 9.2 million American jobs it supports, as well as on the American economy and energy security.”

“The people in the U.S. oil and natural gas industry are the backbone of our economy,” Gerard said. “They provide most of the nation’s energy, spurring growth and job creation across America. At a time of economic recession, the oil and natural gas industry is actually responsible for creating more jobs and generating more revenue to the economy. Irresponsible proposals to pile new taxes on the industry threaten these jobs and the nation’s ability to produce more of its own energy. We should not put any jobs at risk, but especially not when millions of Americans already are unemployed and economic recovery remains uncertain.”

September 11, 2009 at 11:25 pm 1 comment

SMU, API Team Up to Develop Oil & Gas Leaders

SMU Cox Executive Education and the American Petroleum Institute announced an agreement that will blend the capabilities of both organizations to better prepare next-generation industry leaders for 21st century global energy demands. The new relationship will help the industry meet the changing leadership development needs mandated by today’s economic and business volatility.

“Being a global leader in oil and natural gas exploration and production requires forward-looking team leaders with the ability to manage near-term market challenges, while keeping their eye on the future,” said Jim Hackett, president, chairman and CEO of Anadarko Petroleum Corp. “Both API and the SMU Cox Executive Education programs represent high standards of excellence, and this collaboration has the potential to help develop the leadership capabilities that tomorrow’s successful oil and natural gas companies require.”

The new alliance will make SMU Cox Executive Education’s oil and gas programs available immediately to professionals at more than 400 API member companies. These programs include mastery in strategic leadership skills, strategic financial skills, and knowledge and management skills required by senior managers to tackle strategic, financial, leadership and operational issues.

It will also give SMU’s programs the benefit of the vast industry insight and knowledge resident in the API organization. By working together, API, through its API University, and SMU Executive Education provide powerful and unmatched leadership development opportunities to industry professionals around the world.

According to Frank Lloyd, PhD, associate dean of Executive Education at SMU Cox School of Business, three new trends have emerged that demand heightened excellence in oil and gas industry professional development. “First,” he said, “the demand for training in the ‘soft’ skills of leadership is outpacing that for ‘hard’ business skills like finance and accounting. In addition to delivering business results, managers at all levels are required to motivate and engage others, lead innovation and change, and make strategic decisions themselves.

“Second, developing these ‘harder’ leadership skills has become a strategic imperative that commands attention all the way to the CEO’s office. Finally, the interest is pervasive and extends to companies of all sizes in all parts of the world.”

“Our industry is at a crossroads,” said John Modine, API Director of Training and Certification Programs. “It will take leaders of extraordinary skill and wisdom to navigate the economic, regulatory and operational challenges facing the entire energy spectrum. Industry and technical certifications are a given, but these skills must be coupled with the ability to make wise decisions faster and more accurately. For that, leadership development is the key.”

Hackett agrees. “Affordable energy is fundamental to human existence, and training industry leaders to effectively address challenges and creatively find solutions is crucial in our continuing mission of finding and producing the energy resources our world needs.”

“Fortunately,” said Lloyd, “leading business schools are on the cutting edge of teaching the leadership skills that tomorrow’s oil and gas executives need to have a tangible positive impact in their companies’ successes. By combining forces with API, we at SMU Cox Executive Education continue to put the business squarely back in business school with a strong and targeted oil and gas focus.”

August 5, 2009 at 3:56 am Leave a comment

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