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Extended Offshore Energy Moratorium Denies Thousands of New American Jobs and Billions of Dollars in Potential Revenue

WASHINGTON, September 25, 2020 – The American Petroleum Institute (API) issued the following statement today following the Trump administration’s announcement to extend the existing offshore moratorium in the Eastern Gulf of Mexico to include additional areas off the Atlantic Outer Continental Shelf (OCS) through the year 2032.

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API Statement on House Energy Bill

WASHINGTON, September 24, 2020 – The American Petroleum Institute (API) released the following statement ahead of the expected House passage today of H.R. 4447, the Clean Economy Jobs and Innovation Act.

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API Publishes Updated Safety Standard to Foster Safe Transfer of Petroleum Products at Storage Facilities

WASHINGTON, September 17, 2020 – The American Petroleum Institute (API) today released the fifth edition of API 2350, a key safety standard designed to help operators of oil storage facilities implement comprehensive overfill prevention systems (OPS), which ensure that oil and other products are transferred to storage tanks safely, without overfilling or mechanical damage.

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API’s August Monthly Statistical Report Shows U.S. Energy Markets are Rebalancing, Remain Fragile

WASHINGTON, September 17, 2020 – The U.S. returned to being a net energy exporter in August despite disruptions from Hurricane Laura and ongoing uncertainty over the pandemic, according to data released today in the American Petroleum Institute’s August 2020 Monthly Statistical Report and Q3 2020 Industry Outlook. Higher demand and lower supply translated into lower crude oil inventories and further illustrated the gradual rebalancing of the market.

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New Analysis Shows New Mexico Among Hardest Hit States by Proposal to Ban Federal Land Leases

SANTE FE, NEW MEXICO, September 9, 2020 – The New Mexico Oil and Gas Association (NMOGA) and the American Petroleum Institute (API) today released a new analysis warning of negative consequences for New Mexico if a ban on federal leasing and public lands were to take effect. New Mexico, which accounts for 57 percent of federal onshore oil production and 31 percent of onshore natural gas production, is projected to be among the states hardest hit, losing over 62,000 jobs by 2022. With nearly 40 percent of the state’s budget funded by natural gas and oil production, a ban could put at risk more than $1 billion of federal revenue sharing which helps support New Mexico’s education and conservation programs.

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New Analysis Shows Gulf Coast States Among Hardest Hit by Proposal to Ban Federal Leasing and Offshore Development

WASHINGTON, September 9, 2020 – The Texas Oil and Gas Association (TXOGA), Louisiana Mid-Continent Oil and Gas Association (LMOGA) and the American Petroleum Institute (API) today released a new analysis warning of negative consequences from a proposed ban on federal leasing on natural gas and oil development on public lands and waters. The offshore Gulf of Mexico accounts for over 15 percent of U.S. oil production. The analysis projects local economies in the Gulf Coast region would be among the hardest hit areas with more than 200,000 job losses by 2022 and millions of dollars in reduced revenue.

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New Analysis Shows Wyoming Among Hardest Hit States by Proposal to Ban Federal Land Leases

CASPER, WYOMING, September 9, 2020 – The Petroleum Association of Wyoming (PAW) and the American Petroleum Institute (API) today released a new analysis warning of negative consequences for Wyoming if a ban on federal leasing and public lands were to take effect. Wyoming, which accounts for 38 percent of federal onshore natural gas production and 16 percent of oil production, is projected to be among the states hardest hit, standing to lose more than 33,000 jobs and putting $640 million in state federal revenue sharing at risk.

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New Analysis Shows Ban on Leasing and Development on Federal Lands and Waters Would Threaten U.S. Energy Security, American Jobs and Environmental Progress

WASHINGTON, September 9, 2020 – The American Petroleum Institute (API) today released a new analysis warning of negative consequences from a proposed ban on federal leasing on natural gas and oil development on public lands and waters. The analysis projects that a ban would shift the U.S. to foreign energy sources, cost nearly one million American jobs, increase CO2 emissions and reduce revenue that funds education and key conservation programs.

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API: Offshore Energy Moratorium is ‘Wrong Approach at the Wrong Time’

WASHINGTON, September 8, 2020 – The American Petroleum Institute (API) issued the following statement in response to today’s announcement by the Trump administration to extend the moratorium on the Eastern Gulf of Mexico (EGOM) and expand it to the South Atlantic.

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API Signs MOU with Brazilian Technological, Certification and Standardization Group, ABENDI

WASHINGTON, August 27, 2020 – API today signed a Memorandum of Understanding (MOU) with the Brazilian technological, certification and standardization group, ABENDI, to collaborate on industry standardization with the goal of enhancing safety, environmental protection and sustainability.

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