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American Petroleum Institute Stories
Gulf drilling leases go on sale in Dec.
August 31, 2011
'' We are hopeful that this does not discourage investment in these vital domestic resources,'' said Erik Milito, a senior official at the American Petroleum Institute, a...
Big Oil plans rapid response to future spills
July 21, 2010
The American Petroleum Institute says that ExxonMobil, Chevron Corp., Conoco Phillips and Shell Oil have agreed to pool $1 billion to form a new company that would respond to...
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The American Petroleum Institute, commonly referred to as API, is the main U. S trade association for the oil and natural gas industry, representing about 400 corporations involved in production, refinement, distribution, and many other aspects of the petroleum industry. The association’s chief functions on behalf of the industry include advocacy and negotiation with governmental, legal, and regulatory agencies; research into economic, toxicological, and environmental effects; establishment and certification of industry standards; and education outreach. API both funds and conducts research related...
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