Business View Magazine l January 2023

51 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 12 AMERICAN PETROLEUM INSTI TUTE ( API ) : SETTING T GOLD STAN s diverse as the oil and gas sector is, one organization, the American Petroleum Institute (API) helps to provide clarity and industry cohesion. The American Petroleum Institute (API) is a global leader in standards-setting that convenes subject matter experts across industry segments to establish, maintain, and distribute consensus standards for the oil and gas industry. API develops standards using American National Standards Institute accredited processes, guaranteeing recognition for technical rigor and third-party accreditation and facilitating acceptance by state, federal, and increasingly international regulators. Alexa Burr, VP of API’s Standards and Segment Services Group, shares more details about the API. “API began in 1919 as a trade association and today has around six hundred members coming from all segments of the oil and natural gas industry including upstream exploration and production, midstream transportation of fuels and petroleum products, and downstream refining and petrochemical activities.” A The leading organization to represent the diverse oil and gas industry