PennEnergy's Daily Petroleum Update 10/27

Today's Headlines
Venezuelans brace for slump in oil prices The falling oil prices that are providing relief to drivers around the world threaten to bring more misery to Venezuelans, whose country depends almost exclusively on oil revenue. …more>>
New Mexico weighs allowing reuse of drilling water Environmental regulators are considering a rule that would allow oil companies to reuse water that's already flowed through drilling operations. …more>>
Chevron announces oil discovery in deepwater U.S. Gulf of Mexico The Guadalupe prospect adds to Chevron's portfolio in the prolific Lower Tertiary Trend. …more>>
Technip and Fluor awarded oil refinery project in Malaysia The Fluor and Technip joint venture will be responsible for the utilities, interconnecting and offsites scope of work. …more>>
CNOOC Limited announces new offshore oil discovery in Bohai CNOOC Limited announced that the Company made a mid-to-large new discovery Jinzhou 23-2 in Bohai. …more>>
Statoil takes on offshore gas exploration in Australia Statoil continues to expand in Australia, with the award of 100% equity share in a large exploration permit. …more>>
Petrobras announces offshore oil and gas discovery This well is located 81 km offshore the city of Vitoria and lies within the Golfinho production concession area. …more>>
APPEA: RET negotiations must deliver sensible outcome for oil and gas industry Appea says negotiations to secure bipartisan political support for Renewable Energy Target reforms must deliver sensible outcomes for Australia’s oil and gas industry. …more>>