PennEnergy's Top Oil & Gas News 7/5

Top Oil & Gas News
	Saipem oil rig sinks offshore Angola The emergency procedures were promptly activated last night to ensure the evacuation of the personnel on-board. After the sudden and significant tilting, among the 103 crew members, one was recorded missing and another six incurred minor injuries. Full Article Share:
	PennEnergy Video News Update From BP's refinery upgrade, to Azerbaijan's pipeline hopes, to Statoil's Eagle Ford addition, all of the week's biggest headlines are in the PennEnergy Video News Update. Full Article Share:

This Week's Most Popular Oil & Gas News
• BP starts up new crude oil processing unit at Whiting Refinery
• Azerbaijan welcomes natural gas pipeline announcement
• Statoil takes over operatorship in Eagle Ford shale play
• Enbridge restarts Athabasca oil pipeline
• Chesapeake completes oil exploration joint venture with Sinopec
• ConocoPhillips offshore oil production interest sale pre-empted
• Offshore oil drilling vessel Blue Guardian heads to North Sea
• PBF refinery gets safety recertification
• Wenchang offshore oil field starts production for CNOOC
• New offshore pipe laying contract for Subsea 7
• Aker Solutions wins largest UK subsea production contract

Energy Insights

All Energy, All the Time: I was told there’d be cheap gas… For the average American, the shale revolution has meant pipeline projects, local spills, and shouting matches on Capitol Hill. It has not meant cheap gas. And that’s how it’s been sold to us, as cheap gas. Full Article Share:

Governing Energy: Sending the Message Leadership begins at the top. How the upper management sets the environment is how the organization will respond. Executive leadership is faced with two major challenges when implementing transformative change; staying the change course and assuring its verbal/non-verbal messages and those of key personnel do not send mixed messages. Full Article