Friday, August 30, 2013

Penn Energy's Top Oil & Gas News 8/30


Top Oil & Gas News
Continental CEO says Keystone XL oil pipeline “not critical any longer”
“It’s not critical any longer,” Hamm told National Journal reporter Amy Harder. “They just waited too long. The industry is very innovative, and it finds other ways of doing it and other routes."
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PennEnergy Video News Update
From Dana Gas' success in Egypt, to Alberta's pipeline praise, to FTTN's production predictions, all of the week's biggest headlines are in the PennEnergy Video News Update.
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This Week's Most Popular Oil & Gas News
Review says Alberta leads in pipeline safety
Dana Gas Egypt hits 2-year gas production high
Horizon spuds oil exploration well in Papua New Guinea's Western Province
FTTN: Daily U.S. oil production to reach 5 million barrels before 2020
NuStar Energy to extend open season for South Texas crude oil project
Samsung Heavy Industries wins order for two LNG carriers
Lundin receives offshore drilling and production consent at Johan Sverdrup
Growing offshore rig count impacts demand for production technology
ExxonMobil awards oil exploration well technology license to Weatherford
New oil discovery offshore Canada for Statoil
CONSOL unveils unconventional oil and gas development plan in Pittsburgh
Additional work for offshore oil and gas production platform
Angola: Fugro awarded contract by Total for offshore drilling unit positioning
Crude oil production, petroleum demand up in July

Energy Insights
All Energy, All the Time: 102 million tiny violins…
It’s weird to compare this week’s lease sale with sales that happened more than a decade ago. Several factors are different, & not just the amount of money generated.
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Interliance Insights: “Can’t Fail” Management
The public’s demand for ever-higher levels of safety and environmental performance is forcing regulators to change their approach to “can’t fail” functions—those critical company activities sharing the goal of never, ever experiencing catastrophic failure.
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