PennEnergy's Top Oil & Gas News 12/13

Top Oil & Gas News
	Barclays sees 6% oil and gas exploration spending increase for 2014 Barclays Bank has released an oil and gas forecast for 2014 that sees companies spending $723 billion to increase exploration and production. This is a 6.1% increase over 2013 spending. Full Article Share:
	PennEnergy Video News Update From the push for offshore exploration in North Carolina, to the filling of the Gulf Coast Pipeline, to the lease of Dominion's Marcellus acreage, 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
• TransCanada begins filling 700,000 bpd capacity Gulf Coast oil pipeline
• Marcellus shale region will provide 18 percent of U.S. natural gas production
• Offshore oil drilling would bring 55,000 jobs to NC economy
• Dominion leases 100,000 acres of Marcellus shale for natural gas drilling
• Phase 1 of Tangshen LNG project becomes operational
• Saipem approves sale of offshore production vessel to Eni
• Petroamerica announces gas production start-up and exploration well casing
• Encana to grow liquids production by 30%
• Talisman sells Colombia oil pipeline to investment group
• IHS: Upstream oil and gas facility costs hold at near record levels
• Aramco opens R&D center in Boston area
• New offshore oil and gas discovery for Eni in Barents Sea

Energy Insights

All Energy, All the Time: Starting Over I just can’t kick the hypothetical idea of Shell selling consumer solar panels, and when presented with the argument that “it’s not in keeping with their business strategy,” I can’t help but respond, “So, change your business strategy.” Full Article