Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Friday, March 14, 2014

Penn Enerjgy's Top Oil & Gas News 3/14

Top Oil & Gas News
South Korea to spend $1.8 billion to build world's fourth largest oil hub
South Korea plans to construct the world's fourth largest oil hub as it aims to become a major oil trading post with a total capacity of 56.6 million barrels, South Korea's largest news outlet Yonhap News Agency reported. South Korea began expanding its number of oil storage facilities by opening a location in Yeosu in 2013 with the capacity to hold up to 8.2 million barrels of oil.
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PennEnergy Video News Update
From Malta's offshore exploration incentives, to oil sands challenges in Utah and Alberta, to Petrobras' billion-dollar investment plan, 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
• BP using mini crude oil refinery to evade export ban
• Malta offers incentives to European offshore exploration companies
• Oil sands development facing legal challenges in Utah and Alberta
• Petrobras raises $8.5 billion for offshore exploration
• The Irony of Fate, Or How I Learned My Brother Doesn’t Love Me
• Shale exploration: Magnum Hunter Resources – A refocus in US shale strategy for sustainable growth
• Seadrill agrees to sell ultra-deepwater drillship
• KrisEnergy expands offshore oil and gas footprint in Bangladesh
• GEA delivers heat exchangers for LNG production to Yamal
• Hess to appoint Terrence J. Checki to Board of Directors
• Gazprom announces gas pipeline milestone in Turkey
• Chevron highlights upstream performance at annual security analyst meeting
• Statoil awards contracts for Barents seismic
• FTTN: Oklahoma oil and gas well on track to meet projections
• RIL announces maintenance at Jamnagar crude oil refinery complex
• APPEA: Greens ignore facts in call to end shale gas development
• Energy Transfer announces open season for Bakken/Three Forks oil pipeline service
• CNPC signs agreement to establish gas pipeline company in Tajikistan

Energy Insights
Black Swan: Imagine no possessions - I wonder if you can?
John Lennon's iconic song "Imagine" has been rated #3 on Rolling Stone's list of the "500 Greatest Songs of All Time". It envisages a world where elimination of some of the major things that divide humanity - religion, nationalism, and materialism - are discarded in order to achieve global peace and harmony.
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Climbing the Mid-Career Mountain
Many experienced executives unhappy with their jobs are as afraid of tackling a mid-life career change as they would be planning an ascent of Mt. Everest – both seem distant, difficult, scary and potentially disastrous. Yet in terms of planning and execution, those looking to start a new career have much to learn from mountain climbers.
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