PennEnrgy's Top Oil & Gas News 4/25

Top Oil & Gas News
	Explosion shuts down Williams gas processing plant in Wyoming Williams Partners L.P. and Williams reported an explosion and fire at approximately 2 p.m. Mountain Time at their natural gas processing facility in Lincoln County, Wyo., near the town of Opal. There were no reported injuries or damage to property outside the facility. Full Article Share:
	PennEnergy Video News Update From Osaka Gas' interest in US shale, to Hess' Thailand asset sale, to a big acquisition in Kansas for Worthington, 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
• Hess announces sale of Thailand oil and gas assets
• BP to sell interest in four Alaska North Slope oil and gas assets
• Worthington Energy acquires oil and gas leases in Kansas
• Osaka Gas may invest in US shale gas development
• Summit Natural Gas completes 68-mile pipeline
• APPEA: Time to lift barriers on New South Wales natural gas development
• Gazprom and Austria discuss alternative Russian gas routes to Europe
• Lukoil agrees to exploration in Kalmykia
• Gazprom and Turkey look into possible gas pipeline capacity increase
• Aker Solutions and Baker Hughes form subsea production alliance
• Century Energy completes sale of Vawn oil exploration assets
• Technip agrees to sell majority share in Seamec
• First oil from Russian Arctic shelf offshore field loaded

Energy Insights

Skills shortage main challenge for oil & gas employers in 2014 Oil and gas industry employers in the UK are facing significant skills shortages according to the Oil & Gas Global Salary Guide, and over 65 percent (68.1%) of employers plan to increase headcount in 2014, exacerbating the already skill-short market, adding pressure to increase salaries to attract candidates, which is based on data from 24,000 respondents. Full Article Share:

Black Swan: How Quickly will the Electric Vehicle Revolution Come? In a previous posting I stated my belief that the pure electric vehicle was the way of the future and that this sector of the automobile industry would grow more or less continuously for the foreseeable future. I decided to do a bit more investigation into how quickly that could happen given trends in vehicle sales over the past few years. I also decided to look into what has been happening with fuel economy rates given that retail gasoline prices have more than doubled in North America in the last ten years. Unfortunately, what I found was not terribly encouraging. Full Article