PennEnergy's Daily Petroleum Update 8/21

Today's Headlines
Libya's largest oil depot begins exports The central government had resolved a dispute last month with militias in the country's east that had caused exports from two of the country's oil ports to stop for almost a year. …more>>
Algeria oil and gas exports drop 9 percent in first quarter Algeria's central bank said exports of oil and natural gas dropped 9 percent in the first quarter compared to last year. …more>>
Oil production shut down on Troll C Statoil shut down production on the Troll C platform in the North Sea after an inspection program detected corrosion damage to a pipe. …more>>
PanTerra enters agreement to acquire additional oil and gas production assets The Acquisition provides the Corporation an entrance into the Central and Southern Alberta foothills areas. …more>>
Continued success for Contact Exploration's Kakwa Development The New Wells have undergone testing for a longer duration than Contact's previous Kakwa wells in order to assist with the recovery of the additional frac water volumes. …more>>
BP hires new CEO to improve competitiveness of onshore oil and gas assets BP announced today that it has named David Lawler chief executive officer of its US Lower 48 Onshore business. …more>>
US government sells 400,000 acres offshore Texas The federal government has sold more than 400,000 acres in the Gulf of Mexico off the Texas coast for oil and gas exploration and development. …more>>
EMAS AMC awarded a three-year frame agreement for subsea installation in UK EMAS AMC has been awarded a three-year frame agreement with Apache North Sea Ltd. for offshore construction services. …more>>