PennEnergy's Daily Petroleum Update 11/5

Today's Headlines

Oil prices tumble on Saudi discount move Oil prices slumped to multi-year lows Tuesday after Saudi Arabia discounted supplies to the U.S., shaking an already volatile market. …more>>

North Dakota tribe to drill its own oil wells The Mandan, Hidatsa and Arikara Nation is planning to drill the first tribe-owned oil wells on its North Dakota reservation next year. …more>>

Enbridge: 2010 oil spill cleanup cost $1.21B The leak was discovered in the Kalamazoo River and Talmadge Creek near Marshall in July 2010. …more>>

Madalena announces new oil and gas discovery in Canada The company also announces continued drilling success in Argentina’s Vaca Muerta shale. …more>>

Plains All American and Enterprise Products announce Eagle Ford gas pipeline expansions The joint venture is constructing a new gathering system, expanding the mainline between Three Rivers and Corpus Christi, and constructing a new deep water terminal. …more>>

CB&I announces contract renewal for plant services CB&I has been awarded a contract renewal for long-term maintenance, operations and other industrial services at a facility in Geismar, Louisiana. …more>>

TransCanada proceeding with enhancements to Canadian Mainline gas pipeline system TransCanada Corporation announced today that it is moving forward with its Vaughan pipeline project and associated facilities as part of $475 million in pipeline and facility expansions. …more>>

Centrica to name temporary head of British Gas business Centrica plans to promote one of its managing directors to temporarily head up its British Gas business, progressing with a board reshuffle that started earlier this year. …more>>