PennEnergy's OIl & Gas Update 11/24

Today's Headlines
1 dead, 3 injured after explosion on Gulf of Mexico offshore oil platform (VIDEO) The Bureau of Safety and Environmental Enforcement said Fieldwood Energy reported the explosion on its Echo Platform just before 3 p.m. about 12 miles off Louisiana's coast. …more>>
US oil and gas rig count up 1 to 1,929 Of the major oil- and gas-producing states, Oklahoma gained seven rigs, Texas increased by four, Pennsylvania was up three and Alaska and Louisiana increased one each. …more>>
Technip to supply flexible pipes for Tupi BV Iracema North offshore development Aiming to meet pre-salt challenges, the contract covers the supply of 114 kilometers of flexible pipes, including: gas lift, gas injection and gas export lines. …more>>
Statoil announces time-out in Kwanza offshore exploration drilling program Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola. …more>>
Petrobras starts-up FPSO Cidade de Ilhabelha in Santos Basin pre-salt The offshore platform Cidade de Ilhabela started-up in the Santos Basin pre-salt field of Sapinhoa. …more>>
Apache selling oil and gas assets for $1.4 billion The Houston-based company is selling its interest in approximately 90,000 acres in southern Louisiana and roughly 115,000 acres in the Anadarko Basin. …more>>
PennWell’s Petroleum Group wins business marketing award PennWell’s Petroleum Group won an award from the Business Marketing Association – Houston chapter at the 2014 Lantern Awards of Texas. …more>>
Ineos to invest $1B in UK shale gas exploration Chemicals firm Ineos has announced plans to invest 640 million pounds ($1 billion) in shale gas exploration in Britain. …more>>