PennEnergy's Daily Petroleum Update 12/15

Today's Headlines

EIA: Despite lower crude oil prices, U.S. crude oil production expected to grow in 2015 Some of the most active production fields in the country are in North Dakota. …more>>

Concern regarding OPEC grows as oil prices fall Oil prices hit a new five-year low Dec. 10 following the Organization of Petroleum Exporting Countries' reduced crude oil production estimates for 2015. …more>>

Eni announces hold on Saipem stake assessment Recently, market conditions have become increasingly volatile, leading Eni to put on hold this assessment whilst still confirming the above strategy. …more>>

Oil spill in Bangladesh threatens aquatic animals Authorities in Bangladesh were urgently assessing environmental damage in one of the world's largest mangrove forests on Friday after an oil tanker sank. …more>>

APPEA: COAG dismissal another nail in the domestic gas reservation coffin APPEA says COAG’s firm dismissal of possible gas market interventions is clear recognition such calls present no viable way to securing gas supply. …more>>

Taipan updates on Badada well progress In June of this year, the GW-190 land rig successfully completed the drilling of the Sala-1 discovery in Block-9 of the Anza Basin, Kenya. …more>>

Nord Stream wins Platts award for midstream industry leadership The Platts Energy Awards recognise companies in the energy industry that demonstrate outstanding leadership, innovation and operational excellence. …more>>

Move to Sugar Land key for OMNI Flow innovators The purpose built contemporary office and production facility on Cardinal Meadow offers nearly 40,000 sq feet of flexible space planning. …more>>