PennEnergy's Daily Petroleum Update 12/31

Today's Headlines

World's first coal-seam-gas to LNG facility starts up Bechtel has successfully converted natural gas from coal seams into liquefied natural gas (LNG) ready for export, a world first. …more>>

US oil and gas rig count plummets 35 to 1,840 Of the major oil- and gas-producing states, Oklahoma gained four rigs, Ohio rose by two and Louisiana and Colorado were up one each. …more>>

Judge: No proof gas drilling tainted well water A federal judge has ruled against nine southern New York homeowners who claimed their drinking water was contaminated by a nearby natural gas well. …more>>

BP begins oil production at Kinnoull field in central North Sea BP announces the start of production from the Kinnoull field in the central North Sea - BP’s seventh and final major upstream project start-up in 2014. …more>>

Petrobras declares commerciality of offshore development in Santos Basin The total estimated recoverable volumes of these fields exceed 5 billion barrels of oil equivalent. …more>>

First oil from the Brynhild field, offshore Norway Lundin Petroleum produces first oil from the Brynhild field offshore Norway …more>>

Eni, Saras signs agreement for transfer of petrochemical plants Eni announced the signing of a firm agreement with Saras that officially formalizes the transfer of the plants at the Sarroch site. …more>>