PennEnergy's Daily Petroleum Update 12/9

Today's Headlines
US natural gas production to plateau by 2020? University of Texas researchers disagree with EIA's natural gas production estimates with findings that predict production could plateau by 2020 …more>>
First oil for Jack development in US Gulf of Mexico The Jack field in the deepwater US Gulf of Mexico was discovered in 2004 and has an expected life time of 30 years, primarily producing oil …more>>
Petronas delays decision on LNG export facility Petronas said it will delay a decision on whether to build a liquefied natural gas (LNG) export plant in British Columbia, Canada. …more>>
Supreme Court rejects BP appeal of oil spill settlement The Supreme Court is leaving in place BP's multibillion-dollar settlement over the 2010 oil spill in the Gulf of Mexico …more>>
Eni starts production at West Hub Development, deep offshore Angola The field is currently producing 45,000 barrels of oil per day (bopd), with production ramp-up expected to reach up to 100,000 bopd in the coming months …more>>
Baker Hughes Announces November 2014 Rig Counts Baker Hughes shows international rig counts for November 2014 are up month-over-month and year-over-year …more>>
Distillation for dollars: hopes renewed for repeal of the US crude export ban Hopes renewed for repeal of the US crude export ban, but is the sector prepared for a new energy renaissance? …more>>
SAL completes heavy contract for Ichthys LNG project SAL Heavy Lift GmbH has successfully completed a series of complex and sensitive shipments totaling more than 100,000frtts for the Ichthys LNG Project …more>>