PennEnergy's Top Oil & Gas News 12/5

Top Oil & Gas News

Putin says Russia will scrap South Stream gas pipeline Amid spiraling tensions with the West, Russian President Vladimir Putin announced Monday that Moscow is spiking a multibillion dollar gas pipeline project for southern Europe and will focus instead on boosting its energy ties with Turkey. …more>>

PennEnergy Video News Update From Russia walking away from South Stream, to a new study on crude by rail, to the death of an American oil worker in egypt, all of the week's biggest headlines are in the PennEnergy Video News Update. …more>>

This Week's Most Popular Oil & Gas News Study: more to do as oil trains pose new risks Iraqi government reaches major oil deal with Kurds Egypt militant group says it killed US oil worker Saipem: No termination notice for South Stream gas pipeline project Plunging oil prices hammer energy companies Texas towns test oil and gas supremacy on fracking Dominion: Gas pipeline means $25M in property taxes Chevron announces first oil from Jack/St. Malo offshore development Monarch Oil Pipeline launches non-binding open season for new crude pipeline Flint Hills Resources breaks ground on new project at Corpus Christi oil refinery New allowance secures future oil and gas projects in UK North Sea