PennEnergy's Daily Petroleum Update 1/15

EPA: Proposal strengthens preparedness level and response to oil spills The Agency proposes amendments to Subpart J of the National Oil and Hazardous Substances Pollution Contingency Plan. … Continue Reading Share:

Shell, Qatar shelve petrochemical project as oil prices fall Shell said in a statement that high costs made the Al Karaana plant "commercially unfeasible, particularly in the current economic climate prevailing in the energy industry." … Continue Reading Share:

EIA: Market expectations of oil price uncertainty have increased in recent months December was the sixth consecutive month in which monthly average Brent crude oil prices decreased. … Continue Reading Share:

GP Strategies completes liquefied natural gas loading facility The facility provides access to new LNG distribution in British Columbia. … Continue Reading Share:

API: Additional regulations on gas drilling methane are unnecessary API says methane emissions from oil and natural gas production are falling, and new regulations on methane proposed by the Obama administration could disrupt America’s energy renaissance. … Continue Reading Share:

Eni signs agreements for new offshore exploration blocks in the Egyptian Mediterranean The agreements relaunch Eni’s exploration activities offshore Egypt. … Continue Reading Share: