PennEnergy's Daily Petroleum Update 1/5

Today's Headlines
Low oil prices unlikely to hurt railroads much A collapse in oil prices won't derail the railroads' profit engine even if it does slow the tremendous growth in crude shipments seen in recent years. …more>>
Investigators look for cause of Ohio refining factory fire Investigators are trying to figure out what caused a New Year's Day fire at a Toledo-area refining factory. …more>>
GE Oil & Gas technology used in coal seam gas liquefied natural gas production GE Oil & Gas systems were used in the first-ever large-scale production of LNG from coal seam gas at BG Group’s Queensland Curtis LNG plant. …more>>
DNO finishes drilling Jawhara-3 offshore exploration well in Tunisia Norwegian oil and gas firm DNO ASA declared drilling for its Jawhara-3 well in the Sfax Offshore Exploration Permit in Tunisia is complete. …more>>
Tamarack Valley Energy announces record oil production Tamarack announced a record exit production rate averaging approximately 9,700 boe/d during the last 14 days of December, 2014. …more>>
Golar enters into agreement for second floating liquefied natural gas liquefaction vessel The Company anticipates that the conversion vessel Gimi will be delivered to Keppel shipyard in Singapore as early as Q2, 2015. …more>>
Cyprus says Turkey must stop 'bullying' over offshore gas Nicos Anastasiades said that Turkey must stop trying to impose its will on its tiny neighbor. …more>>
BLM extends comment period for proposed oil pipeline The Bureau of Land Management is giving the public more time to comment on a proposed pipeline that would be capable of moving 50,000 barrels of crude oil a day. …more>>