PennEnergy's Weekly Petroleum Update 1/2

Top Oil & Gas News
US oil and gas rig count plummets 35 to 1,840 Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. plunged by 35 last week to 1,840. …more>>
PennEnergy Video Year in Review From a pipeline attack in Egypt, to findings from offshore Cyprus drilling, to another company leaving a shale play, all of the biggest oil and gas headlines are in the PennEnergy Video News Update. …more>>
This Week's Most Popular Oil & Gas News World's first coal-seam-gas to LNG facility starts up Algeria calls for OPEC to cut oil production BP begins oil production at Kinnoull field in central North Sea Judge: No proof gas drilling tainted well water Company withdraws Lake Hefner oil drilling proposal Libya FM: Extremists seek to capture oil and gas resources As oil prices fall, Alaska governor halts project spending Petrobras authorized to start early offshore production in Buzios field