Penn Energy Latest News
Oil and Gas: Shell preparing for world economy that shifts away from oil
Fri, 28 Jul 2017 23:00:00 GMT

Royal Dutch Shell is planning for the day when demand for oil starts fading as major economies move away from oil and increasingly turn to electric-powered cars, Chief Executive Ben van Beurden said Thursday.

Oil and Gas: Eni returns to profit in second quarter as output grew
Fri, 28 Jul 2017 23:00:00 GMT

Italian oil and gas company Eni returned to second-quarter profits as it ramped up new production in three regions amid ongoing pricing volatility.

Oil and Gas: Gas storage deemed safe after blowout but challenge looms
Fri, 28 Jul 2017 23:00:00 GMT

The fight over reopening a massive gas storage facility that has been crippled since a major blowout is heading to court.

Oil and Gas: Suit challenges Mountain Valley Pipeline, federal agency
Fri, 28 Jul 2017 23:00:00 GMT

A newly filed lawsuit is seeking to stop federal regulators from granting the developers of the proposed Mountain Valley Pipeline the power of eminent domain.

Oil and Gas: Exxon 2Q profit doubles from a year ago but misses forecasts
Fri, 28 Jul 2017 23:00:00 GMT

Exxon Mobil Corp. cut spending on oil exploration, helping boost earnings to $3.35 billion in the second quarter, doubling its historically low profit of a year ago.

Oil and Gas: Brazil police arrest former Petrobras CEO in graft probe
Fri, 28 Jul 2017 23:00:00 GMT

Brazilian police have arrested a former CEO of state oil company Petrobras on suspicion of receiving bribes from a construction company involved in a sprawling corruption scandal.

US Gulf of Mexico drilling rig count holds steady at 23
Fri, 28 Jul 2017 20:41:00 GMT

The US Gulf of Mexico rig count remained unchanged over the past week, holding steady at 23.

Hellenic advances turnaround at Elefsina refinery
Fri, 28 Jul 2017 19:35:00 GMT

Hellenic Petroleum SA has decided to bring forward major planned maintenance at its 100,000-b/d Elefsina refinery in Elefsis, Greece, following an unexpected shutdown of the plant’s hydrogen production unit in early July.

Oasis to expand Wild basin gas processing, crude gathering plants
Fri, 28 Jul 2017 19:31:00 GMT

The North Dakota Public Service Commission (NDPSC) has approved Oasis Midstream Services LLC, a subsidiary of Oasis Petroleum Inc., Houston, to expand capacities of its Wild basin natural gas processing and crude stabilization plants in McKenzie County, ND, about 6 miles northeast of Watford City.

US oil rig count up just 2 as firms ponder second-half activity
Fri, 28 Jul 2017 18:28:00 GMT

The US drilling rig count is seesawing between gains and losses.

Layne Christensen completes high-capacity water pipeline in Delaware Basin
Fri, 28 Jul 2017 17:18:00 GMT

Layne Christensen has completed its high-capacity water pipeline and infrastructure system serving energy producers in the Delaware Basin in West Texas.

Ecopetrol makes hydrocarbon discovery in US Gulf of Mexico
Fri, 28 Jul 2017 17:07:00 GMT

Ecopetrol SA has made a hydrocarbon discovery in the Warrior-2 well, in the Gulf of Mexico deepwater.

EQT halts Utica test to focus on Marcellus
Fri, 28 Jul 2017 16:57:00 GMT

EQT Corp., Pittsburgh, has suspended a test program in the Utica shale to concentrate on drilling in the Marcellus shale boosted by its planned acquisition of Rice Energy Inc., Canonsburg, Pa.

Utility supplies: Termination kits now shipping
Fri, 28 Jul 2017 16:38:00 GMT

Utility tools: Platinum Tools launches new ezEX-RJ45 Termination Kits. The four kits are now shipping and will be featured during CEDIA Expo 2017.

ONGC reports five discoveries in second quarter
Fri, 28 Jul 2017 16:35:00 GMT

India’s Oil & Natural Gas Corp. Ltd. reported five discoveries during the first quarter of its fiscal year. Three were offshore.