PennEnergy's Daily Petroleum Update 12/30

Today's Headlines
Algeria calls for OPEC to cut oil production Algeria's oil minister on Sunday called on OPEC to cut production and raise the price of oil, which has plunged dramatically in the last six months. …more>>
Company withdraws Lake Hefner oil drilling proposal An Oklahoma City oil company has withdrawn its application to drill on the south side of Lake Hefner. …more>>
Libya FM: Extremists seek to capture oil and gas resources Libya's foreign minister said extremist groups are making a renewed push to seize oil resources. …more>>
As oil prices fall, Alaska governor halts project spending Alaska Gov. Bill Walker has halted new spending on six high-profile projects, pending further review. …more>>
Keppel AmFELS to build one of world’s largest oil drilling rigs for over $100 million The rig will be capable of operating in harsh conditions. …more>>
Hearings set in South Dakota on proposed oil pipeline The Dakota Access Pipeline would stretch from the Bakken formation to Patoka, Illinois. …more>>
NY sets hearing dates for natural gas pipeline New York regulators have scheduled three public hearings on state permits for the planned Constitution Pipeline. …more>>
Petrobras authorized to start early offshore production in Buzios field Petrobras submitted its declaration of commerciality for the field in December 2013. …more>>