PennEnergy's Oil Petroleum Headlines 6/23

Today's Headlines Iraqi forces holding on in fight for oil refinery Iraqi soldiers and helicopter gunships appeared to be holding on after three days of battle against Sunni militants Thursday for control of Iraq's largest oil refinery. …more>> Ukraine open to Western involvement in gas pipeline Ukraine has suggested bringing in European and U.S. companies to help operate the strategic pipeline that carries Russian natural gas across the country to Europe. …more>> GeoPark discovers gas in Fell Block in Chile GeoPark announced it successfully drilled and tested the Ache 1 exploration well in the Fell Block in Chile. …more>> Cairn India cleared to raise oil output at Rajasthan block India's environment ministry has approved Cairn India's request to increase oil output at its Rajasthan block by 100,000 barrels per day …more>> Texas gas town considers fracking ban The gas fields in Denton have produced a billion dollars in mineral wealth and pumped more than $30 million into city bank accounts. …more>> ENI, CNOOC sign new contract for exploration offshore China ENI and China National Offshore Oil Corporation (CNOOC) sign production sharing contract (PSC) for Block 50/34 in South China Sea …more>> API: Higher petroleum demand in May outpaced by production Total U.S. petroleum deliveries rose 1.9 percent from May 2013 to average 18.9 million barrels per day last month. …more>>