PennEnergy's Petroleum Headlines 6/12

Today's Headlines
Vietnam urges China to withdraw oil drilling rig Ambassador Le Hoai Trung said in an interview with The Associated Press that Beijing refuses to engage in dialogue and insists there is no dispute, claiming the area around the rig belongs to China. …more>>
Ukraine rejects Putin's offer of gas discounts Russia offered Wednesday to restore the discounted gas price it granted Ukraine under the ousted pro-Russian president, but Ukraine demanded an even better deal. …more>>
Venezuela: OPEC to keep present output target OPEC oil ministers are heading into a meeting with apparent agreement to keep unchanged their output target of 30 million barrels a day. …more>>
Oil prices rise on OPEC expectations, Iraq jitters The price of oil edged higher above $104 on Wednesday, ahead of an OPEC meeting in Europe. …more>>
MAPSearch grows ENvision platform with expanded dataset Marcellus wells in New York, Ohio, Pennsylvania, West Virginia and Virginia are now included in the ENvision platform. …more>>
Oil company, group agree on Congo park plan An agreement announced Wednesday could prevent oil drilling in a national park in Africa where 200 endangered mountain gorillas live. …more>>
Applied LNG announces completion of second LNG production train in Arizona Located adjacent to Applied's first production train, the new liquefier has a nameplate production capacity of 86,000 gallons per day. …more>>
Lukoil granted right to recover costs at West Qurna-2 LUKOIL Overseas has informed Iraq’s Ministry of Oil that it has fulfilled its contractual obligations for first commercial production at West Qurna-2. …more>>
Jericho Oil completes Phase 1 drilling program ahead of schedule The Company has now drilled 72 new, oil producing wells. …more>>