PennEnergy's Petroleum Headlines Update 6/24

Today's Headlines 7,500 gallons of oil spills in Colorado river A storage tank damaged by floodwaters dumped 7,500 gallons of crude oil into the Poudre River. …more>> Oil prices rise on Iraq conflict, upbeat China data The price of oil rose Monday, with global crude hovering near a nine-month high, after Islamic militants captured more territory in Iraq. …more>> Spain's Repsol makes Russian hydrocarbon discovery Repsol has announced what it says is a significant hydrocarbon discovery in a relatively unexplored part of West Siberia. …more>> Gazprom discusses large-scale activities in Eastern Russia The Gazprom headquarters hosted a press conference entitled “Gazprom in Eastern Russia. Entry into Asia-Pacific Markets.” …more>> Planned Indonesia LNG terminal continues GDF Suez gas infrastructure development GDF SUEZ has recently signed a new cooperation agreement protocol with Perusahaan Gas Negara. …more>> Arkose Cantex acquires interest in Wyoming oilfield Cantex Energy Corp. will acquire a 60% Working Interest in the ESPY oil and gas field in Carbon County Wyoming. …more>> Phillips 66 acquires specialty lubricants manufacturer Phillips 66 has agreed to acquire Spectrum Corporation, a leading specialty lubricants company. …more>> Statoil hits dry well north of oil discovery in the Barents Sea Statoil Petroleum has completed the drilling of wildcat well 7324/2-1. The well was dry. …more>> KrisEnergy announces drilling of exploration well in Thailand The Atwood Orca jack-up rig spuded the Rojana-A exploration commitment well in Gulf of Thailand. …more>>