Second gas supply agreement signed for Sole field

Cooper Energy Ltd., Adelaide, has signed a binding heads of agreement (HOA) with AGL Energy Ltd., Sydney, regarding supply of natural gas from Sole field and nearby Manta field in Bass Strait offshore eastern Victoria. Source: News


Woodside-led venture postpones Browse LNG project

The Woodside Petroleum Ltd.-led Browse LNG joint venture has decided to indefinitely defer the development following the completion of the front-end engineering and design (FEED) process. Source: News


Covey Park Gas to acquire Louisiana assets

Covey Park Gas LLC, Dallas, has agreed to acquire acreage and natural gas production in the Haynesville and Bossier shales of Louisiana from subsidiaries of EP Energy Corp., Houston, for $420 million. Source: News


MARKET WATCH: NYMEX oil prices fall more than $1/bbl in thin trading

Light, sweet crude oil prices fell more than $1/bbl on the New York market Mar. 23 with the May contract closing at $39.79/bbl, and analysts noted price fluctuations were especially pronounced because trading volumes were light going into the Easter holiday weekend. Source: News