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
Chinese group moves into Santos share register
China’s ENN Group Co. Ltd. is set to acquire 11.7% of Santos Ltd., Adelaide. 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
American Energy Partners’ Permian units change names, appoint executive leadership
Two Permian basin-focused units of American Energy Partners LP (AELP) have changed their names as they transition to become standalone companies. 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
Industry interest hits new low in central gulf lease sale
Central Gulf of Mexico Lease Sale 241 drew 148 bids on 128 blocks from 30 companies, with apparent high bids totaling $156 million, the US Bureau of Ocean Energy Management (BOEM) reported following the event held in New Orleans on Mar. 23. Source: News
Meridian Energy advances North Dakota refinery project
Meridian Energy Group Inc., Irvine, Calif., has filed the first round of permit applications with local regulators to proceed with its proposed 55,000-b/sd Davis refinery to be built in the heart of southwestern North Dakota’s Bakken shale region, near Belfield, in Billings County, ND. Source: News
EIA: US crude stocks jump 9.4 million bbl
US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, jumped 9.4 million bbl during the week ended Mar. 18 compared with the previous week’s total, according to data from the US Energy Information Administration’s Weekly Petroleum Status Report. Source: News
MARKET WATCH: NYMEX oil prices fall ahead of inventory report, Easter holiday
Light, sweet crude oil prices fell slightly on the New York market Mar. 22 with the May contract closing at $41.45/bbl, down 7¢. The May contract is the new front-month contract as of the Mar. 21 closing. The Mar. 22 settlement marked the highest oil front-month closing price on the New York market since Dec. […]