BP lets another Mad Dog Phase 2 contract

BP PLC let an engineering, procurement, and construction contract to OneSubsea, a Schlumberger company, to supply the subsea production system for the Mad Dog 2 Phase 2 development in the Gulf of Mexico. Source: News

MARKET WATCH: Crude oil prices could be settling into lower range

Light, sweet crude oil prices for April delivery dropped modestly on Mar. 20, holding above $48/bbl on the New York market in what one analyst calls a possible trend toward a new, lower range of oil prices than the $50-54/bbl range that had existed earlier this year. Source: News

Russia’s NefteGazIndustriya lets contract for Afipsky refinery

NefteGazIndustriya LLC, through a project developer, has let a contract to Houston-based CB&I to provide additional services related to the modernization of its 5.25 million-tonne/year Afipsky refinery at Krasnodar, Russia. Source: News

Painted Pony to make Montney acquisition

Painted Pony Petroleum Ltd., Calgary, will increase 2017 drilling in the Montney play of British Columbia to 71 wells and 64 completions from its previously planned 58 wells and 51 completions after acquiring UGR Blair Creek Ltd. in a $229.6-million (Can.) deal. Source: News