Cooper Energy lets subsea contract for Sole field

Cooper Energy Ltd., Adelaide, has let a contract for the fabrication and installation of the subsea infrastructure at its Sole natural gas field development in eastern Bass Strait offshore Victoria to global engineering firm Subsea 7. Source: News

MARKET WATCH: NYMEX oil prices hold fairly steady pending inventory report

Light, sweet crude oil prices split on the New York market Feb. 28 with the April contract dropping slightly and the May contract gaining a penny. The US oil benchmark was gaining slightly in early Mar. 1 trading before the weekly government report on oil and product inventories. Source: News