MARKET WATCH: Crude oil benchmarks dropped more than $1/bbl

The oil price benchmarks on the New York and London markets fell by more than $1/bbl on May 1 on a strengthening US dollar. Oil sells on most world markets in US dollars, so a rising dollar makes oil more expensive for buyers starting with other currencies. Source: News


Casino-Henry JV acquires Minerva gas plant from BHPB

The Cooper Energy Ltd.-led joint venture producing from the Casino/Henry gas fields in the Otway basin offshore western Victoria has signed an agreement with BHP Billiton Petroleum Pty Ltd. to acquire BHPB’s 90% interest in the onshore Minerva gas plant. Source: News


Drilling rig for Dorado-1 wildcat is on its way

The Perth-based joint venture led by Quadrant Energy Ltd. has announced that the jack-up drilling rig Ensco-107 is now on its way from Singapore to drill the Dorado-1 wildcat in the Bedout sub-basin offshore Western Australia. Source: News