Industry Developments

BMI View: The arrival of a new cargo at the Coryton refinery should provide PwC with 'vital breathing space' to negotiate a strategic sale of the plant. We believe that, despite Petroplus'... 2012-02-07

Lundin's latest estimate for its PL501 licence points to 1.3bn barrels (bbl). This could mean that the combined Sverdrup prospect contains between 2.2 and 2.8bn bbl. Despite the downgrade,... 2012-01-27

BMI View: In a move that further reinforces our view that institutional investors will become major players in the European mid-stream gas market, Global Infrastructure Partners (GIP)... 2012-01-23

The upstream arm of Thailand's national oil company, PTTEP, has identified itself as a possible bidder for UK-listed independent Cove Energy.

Given Statoil's deep pockets, offshore experience and larger stake in the licences, it makes sense that it should take on the development of Sverdrup. Lundin and the other junior partners... 2012-01-19

Lundin Petroleum's latest appraisal of the giant Avaldsnes field in Norway points to a lower than expected upper reserve estimate. Despite the setback, the combined Aldous-Avaldsnes... 2012-01-17

Higher investment is set to slow the long-term decline of the UK's production output and reserves. Production growth is likely to be driven by the prolific West Of Shetland area where... 2012-01-12

The Havis discovery is the latest to highlight the prospectivity of Norway's offshore frontier. The find is likely to encourage further appraisal of PL532 and other Barents Sea licences.... 2012-01-09

The working relationship agreement between Petrofac and Schlumberger will create a leading player in the burgeoning business of production enhancement. The duo are likely to have Mexico... 2012-01-06

BMI View: Petroplus, Europe's largest independent refiner, has decided to shut down three mid-scale plants in a clear sign that the downstream sector is in disarray. With worsening... 2012-01-04