Industry Developments

BMI View: The discovery of 34bcm of estimated total gross mean resources offshore Israel marks Noble Energy's sixth consecutive strike in the Levant basin. This is further good news... 2012-02-07

Norway's Statoil appears to be close to selling its 18.75% stake in the second phase of southern Iraq's West Qurna oil field (known as West Qurna-II).

India is to send a business delegation to Iran in February 2012 to strike up new non-oil export deals, which would allow New Delhi to pay for Iranian crude imports, an unnamed government... 2012-02-02

For the fourth time in less than a year, Iraq's fourth licensing round has been delayed. Abdel Mehdi al-Ameedi, the head of the oil ministry's licensing directorate, told the AFP news... 2012-02-01

BMI View: The appointment of Manuel Vicente, the now-former CEO of state-owned oil giant Sonangol, as Minister for Economic Coordination supports BMI's view that he is likely to succeed... 2012-02-01

BMI View: Jordanian gas imports from Egypt have suffered collateral damage since the start of the Egyptian revolution. The loss of these supply volumes has seen the energy import bill... 2012-01-31

For foreign investors, the Middle East region offers both opportunities and risks, and the split between investor-friendly and investor-cautious countries remains largely unchanged... 2012-01-25

Regional Oil and Gas production has bounced back strongly over the last quarter in line with the rapid return of Libyan volumes. We expect full pre-war Libyan output to resume by H212.... 2012-01-24

Italy's Eni and Spain's Repsol YPF, frustrated by their inability to find gas in Saudi Arabia, have ended their exploration joint venture (JV) with state-run Saudi Aramco, Reuters reported... 2012-01-23

BMI View: Afren's Okoro East discovery underlines Nigeria's high prospectivity. However, large-scale exploration continues to be hampered by both security risks and uncertainty surrounding... 2012-01-23