Industry Developments

BMI View: Guyana's geographical position may raise the likelihood of exploratory success, and we do not discount its potential as an oil producer; however, President Donald Ramotar's... 2012-05-11

Natural gas prices are unlikely to be in a sustained recovery as demand and supply dynamics remain extremely loose. We see little chance of a recovery this year as cuts to output and... 2012-05-09

BMI View: A new US$468mn investment by RJJ Capital and Temasek Holding in Cheniere Energy will be used to fund the Sabine Pass LNG export terminal project - suggesting that a final... 2012-05-08

BMI View: Ingraham's announcement that he would approve drilling activities, thus reversing the August 2010 ban, if he were to be re-elected in the May 2012 General Election could have... 2012-05-04

BMI View: Sinomach's plan to build the 150,000b/d El Supremo Sueâo de Bolivar refinery is yet another example of China's growing influence in Latin America. Venezuela and China are... 2012-05-03

Attempts by the government of Canada's Northwest Territories to rescue the long delayed Mackenzie Delta gas project are unlikely to succeed. Firstly, a switch to an LNG project would... 2012-05-02

We have revised down our Oil and Gas Risk/Reward ratings for Argentina to reflect the deteriorating operating climate for private and/or foreign operators. The downward revisions have... 2012-05-02

BMI View: Delta Air Lines' acquisition of the 185,000b/d Trainer refinery and talks initiated by Carlyle Group to acquire the 335,000b/d Philadelphia refinery spur hope that the ailing... 2012-05-01

BMI View: Venezuela has seen a string of Asian investors commit large expenditure in the hope of securing crude oil supplies from its prolific Orinoco belt. In addition to US$32bn in... 2012-04-30

Oil major ExxonMobil has posted a disappointing Q112 after lower production and US natural gas realisations hit earnings. Given that the company has greater exposure to the US shale... 2012-04-27