Industry Developments

BMI View: ConocoPhillips' reported decision to sell its Nigerian assets underlines the security risks associated with exploration and production in such a volatile nation. However,... 2012-05-09

BMI View: As oil producers in the Middle East revive oil production in their ageing fields through enhanced oil recovery (EOR) techniques, oil services firms with brownfield project... 2012-05-04

BMI View: The announcement that Cobalt will press ahead with its Angolan venture despite allegations of corruption are explained by the country's high prospectively and the intense... 2012-05-02

BMI View: The scale of acreage on offer in Oman may be small, but the sultanate's location in a proven oil region, openness to foreign investment and the relatively stable political... 2012-05-01

BMI View: Pancontinental's engagement of Fugro-Geoteam's seismic services highlights that oil companies are serious about developing Kenya's hydrocarbons potential. Interest in Kenya... 2012-05-01

BMI View: Seadrill's signing of another multimillion rig deal demonstrates - yet again - the industry's healthy appetite for deepwater drilling. As long as oil prices remain above US$100/bbl,... 2012-04-30

BMI View: Gabon's project to build a new 50,000b/d refinery to replace the ageing 24,000b/d Port Gentil plant is a necessity if the country wants to avoid becoming a net fuels importer.... 2012-04-27

BMI View: Announcement that Mozambique will hold a Rovuma Basin licensing round this year bodes well for the development of the country's upstream. However, upstream growth will be... 2012-04-26

BMI View: The creation of a dedicated unit to market gas sales from the Angola LNG terminal will be able to circumvent the problem of lack of long term supply contracts. The unit should... 2012-04-25

The directors of AIM-listed Cove Energy have recommended to shareholders that they accept Royal Dutch Shell 's US$1.8bn take-over bid. Though rival offers can still be made, BMI... 2012-04-24