Industry Developments

BMI View: At a time when many European countries are keen to reduce their dependence on Russian gas, BMI believes an enhanced partnership with Gazprom could benefit both E.ON and... 2011-06-07

Norway's Statoil has agreed to sell a 24.1% direct and indirect stake in Gassled, the formal owner of Norway's gas-transportation system, to Solveig Gas Norway for NOK17.35bn (US$3.25bn).

Petrochemicals giant LyondellBasell has become the latest company to reduce its exposure to French refining, announcing on May 31 that it is looking for a buyer for its 105,000 barrel... 2011-06-02

A tougher regulatory burden is weighing down Germany's highly mature fuels retail sector following a move by the country's cartel regulator to prevent further service station acquisitions... 2011-05-25

BMI View: Tullow's acquisition of Nuon significantly increases the company's North Sea gas production, and also gives it access to infrastructure and strategic gas-storage facilities... 2011-05-24

BP announced on May 17 2011 that it agreed to sell its operating interests in the UK's Wytch Farm (67.81%), Wareham (67.5%), Beacon (67.5%) and Kimmeridge (100%) fields to French independent... 2011-05-18

The start-up of the giant Medgaz gas pipeline has failed to set the Spanish gas market alight, with the project working at around a third of capacity in April, the first month of full... 2011-05-16

Norway has recommended the approval of ConocoPhillips' development plan for the mature Ekofisk oil field complex.

A union representing workers at Greece's leading refiner, Hellenic Petroleum (HP), has effectively ignored a court order banning it from launching a 10-day strike.

Nearly a year after the Wilhelmshaven refinery was earmarked for closure or divestment, a possible buyer has come forward.