Industry Developments

BMI View: Reports that Sinopec is considering taking a 10% stake in Repsol from Sacyr Vallehermoso are credible due to Sacyr's financial situation and the fact that an acquisition would... 2011-12-19

Statoil's Luva development could indicate that exploration and production momentum is shifting towards frontier areas off Norway's northern coast. These projects could help slow a long-term... 2011-12-14

Total's investment in the Elgin and Franklin fields demonstrates a continued commitment to its large-scale North Sea projects. It is also an indication that Total is seeking to balance... 2011-12-07

BNK's acquisition of conventional acreage in the proven oil and gas producing region of Thuringia is a counterbalance to the high-impact, high-risk unconventional strategy that it has... 2011-12-05

At a December 1 2011 meeting, European Union (EU) foreign ministers chose not to back a proposal backed by France, the UK, Germany and the Netherlands to sanction the importation of... 2011-12-02

BMI View: We have maintained our 2012 average price forecast for Brent and WTI at US$102/bbl and US$93.50/bbl respectively. The market is likely to find support at these levels, despite... 2011-11-25

BMI View: The BDEW's statements on fraccing suggest that Germany is still wary of the technology. Given the role of the green and mining lobbies in the country, we expect the Germany... 2011-11-22

BMI View: A US$1.6bn transaction between Statoil and Centrica is likely to be accretive for both companies. For Centrica, the deal represents further upstream expansion as well as an... 2011-11-21

The subsea Nord Stream pipeline system was officially inaugurated on November 8 2011 by the Russian Prime Minister Dmitri Medvedev and German Chancellor Angela Merkel, in a ceremony... 2011-11-08

Shell's troubles at Gannet Alpha are one step closer to resolution after gas from the faulty pipeline was successfully vented. Now that the line has been isolated, production from... 2011-11-07