Industry Developments

BP is the latest oil company to tie up acreage in the sought after Utica shale formation. The lease acquisition will help boost the company's onshore portfolio and give it access to... 2012-03-29

Despite a series of new pipeline plans BMI does not expect consistent draws on Cushing stocks until 2014. Indeed, production growth in both Canada and onshore US is likely to drive... 2012-03-28

BMI View: The construction of a pipeline that would carry Asia-bound gas to Alaska's south coast offers much better commercial opportunities than a pipeline to the lower 48 states.... 2012-03-23

BMI View: The details released of Enbridge's proposed export oil pipeline in Colombia highlight the market's attractiveness as a supplier of resources to Asia. Though it will not be... 2012-03-19

BMI View: Pacific Rubiales has posted 109% y-o-y net income growth. Although operational results fell slightly short of expectations, the company's strong showing was welcomed by investors.... 2012-03-16

BMI View: The revocation of YPF concessions in Chubut province and the tighter regulation on jet fuel prices, for which YPF is the main supplier, suggest that the government is trying... 2012-03-15

US gas producer Chesapeake Energy, which has been at the forefront of the US shale gas boom, is making progress on the commercialization of gas and liquids resources at its Utica shale... 2012-03-14

BP's Brazilian farm-in highlights the continued interest in Brazil's subsalt acreage. Norway's Statoil is also reportedly keen to get in on the act as it eyes a possible acquisition... 2012-03-08

BMI View: Colombia's decision to build a new US$350mn LNG import project, which will most likely be situated on country's Pacific Coast, could seem counter-intuitive considering recent... 2012-03-06

BP's eleventh-hour deal with the Plaintiffs' Steering Committee is in line with the oil major's previous estimates of third-party liabilities. This is encouraging for shareholders but... 2012-03-05