Industry Developments

Libyan exports are nearing their pre-war levels just as European refiners seek alternatives to Iranian crudes. The news is likely to give some relief to oil markets as Brent trades... 2012-03-21

BMI View: The signing of an agreement between Angola and the Republic of Congo for the 67mn bbl cross-border, offhsore Lianzi field shows that the two countries are willing to work... 2012-03-20

BMI View: The latest wave of US and EU energy sanctions have resulted in a revision to our Iranian oil production forecasts. Given that exports to Europe and Asia are set to fall... 2012-03-16

The Qatari sovereign wealth fund has acquired a 2% stake in international oil company (IOC) Total. The fund has been building stakes in a number of French companies as it seeks to channel... 2012-03-15

Canada-listed Israel-focused Adira Energy announced on March 13 2012 that it had received two independent resource reports from consultants Netherland, Sewell and Associates (NSAI)... 2012-03-14

UK-listed Iraqi Kurdistan-focused independent Gulf Keystone Petroleum (GKP) issued an operational update on March 12 2012 in which it reported the discovery of an extension to its Shaikan... 2012-03-13

Given the cost of commercialising Mozambique's offshore gas bonanza, Anadarko Petroleum and Eni are likely to develop a joint LNG export facility. They are also likely to farm-out significant... 2012-03-12

US independent Anadarko Petroleum has concluded a long-running dispute with Algiers over the 2006 implementation of a windfall tax.

With the Tsimiroro heavy oil project finally under way the future for Madagascar's oil industry looks much brighter. We expect further exploration and appraisal activity to take place... 2012-03-09

We estimate the UAE's total liquids output averaged 3.03mn b/d in 2011, of which NGL production was an estimated 536,000b/d.