Industry Developments

In the short term, Indian liquids output will rise but we retain a cautious outlook on the country's long-term oil production prospects, forcing up India's import dependency.

New Zealand is looking to boost interest in its upstream segment by launching a new bidding round and revamping its licensing system.

China's National Development and Reform Commission (NDRC) announced on February 7 2012 a rise in gasoline and diesel prices.

Anglo-Dutch major Royal Dutch Shell has made a much-anticipated confirmation regarding its shareholding in Australian independent Woodside Petroleum.

BMI View: ExxonMobil's decision to lessen its exposure to the Japanese downstream represents a strategic retreat. Indeed, despite spiking oil demand in the aftermath of the Tohoku earthquake,... 2012-01-31

Malaysia's bid to accelerate deepwater exploration is starting to bear fruit, with the county registering its second significant discovery offshore Sabah province in a matter of months.... 2012-01-27

BMI View: We expect Vietnam to become a small net importer of oil by 2015 as consumption growth - driven by possitive macro fundamentals- outstrips higher production. This is a trend... 2012-01-26

BMI View: Despite a recent duster and doubts over the commercial viability of previous discoveries, Cairn India has notified the Sri Lankan government of its intention to begin second-phase... 2012-01-25

BMI View: The announcement that Total has acquired a 10% stake in the Zhanjiang joint venture (JV) refinery from Kuwait Petroleum Corporation, which will now be left with a 40% stake... 2012-01-24

The Beihai LNG project demonstrates how Sinopec is establishing itself across the gas value chain with a strategy that will make it an important player in China's booming gas business... 2012-01-20