Industry Developments

Details have emerged of changes to the contractual terms for exploration licences to be made available in Iraq's fourth licensing round.

UK-listed Africa-focused independent Cove Energy has found a buyer less than two months after putting itself up for sale.

US independent Anadarko Petroleum has announced that its Jupiter-1 offshore exploration well in Sierra Leone's SL-07B-11 block has struck hydrocarbons.

BMI View: Total's farm-ins at three deepwater blocks offshore Cote d'Ivoire proves once again that in the wake of the Jubilee discovery in Ghana, international oil companies are increasingly... 2012-02-20

BMI View: Reports of a diesel cargo being delivered to Syria from Venezuela should offer relief to the Assad regime, but will do little to bring a final end to the country's fuel crisis.... 2012-02-17

Eni's latest discovery in Area-4 is yet another indication of huge offshore gas potential in the Rovuma basin. Between 1.275 and 1.7tcm of gas in place has already been identified providing... 2012-02-16

Algeria's upstream regulator ALNAFT has approved the development of the North Reggane gas project, Spain's Repsol said on February 14 2012.

After several delays, Iraq formally inaugurated a new crude export outlet in the Persian Gulf. The first of four planned single point moorings (SPMs) was opened on February 12 2012,... 2012-02-13

The global crude oil trade continues to shift in response to attempts by Western countries to encourage their Asian allies to reduce imports of Iranian crude oil, in line with the political... 2012-02-09

BMI View: The discovery of 34bcm of estimated total gross mean resources offshore Israel marks Noble Energy's sixth consecutive strike in the Levant basin. This is further good news... 2012-02-07