Industry Developments

Statoil's latest fast-track project will help slow declining domestic output and may herald further discoveries in the Halten Bank. The project illustrates Statoil's growing expertise... 2011-09-27

If recent reserve estimates are correct, plans to draw shale gas from Lancashire's Bowland Basin could herald a return to gas self-sufficiency in the UK. This would pose a serious upside... 2011-09-23

BMI View: Apache's acquisition of UK North Sea assets worth US$1.75bn from Exxon suggests that despite falling production and higher taxes the area still holds appeal. The deal follows... 2011-09-22

Russia's Lukoil and Norway's state-run oil company Statoil may team up to develop offshore acreage in the Norwegian Continental Shelf (NCS), RIA Novosti quoted Lukoil CEO Vagit Alekperov... 2011-09-19

BMI View: A ban on fraccing has brought development of unconventional resources in France to a screeching halt. The ban is a major setback for investment in the country, and highlights... 2011-09-06

Anglo-Dutch major Royal Dutch Shell is to sell its stake in Norway's Gassled natural gas pipeline to Infragas Norge, a subsidiary of Canada's Public Sector Pension Investment Board... 2011-09-02

Mexican national oil company Pemex has formed a strategic alliance with Spanish builder Sacyr Vallehermoso to combine their holdings in Repsol to take control of the Spanish major.

Despite disappointing H111 results on the back of production shortfalls at its UK operations, Premier Oil has maintained its medium-term production forecasts, upgraded its reserve... 2011-08-30

UK-listed independent Faroe Petroleum reported an oil discovery on August 24 2011 at its first operated exploration well at the Fulla prospect in the UK's West of Shetland (WoS) waters.

Russian gas export monopoly Gazprom is preparing to start feeding gas into the subsea Nord Stream gas pipeline following testing of the pipeline's gas treatment unit.