Industry Developments

China's finance ministry has informed state-run oil companies that the country's oil windfall tax will now be applicable at a higher threshold, a number of news agencies reported on... 2012-01-06

BMI View: The Indonesian government's proposal to reform the country's popular fuel subsidies is unlikely to be adopted by the parliament unless an alternative to expensive liberalised... 2012-01-05

The Directorate-General of Hydrocarbons (DGH) has approved state-run Oil and Natural Gas Corporation (ONGC)'s declaration of commerciality (DOC) for an offshore gas find in the Krishna-Godavari... 2012-01-04

Sinopec/ENN will likely have to raise their US$2.2bn offer for China Gas Holdings if they are to tempt some of the company's largest shareholders - who continue to resist a takeover... 2012-01-03

BMI View: Reports that China is experiencing diesel shortages in the south of the country are a clear indication that the authorities' current policy aimed at curbing inflation and... 2011-12-16

BMI View: Bulgaria has dissolved its 2007 agreement for the construction of the Burgas-Alexandroupolis pipeline, effectively abandoning the project, which will likely be officially... 2011-12-15

China's state-run oil and gas company Sinopec has teamed up with gas distributor ENN Energy Holdings to launch an acquisition bid for Hong Kong-based distributor China Gas Holdings,... 2011-12-13

APLNG is set for a FID on its second train after lining up another major supply deal with China's Sinopec.

If it was a shale gale that transformed the US natural gas market, and may be doing the same to the country's oil market, then there is still little more than a breeze blowing in China.... 2011-12-08

TNK-BP is unlikely to enter into a bidding war with PetroVietnam over ConocoPhillips' Vietnamese assets. The Anglo-Russian joint venture is much more likely to be focused on acquiring... 2011-12-06