Industry Developments

Royal Dutch Shell has issued a reaction to oil pricing agency Platts's proposed changes to the Dated Brent price assessment.

Norway's national oil company (NOC) Statoil has announced that its Aldous discovery could be one of the 10 largest oil discoveries ever made on the Norwegian Continental Shelf (NCS).... 2011-08-17

BP and France's GDF Suez are looking to sell some of their mature UK North Sea assets, the Financial Times reported on August 14 2011, quoting unnamed sources.

BP and France's GDF Suez are looking to sell some of their mature UK North Sea assets, the Financial Times reported on August 14 2011, quoting unnamed sources.

GE Oil & Gas, the energy equipment arm of US conglomerate General Electric, is working alongside little-known local company Penergis on a feasibility study into building a new refinery... 2011-08-12

US major ConocoPhillips has agreed to sell its mothballed 260,000 barrel per day (b/d) Wilhelmshaven refinery in northern Germany to private Dutch midstream player Hestya Energy.

Independent Italian refiner Saras has announced a net loss of EUR40.6mn (US$58.3mn) in Q211 due to weaker refining margins influenced by the loss of crude oil supplies from Libya.

BMI View: Statoil's discovery in the North Sea confirms that the region retains significant oil and gas potential, although it will not change the company's growing reliance on the... 2011-08-10

The giant Bergermeer gas storage project has been temporarily halted by the highest administrative court of the Netherlands, which ruled that the facility needed further study to address... 2011-08-09

The Norwegian Petroleum Directorate has reported the third consecutive hydrocarbons discovery in the Norwegian waters of the Barents Sea of the past five months.