Industry Developments

Inpex's Ichthys LNG project has benefited from rising long-term Japanese gas demand, with Japanese buyers signing up for 70% of the project's output. While the demand picture for Australian... 2011-12-06

Petronas has confirmed it is in the running to acquire onshore acreage in Myanmar. It is likely to be one of many Asian NOCs bidding for new onshore licences as they look to replicate... 2011-12-02

Italian major Eni has been revealed as the mystery buyer of a stake in an offshore gas field in Australia's Bonaparte Basin, which was sold by Australian gas producer Santos in October... 2011-12-01

BMI View: Amerind Petroleum has signed a memorandum of understanding that will see the company relocate and reassemble Sunoco's Eagle Ford refinery in the Indian state of Andhra Pradesh.... 2011-11-30

Papua New Guinea (PNG)'s Gulf LNG facility has taken a big step towards a final investment decision (FID) after the signing of a heads of agreement (HoA) with Gunvor for the supply... 2011-11-28

Woodside Petroleum has had a difficult year, with project delays and cost overruns hurting the company's performance. We see little short-term hope of the company turning its fortunes... 2011-11-25

Beach Energy's estimate that its Cooper Basin shale acreage holds 1.7tcm of recoverable shale gas reserves could potentially transform the company. At the very least it should lead... 2011-11-24

BMI View: The announcement of a shale gas bidding round proves India is willing to compromise in order to tap into its shale gas resources - while also addressing the challenges which... 2011-11-23

Turkmen president Gurbanguly Berdymukhamedov, while on a state visit to China on November 23 2011, signed an agreement that will boost gas export volumes by 25bn cubic metres (bcm)... 2011-11-23

BP Migas has issued two 2011 licensing rounds in the hope that Indonesia can slow declining oil production and gas exports. Exploration on the new blocks could pose upside risks to... 2011-11-22