Industry Developments

BMI View: An agreement signed between TGS and Sonangol to acquire 3D multi-client seismic surveys covering 12, 500sq km of acreage indicates that Angola's subsalt upstream is about... 2012-01-20

BMI View: The Middle East region will see large increases in oil and gas production over the coming decade, although rising consumption will eat into these volumes to a great degree.... 2012-01-19

BMI View: A Presidential Ordinance approving Total's investment in Block III is a sign that the Democratic Republic of Congo (DRC)'s government is eager to see exploration in the east... 2012-01-18

For the first time since Iraq awarded a string of contracts to foreign firms to help it re-develop its oil fields in 2009, militants have attacked a compound belonging to one of those... 2012-01-13

BMI View: Nigeria's main oil workers union Penganssan's threat to systematically shutdown domestic oil and gas production poses a clear risk to Nigeria and to global oil markets. Pengassan... 2012-01-13

UK-listed independent Genel Energy, formed in 2011 by the 'reverse-takeover' of Turkish-based Iraqi Kurdistan explorer Genel Enerji by Vallares, has started 2012 on an optimistic note,... 2012-01-10

BMI View: Reports of diesel shortages at Syrian fuel stations indicate that sanctions are starting to put considerable strain on the Assad regime. Given the risk that capacity could... 2012-01-09

French major Total continues to push into frontier African exploration plays, announcing on January 6 2012 that it has boosted its presence in the Mauritanian upstream segment.

We expect there to be strong interest in the acquisition of Cove Energy, particularly from oil majors keen to add the company's gas assets in Mozambique to their Asia-focused LNG portfolios.

Lebanon's cabinet has finally approved the country's first hydrocarbons law, which was passed by parliament in August 2010.