Industry Developments

Russian players TNK-BP and Lukoil are likely to be in the running for new offshore acreage in Vietnam after they signalled their long-term commitment to the country. New exploration... 2011-11-21

There are strong indications that the new CEO of Australia's Woodside Petroleum is willing to make concessions in order to conclude the long-running disagreement between his firm and... 2011-11-18

Japanese utility Kansai Electric Power signed a binding heads of agreement (HoA) for the purchase of 1mn tonnes per annum (tpa) of liquefied natural gas (LNG) from Australia Pacific... 2011-11-17

Petronas' Sabah discovery is the latest indication that efforts to boost domestic offshore exploration are bearing fruit. New discoveries, and a recent agreement with Royal Dutch Shell... 2011-11-16

BMI View: Despite the high costs of India's refined fuels subsidy programme, the outlook for the Indian downstream segment is brightening as higher complexity refineries boost margins... 2011-11-15

Cairn's second Mannar Basin discovery is likely to encourage interest in Sri Lankan exploration even if it is not found to be commercially viable. A new licensing round is likely to... 2011-11-15

Anglo-Dutch major Royal Dutch Shell announced on November 11 2011 that it had signed a Heads of Agreement (HoA) with Malaysia's national oil company Petronas.

Australian oil and gas producer Santos has raised its production guidance for 2012.

China's October oil demand figures may overestimate a slowdown in consumption because of seasonal refinery maintenance and unscheduled outages. We expect demand to bounce back in November.... 2011-11-10

The capital requirements associated with the development of Adelaide Energy's Cooper Basin interests are too great for the company to shoulder alone. Shareholders are therefore likely... 2011-11-09