Industry Developments

Maersk Oil's Kwanza basin discovery is good news for the company and good news for successful bidders in Angola's latest licensing round. Though far from fully appraised, the block... 2012-01-04

The noose continues to tighten around Iran, as steps are taken in Western capitals to put the squeeze on the country's top revenue earner - crude oil exports.

BMI View: A sudden increase in gasoline prices implemented on January 1 2012 could help foster downstream investment and boost refining capacity in Nigeria. A likely decline in fuels... 2012-01-03

As production is ramped-up ahead of schedule, there are worrying signs that the interim government is stepping up the pressure on some oil companies by reviewing pre-war 'social sustainability'... 2011-12-30

BMI View: The shutdown of production at the offshore deepwater 200,000b/d Bonga field following a 40,000bbl leak is only the latest development to further tarnish Shell's already poor... 2011-12-22

BMI View: The licenses awarded during Angola's 2011 subsalt round and the production sharing agreements recently signed are a clear indication that international oil companies have... 2011-12-21

Rialto's Gazelle project could become an offshore development hub after its final development plan was approved by Abidjan. With further drilling targeted for H112, the project could... 2011-12-16

BMI View: The reform of the upstream regulatory framework announced by Algeria's energy minister, Youcef Yousfi, are likely to improve the business environment and margins for foreign... 2011-12-16

Higher Libyan production and exports in December are likely to add to downward pressure on Brent prices. This is in line with our forecasts, which see Brent moderating to US$102/bbl... 2011-12-15

Security concerns have returned to the fore at oil installations in southern Iraq, following three bomb attacks on December 13 2011 on the pipeline network used to transport crude from... 2011-12-14