Industry Developments

BMI View: The announcement of a 1.42tcm gas discovery in the Caspian Sea could, if verified, catapult Iran to the top of the global league table in terms of gas reserves. However, although... 2011-12-13

Lukoil's West Africa exploration programme has celebrated its first success with a discovery at a deepwater well offshore Côte d'Ivoire. The find could lead to a change of focus with... 2011-12-09

Oil majors are likely to increasingly focus on deepwater plays because of on-going troubles in the Niger Delta. Consequently, smaller independents and their local partners are likely... 2011-12-08

Speaking at the World Petroleum Congress in Doha, Qatar, on December 6 2011, ExxonMobil's CEO Rex Tillerson said that the contractual terms for the company's UAE concessions needed... 2011-12-07

EU sanctions against Syria's oil sector are starting to have their desired effect, as Royal Dutch Shell and Total - the most high-profile Western upstream investors in Syria - have... 2011-12-06

BMI View: The outlook for oil shale indicates that the resource is unlikely to be tapped for the production of fuel. However, there is an alternative that has already proven to be commercially... 2011-12-02

São Tomé's hunt for oil has been characterised by disappointment. Total, however, will press ahead with exploration in 2012 - offering the country its best, and maybe last, hope of... 2011-12-02

African production and consumption are set to gather pace over the next decade after the disruption of the Libyan Civil war saw regional volumes tumble in 2011. Strong economic growth... 2011-12-01

Australian independent African Petroleum has expanded its footprint in West Africa with the acquisition of two exploration licences in Senegal.

New midstream gas infrastructure will allow Ghana to harness associated gas volumes from its offshore oilfields. However, with gas processing capacity set to hit just 3.4mn cubic metres... 2011-11-29