New Market Research Report: Italy Oil & Gas Report Q2 2015

We maintain a subdued outlook for Italy's oil and gas industry due to projected gradual decline in country's oil and gas reserves as well as rapid downsizing of its refining sector. While the increased investor interest in Italy's prospective Adriatic and gradually imporving regulatory environment are positive signs, we believe these improvements will take some years to garner more substantial industry changes.

The main developments in Italy's oil and gas sector:

* Italy is making notable progress in speeding up its exploration and production permitting process, as part of its wider aim to boost production and reduce the country's overall import bill. We believe this trend will accelerate, especially in the country's Adriatic offshore acreage, consistent with a regional trend of increasing interest in the prospective Adriatic.
* US-based Sound Oil will drill the second well in the Carita licence, which includes the Nervesa gas discovery, in northern Italy, after securing drilling authorisation from the Italian Ministry of Economic Development in February 2015. There are no further outstanding regulatory consents required to begin the drilling of the well.
* In early January 2015, Canada-based Avanti Energy has signed a purchase and sale agreement (PSA) with Dove Energy to acquire Italy-based CMI SpA. The acquisition is valued at about USD5.78mn, which includes USD1.53mn in cash and...

Full Report Details at
- http://www.fastmr.com/prod/960676_italy_oil_gas_report_q2_2015.aspx?afid=301

The Italy Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Italy including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Italy Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Italian oil and gas industry.

Key Benefits

* Benchmark BMI's independent oil and gas industry forecasts for Italy to test consensus views - a key input for successful budgeting and strategic business planning in the Italian oil and gas market.
* Target business opportunities and risks in the Italian oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Italy.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

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