Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
Exxon to redevelop Upper Zakum on the cheap
November 13, 2009
Exxon Sees Major Cost Savings on Abu Dhabi Oil Field | www.rigzone.com
Exxon Mobil expects to save billions of dollars at massive Upper Zakum oil field in the Persian Gulf. Instead of setting many steel platforms, Zadco (Exxon Mobil, Inpex and Adco) will build artificial islands from which to drill new wells. Zadco plans to increase production to 750,000 bbl/day by 2015. Zakum oil field comprises both Upper and Lower zones and is the second-largest field in the Persian Gulf. The project is on track for award of production facilities in late 2010.
Truckers need Grief Counseling more than financing!
November 12, 2009
Used truck values fall 45% in last 10 months! | www.nada.com
The brutal numbers displayed in the NADA Nov. '09 report of ever-declining used truck values! The markets now value a 3-year old truck at 45% less than its market value of just ten months ago! You can read the latest NADA Commercial Truck Market Update via this link: http://www.nada.com/B2B/home/home.asp
Chinese Downstream Oil Sector Entering a New Stage of Multi Player Competition
November 12, 2009
Exxon, Prospecting for Growth, Flips the Switch on Chinese Plant | online.wsj.com
The Chinese downstream oil sector began entering a new stage of development since early 2009, when CNOOC turned its first world-class refinery into operation in Guangdong Province. And Increasing market competition is also opening opportunities to active international oil companies. The new multi player competition scenario will no doubt produce significant influences on the Chinese downstream oil sector.
Flavor of the Month is Railroads, But Freight Eventually Will Move Back to Truck
November 12, 2009
Trucking 101--This Analyst is Half Right | www.forexyard.com
How solid is the case for intermodal rail? Is it merely the flavor of the month, or can be be an honest-to-goodness, legitimate alternative to all-truck movements of surface freight? Analysts are touting intermodal rail, but how important and encompassing can rail transport be to U.S. shippers?
Sequencing of Palm Oil Genomes
November 12, 2009
MPOB And Orion Complete Sequencing Of Three Oil Palm Genomes | www.bernama.com
The world demand for palm oil has soared in the last two decades, first for its use in food, consumer products and more recently as the raw material for the production of biofuel.
Is the Web Going to Save These Two Freight Behemoths?
November 11, 2009
For FedEx, Holidays May Bring an Upturn | online.wsj.com
FedEx Corp. is predicting an 8 percent rise in its "busiest day shipments" on Dec. 14, compared with last year's busiest day total. FedEx expects to ship more than 13 million packages on that day. Arch-rival UPS, which is about 35 percent larger than FedEx, says it will issue its own, separate "busiest day shipments" forecast next year, after eschewing such forecasts last year.
JB Hunt Intermodal Will Do Well For A Couple of BIG Reasons
November 11, 2009
J B Hunt (JBHT) Gets S&P 4 Star Buy Rating But Showing Bearish Technicals | www.marketintelligencecenter.com
After 20-years, Intermodal as pioneered by JB Hunt and United Parcel Service is even more of a bright spot. I share our colleague Mr. Williams’ optimism regarding Intermodal - and that for JB Hunt’s continued success therein. There are idiosyncrasies in the numbers discussed that offers an opportunity for a different look.
Dubai Air Show Hots Up Before Opening
November 11, 2009
Emirates could buy more aircraft | gulfnews.com
The Middle East market has become strategically important to Airbus and Boeing. Both have big orders yet to be fulfilled and both want to win further business in time for when a wider global recovery starts.
Singapore Airlines Continues To Struggle
November 11, 2009
Singapore Airlines says losses narrow | sg.news.yahoo.com
The industry bellwether airline underscores perfectly why Asia is key to global recovery and also highlights just why yield attrition will stay in the headlines for many months to come.
Ensco gets out of town before it's too late
November 11, 2009
Ensco to Move Corporate Headquarters to UK | www.rigzone.com
Ensco announced that its Board of Directors has approved a plan to change the company's corporate structure. Ensco's legal domicile would change from Delaware to the U.K. Most of the senior officers would be based in the U.K. where the company has substantial operations. The move will enhance management efficiency, improve access to key customers, enhance access to European investors improve perceptions that Ensco is a global offshore drilling contractor and reduce tax rates.
Big-Foot YRC Drops the Other Shoe on Shareholders
November 3, 2009
Bombardier Barbs Shows CSeries Can't Cut The Mustard
November 2, 2009
New 777 Depends On 787 Success
October 13, 2009
Airbus Lost $7.5bn+ Trying to Flog the A350XWB
August 28, 2009
Airbus A380 Struggling To Cut The Mustard?
August 24, 2009