GLG News by LNG Experts

The analysis of our colleagues gives us a good look at the expense side of the YRC segment, but how about the freight demand versus availability capacity side? This raises the real question of “what the right amount of capacity” for the foreseeable future? Then who is better able to address it?

Jad Mouawad in New York reported in the November 28 issue of the International Herald Tribune that for the first time in a decade, OPEC members face a test of their unity. Falling crude oil prices, reduced demand and declining revenue are on their collective minds. Although these three distressing factors...

Marcus Hand reported in the Lloyd’s List Newsletter on November 27 that Keppel Offshore and Marine announced that Scorpion Offshore, Seadrill and Ezra Holdings are in talks to possibly cancel rig and support vessel contracts worth $871 million. The two jack up contract is valued at $420 million. The...

ABF Freight said in a recent press conference that they will only buy Selective Catalyst Reduction (SCR) technology for 2010. All US manufacturers will be going with SCR with the exception of Navistar. They are utilizing advanced Exhaust Gas Recirculation (EGR) along with emissions trading. In the world...

In September of 2006, a group of doomsayers in Pisa, Italy predicted the end of the Oil Age. Proponents of the theory say that oil production is at or near its peak. Some geologists think that production has already declined. The peak oil "movement" is an alliance of geologists, physicists, oil industry...

Rigzone News reported on November 18 a summary of a report prepared by AFX News Limited regarding possible participation in a Russian liquefied natural gas (LNG) project by U.S. majors Exxon Mobil (XOM) and ConocoPhillips (COP). Alexander Medvedev, deputy chairman of Gazprom said that the project in...

Navios' prediction that up to half of the dry bulk orderbook through 2010 will be canceled won't happen.

Jad Mouawad reported in the November 22 issue of the International Herald Tribune that a United States appeals court blocked Royal Dutch Shell from drilling the Sivulliq well 16 miles off the shore of Alaska’s North Slope. The court found that the Interior Department was derelict in the conduct of an...

On November 18 the Rigzone Newsletter reported on an article by Peter Millard of the Dow Jones Newswires concerning the intention of Petroleos de Mexico (Pemex) to lift crude oil production in the complex Chicontepec basin. The national oil company is getting ready to drill at 68 locations. The company...

BASF will  close 80 factories as auto, textile and construction companies reduce orders.The company will force 20,000 employees to work short hours. BASF said demand dropped significantly in early November as world economies slumped. BASF abandoned plans of matching 2007 profits. Chemical companies...