GLG News by LNG Experts

Jad Mouawad in New York reported in the December 16 issue of the International Herald Tribune that dozens of major oil and gas projects have been put on hold in recent weeks. Companies are rapidly coming to grips with the collapse of the energy markets. While falling crude oil prices are good for consumers...

The NOx and Particulate Matter (PM) issues are real, but are they being addressed logically and fairly? The California approach is as expected - and political, nonsensical and costly. While the lawsuits will be flying from a variety of parties for years, the trucking and bus industries both in and outside...

James Kanter and Stephen Castle in Brussels reported in the December 13-14 issue of the International Herald Tribune that leaders of the European Union (EU) agreed on binding legislation that would curb global warming. They also endorsed a $267 billion expenditure to lessen the effect of a looming recession....

This movement may be difficult to execute, for a few reasons: . Iberdrola comes late to this market, where several large or medium, US and foreign companies have already taken positions, i.e. obtained approval to build port based or off-shore LNG terminals and re-gasification plants. . The process for...

Near term prospects for container shipping are grim.

The Rigzone newsletter reported on December 5 that Arawak has temporarily curtailed crude oil production at four fields in Kazakhstan.High customs export duties (CED) amount to $28.31/bbl. A court ruling in September upheld a decision by the authorities to exempt the Akzhar field but a demand reappeared...

The referenced Zacks’ article notes that the median year-to-date stock price has declined for all industries in the Zacks’ transportation analysis. This includes water shipping down 55.6%, airlines down 52.1%, equipment / leasing down 37.2%, air freight down 36.1%, rail down 23.9% and trucking down...

Andrew E. Kramer in Moscow reported in the December 11 issue of the International Herald Tribune that Russia will announce a coordination of crude oil output with OPEC. World oil prices rose in response to comments made by minister of energy Sergei Shmatko revealing that by December 17, when OPEC meets...

At a recent conference, BG made statements regarding a LNG "supply surge" in next three years leading to a possible return of a buyers market, to be followed by a "supply crunch". This analysis offers a slightly different perspective to what is seen as being overly optimistic BG comments.

The staff of Offshore magazine reported on November 19 that National Oilwell Varco (NOV) and Schlumberger agreed to form a joint venture to develop wired drill string telemetry systems. The purpose of the joint venture is to accelerate delivery of drilling intelligence to the customer, expanding the...