GLG News by LNG Experts

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...

Truck registrations are important to contrast against freight predictions for planning purposes by shippers, transport companies, industry suppliers, investors and other interested parties. These numbers tell how the trucking companies are planning for the near future. Last month, we authored an article...

A report from the Dept of Energy said in May 2008 that US could build enough wind farms to provide 20% of country’s electricity by 2030. At that time oil prices were $147 a barrel, Boone Pickens calls for US to achieve this by building wind farms throughout the windy corridor from Texas to Dakotas....

The RIGZONE newsletter reported on November 17 that Southern Pacific Resource had completed its design and cost estimate for an oil sand project at STP-McKay in the Fort McMurray area. The company plans to make an application for a steam assisted gravity drainage permit by April 30, 2009. Bitumen throughput...

The Dow Jones Industrial Average and the S&P 500 are down about 40% from a year ago. The Dow Transports are down 25%. In spite of this, there are some transport companies doing OK as noted in the source article - and deserve some comments as to why - and cautions….