Happy New Year 2015!!!
Dear readers, another year is almost behind us. It has been a good one for Offshore Energy Today thanks to you.
We want to thank all of our readers for being with us over the years, for coming back to Offshore Energy Today on a daily basis, showing us that we’re on the right course.
While it has been a good year for Offshore Energy Today, with more new readers reading more of our news than ever before, it has been a tough one for oil and gas industry as the oil prices have dropped to a five-year low, spurring layoffs and cancellations of contracts and projects.
According to Wood Mackenzie, a consultancy group, oil prices in 2015 are expected to remain low on OPEC’s decision to keep production on current levels, and on lower than expected global economic growth.
Wood Mackenzie expects more cuts in spending by the oil companies, a lot of asset sales by financially stretched firms and some big mergers and acquisitions, saying that the companies with the financial strength to withstand weak prices will be well positioned for the next cycle. The cycle is expected to turn in 2016-2018.
If any of this materializes, and there is a great chance much of it will, Offshore Energy Today will be here to report it, as we have posted almost six thousand oil and gas related articles in 2014.
Also, after tonight’s New Year party, feel free to drop by to Offshore Energy Today tomorrow, as we’ll be preparing a list of the most read articles of the year.
Now, we don’t want to take too much of your time, as we’re sure you have to get ready for tonight, so, in line with last year’s wish,
Dear readers, Offshore Energy Today wishes you a wonderful new year filled with abundance, joy, and treasured moments. May 2015 be your best year yet!
Offshore Energy Today Staff