Despite an ample supply of oil and gas assets on the market due to low oil prices, the overall merger and acquisition (M&A) deal count in the upstream energy sector plunged in 2015 as the weakness and volatility in oil prices made it difficult for buyers and sellers to achieve consensus on value and
The new year is not off to a great start for the dry bulk shipping industry as the Baltic Dry Index (BDI) reaches new all-time low. BDI dropped by five points on Tuesday reaching its lowest level yet of 468 points since its previous record low of 471 points posted in December last year. Capesize ind
2015 was a tough year. Spending and headcounts have been slashed across the industry and the spectre of bankruptcy is an all too common concern, Douglas-Westwood, an energy intelligence group, said in its latest DW Monday report. Recent trends in commodity prices have not helped, DW noted. Late Dece
Major offshore energy events of 2015, Vol. 2
In 2015, LNG World News brought you a number of interviews with major names in the industry. In this review of the year behind us, we will bring you a recap of the interviews conducted in 2015.
As the 2016 dawns upon us, the shipping industry should brace itself for yet another challenging year, according to BIMCO, as hope for a bounce-back in 2016 fades away. Despite this, the International Monetary Fund has forecast higher GDP growth rates for 2016 across the board. The shipping industry
Shipping organizations comprising BIMCO, CLIA, ICS, INTERCARGO and INTERTANKO have launched a set of guidelines to help the global shipping industry prevent major safety, environmental and commercial issues that could result from a cyber incident onboard a ship. The cyber guidelines launched today a
Popular news Dec 28, 2015 – Jan 3, 2016
Major offshore energy events of 2015, Vol. 1
Offshore Energy Today interviews in 2015
To Our Valued Readers – Happy New Year!
LNG World News staff would like to thank our readers for the support in 2015 and wish you all a happy and prosperous 2016. Happy New Year!
Oil fell towards $37 (25 pounds) a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply that has more than halved prices since the downturn began in mid-2014.
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