Archives for posts with tag: Clarksons Research

Powered by ongoing innovation, drilling activity and infrastructure projects, the US energy revolution seems to be continuing apace, with the country likely to become a consistent net crude oil exporter within a few years. But as the recent FID at the 15.6 mtpa Golden Pass LNG plant in Texas suggests, seaborne LNG trade is being significantly affected by the shale boom in the US’s vast interior too…

For the full version of this article, please go to Shipping Intelligence Network.

The year just gone was a mixed one for offshore. Incremental progress continued towards rebalancing, while some sectors saw small day rate improvements compared to 2017. Overall though, challenges persisted in an oil price environment characterised by uncertainty and volatility. Several key indicators underperformed relative to start year sentiment and the year ended on something of a negative note.

For the full version of this article, please go to Offshore Intelligence Network.

Following the recent oil price plunge, US shale oil production growth has been in the headlines once again, this time as one of the main factors behind the latest slide in oil prices. However, it can still be tricky to appreciate just how significant US shale oil output has now become to global oil markets. Comparing this year’s surge in output against some offshore benchmarks can be helpful.

For the full version of this article, please go to Offshore Intelligence Network.

Investment 101 could be summarised as: buy low, sell high and make lots of money in between. That sounds simple, and with the benefit of hindsight, it can look it too. But as anyone who follows shipping knows, this is easier said than done. Modelling returns on shipping investments in the decade since the financial crisis helps to emphasize this point, and shows how good timing always makes the difference.

For the full version of this article, please go to Shipping Intelligence Network.

Oil prices have always been big news for shipping and offshore, and are currently making the headlines. Since early October, crude prices have undergone one of the lengthiest periods of steady decline on record. Whilst the steep drops from the heights of $147/bbl in 2008 and $114/bbl in 2014 were clearly more substantial as a whole, the recent downward trend is certainly noteworthy. So what’s going on?

For the full version of this article, please go to Shipping Intelligence Network.

The Middle East is a key component of global oil production. In total, it accounts for just under 25m bpd of oil output (or 30m bpd including NGLs), of which nearly a quarter is produced offshore. The Middle East also produces 63.5bn cfd of gas (64% offshore). The majority of Middle Eastern producers are OPEC members, so the group’s decisions have a large impact on production volumes in the region.

For the full version of this article, please go to Shipping Intelligence Network.

Over the ten years since the onset of the financial crisis, it has generally been tough going for the shipping markets, but not without upside at times (see SIW 1339). Today, the bulkcarrier and containership sectors look to have made some helpful progress recently while tankers are lagging behind, but looking at earnings in the major sectors across the last ten years as a whole might just tell a broader story…

For the full version of this article, please go to Shipping Intelligence Network.