Industry

  • Job losses and project cancellations: the new normal?

    Oil prices forecast to remain low for near term BP has cut 300 North Sea oil and gas jobs as a result of falling wholesale prices, Sky News report. The job losses – 200 BP workers, and 100 contractors – all come in Aberdeen. BP reaffirmed its commitment to the North Sea on the news, […]

  • Asian LNG Price Drop Predicted

    Survey of analysts in agreement of expected 30% drop in 2015 due to oversupply and low oil cost. Asian LNG prices could drop by a third next year, a survey of analysts and forecasters by Reuters believes. The precipitous drop from average prices of around $15.50/MMBtu this year to nearer $11.00/MMBtu next year is largely […]

  • How Gas Won The World Cup

    Allegations revealed in cache of documents claim gas deals played major role in Qatar’s bid. A gas deal “that was potentially worth tens of millions of dollars” has come under scrutiny as The Sunday Times investigates alleged corruption in Qatar’s winning bid for the 2022 World Cup. The gas-rich emirate that won the bid to […]