Industry News

Iran is finalising a contract system to secure about $100bn of new oil and gas deals with western companies if sanctions are lifted. The move marks a big shift for a regime traditionally wary of foreign groups participating in its energy sector.  Click here for the full story

Oil and Gas industry, what comes after the cuts? Cost cutting has become the new orthodoxy in the oil and gas industry since the price per barrel plummeted from $115 in June 2104 to $45 in January this year.Oil prices are expected to remain stable for the rest of 2015 and edge-up in 2016 and 2017 as global demand is predicted to rise.
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Brent is trading near the bottom of its recent range in the low $60s a barrel, while the US light crude will average $56.30 a barrel in 2015, it has been reported. A survey by analysts revealed that in 2015, North Sea Brent crude is expected to average $62 a barrel. Click here for the full story
Push for shipping industry to take the lead over reducing carbon emissions.
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To find out more about the information in this newsletter speak to your Portman Marine & Offshore team on 01224 261058 or email us: marineandoffshoretravel@portmantravel.com