• Teekay LNG Partners Secures Long-Term Financing...

    Teekay LNG Partners L.P. today announced the completion of an $816 million(1) long-term debt facility to finance all six of the Partnership’s 50-percent owned ARC7 LNG carrier newbuildings, the first vessel of which is scheduled to deliver in January 2018, and the remaining vessels through to early-2020. These newbuildings will service the Yamal LNG project under charter contracts with firm charter periods out to 2045 plus option periods.

  • In search of fiscal ‘win-win’ to spur upstream...

    Brazil and Guyana dominate the low end of the cost curve for pre-final investment decision projects. Both yield giant oil discoveries in world-class reservoirs – a winning combination that delivers outstanding project economics. Spectacular bids for Brazil pre-salt acreage in September prove that an industry that’s capital constrained still lusts after these resource sweet spots

  • The Impact of Decarbonization on Shipping Finance

    “Many global financial institutions have committed to bringing their portfolios in line with the transition to a low-carbon economy. To fully achieve this, they must address the climate risks to hundreds of billions of dollars in shipping investments that will emerge as soon as 2023.” - Maurice Meehan, Director of Global Shipping Operation, Carbon War Room


Are cost rises inevitable for global upstream?

Operators believe the current downturn is different to previous crashes with most savings made since 2014 here to stay; our analysis points to a less clear-cut picture. Although undoubtedly some savings will stick, what conclusions can we draw before cyclical drivers weaken, revealing a reshaped industry and supply chain?


Shipping Confidence at Three-Year High

Shipping confidence held steady at its highest rating in the past three-and-a-half years in the three months from September to November 2017, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens.


Oil hovers below 2-year highs

Oil prices were mixed, lingering below two-year highs as the continuing outage of a North Sea pipeline gave support, while climbing US output and weak gasoline demand kept a lid on gains.