Wood Mackenzie cuts 50 bln dollars from Norwegian shelf

Analyst firm Wood Mackenzie slashes billions of dollars from its investment forecast for the Norwegian shelf. The market will reach rock-bottom in 2017 before inching up ahead of 2018, notes the firm.

by DANIEL LOGAN

Investment costs on the Norwegian continental shelf looks set to hit rock-bottom in mid-2017 before slowly rising again in light of an expected increase in the oil price and a pick-up in demand, projects analysts Wood Mackenzie in a new comment.

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Wood Mackenzie cuts 50 bln dollars from Norwegian shelf

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Analysts: Several North Sea oil projects are profitable again

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Sign up for our newsletter

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs