Latest news from Heavy Lift & Project Forwarding International Magazine

Oil majors must remain integrated

May 26 - The best way for oil companies to survive the current low prices is to remain integrated, according to Ed Osterwald, senior partner, CEG Europe. Oil companies such as BP that sell refineries when margins are low will suffer more and might not eve

He suggested that Canada, in a sense, is in the same situation that the Middle East was in 30 or 40 years ago; Canada is now realising that it needed to invest in adding value to its natural reserves with processing and chemical plants. 

"Just because oil prices go down, it does not always mean there is no investment," he said. But it is a mixed message for the heavy lift and project forwarders attending the exhibition as history shows that when oil prices go down, capital, labour and other costs go down as well.

Osterwald predicted that renewable energy sources would replace coal but that oil and gas would continue to be vital until the technological solutions for mass energy storage were found. 

www.ceg-global.com

Heavy Lift | News

Crowley names Goldenberg thumbnail image

Crowley names Goldenberg

May 28 - Crowley Logistics has promoted Bob Goldenberg to vice president, commercial operations.
Views: 251
Wilson and Arkon partner up thumbnail image

Wilson and Arkon partner up

May 28 - Wilson and Arkon Shipping have agreed to combine parts of their operations and create one of the largest shortsea bulk shipping players in Europe.
Views: 361
BIFA repeats its call for Brexit extension thumbnail image

BIFA repeats its call for Brexit extension

May 28 - A recent survey of members of the British International Freight Association (BIFA) has revealed that the majority of freight forwarders believe an extension to the Brexit transition period is desirable.
Views: 339

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.