Page 34: of Maritime Reporter Magazine (June 2015)

The 2015 The 2015

YearbookYearbook

Oil’s Downward Spiral

Stalls LNG’s AscentStalls LNG’s Ascent

As industry embraces gas, emissions regulations loom large and bunker logistics options develop, LNG’s fortunes nevertheless get a boost.

By Patricia Keefe or every gleeful con- since the mid-1980s. As oil giants slash and regulation of its heavier cousin. administration from Pennsylvania State sumer at the pump, CapEx, Halliburton and other indus- “At the moment, we’re not really see- University and a BS in marine science and stockpiling tank- try players layoff thousands and record ing a big degree [of use] in LNG,” says from the State University of New York er anchored offshore, numbers of oil rigs go of? ine, less obvi- Jim McCaul, founder and managing Maritime College, spoke with Maritime there’s a correspond- ous is the impact of the latest oil market director of International Maritime As- Reporter & Engineering News recently ing trail of businesses blow out on the growth of lique? ed natu- sociates, consultants in the maritime, about how issues such as crude pricing, that are struggling ral gas (LNG). But, LNG’s fortunes are offshore oil and gas. McCaul, who has demand, emissions regulations and bun- to ride out the worst very much tied in ways both positive and a PhD in economics from the Univer- ker pricing and infrastructure are in? u-

F price drop in crude negative to the ups and downs of pricing sity of Maryland, an MS in business encing the business plan for LNG. 34 Maritime Reporter & Engineering News • JUNE 2015

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