Thursday Oct 12, 2023
EVOL:Gas supplies, the methanol option and M&A
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Terrible news this week from the Middle East, with a Hamas terrorist attack throwing Israel into disarray. One outcome of this was a decision to restrict exports, coinciding with potential sabotage on the Balticconnector, adding up to more pressure on the European gas market.
Allister, meanwhile, has spent the week digging into methanol as a fuel for North Sea platforms. The fuel seems like an attractive option, but shortcomings on supply have prevented growth – as yet.
And finally, the team take on the outlook for M&A in the services sector. While the offshore wind sector is under pressure as a result of profit challenges, the positive longer-term outlook should drive deals.
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