GLG News by Coking Coal Experts

    The most recent Surface Transportation Board Rate Case filed by Oklahoma Gas & Electric (OG&E) against the Union Pacific Railroad (UP) for coal transportation from the Powder River Basin to the Muskogee coal plant actually shows the attractiveness of this move to the...

    Another coal-transporting utility has filed a Rate Case at the Surface Transportation Board (STB) alleging excessive rates for coal transportation.  This most recent case was filed by Oklahoma Gas & Electric (OG&E) against the Union Pacific Railroad (UP) for coal...

    The suit alleges four of the Class I Railroads violated Federal antitrust laws with respect to fuel surcharge.  The four Class I Railroads in the suit are CSX, Norfolk Southern, BNSF Railway, and Union Pacific Railroad.  The time period is July 2003 through June 20...

As a result of the tightening of credit and the drop in crude oil prices Oil company executives will act rationally with regard to what they perceive as in the best interests of their firms.  This will involve a focus on cash generation through 1. focus on production 2. reduction in costs...

    The Dakota Minnesota & Eastern (DM&E) Railroad was recently acquired by the Canadian Pacific (CP) Railway.  The DM&E has for years been proposing an extension to the Wyoming Powder River Basin coal reserves.  This project, if commenced, would upgrade an...

Syria is a declining oil producer under US Embargo. Sinopec is expanding their spheres in oil and gas production besides their core refining business. The Tanganyika acquisition is a difficult operation due to intense reservoir technology. If Tanganyika success continuous with this takeover, it will...

Issues that will impact projects going forward are: 1. slower world growth 2. the relative attractiveness of other competing projects worldwide 3. availabilty of finance generally will be increasingly difficult and costlier to obtain 4. in line with point 3 perceived PNG risk will become more expensive...

    The year-to-date and outlook for many of the items transported by the U.S. railroads are down, coal transportation has been positive.  The discussions that follows list some of the positives for the railroads.

    Coal companies have issued force majeure declarations to customers due to various production-related issues.  These are discussed in the section below.

Major implications are in the safety of the contracts signed with the Kurdistan Regional Government and requirement of more funding in the absence of oil exports.