GLG News by Council Members Knowledgeable on Jackup Drilling Rigs

For over 100 years, the Western international oil and gas companies (IOC's) have dominated the global oil and gas scene.  However, their technology and personnel ranks were decimated by the layoffs of the 1980's and 90's. Now, the national oil companies (NOC's) are becoming increasingly tough global...

Allis-Chalmers announced their intended buy-out of Bronco Drilling at a price that is significantly above the company's last closing price, but still at about a 20% discount to Bronco's 52 week high.  Just as importantly, ALY is using their own beaten-down stock to underpin about 30% of the purchase...

The manpower shortage in the oil and gas sector has reached legendary proportions with one major oil company reporting that up to 70% of their technical workforce could retire in the next 7 years.  In the meantime, oil prices remain at record high levels as do profits and investment.  Given...

This week President Bush made a widely reported entreaty to the Saudis to increase their oil production.  Their public reaction, as gleefully reported by the mainstream media, was almost dimissive; however, the Saudi's have many key "constituents" to please and do not always do in practice what...

The prevalent view of the technology naysayers in today's world seems to be that: 1.  Drilling in particularly difficult areas presents potentially unsolvable problems for the oil and gas industry and 2.  The value of these resources may well be exceeded by the cost of their finding, development,...

1. Iraq in general and Kurdish sector in particular remain as the world’s most untouched hydrocarbon reserve source amidst in the most politically turmoil country and at the highest commodity value period. 2. Respective Oil Laws and model concession agreements accepted in KRG and still negotiated in...

1.Gazprom wants to remain as monopole to supply and determine the price to Europe 2.North Stream project involved Germany as the partner 3.Proposed South Stream project targets Italy as the partner 4.Italy is already in a progressing project to bring Azeri gas to Europe via Turkey and Greece

The issue of access to crucial transmission infrastructure is not limited to wind power. Much the same argument can be made about pipeline access for non-conventional natural gas developments in areas of the midwest or indeed for conventional forms of merchant power generation. Ask any merchant generator...

Let there be no doubt that the recently passed House bill to extract US$16bn in new taxes is just a harbinger of things to come - especially if the Dems win the White House next year as they seem likely to do.  Ms. Clinton is going to make the O&G industry the new symbol of corporate excess. ...

1.  The combination of these two unique and innovative competitors in a very limited market is a one-of transaction. 2.  The companies themselves are operating at their historical highs and have all the capital and opportunities they need to grow independently. 3.  So...the only rationale...