GLG News by Offshore Drilling Rig Experts

Non-OPEC production growth excluding Angola is expected to decline by over 200 kbd in 2007 and by over 750 kbd in 2008 putting additional pressure on crude supply. Of additional concern is that a great portion of that decline has come from areas far more politically stable than other major...

A quick look at the location of the ethanol plants will reveal that most are located in corn producing regions. That isn't particularly surprising. However, within those regions the majority of the ethanol plants are located as far from the river systems as possible. The reason for this is that corn...

    The Surface Transportation Board (STB) is asking for comments on its new definition of a “contract”. This could trigger a benefit to the railroads, such as Union Pacific, BNSF, Norfolk Southern, and CSX).

    The Dakota Minnesota & Eastern (DM&E) was turned down for its application with the Federal Railroad Administration (FRA) for approximately $2.3 billion in Government-backed loan guarantees through the Railroad Rehabilitation & Improvement Financing (RRIF) out of...

    The Energy Information Agency (EIA) has been overstating the coal production cuts in the Central Appalachian region.. Those that have been utilizing the EIA numbers for modeling coal producer sales from the Central Appalachian region or for estimating coal inventories at utilities...

    Massey had a one-two punch of news. The first, which is the linked resignation letter, was the abrupt departure of two Board Members from Third Point Capital. The second was the Federal District Court of Southern West Virginia’s ruling on June 13, 2007 rejecting the practice...

The analysis does a fine job of describing the good points of wind power. That's the "good" in the title. The "bad" is that just adding transmission capacity will not solve the real problem with wind which is that it is an opportunistic supply. In order to utilize it, every kilowatthour needs to...

This article describes BP's recently announced project to install facilities for production of viscous oil with sand.  It has some implications for the future progress of oil sands development, as well.  This project may be among the list of future types of activities for the major oil companies...

    As the article points out, Massey Energy was hit with an EPA lawsuit for approximately $1.7 billion alleging violation of the Clean Water Act. The EPA issued the suit based on Massey exceeding the average monthly or daily permit limit between January 2000 and March 2006.     The...

Demand for oil and gas continues to increase while traditional sources of the oil dry up (i.e. the Gulf of Mexico). New sources must me explored and produced like shale oil in the US and Canada, Alaska and offshore east and west coast USA. Secondly, refinery capacity must be increased. The same people...