GLG News by Offshore Drilling Rig Experts
Analysis of:
Azerbaijan to reconstruct underground gasholders (en.apa.az)
Net gas importer
Gas Exploration the Caspian
Potential exporter
Inferior infrastructure
Trans Caspian Gas Pipeline
Analysis of:
BTC Environmental Concerns Reconsidered (www.messenger.com.ge)
BTC Project is heavily scrutinizedBiggest issue has been the environmental risks However the project design and construction used modern state of art technology
Analysis of:
TVA Delays Pollution Control at Plant (www.chron.com)
There have been many anecdotal stories of delays in scrubber retrofits. TVA at its Colbert Unit in Tuscumbia, Alabama is a recent addition to this list. The analysis section attempts to quantify the reasons for these delays, provide numbers, and the potential consequences of...
February 23, 2007
Yearly Cost Increases in Labor at UMWA-Represented Coal Mines for Companies Such as Peabody, Consol, and Jim Walters
Analysis of:
UMWA, Peabody Energy Reach Agreement (www.timeswv.com)
Yearly Cost Increases in Labor at UMWA-Represented Coal Mines for Companies Such as Peabody, Consol, and Jim Walters
Coal companies such as Peabody, Consol, and Jim Walters have recently agreed to a new five-year contract with the United Mine Workers Association (UMWA). The economics are provided below in order to help in modeling costs and revenues at UMWA-represented coal mines.
February 20, 2007
The Range of Economics for Producing Coal-to-Liquids for Syntroleum Corp and Others
Analysis of:
Air Force Tests Synthetic Fuel as It Seeks to Lessen Dependence on Foreign Oil (www.signonsandiego.com)
The Range of Economics for Producing Coal-to-Liquids for Syntroleum Corp and Others
The Air Force’s actual tests of jet fuel from coal-to-liquids and gas-to-liquids in B-52 Bomber appears to be successful. The barrier to large scale commercial application of converting the United States’ vast coal reserves to liquid fuels continues to be the high cost of the...
Analysis of:
Coal Loses Steam (www.stltoday.com)
The article points out some of the pressures on coal producers. Not mentioned in the article is the new UMWA Contract that was recently approved by Consol, Peabody, and other mining companies that will place additional pressures. The Analysis Section lists the salient points...
January 29, 2007
Railroads Forced Reduction in Fuel Surcharges is Potential Good News for Powder River Basin Suppliers Peabody, ARCH, Foundation, and Rio Tinto
Analysis of:
U.S. Bans Excessive Rail Fuel Surcharges (www.chicagotribune.com)
Railroads Forced Reduction in Fuel Surcharges is Potential Good News for Powder River Basin Suppliers Peabody, ARCH, Foundation, and Rio Tinto
The Surface Transportation Board (STB) decision on January 25 that fuel surcharges in transportation agreements must more accurately reflect the actual cost of the movement and not be a “double-dip” is potentially good news for the beleaguered Powder River Basin (PRB) coal producers....
January 29, 2007
STB’s January 25, 2007 Fuel Surcharge Decision to Affect Earnings of BNSF, UP, CSX, NS, CN, and CP (Especially UP)
Analysis of:
Feds Ban Excessive Railroad Fuel Fees (www.chron.com)
STB’s January 25, 2007 Fuel Surcharge Decision to Affect Earnings of BNSF, UP, CSX, NS, CN, and CP (Especially UP)
The Surface Transportation Board (STB) ruled on January 25, 2007 that fuel surcharges in transportation agreements must more nearly reflect the actual cost of the movement and not be a “double-dip”. This decision will impact the Class I Railroads’ coal transportation revenues for those coal transportation...
Analysis of:
BNSF Reports Increased Earnings (www.dfw.com)
The article correctly points out that the BNSF has had record earnings for the fourth quarter 2006, and full-year 2006.
The BNSF’s coal transportation business out of the Powder River Basin (PRB) of Wyoming and Montana was a major contributor in this solid fourth quarter 2006 and full-year results....
January 29, 2007
The Proposed “Coal-to-Liquid Fuel Promotion Act of 2007” to Jumpstart Coal-to-Liquids in the U.S.
Analysis of:
Sasol to Build U.S. Plant Once Legislation in Place - Report (www.miningweekly.co.za)
The Proposed “Coal-to-Liquid Fuel Promotion Act of 2007” to Jumpstart Coal-to-Liquids in the U.S.
The United States has more Btu-equivalent coal in the Illinois Basin alone than the combined oil of Saudi Arabia and Kuwait combined. The U.S. coal reserves are very attractive for coal-to-liquid (CTL) conversion. Yet, because of the high initial capital investment and potential...
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