GLG News by Offshore Drilling Rig Experts

    The recent plunge in SO2 allowance prices may affect the decisions of coal-fired power plant owners.

    The D.C. Circuit Court of Appeals ruling on February 8, 2009 in favor of the plaintiffs that coal plants could not be removed from the list of mercury sources subject to a Maximum Available Control Technology (MACT) standard and the subsequent movements to require EPA to set...

DNO 2008 First Quarter results reveal the latest action in the North Iraq petroleum business. Results show the effects of revised PSA terms, amount of finding and development costs. It also shows the power that the controlling authority has over the equity rights.

There is large number of speculators who have placed new building orders at various shipyards. They have ordered ships, in order to sell it at a higher price. Currently 500 million DWT of ships are on orderbook. 7 billion tonnes of trade capacity get added for each million DWT of ships. Hence, close...

Performance of companies with newer fleet will be better than the ones with older fleet. Newer vessels would command higher day rates, have higher utilization, and work on lesser operating costs. This would lead to Older Offshore Supply Vessels moving out of water gradually.

    All of the various regulations being discussed in the U.S. Congress to slow, stabilize, and then reduce CO2 emissions nationally include some type of cap and trade system.  Each of these programs have a portion of the CO2 emissions allowances being allocated for free to...

    The biggest driver for orders of coal railcars will be the new coal plants coming on line the next few years.  The commentary section below discusses the number of new coal plants presented by FreightCar America on its Q1 2008 conference call versus an updated analysis by...

·        Iraqi Oil Ministry opposes foreign or private ownership of natural assets, as contemplated by the production sharing type contracts (PSCs). ·        PSCs allow the oil companies book their share of the reserves...

 BP and CoP seem to be making an early commitment to build the Arctic Gas Line.  However,  when all of the underlying issues and politics are analyzed, the impartial observer has to ask if this is a "real" alternative to the other options that have been put forward or is it competitive...

    The BNSF and other railroads charge in new coal transportation tariffs and contracts a fuel surcharge to recover the cost of fuel.  Other freight moves also come under fuel surcharges.  The commentary that follows discusses by the numbers the BNSF’s fuel surcharge on...