GLG News by Offshore Drilling Rig Experts

    The EPA is currently being challenged in the courts by both the states and industry over various aspects of the Clean Air Interstate Rule (CAIR).  The outcome of the case could provide an opportunity for those trading SO2 allowances.

    SO2 allowances are traded daily in the broker and private party markets.  The value of these credits are down, affecting both the cost to generate electricity on coal and the realized sales price received by coal suppliers.

    The Clean Air Interstate Rule (CAIR) requires a further reduction in NOx from coal-fired power plants starting in 2009.  This reduction in NOx will add to the dispatch cost from coal-fired generation.

DNO officials increasingly more transparent, expressed their strong believes that the regional Kurdish government authorities gave indications of agreement between the regional and central government in oil export rights. If achieved, this would mean an agreement on oil revenue sharing and oil law for...

    Coal lease rates in the PRB are climbing and will cut in coal companies’ margins as exhibited by Foundations recent successful lease bid and Rio Tinto’s higher, but unsuccessful bid.  Also, the upfront payments are due often before the coal is even mined.

    Railroads impose fuel surcharges in transportation agreements such as for coal transport, but the recovery mechanism timing follows the railroads’ purchase of the fuel causing an earnings lag.     Also, legacy coal transportation agreements do not have fuel...

    New Jersey vs. EPA was filed by several states and environmentalists against the EPA’s removal of power plants from the list of mercury sources subject to a Maximum Achievable Control Technology (MACT) standard and that mercury cannot be regulated by a cap and trade system under...

    The Citigroup reports states U.S. coal supply is ample and coal plant inventory levels are adequate such that the higher coal prices of the last several weeks will not hold.  The discussion in the commentary section addresses U.S. coal supply and coal plant inventory and...

Older PSA agreements are under revision for interest dilution in Northern Iraq by the Kurdish Regional Government. At the end of last year more than 15 new agreements were signed with foreign companies. The release of new well activity by DNO in their Erbil EPSA is the first discovery well this year....

Neither new discovery nor exploration activity is reported in the Caspian region. This project, if proves to be fruitful may catalyze new interest to the region.