GLG News by Offshore Drilling Rig Experts

The simple fact is that the world is no where near running out of oil and/or natural gas.   Former Aramco Chief Engineer and spokesperson Nansen Saleri has spoken with uncommon clarity on this issue; most recently in a Wall St. Journal Article on March 4th titled “The World Has Plenty of Oil.”...

LNG has long been considered a panacea for US gas demand and a price-dampener in the near term.  However, the fact remains that there is simply not enough LNG supply available at competitive prices to meet any significant new demand from recently-built or in-progress US LNG terminals.  Any...

Government of India may not ban iron ore exports as requested by Ratan Tata. Banning would lead to protectionist, but could impose higher export duty to discourage exports. Increasing iron export price, would force China to import ore from other alternative locations mainly Australia and Brazil....

Rising oil price increases offshore exploration and production expenditure. This translates into larger business for offshore drilling company. With increasing oil price, drilling in deeper waters is viable. Transocean is currently drilling at water depth of 10,000 ft. This will increase to 12,000 ft...

    The anticipated export of Eastern U.S. coal in 2008 and 2009 will need to be sourced in great extent from the Powder River Basin (PRB).  This is in addition to the new coal plants coming on in 2008 and 2009 using PRB coal. The discussion below provides a forecast on...

    The global coal availability and price has provided the opportunity for U.S. Eastern coals to be placed in export to Europe.  This has dramatically increased Eastern coal prices.  This provides an opportunity for Western Powder River Basin (PRB) coals.

    The increase in coal prices will obviously increase the electricity generating costs at a coal plant exposed to these price increases.  The impact to Independent Power Producers (IPPs) and their potential margins is understood.  Regulated utilities, on the other hand,...

    The global coal availability and subsequent coal price explosion has provided a great benefit to Eastern U.S. coal producers.  The Western U.S. coals may not be able to appreciably directly-participate in the export surge.

The idea of cutting jobs to reduce costs has been the bane of the energy industry since the price crash of the mid-1980's resulting in enormous job losses and set the stage for today's vast shortage of personnel and human resources.  Despite such a vivid object lesson, both BP and Shell...

The Bloomberg article presents the view that the largest of the international oil companies will increasing find their access to major projects compromised by the intrusion and involvement of well-funded and frequently publicly traded National Oil Companies such as Petrobras, Gazprom, and PetroChina. ...