GLG News by Offshore Drilling Rig Experts

For over 100 years, the Western international oil and gas companies (IOC's) have dominated the global oil and gas scene.  However, their technology and personnel ranks were decimated by the layoffs of the 1980's and 90's. Now, the national oil companies (NOC's) are becoming increasingly tough global...

    If low water levels used for cooling caused nuclear plants to operate less or back-off entirely at certain locations, this would be bullish for coal-fired (and natural gas-fired generation) and mitigate or cancel the concerns of an economic slowdown on coal-fired electricity...

Allis-Chalmers announced their intended buy-out of Bronco Drilling at a price that is significantly above the company's last closing price, but still at about a 20% discount to Bronco's 52 week high.  Just as importantly, ALY is using their own beaten-down stock to underpin about 30% of the purchase...

The manpower shortage in the oil and gas sector has reached legendary proportions with one major oil company reporting that up to 70% of their technical workforce could retire in the next 7 years.  In the meantime, oil prices remain at record high levels as do profits and investment.  Given...

    Discussion has been made that a U.S. recession will cause a decline in coal consumption by the electric power sector.  This is unlikely based on coal’s relative cost to generate electricity and the historical coal consumption by the electric power sector in previous economic...

This week President Bush made a widely reported entreaty to the Saudis to increase their oil production.  Their public reaction, as gleefully reported by the mainstream media, was almost dimissive; however, the Saudi's have many key "constituents" to please and do not always do in practice what...

    Coal generators have been taking efforts to reduce sulfur dioxide (SO2) emissions from coal-fired power plants.  Regulated utilities are required to treat the reduced SO2 emissions differently than unregulated utilities, merchant generators, and independent power producers...

    The Pacific Northwest has a tremendous amount of installed hydroelectric capacity.  The first and second quarter earnings of the investor owned utilities in the Pacific Northwest very greatly with hydroelectric conditions.  Preliminary reports are robust for the snowpack...

    Van Eck’s Market Vectors Coal ETF (KOL) is designed to track the coal markets through the recently released Stowe Coal Index.  The index is comprised of 60 companies around the world in the coal industry.       Comments that follow discuss the...

The prevalent view of the technology naysayers in today's world seems to be that: 1.  Drilling in particularly difficult areas presents potentially unsolvable problems for the oil and gas industry and 2.  The value of these resources may well be exceeded by the cost of their finding, development,...