GLG News by Offshore Drilling Rig Experts

    Coal prices are on the rise in many regions.  The sales price per ton only tells a portion of the story; the sulfur content of the coal also determines its final sales price to the customer.  Sulfur emissions credit prices affect the final sales price as discussed in...

    There are many production-related issues that point to a bullish coal market in 2008 and 2009.      The commentary section below discusses these bullish signals.

    The Wyoming Powder River Basin (PRB) Joint Line in May 2005 experienced two major derailments believed by the BNSF and the Union Pacific to be attributable to coal falling off the coal railcars on this rail line and fouling the ballast and preventing proper drainage.  Coal...

    Thermal coal into Europe continues to be above $100/tonne (metric ton) for 2008 as measured by the API 2 Index into Northern Europe.  It is up ~67% from prices for this same period quoted at the beginning of 2007.       The commentary calculates...

1. Iraq in general and Kurdish sector in particular remain as the world’s most untouched hydrocarbon reserve source amidst in the most politically turmoil country and at the highest commodity value period. 2. Respective Oil Laws and model concession agreements accepted in KRG and still negotiated in...

1.Gazprom wants to remain as monopole to supply and determine the price to Europe 2.North Stream project involved Germany as the partner 3.Proposed South Stream project targets Italy as the partner 4.Italy is already in a progressing project to bring Azeri gas to Europe via Turkey and Greece

    Coal plants utilize high-calcium limestone as a reagent in flue gas desulphurization (FGD or “scrubbers”) to remove the sulfur from the coal rather than it going up the stack as air emissions. The usage of this limestone will increase as scrubbers are included on new coal plants...

    Many previously announced coal plants have been formally cancelled or delayed this year. This is the result of either regulatory rejections or uncertainty, cost increases because of materials and labor, or environmental (CO2 emissions) issues.     U.S. Department...

    There have been several published reports of coal plant cancellations due to lack of the perceived need by regulators, differences in cost recovery in rates to consumers, the belief surrounding CO2 emissions or other reasons, Cancellation of the coal plant projects does not...

    As a quick background, a “paper barrier” is a provision contained in an agreement when a Class I Railroad sells a line segment to a Class III Railroad preventing or limiting the acquiring Class III Railroad from interchanging traffic with a connecting railroad other than the...