GLG News by Oil Sand Experts

Easily lost in the current hype over Berkshire Hathaway's purchase of a controlling stake in the Pritzker family's Marmon Holdings was Warren Buffett's early December purchase of $2.1 billion in high-yield TXU (the Texas utility company) bonds.  Buffett characterized...

In an effort to promote energy independence, Japan is joining with the U.S. and Canada in test drilling for methane hydrate, natural gas trapped in deposits of solid water in arctic regions (permafrost) and below ocean floor sediments.  Japanese efforts are building on earlier...

    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...

Federal bankruptcy court has finally approved Calpine's plan to emerge from Chapter 11 bankruptcy.  The large U.S. merchant power producer has been under bankruptcy protection for two years, and expects to emerge in early February 2008.  The company received a one-week extension for closing...

Production at the BP/BHP Billiton Atlantis project actually began in October, with the start of commissioning.  The most recent milestone represents that Atlantis' facilities are fully commissioned, even as much drilling lies ahead in adjacent areas.  The Gulf of Mexico's Atlantis facility...

    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...

Large German utility RWE AG may purchase up to a 50 percent stake in the U.S.-based LNG company Excelerate Energy, a privately-owned company that operates LNG terminals in Louisiana (offshore) and the U.K. (Teeside) and three LNG ships.  Excelerate is currently...

ExxonMobil has proposed an offshore LNG facility to be built 20 miles from the coast of New Jersey's Asbury Park.  The $1 Billion, 1.2 Bcf/d facility could be operational as early as 2015.  The floating platform would provide natural gas for the New York and New Jersey markets.