Coal Output Continues Downward Trend

first_img FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):U.S. coal production is down for the second straight quarter and average employment held flat compared to the prior period, according to an analysis of preliminary first-quarter data available from federal regulators.Coal companies have been finding opportunities in export markets in recent months, but continue to face a declining domestic customer base that has been hesitant to buy much coal, at least at the prices companies are seeking. While the export opportunities appear to have given a boost to the balance sheets of the parts of the sector that have reported earnings so far, coal volumes fell about 3.1% as average coal employment ticked up less than one-third of a percent in the period.Mines reporting data so far produced 186.6 million tons of coal in the first period, according to an S&P Global Market Intelligence analysis of available data from the U.S. Mine Safety and Health Administration, down from 192.7 million in the fourth quarter and down from 195.2 million tons from the same mines in the year-ago first quarter. The analysis excludes historical mine production and employment data for mines that did not yet have first-quarter data available. Mines reporting so far in the first quarter accounted for about 96% of reported coal production and about 98% of reported employment in the fourth quarter of 2017.While an aging coal fleet continues to dwindle and high utility stockpiles leave many power generators with the option to delay coal purchases, seaborne buyers of coal have created an outlet for some producers to pull tons out of the domestic market. Companies reporting earnings so far have touted success in both thermal and metallurgical coal markets abroad.Metallurgical coal markets tend to be more volatile and as a swing supplier, the U.S. traditionally supplies the market when prices go higher. Seaport Global Securities analyst Mark Levin recently said that for this cycle, much of the lowest-hanging production fruit has been picked at U.S. coal operations that have ramped up or recovered from production issues last year. While new projects are under development, he noted that greenfield development, even for high-margin metallurgical coal mines, has been “relatively sparse.”More ($): Early Data Hints At Coal Volume Decline, Flat Employment In Q1’18 Coal Output Continues Downward Trendlast_img read more

Management Buyout for UK’s Salos Sunesis

first_imgOffshore oil & gas performance improvement specialist, Salos Sunesis, has recently carried out a management buyout, which has enabled director Grant Wallace to acquire the Aberdeen-based company from founder Ty Crandall.The company was formed 21 years ago, and during this time the team has assisted in the successful delivery of over 70 of the most challenging high pressure high temperature (HPHT) wells around the world.Transferring knowledge from these challenging wells, Salos delivers performance focused auditing, coaching and training to maximise efficiency whilst ensuring safe well delivery.Grant joined the business in 2013 and saw an opportunity to develop its service offering, which now includes managed pressure drilling (MPD) project services. He has also brought industry stalwart, Bob Dickson onto the senior management team as the company’s operations manager.Bob has held senior positions such as subsea wells manager with Talisman and has over 35 years experience in the industry covering many aspects of drilling engineering and management.  He has managed projects in the North Sea, Middle East, Russia, Norway and North Africa.Grant Wallace, managing director at Salos Sunesis, said: “The MBO has allowed the team to build on the last two decades of expertise.   We are very positive about the future potential of the business and with increased enquiry levels we are seeing strong signs of the sector recovering.  Bob’s appointment is another indication of our drive and ambition to grow the company by focussing on delivering value and assurance to our clients.  He brings a wealth of expertise and insight to the team and more importantly our clients to enhance performance at the well site.”last_img read more

Caldwell, Argonia boys teams fall in sub-state semifinal action

first_imgArgonia’s Kolton Koerner gets pressure from Ashland James Jordan, Sumner Newscow — Attica blew past Caldwell 67-42, and Ashland nipped Argonia 45-39 Thursday in the semifinals of the a Class 1A District tournament in Caldwell. Attica will face Ashland in the finals Saturday. Girls’ semifinals are sets for Friday night. On the girls side, Attica and Cunningham play at 6 Friday, followed by Caldwell and Norwich at 7:30. The Girls finals are at 6 Saturday, followed by the boys at 7:30.Here is a wrap up of the two games Thursday in Caldwell.Attica 67, Caldwell 42It was the Devon Newberry show in the first half of this game, as Attica took a 20-6 lead at the end of one quarter and never looked back. Newberry scored 22 of his 28 points in the first half.  He had 12 in the first quarter and hit four 3-pointers in the first half. Attica had a total of six in the first half and led 40-17 at intermission.Attica was shooting very well, and their tight defenses didn’t let Caldwell have many shots.The teams traded baskets in the second half.For Attica Jacob Norris scored 17 and Brady Ricke added eight.Colten Ward led Caldwell with 17, and he started each half with a 3-pointer. Dilyn Volavka scored 10 for Caldwell and Jalen Risley had eight.Caldwell closes its season at 12-9 and Attica moves on at 19-2.Argonia’s Evan Dolley gets an inside layup during battle against Ashland.Ashland 45, Argonia 39Ashland scored eight unanswered points in the final minute and a half to win this back and forth game that saw a lot of lead changes. Argonia led 39-37 when Ashland’s Michael White converted a three-point play to put his team in front 40-39.In the final minute, Caldwell had turnovers, and missed shots which Ashland rebounded. Down the stretch the Ashland Blue Jays hit five of six free throws to get the final margin..Ashland led 11-8 after one quarter, but Argonia stormed back. The Raiders ended the second quarter on a 6-0 run to erase a five-point deficit and led 18-17 at the half.Argonia seemed to take over in the third quarter, The Raiders went on a 10-2 run to end the third with a 30-23 lead.That is when Ashland took over. The Blue Jays started hitting shots it had been missing, and began to utilize its size advantage under the basket more.  Ashland rallied and a 3-pointer by Nathan Reimer tied the game at 35 with 2:32 left.Kolton Koerner led Argonia with 12 and Jason Hess scored nine. Kole Konrade led Ashland with 12.Argonia ends its season at 14-7 and Ashland is now 14-6.Follow us on Twitter. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more