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Oil and Gas Coal and Consumable Fuels

  • CALGARY, Alberta, April 28- As global oil majors pull out of Canada's oil sands, domestic companies are buying up assets and betting technology and economies of scale will enable them to turn a profit despite low crude prices. Three of Canada's biggest oil and gas companies reported first-quarter earnings and held annual general meetings this week, in which they...

  • HOUSTON, April 28- Rising crude prices helped Chevron Corp and Exxon Mobil Corp easily beat analysts' quarterly profit expectations on Friday, setting an upbeat tone as the two companies press ahead with shale oil expansions. Chevron swung to a $2.68 billion quarterly profit and turned cash flow positive, earning more than it spent, a milestone Wall Street...

  • A coal miner shines his head lamp on coal transported on a conveyor belt after being sheared off the wall during longwall mining operations at the Consol Energy Bailey Mine in Wind Ridge, Pennsylvania.

    A measure by Rep. Tim Murphy could jeopardize pressure on coal companies to permanently fund retirees' health care, Huff Post reports.

  • HOUSTON, April 28- Rising crude prices helped Chevron Corp and Exxon Mobil Corp easily beat analysts' quarterly profit expectations on Friday, setting an upbeat tone as the two companies press ahead with shale oil and liquefied natural gas expansions. Chevron swung to a $2.68 billion quarterly profit and turned cash flow positive, earning more than it spent, a...

  • The stock fell more than 9 percent in Toronto trading to C $12.92, even though Cameco maintained its full-year guidance for deliveries and revenue. Tokyo Electric Power, the operator of Japan's wrecked Fukushima nuclear plant, scrapped its uranium supply contract with Cameco, the company said in February. "While the market will view the earnings miss as a...

  • CALGARY, Alberta, April 27- Suncor Energy Inc, Canada's largest energy producer, is still evaluating opportunities for oil sands acquisitions in northern Alberta as foreign oil majors exit the high-cost region, Chief Executive Steve Williams said on Thursday. Williams said there are a number of companies that have talked about an interest to move away from...

  • WASHINGTON— Congress is close to a deal to extend health benefits for more than 22,000 retired miners and widows whose medical coverage is set to expire Sunday, coal-state lawmakers said Wednesday. Joe Manchin, D- W.Va., and other lawmakers. Trump, who has repeatedly vowed to revive the struggling coal industry, won West Virginia, Kentucky and other coal-producing...

  • April 26- Canadian oil company Cenovus Energy Inc reported a quarterly profit, compared with a year-ago loss, helped by lower operating costs and higher oil sands production. The company's net profit was C $211 million, or 25 Canadian cents per share, in the first quarter ended March 31, compared with a loss of C $118 million, or 14 Canadian cents per share, a year...

  • TORONTO, April 25- Teck Resources Ltd, North America's largest producer of steelmaking coal, reported earnings and revenue that lagged expectations on weakness at its zinc unit, sending its U.S.-listed shares down about 6 percent. TD Securities analyst Greg Barnes said the earnings miss reflects lower sales and higher costs at Teck's zinc unit, which he had...

  • April 25- Canada's Teck Resources Ltd, North America's largest producer of steelmaking coal, reported lower-than-expected profit due to higher costs, lower production and sales volumes. Unit production costs in the first quarter rose by C $13 to C $56 per tonne from a year ago. Teck, which also mines gold and silver, said adjusted profit attributable to...

  • BOGOTA, April 24- Colombia's government will seek congressional approval to harmonize national and local mining laws, the mines and energy minister said on Monday, as legal wrangling over environmental regulations and community opposition threaten investment. The move caused uncertainty among investors in Colombia, the world's fifth-largest producer...

  • April 24- Anglo American reported a 9 percent rise in overall production for the first quarter of 2017 compared with 2016, but copper output fell 3 percent due to poorer grades and a temporary suspension at the El Soldado mine in Chile. Copper output fell 3 percent due to poorer quality ore in Chile combined with the halting of mining operations at El Soldado from...

  • Joe Manchin and other coal-state Democrats threatened to shut down the government over the issue in December, but they retreated after winning a four-month extension that preserves benefits through April 30. "We will use every vehicle we can, every pathway we can, to make sure we do not leave here... until we have our miners protected," he said in a speech on the Senate...

  • CALGARY, Alberta/ NEW YORK April 19- The Syncrude Canada oil sands project will run at reduced rates in May and June while maintenance work that was brought forward after a fire at the plant last month is completed, majority-owner Suncor Energy said on Wednesday. Two trading sources in Calgary said Syncrude also issued an update to customers reiterating its most...

  • The May 2016 fire ripped through the oil sands hub of Fort McMurray, destroying 10 percent of homes in the remote city of 88,000 people and shutting in more than a million barrels of crude production. Still, Fort McMurray has added eight new firefighters and begun fire-prevention measures like preemptively burning off vegetation that could fuel fires.

  • The May 2016 fire ripped through the oil sands hub of Fort McMurray, destroying 10 percent of homes in the remote city of 88,000 people and shutting in more than a million barrels of crude production. Still, Fort McMurray has added eight new firefighters and begun fire-prevention measures like preemptively burning off vegetation that could fuel fires.

  • The May 2016 fire ripped through the oil sands hub of Fort McMurray, destroying 10 percent of homes in the remote city of 88,000 people and shutting in more than a million barrels of crude production. Still, Fort McMurray has added eight new firefighters and begun fire-prevention measures like preemptively burning off vegetation that could fuel fires.

  • The May 2016 fire ripped through the oil sands hub of Fort McMurray, destroying 10 percent of homes in the remote city of 88,000 people and shutting in more than a million barrels of crude production. Still, Fort McMurray has added eight new firefighters and begun fire-prevention measures like preemptively burning off vegetation that could fuel fires.

  • *OPEC to meet May 25 to consider output cut extension. The oil market has been caught in a tug-of-war between forecasts that OPEC production will remain at reduced rates and bearish reports suggesting U.S. production is rising, preserving a supply overhang in the market. "We're right at the battle ground: the bulls and the bears are facing off against each other,...

  • *OPEC to meet May 25 to consider output cut extension. *UAE minister sees healthy demand growth, falling crude stocks. At a time when OPEC and other producing nations have been trying to cut output, government drilling data showed U.S. shale production next month was set to rise to 5.19 million barrels per day.