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Oil and Gas Coal and Consumable Fuels

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  • Among the challengers were coal company Peabody Energy Corp and utility American Electric Power Co Inc.. The appeals court ruled that the EPA would have to revise sulfur dioxide emissions budgets for four states and nitrogen oxide budgets for 11 because it had asked them to reduce their emissions by more than required. The EPA has "required states to reduce...

  • Mozambique coal: boom to bust to wait it out Tuesday, 28 Jul 2015 | 10:20 AM ET

    Just a few years ago, billions of dollars poured into Mozambique, one of the world's poorest nations, in a twin scramble for inland coal and offshore gas. "At this stage Mozambique is not a coal story any more. "It's really a liquefied natural gas story now and I think the government is shifting its focus from coal to LNG," she told Reuters on the sidelines of a Mozambique...

  • July 28- Peabody Energy Corp said it was suspending its quarterly dividend, reducing production of steel-making coal and cutting jobs to stem losses as coal prices remain stubbornly low. Peabody said it was cutting 550 jobs, including 300 across mines in Australia and 250 corporate and regional support positions, and closing some offices in Wyoming.

  • MAPUTO, July 27- A coal stacker has collapsed at the Mozambique port of Nacala, dealing a blow to Brazilian miner Vale's effort to start coal shipments from the African nation in the third quarter, sources told Reuters on Monday. The giant piece of machinery, which is used to handle coal and other bulk materials, buckled last week, according to a mining industry...

  • BILLINGS, Mont.— The Northern Cheyenne tribe is planning additional investigations of cultural sites along the path of a proposed railroad that would open new areas of southeastern Montana to large-scale coal mining. Tribal Councilmember Conrad Fisher said elders will revisit areas previously surveyed by contractors for the Surface Transportation...

  • Why governments must rethink coal's role: OECD Friday, 24 Jul 2015 | 6:00 AM ET
    Why governments must rethink coal's role: OECD

    Angel Gurría, Secretary-General of OECD, says putting an end to the use of coal can be done without losing competitiveness worldwide, and why Cop21 is a "great opportunity" to address it.

  • CHICAGO, July 23- Union Pacific Corp, a railroad contending with declining coal, energy-related and agricultural freight volumes, sees some signs that consumer demand for cars and other big-ticket items will help boost business, its top executive said on Thursday. Earlier on Thursday, Omaha, Nebraska- based Union Pacific, the largest U.S. railroad, reported a...

  • Cuadrilla to appeal UK council's anti-fracking decision Thursday, 23 Jul 2015 | 11:35 AM ET

    LONDON— Cuadrilla Resources Ltd. says it will appeal a local authority decision to block the oil and gas exploration company's bid to frack shale gas in northwest England— a setback for plans to establish a fracking industry in Britain. Lancashire county councilors last month rejected plans for exploratory drilling at two sites about 240 miles northwest of...

  • UNP CEO: Coal volumes down nearly 30% Thursday, 23 Jul 2015 | 10:50 AM ET
    UNP CEO: Coal volumes down nearly 30%

    Insight on earnings, with Lance Fritz, Union Pacific president and CEO, who also discusses the impact coal, crude and natural gas pricing has on business.

  • July 23- Canadian miner Teck Resources Ltd reported a better-than-expected quarterly profit on Thursday, reflecting higher metals sales and lower costs, but said coal output could need further cutbacks if grim market conditions continue. Vancouver- based Teck reported adjusted earnings of 14 Canadian cents per share, above analysts' average estimate of 11...

  • July 23- Canadian miner Teck Resources Ltd reported a 21 percent fall in quarterly profit and cut its 2015 coal production forecast due to falling demand from China and increased supply from Australia. Net profit attributable to shareholders fell to C $63 million, or 11 Canadian cents per share, for the quarter, from C $80 million, or 14 Canadian cents per share, a...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, July 21- What does gold have in common with iron ore and coal? The broad picture for gold is that since the spot price reached its peak of $1,920.30 an ounce in September 2011, demand has dropped as supply has risen.

  • SALT LAKE CITY— Utah state officials have given the go-ahead for a tar sands mine under construction on the eastern flank of the state. Utah Division of Oil, Gas and Mining director John Baza said Monday that his decision addresses concerns raised by opposition while acknowledging that U.S. Oil Sands Inc., the Canadian company building the mine, has complied with...

  • Tony Abbott's hostility to wind farms could jeopardize Australia's biggest renewable energy project, a $2 billion-plus wind and solar plant.

  • *Australia is major coal producer. SYDNEY, July 20- Australian Prime Minister Tony Abbott's hostility to "visually awful" wind farms has sent a chill through the industry and could jeopardize the country's biggest renewable energy project, a $2 billion- plus wind and solar plant in the country's north. The anti-wind farm decree could stop the CEFC from providing...

  • CALGARY, Alberta, July 17- Nexen Energy apologized on Friday for an oil sands pipeline leak in the Canadian province of Alberta that is one of North America's largest-ever oil-related spills on land, and said its clean-up crews were working around the clock. The subsidiary of China's CNOOC Ltd said it is still trying to find the root cause of the leak in the...

  • CALGARY, Alberta, July 17- Nexen Energy apologized on Friday for an oil sands pipeline leak in the Canadian province of Alberta that is one of North America's largest-ever oil-related spills on land, and said its clean-up crews were working around the clock. Ron Bailey, a senior vice president of Nexen who leads the company's Canadian operations, said the company...

  • Under the radar plays: Coal & LendingClub Thursday, 16 Jul 2015 | 12:44 PM ET
    Under the radar plays: Coal & LendingClub

    A look at two things the "Fast Money" traders are watching that you're probably missing.

  • *Sees non-cash items for Minas Rio and some Australia coal assets. LONDON, July 16- Mining group Anglo American has warned of a second multi-billion dollar writedown this year on its coal and iron ore assets, demonstrating the growing impact of sliding commodity prices. The charge of between $3 billion and $4 billion flagged on Thursday, to be taken in its...

  • LONDON, July 16- Global mining company Anglo American expects to take a writeoff of between $3 billion and $4 billion in its first-half results because of the slide in prices for iron ore and coal, it said on Thursday. "Anglo American expects to record non-cash impairments within special items... relating to Minas Rio and certain Australian coal assets of...