Oil and Gas Coal and Consumable Fuels

  • The increases come amid signs the siege mentality that permeated all parts of Canada's energy industry is lifting after more than two and a half years of slumping prices. "In western Canada outside of oil sands we expect to see activity increase year over year," said FirstEnergy Capital analyst Mike Dunn. The oil sands produce 2.4 million barrels per day, 65...

  • The increases come amid signs the siege mentality that permeated all parts of Canada's energy industry is lifting after more than two and a half years of slumping prices. "In western Canada outside of oil sands we expect to see activity increase year over year," said FirstEnergy Capital analyst Mike Dunn. The oil sands produce 2.4 million barrels per day, 65...

  • BEIJING— Seven coal miners are dead and another four still missing after a gas explosion in a central province in the latest deadly accident to strike China's mining industry, authorities said Wednesday. China is the world's top producer and consumer of coal. China is trying to balance the vast energy demands of the world's most populous country— and an industry...

  • HOUSTON, Dec 6- As oil prices recover and U.S. shale production picks up, energy companies that had planned to ship crude on the Dakota Access Pipeline will turn to rail, a transport method that poses its own risks to the environment and local communities. Sunday's decision by U.S. Army Corps of Engineers to deny Energy Transfer Partners an easement to complete the...

  • HOUSTON, Dec 6- As oil prices recover and U.S. shale production picks up, energy companies that had planned to ship crude on the Dakota Access Pipeline will turn to rail, a transport method that poses its own risks to the environment and local communities. Sunday's decision by U.S. Army Corps of Engineers to deny Energy Transfer Partners an easement to complete the...

  • The suit marks the first challenge to the moratorium ordered in January by the Obama administration, attorney Peter Stirba, who represents Kane and Garfield counties, said Monday. There have been some limited exceptions to the moratorium, said Amanda Degroff, a spokeswoman for the Department of the Interior. Utah, Wyoming, Montana, Colorado and New Mexico are...

  • BOGOTA, Dec 5- Colombia's principal coal railway Fenoco and two unions representing its workers have extended salary negotiations until Dec. 13 after a first round of talks came to an end without an agreement, the company and unions said on Monday. If a deal is not reached by Dec. 13, workers would meet to decide whether to move toward a strike or continue discussions,...

  • Trump's team aims to privatize Indian reservations

    A group of advisors to Trump on Native American issues wants to free the energy resources from what they call a suffocating federal bureaucracy.

  • CHICAGO, Dec 2- U.S. coal producer Peabody Energy Corp said it would seek court approval to repay a $500 million term loan ahead of schedule because it has enough cash to operate in bankruptcy thanks to a rise in coal prices. The financing included a $500 million term loan, which the company is planning to repay, along with a $200 million bonding accommodation...

  • CHARLESTON, W.Va.— Environmentalists and the Pocahontas Land Corp. have agreed to settle a lawsuit over coal mine drainage into streams in southern West Virginia. The environmental groups say Pocahontas' former White Flame mountaintop-removal mine in Mingo County continues to discharge selenium, dissolved solids, sulfates and other pollutants into...

  • The EPA is considering similar requirements for chemical manufacturers, power generation companies and the petroleum refining and coal manufacturing industries. From 2010 to 2014, the EPA spent $1.1 billion on cleanup work at abandoned hardrock mining and processing sites across the U.S. Companies would face a combined $7.1 billion financial...

  • CALGARY, Alberta, Nov 30- Canada's oil sands producers are getting a long-awaited boost in export capacity, but the two pipeline projects approved this week will not be a silver bullet for the industry's woes unless crude prices pick up or companies improve their operating efficiency. The Canadian government approved Kinder Morgan's plan to triple volumes on...

  • CALGARY, Alberta, Nov 28- The government of Alberta, Canada's largest crude-producing province, said on Monday its 2016-17 budget deficit would be marginally narrower than previously forecast amid signs its economy is steadying after more than two years of weak oil prices. Alberta is home to Canada's vast oil sands and is the No. 1 exporter of crude to the United...

  • DRURIDGE BAY, England, Nov 27- In northeastern England, a battle is raging between grass roots campaigners and a company intent on digging a new open cast mine as world coal prices soar. Some wonder how long the coal price surge will last, but in Northumberland, the Banks Group is pressing ahead with plans for a new mine despite opposition from local...

  • An early winter freeze in northeast Asia has boosted prices for thermal coal and LNG.

  • LONDON, Nov 24- Australia's South32, the mining company spun off from BHP Billiton, in 2015, will avoid buying thermal coal because of uncertainties over demand linked to climate concerns, the company said on Thursday. Forecasters such as the International Energy Agency have predicted that coal demand will peak by the middle of the next decade.

  • Jacques, named five months ago to run the world's second-biggest mining company, said it's now clear China's mandate to rid its skies of pollution by restructuring its state-owned coal industry was behind a tripling of coal prices since January. In April, China's State Administration of Work Safety introduced new coal-production caps, restricting the...

  • CHICAGO, Nov 23- U.S. coal producer Peabody Energy Corp said on Wednesday it is closer to exiting bankruptcy, with a debt dispute between creditors fizzling as a recent increase in coal prices boosts their chances for recovery. A creditor fight launched by some of Wall Street's most litigious investment funds, Aurelius Capital Management and Elliott...

  • PARIS, Nov 23- French state-controlled nuclear group Areva hopes that China's CNNC and Japan's MHI will agree to buy minority stakes in the firm in coming weeks as part of a restructuring of the loss-making firm, Areva's chairman said on Wednesday. Under a government-led rescue, Areva is preparing to split off its uranium mining and nuclear fuel activities into...

  • PARIS, Nov 23- Areva hopes that China's CNNC and Japan's MHI will agree to buy a minority stake in the French state-controlled nuclear group in coming weeks, Areva's chief executive said on Wednesday. He mentioned China National Nuclear Corporation and Mitsubishi Heavy Industries but did not mention Kazakhstan's Kazatomprom. Loss-making Areva is years...