Oil and Gas Coal and Consumable Fuels

More

  • Lawmakers seek $1 billion for struggling coal states Wednesday, 3 Feb 2016 | 2:53 PM ET

    Hal Rogers, chairman of the House Appropriations Committee and one of the bill's sponsors, said the measure has bipartisan support and was crafted with help from the White House. The $1 billion taken from the Abandoned Mine Reclamation Fund would be used for economic development— tourism, infrastructure, new business— on or near sites that have been deemed...

  • New federal coal mine dust rules taking effect Monday, 1 Feb 2016 | 9:58 AM ET

    The U.S. Mine Safety and Health Administration is requiring coal operators to increase the number of air samples taken in underground mines. The United Mine Workers of America has supported it, saying the rule will reduce the incidence of black lung among workers. The National Mining Association, an industry group, has opposed the new rule, saying the increased...

  • GILLETTE, Wyo.— Like a trusty pickup truck, Gillette has bounced through tough times before and pulled through, thanks to coal. President Barack Obama's administration has ordered a three-year moratorium on sales of federal coal reserves, and it's putting a rare mood on folks in Gillette, a ranching-turned-energy town of 32,000: pessimism.

  • CALGARY, Jan 29- Alberta's left-leaning government unveiled a new energy royalty framework on Friday that left rates unchanged on existing oil wells and oil sands projects, alleviating fears that costs would rise to punishing levels amid the worst crude price slump in decades. Alberta Premier Rachel Notley noted the province's position in the global market...

  • Gulf of Mexico output fell 57,000 bpd, while onshore production inched up 3,000 bpd in Texas and rose 5,000 bpd in North Dakota, broadly in line with previously reported state data. Some analysts believed the data is not necessarily a reflection of the current supply landscape, saying the Gulf of Mexico output was lower in November but still higher year over year.

  • Drillers removed 12 oil rigs in the week ended Jan. 29, bringing the rig count down to 498, the least since March 2010, oil services company Baker Hughes Inc said. Three major U.S. shale oil companies this week slashed their 2016 capital spending plans more than expected in a bid to survive $30 a barrel oil prices, with Continental Resources saying prices would need...

  • LONDON, Jan 29- Saudi Arabia has successfully defended its share of the U.S. oil market even as rising domestic production from shale and growing pipeline imports from Canada have cut seaborne imports from other countries. Saudi Arabia has been fortunate in that the oil produced from shale is not in direct competition with its own crude exports.

  • The company said it would temporarily idle its Harvey coal mine in southwestern Pennsylvania. Net income attributable to Consol fell to $30.4 million, or 13 cents per share, in the quarter ended Dec. 31, compared with a profit of $73.67 million, or 32 cents per share, a year earlier. Revenue fell nearly 19 percent to $761.9 million, missing Wall Street expectations of...

  • Say China coal miners to get time off over Lunar New Year. BEIJING, Jan 29- In a break with tradition, 15 Chinese coal mining groups have said they will close operations and allow workers to leave their posts during the Lunar New Year holidays next month, taking some pressure off a sector burdened by massive overcapacity. Spot thermal coal in Qinhuangdao port has...

  • Coal projects advance but won't be final under moratorium Wednesday, 27 Jan 2016 | 2:46 PM ET

    Wyoming, Montana and U.S. Bureau of Land Management officials approved moving forward with a multiyear evaluation of the projects located next to existing mines in the states' Powder River Basin, the nation's largest coal-producing region. They cited concerns over climate change and other environmental effects from burning coal and questioned if...

  • Coal executive demands tax break for industry in free fall Wednesday, 27 Jan 2016 | 12:24 PM ET

    West Virginia already expects a $384 million gap this budget year and a $466 million gap in 2017, largely because coal and natural gas severance tax dollars have fizzled. Murray says West Virginia needs to help its coal industry compete against states like Pennsylvania that don't apply severance taxes. Murray Energy's operations are in West Virginia,...

  • Crude has dropped to nearly $30 a barrel from as high as $115 in mid-2014 on the back of higher U.S. shale oil production and a supply increase from OPEC, which decided to fight for market share rather than cut output to correct prices. Many OPEC officials have said supply was poised to drop as non- OPEC output shrank fast and global demand continued to grow.

  • WASHINGTON, Jan 26- A group of U.S. states led by coal producer West Virginia and oil producer Texas on Tuesday asked the U.S. Supreme Court to put a hold on President Barack Obama's plan to curb carbon dioxide emissions from power plants to combat climate change. Chief Justice John Roberts after an appeals court in Washington declined last week to block Obama's...

  • CHARLESTON, W.Va.— West Virginia Gov. West Virginia already expects a $384 million gap this budget year and a $466 million gap in 2017.. The St. Clairsville, Ohio- based company has announced layoffs for more than 1,000 people at its northern West Virginia mines since April 2014.

  • Cloud Peak Energy and Lighthouse Resources Inc. want to mine a combined 644 million tons of coal from government-controlled reserves in Montana and Wyoming. Details on projects in Oklahoma, Kentucky, Alabama and Arkansas were withheld by the Interior Department, meaning the amount of coal could be significantly higher. The governors of Montana and Wyoming...

  • TROMSOE, Norway, Jan 26- Greenland's push to extract rare earth metals will remain a contentious political issue for years to come because the mining also produces uranium as a by-product, the nation's finance minister told Reuters. Greenland has been opening up to foreign companies with hopes that its vast resources in metals and minerals, including rare...

  • Jan 26- Large mining projects in Greenland have mostly slowed down or been in limbo due to persistently low commodity prices and regulatory uncertainty. Greenland has been opening up to foreign companies with hopes that its vast resources in metals and minerals would help finance its ambition to become completely independent from former colonial master...

  • SAN FRANCISCO, Jan 25- California's insurance commissioner on Monday asked all insurance companies doing business in the state to voluntarily divest from coal companies and said he will also require insurance companies to disclose their coal company holdings. Mark Sektnan, president of the Association of California Insurance Companies, said his members...

  • SAN FRANCISCO, Jan 25- California's insurance commissioner on Monday asked all insurance companies doing business in the state to voluntarily divest from coal companies and said he will also require insurance companies to disclose their coal company holdings. Jones is the first state insurance regulator in the United States to call on insurance companies...

  • Alpha laying off nearly 900 at West Virginia mines Monday, 25 Jan 2016 | 5:37 PM ET

    CHARLESTON, W.Va.— Bankrupt coal producer Alpha Natural Resources announced Monday it plans to lay off 831 miners and dozens more support staff at eight underground mines and two processing plants in southern West Virginia as a result of the industry's downturn. The announcement includes 468 miners and 40 support staff at five underground mines at Marfork...