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Oil and Gas Coal and Consumable Fuels

  • We'd love to see coal generate electricity: Lance Fritz

    Lance Fritz, Union Pacific CEO, responds to remarks from Energy Secretary Rick Perry about having a debate on climate change and using coal for energy production.

  • June 27- U.S. shale oil producers plan to keep drilling new wells despite this month's crude price drop but expect to revisit spending should pricing remain below $45 a barrel for several months. Pioneer, one of the biggest operators in the Permian Basin, the largest U.S. oilfield, is confident that OPEC leader Saudi Arabia will not let oil prices remain near...

  • SYDNEY/ LONDON, June 26- Rio Tinto on Monday confirmed Yancoal Australia as the preferred buyer for its Australian Coal& Allied unit after the China- backed company added an eleventh-hour sweetener to top a rival bid from Glencore. Rio's mines in Australia's Hunter Valley region are attractive to both Glencore and China because the quality of their coal means it...

  • SYDNEY/ LONDON, June 26- Rio Tinto on Monday confirmed Yancoal Australia as the preferred buyer for its Australian Coal& Allied unit after the China- backed company added an eleventh-hour sweetener to top a rival bid from Glencore. Yancoal, increased its offer to $2.69 billion from $2.45 billion, adding $240 million in unconditional guaranteed royalty payments...

  • U.S. shale oil output is up around 10 percent since last year, and, together with increases from the likes of Brazil, threatens to scupper the efforts of the Organization of the Petroleum Exporting Countries and its partners to force a drawdown in global oil inventories via production cuts. Brent crude futures were up 48 cents at $46.02 per barrel by 0836 GMT.

  • BEIJING— The world's biggest coal users— China, the United States and India— have boosted coal mining in 2017, in an abrupt departure from last year's record global decline for the heavily polluting fuel and a setback to efforts to rein in climate change emissions. China and the U.S. accounted for almost all the decline, while India showed a slight increase.

  • NEW YORK— Coal company Murray Energy has sued HBO and its Sunday-night host, John Oliver, for what it says was a "false and malicious broadcast" last Sunday evening. He ribbed Murray Energy's CEO Robert Murray, who blames regulatory efforts by the Obama administration for damaging the coal industry. The Ohio company sued the comedian Wednesday afternoon in...

  • HOUSTON, June 21- Crude oil's bear market is highlighting the haves and have nots among U.S. shale producers, with the stronger promising to keep pumping even as prospects dim for some of their financially strapped peers. Crude prices have dropped more than 20 percent since late February, in part because of rising U.S. shale production that is offsetting OPEC's...

  • HOUSTON, June 21- Crude oil's bear market is highlighting the haves and have nots among U.S. shale producers, with the stronger promising to keep pumping even as prospects dim for some of their financially strapped peers. Crude prices have dropped more than 20 percent since late February, in part because of rising U.S. shale production that is offsetting OPEC's...

  • OKLAHOMA CITY— Officials from Oklahoma and more than a dozen other states have sent two letters to California's insurance commissioner, asking that he stop pressing insurance companies to publicly disclose fossil fuel investments and divest from the coal industry, saying it only confuses consumers and unnecessarily brings politics into the insurance...

  • *Projects include Gulf of Mexico, Argentine shale gas. Instead, chief executive Patrick Pouyanne told Reuters he can find an edge over rivals by going after cheaper reserves elsewhere, including from shale in Argentina and deepwater wells in the Gulf of Mexico, as well as through new gas technology. "Shale oil is too expensive," said Pouyanne, who has clinched...

  • NEW YORK, June 21- Mylan N.V. is best known for producing EpiPen emergency allergy treatments and generic drugs. These refined coal credits were approved by Congress in 2004 in order to incentivize companies to fund production of cleaner coal. Mylan is one of only a few public companies, and the only publicly-traded pharmaceutical maker, that uses these tax...

  • SYDNEY/ LONDON, June 20- Rio Tinto selected Yancoal on Tuesday to buy its Coal& Allied division in Australia for $2.45 billion, surprising commodities trading giant Glencore, which had put in a higher bid. Glencore offered $2.55 billion cash this month for Rio's coal mines in the Hunter Valley region of New South Wales, beating a previous offer from Yancoal, which is...

  • SYDNEY/ LONDON, June 20- Rio Tinto selected Yancoal on Tuesday to buy its Coal& Allied division in Australia for $2.45 billion, surprising commodities trading giant Glencore which had put in a higher bid. Earlier this month, Glencore offered $2.55 billion cash for Rio's coal mines in the Hunter Valley region of New South Wales, beating a previous offer from Yancoal,...

  • CALGARY, Alberta/ HOUSTON, June 19- In the boreal forests and on the remote prairies of Alberta, a handful of firms are running pilot projects they hope will end a two-decade drought in innovation and stem the exodus of top global energy firms from Canada's oil sands. Canada's oil sands sector has become one of the biggest victims of the global oil price crash that...

  • Incoming Energy Secretary Rick Perry (R) gives a double thumbs up during the Inaugural Parade for U.S. President Donald J. Trump January 20, 2017 in Washington, DC.

    Rick Perry, U.S. secretary of Energy, talks about the renaissance in America's energy industry, and investing in research and development.

  • Sec. Perrry: Trump wants US to be 'energy dominant'

    Rick Perry, U.S. secretary of Energy, talks about American's energy strategy.

  • PITTSBURGH— EQT Corp. is merging with Rice Energy Inc. in a deal that combines two of western Pennsylvania's largest natural gas-drilling firms. The deal announce Monday will see EQT buy all outstanding shares of Rice common stock for about $6.7 billion, and assume $1.5 billion in net debt and preferred equity. EQT's president and chief executive officer,...

  • CALGARY, Alberta/ HOUSTON, June 19- In the boreal forests and on the remote prairies of Alberta, a handful of firms are running pilot projects they hope will end a two-decade drought in innovation and stem the exodus of top global energy firms from Canada's oil sands. Canada's oil sands sector has become one of the biggest victims of the global oil price crash that...

  • CALGARY, Alberta, June 16- Canada's oil sands need more emissions-cutting measures and monitoring, an official panel said on Friday in recommendations that could potentially raise costs in a high-cost region that international players have increasingly abandoned. The report from the Oil Sands Advisory Group of the Alberta province, which lays out the...