Oil and Gas Coal and Consumable Fuels

  • Southern Co., Kinder Morgan agree to pipe venture

    Thomas Fanning, Southern Company Chairman, President & CEO, discusses the pipe venture between Southern Company and Kinder Morgan and possible technology that has promise for responsible coal combustion.

  • LONDON, July 11- Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia where refiners are already trimming crude runs. Brent crude was trading at $46.43 per barrel at 1205 GMT, down 33 cents from its last settlement. Iran set the official selling price of its light grade for Asia at...

  • LONDON, July 11- Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia where refiners are already trimming crude runs. Brent crude was trading at $46.26 per barrel at 0942 GMT, down 50 cents from its last settlement. Iran set the official selling price of its light grade for Asia at...

  • *More indications of slowing economic growth in China, Japan. SINGAPORE, July 11- Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia. Brent crude was trading at $46.38 per barrel at 0653 GMT, down 38 cents from its last settlement.

  • CALGARY, Alberta, July 11- Deeply-discounted prices for heavy crude from the heart of Alberta's oil sands look set to sink further, thanks to hundreds of thousands of barrels of new supply that will have difficulty finding space in crowded pipelines, traders say. Traders say it could fall another $2 to $3 in coming weeks as U.S. refiners move into heavy fall...

  • *More signs of slowing economic growth in China, Japan. SINGAPORE/ TOKYO, July 11- Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed signs of economic weakness in Asia. "Crude imports to Asia over the last few months are falling... volumes were so high over the last year thanks to the rush to take advantage of the low oil prices,...

  • WARSAW, July 8- Poland's state-run gas firm PGNiG will start tests later this year to see if it can extract methane from coal deposits to increase safety at local coal mines and for commercial use, it said on Friday. PGNiG said coal-bed methane has become a significant source of energy in the United States, Canada and Australia. It will start testing the technology...

  • July 7- The U.S. government agreed to a mine clean-up deal that allows coal producer Alpha Natural Resources to exit bankruptcy, despite concerns that Alpha will be unable to fund $400 million in commitments, a government lawyer told a court on Thursday. Alpha had about $676 million in self-bonded mine clean-up costs, mostly in Wyoming and West Virginia, when weak...

  • *Indonesia lacks data on permits and reclamation funds. SAMARINDA, Indonesia, June 29- Thousands of mines are closing in Indonesia's tropical coal belt as prices languish and seams run dry. Abandoned mine pits dot the bare, treeless hillsides in Samarinda, the capital of East Kalimantan province on Indonesia's part of Borneo island.

  • *Jean-Sebastien Jacques takes over as Rio CEO on Saturday. SYDNEY, July 1- After a rapid rise at Rio Tinto, Jean-Sebastien Jacques, 44, is the youngest boss at a major mining company: the first in a generation that will need to shift from an era of cuts to one of cautious growth. The mining industry, worth nearly $2.5 trillion at its peak in 2011, has reeled from the...

  • CALGARY, Alberta, June 30- Two separate wildfires shuttered oil sands operations in northern Alberta in May and June, forcing producers to halt hundreds of thousands of barrels per day of production. A blaze in the Wabasca region prompted Cenovus Energy and Canadian Natural Resources Ltd to shut in 23,800 barrels, while oil companies have been ramping up...

  • *Indonesia lacks data on permits and reclamation funds. SAMARINDA, Indonesia, June 29- Thousands of mines are closing in Indonesia's tropical coal belt as prices languish and seams run dry. Abandoned mine pits dot the bare, treeless hillsides in Samarinda, the capital of East Kalimantan province on Indonesia's part of Borneo island.

  • Li Keqiang SOTs

    China's Premier Li Keqiang takes questions from KPMG's John Veihmeyer about capital market reforms and Alcoa's Klaus Kleinfeld on steel and coal overcapacity.

  • CALGARY, Alberta, June 27- Canada's oil sands production will grow by 42 percent to 3.4 million barrels per day by 2025, most of which will come from the expansion of existing facilities rather than new projects, analysts at IHS Energy said on Monday. HIS estimates that since 2014, the cost of building and operating a new oil sands plant has fallen by $10 a barrel, and...

  • *Panama Canal cuts travel from Atlantic to Pacific by two weeks. SINGAPORE, June 26- Bigger ships could mean bigger paydays for commodity producers when the expanded Panama Canal opens this weekend as they can utilize larger vessels more frequently to tap into fast growing Asia-Pacific consumer markets. The Panama Canal Authority estimates that the enlarged...

  • June 23- Canadian oil production will grow by 28 percent to hit 4.9 million barrels per day by 2030, the Canadian Association of Petroleum Producers said in its annual report. Production from Alberta's oil sands, the world's third-largest crude reserves and No. 1 source of U.S. oil imports, will hit 3.7 million bpd by 2030, the industry group said on Thursday.

  • WASHINGTON, June 22- A U.S. program meant to encourage coal mining on federal land is open to industry abuse and costs taxpayers billions of dollars in lost revenue every year, a White House study to be released on Wednesday concluded. Roughly 40 percent of U.S. coal comes from federal land and taxpayers are being short changed on those sales due to lax oversight and...

  • BERLIN, June 21- Germany's coalition government agreed to ban fracking for shale gas indefinitely on Tuesday, after years of fractious talks over the issue, but environmental groups said the ban did not go far enough and vowed to fight the deal. If the law is approved by parliament, Germany will follow France, which has banned fracking, whereas Britain allows it...

  • BERLIN, June 21- Germany's coalition government agreed to ban fracking for shale gas indefinitely on Tuesday, after years of fractious talks over the issue, but environmental groups said the ban did not go far enough and vowed to fight the deal. If the law is approved by parliament, Germany will follow France, which has banned fracking, whereas Britain allows it...

  • BERLIN, June 21- Germany's coalition government agreed to ban fracking for shale gas indefinitely on Tuesday, after years of fractious talks over the issue, but environmental groups said the ban did not go far enough and vowed to fight the deal. If the law is approved by parliament, Germany will follow France, which has banned fracking, whereas Britain allows it...