Oil and Gas Coal and Consumable Fuels

  • *Q1 operating loss of C $0.51 vs. estimates of C $0.40. CALGARY, Alberta, April 27- Cenovus Energy Inc said on Wednesday it needs more clarity from the Canadian government on pipeline and environmental issues before possibly reactivating oil sands projects that have been deferred because of the crude price rout. Cenovus has postponed its Narrows Lake oil sands...

  • Hess, which produces oil in North Dakota's Bakken Shale and the U.S. Gulf of Mexico, said average realized price for crude fell 36.8 percent to $28.50 per barrel in the quarter. Net loss attributable to Hess widened to $509 million, or $1.72 per share, in the quarter ended March 31, from $389 million, or $1.37 per share, a year earlier.

  • SAN FRANCISCO, April 26- Stanford University's announcement on Monday that it will not rid its $22 billion endowment of oil and gas companies has raised the ire of campus climate activists, who said on Tuesday they will protest the decision. Activists felt they had momentum on their side after Stanford two years ago said it would no longer invest in coal mining...

  • LAUNCESTON, Australia, April 26- Australia and Russia could emerge the relative winners if China does restrict imports of North Korean coal, as it has pledged to do. China banned the importation of several minerals from North Korea on April 5, including coal, as part of new United Nations sanctions on Pyongyang aimed at curbing the rogue state's nuclear weapons...

  • Canada's biggest railroad, which reported a 4.3 percent fall in first-quarter revenue, said it now expected 2016 adjusted earnings per share to match last year's C $4.44. Reduced freight volumes due to a slump in oil prices, a string of bankruptcies in the coal industry and increased competition from trucks have been weighing on railroad operators in Canada...

  • *China to encourage coal, steel capacity drive overseas. *Japan concerned at rise in China steel exports. BEIJING, April 21- As part of efforts to ease domestic steel and coal overcapacity, widely blamed for triggering a global industry crisis, China said it will do more to help its firms shift capacity overseas while keeping tight control on adding new capacity at...

  • *China also to boost state support for shifting capacity overseas. BEIJING, April 21- China will strictly control credit available for new capacity additions in the steel and coal sectors, both of which are suffering from price sapping supply gluts, the government said on Thursday. It was unclear whether the government planned to encourage greater exports of...

  • NEW DELHI, April 20- Developed countries should raise taxes on coal production to help raise money for a $100 billion- a-year fund that is supposed to help poorer countries tackle climate change but are short of cash, India's environment minister said on Wednesday. An agreement to finance the fund was a major part of the landmark Paris climate change accord...

  • BEIJING, April 18- China will reduce the number of statutory working days for its coal miners to 276 a year from 330 as it bids to tackle a chronic supply glut that has sapped prices, the country's work safety watchdog said on Monday. With demand on the wane and mining firms facing widespread losses, China plans to shut down 500 million tonnes of coal production...

  • Energy Information Administration estimates coal production to fall 16 percent in 2016, which would be the largest annual percentage decline since 1958.. April 13, 2016: World's biggest private-sector coal producer, Peabody Energy Corp, filed for U.S. bankruptcy protection after it was unable to service its $10.1 billion debt it incurred mostly for an...

  • CHICAGO, April 15- U.S. shale oil producer Goodrich Petroleum Corp said on Friday that it filed for Chapter 11 bankruptcy protection with a plan to eliminate $400 million in debt from its balance sheet while it rides out a slump in commodities markets. The Houston- based exploration and production company, which has shale assets in Texas, Louisiana and...

  • *Poland asks creditors to convert debt to equity. WARSAW/ BRUSSELS, April 15- For generations, the region of Silesia has been at the heart of Poland's love affair with coal as a source of pride and heroism. Election to Poland's top job has depended on maintaining coal's special national status and Prime Minister Beata Szydlo, a coal miner's daughter from Silesia,...

  • BEIJING, April 15- China produced 294 million tonnes of coal in March, down 4.5 percent from a year ago amid state-led efforts to restrict production and tackle a supply glut. Prices at the port of Qinhuangdao in Hebei province have gained 5.4 percent so far in 2016, suggesting that China's efforts to curb supplies are having an impact, although the values are...

  • CALGARY, Alberta, April 14- The Canadian crude-producing province of Alberta said on Thursday it will post a C $10.4 billion budget deficit this fiscal year and warned that a surplus might not return until 2024 as the oil price slump batters its economy. Alberta, home to Canada's oil sands and the No. 1 exporter of crude to the United States, has been hammered by a...

  • CALGARY, Alberta, April 14- The Canadian crude-producing province of Alberta said on Thursday it will post a C $10.4 billion budget deficit this fiscal year and warned that a surplus might not return until 2024 as the oil price slump batters its economy. Alberta, home to Canada's oil sands and the No. 1 exporter of crude to the United States, has been hammered by a...

  • April 13- Leading global coal producer Peabody Energy Corp filed for U.S. bankruptcy protection on Wednesday after a sharp drop in coal prices left it unable to service debt of $10.1 billion, much of it incurred for an expansion into Australia. The Chapter 11 bankruptcy filing from Peabody, the world's biggest private-sector coal producer, ranks among the...

  • CSX by the numbers

    Discussing the economics behind coal volumes, the freight environment and CSX earnings, with Chris Wetherbee, Citi senior research analyst. CSX revenues came in at $2.62 billion versus a $2.68 billion estimate.

  • Peabody Energy files for bankruptcy protection

    The world's largest privately owned coal producer can't service a recent debt-fueled expansion into Australia.

  • April 13- Peabody Energy Corp, the world's largest privately owned coal producer, filed for U.S. bankruptcy protection on Wednesday in the wake of a sharp fall in coal prices that left it unable to service a recent debt-fueled expansion into Australia. Peabody's Chapter 11 bankruptcy filing ranks among the largest in the commodities sector since energy and...

  • Peabody Energy, the world's largest privately owned coal producer, filed for U.S. bankruptcy protection on Wednesday.