Oil and Gas Coal and Consumable Fuels

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  • 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...

  • Jan 25- SandRidge Energy Inc is exploring debt restructuring options, according to people familiar with the matter, as the heavily indebted U.S. oil and gas exploration and production company struggles with the fallout from plunging energy prices. Debtwire had reported on Jan. 13, also citing unnamed sources, that SandRidge- which produces oil and gas from shale...

  • The government would need to negotiate any changes to the contract, an official from U.S.-based Drummond, the second biggest coal miner in Colombia, told Reuters. Colombia is the world's fifth-biggest coal exporter, shipping mainly to Europe after rising gas production in the United States crimped demand in that once-large market. Colombia set an export...

  • 3 Reasons for Union Pacific's earnings miss: CEO

    Union Pacific CEO Lance Fritz talks about his company's earnings miss which he attributes in part to what he calls an "energy recession."

  • NEW YORK, Jan 20- Last year looks like it was an unwelcome watershed for the embattled U.S. coal industry. Data from the U.S. Energy Information Administration showed that power plants used more gas than coal to produce electricity in five of the first 10 months of 2015, including the last four months data was available- July, August, September and October.

  • YORKTOWN, Texas, Jan 20- Across oil fields from Texas to North Dakota fears are growing that crude's plunge below $30 a barrel is more than just another market milestone and marks a countdown to an endgame for many shale producers that so far have braved the 18- month downturn. Yet many of around 50 listed U.S. independent oil producers and scores of smaller ones...

  • *Trims iron ore output forecast in wake of Brazil dam burst. MELBOURNE, Jan 20- BHP Billiton flagged on Wednesday that it sees no recovery in iron ore or coal prices in the next few years, while holding out hope for a rebound in copper and oil as it fights slumping earnings set to hit its long-protected dividend. The top global miner reinforced the bleak outlook for...

  • MELBOURNE, Jan 20- BHP Billiton flagged on Wednesday that it sees no recovery in iron ore or coal prices in the next few years while holding out hope for a rebound in copper and oil as the company fights a slump in earnings set to hit its long-protected dividend. The top global miner reinforced bearish views on the sector which has been slammed by oversupply at a time...

  • The company said savings would be achieved primarily through deferring discretionary activities in Western Canada, but its Sunrise oil sands plant and three new heavy oil thermal projects in the Lloydminster region on the Alberta- Saskatchewan border will not be affected. Spokesman Mel Duvall said about half the reduced production impact would be felt in...

  • CALGARY, Alberta, Jan 19- All of Canada's 2.3 million barrels per day of oil sands output is being produced at a steep loss at current crude prices, despite the weak Canadian dollar and a sharp squeeze lower in operating costs, analysts at TD Securities said on Tuesday. TD Securities said its analysis of 10 of the biggest projects in northern Alberta showed...

  • *China power generation drops 0.2 pct in 2015. BEIJING, Jan 19- China's output of electric power and steel fell for the first time in decades in 2015, while coal production dropped for a second year in row, illustrating how a slowing economy and shift to consumer-led growth is hurting industrial consumers. "China's economic growth has decoupled from coal-fired...

  • BEIJING, Jan 19- China's coal production fell 3.5 percent to 3.68 billion tonnes in 2015, official data showed on Tuesday, as waning demand and a drive by authorities to curb fossil fuel use forced many firms to cut back operations. But Carlos Fernandez Alvarez, coal analyst at the International Energy Agency, said at a meeting in Beijing last week that coal...

  • *Iron ore shipments to rise to 350 mln tonnes in 2016. MELBOURNE, Jan 19- Global miner Rio Tinto plans to increase iron ore production and shipments in 2016, defying a collapse in prices as it takes advantage of its position as the world's lowest cost producer. "We will continue to focus on disciplined management of costs and capital to maximise cash flow generation...

  • BEIJING, Jan 18- China's decision to stop approving new coal mines for three years has been applauded by green groups, but the move is likely to make barely a dent on the world's biggest coal industry given its vast existing production capacity. Some estimates suggest China's surplus capacity could be as high as 2 billion tonnes of coal a year- more than 50 percent...

  • TORONTO, Jan 16- Nexen Energy executives apologized on Saturday for an explosion at the company's Long Lake oil sands facility in Alberta that killed one employee, left another critically injured and shut down the site for an indefinite period. Fang Zhi, who heads the unit of China's CNOOC Ltd, said the incident marked one of the darkest days in Nexen's history.

  • WASHINGTON, Jan 15- The Obama administration, in the first major review of the country's coal program in three decades, on Friday ordered a pause on issuing coal-mining leases on federal land as part of new executive actions to fight climate change. Most leases are on public land in Western states, primarily Wyoming, along with Colorado, New Mexico and Utah.

  • Interior Secretary Sally Jewell on Friday ordered a pause on issuing new coal leases on federal land in another step by the Obama administration to control climate change in the first major review of the country's coal program in three decades. The pause could last three years, Jewell said, while officials determine how to protect taxpayers' stake in coal sales...

  • Interior Secretary Sally Jewell on Friday ordered a pause on issuing new coal leases on federal land as the Obama administration takes another step to control climate change. The pause in new coal leasing could last three years, Jewell said, while officials determine how to protect the taxpayers' stake in coal sales from public lands and how burning coal could...

  • HALT TO NEW COAL LEASES PART OF OVERHAUL OF LEASING, SALES, OVERSIGHT OF COAL MINING ON PUBLIC LANDS.

  • WASHINGTON, Jan 15- The Obama administration on Friday said it would announce the next steps in its planned overhaul of how the United States manages coal development on federal land, which sources have said includes freezing new leases. Secretary of the Interior Sally Jewell and other federal officials will "discuss next steps in the Obama Administration's...