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Oil and Gas Coal and Consumable Fuels

  • WASHINGTON, Feb 2- The battered U.S. coal industry rejoiced after the Senate voted on Thursday to repeal a rule that limited companies from dumping mining waste in streams, saying the move could halt the sector's decline. The Senate, approving a resolution passed by the House of Representatives on Wednesday, overturned the Stream Protection Rule as part of a...

  • WASHINGTON, Feb 2- The U.S. Senate voted on Thursday to repeal a regulation aimed at cutting water pollution from coal-mining waste, in the first successful use of a law known as the Congressional Review Act in more than 15 years. In a vote of 54 to 45, the Senate approved a resolution already passed in the House of Representatives on Wednesday to kill the rule...

  • Senate repeals regulation on coal waste and streams

    CNBC's John Harwood reports that the Senate has passed a repeal of the stream protection rule, the first action in deregulation under the Trump administration.

  • TOKYO, Feb 2- Japanese trading house Mitsubishi Corp on Thursday hiked its net profit forecast for the current financial year by around a third, driven up as coking coal prices remain way above lows hit last year. Coking coal futures on the Singapore Commodity Exchange soared in the second half of last year as top commodity consumer China clamped down on local...

  • LONDON, Feb 2- The falling cost of electric vehicle and solar technology will halt demand growth for oil and coal from 2020, according to research published on Thursday, posing a threat to fossil fuel companies unprepared for the transition. The Grantham Institute at Imperial College London and independent think tank Carbon Tracker Initiative analyzed cost...

  • Feb 1- Canadian uranium producer Cameco Corp said on Wednesday that Tokyo Electric Power, the operator of Japan's wrecked Fukushima nuclear plant, had scrapped its uranium supply contract with the company. Tepco's move comes amid a fall in demand for uranium that is largely a result of the Fukushima nuclear plant meltdown, which led to shutdowns of all of...

  • Consol sold its Buchanan Mine in southwestern Virginia and some other metallurgical coal reserves to a privately held company for about $420 million last year. The company, which gets most of its profits from the Marcellus shale in Southwest Pennsylvania and West Virginia and the Utica shale in Ohio, said total revenue from its exploration and production...

  • The company's loss from continuing operations was $321.2 million, or $1.42 per share, in the fourth quarter ended Dec. 31, compared with a profit of $45.3 million, or 18 cents per share, in the year-earlier period. Consol said it recorded several one-time charges in the quarter, including a $237 million loss on commodity derivatives. Total revenue and other income...

  • LAUNCESTON, Australia, Jan 30- India has surrendered its status as the world's top importer of coal back to China, with its overseas purchases in 2016 falling to less than 200 million tonnes. India's coal imports last year totalled 194.93 million tonnes, according to vessel-tracking and port data compiled by Thomson Reuters Supply Chain and Commodity...

  • ST. LOUIS, Jan 26- Peabody Energy Corp, the world's largest private-sector coal miner, can begin seeking creditor votes for a plan to cut $5 billion of debt and exit its Chapter 11 bankruptcy, a U.S. bankruptcy judge said on Thursday. Peabody has said it hopes to emerge from its $8 billion bankruptcy in April with a plan that will raise what lawyers called "a monster" $1.5...

  • ST. LOUIS, Jan 26- Peabody Energy Corp, the world's largest private-sector coal miner, can begin seeking creditor votes for a plan to cut $5 billion of debt and exit its Chapter 11 bankruptcy, a U.S. bankruptcy judge said on Thursday. Peabody has said it hopes to emerge from its $8 billion bankruptcy in April with a plan that will raise $1.5 billion in private capital...

  • ST. LOUIS, Jan 26- Peabody Energy Corp, the world's largest private-sector coal miner, defended its bankruptcy exit plan in court on Thursday against opponents including state regulators, shareholders, environmental activists and even former executives. Bankruptcy Judge Barry Schermer for permission to begin seeking creditor votes on its plan to slash $5...

  • ST. LOUIS, Jan 26- Peabody Energy Corp, the world's largest private-sector coal miner, squares off in court on Thursday against opponents of its reorganization plan, including state regulators, shareholders, environmental activists and even former executives. Bankruptcy Judge Barry Schermer for approval to begin seeking creditor votes on its plan to slash $5...

  • The 1,179- mile Keystone XL pipeline would move 830,000 barrels per day of oil sands crude from Hardisty, Alberta, across the U.S. border to Steele City, Nebraska, where it would connect with a previously approved line. The $8 billion project is backed by TransCanada, Canada's No. 2 pipeline company. Refiners on the Gulf Coast want the line to supply them with heavy...

  • The U.S. Army Corps of Engineers in December turned down the request for an easement for the Dakota Access Pipeline to build under the Missouri River. December 2014 Energy Transfer Partners LP applies to the North Dakota Public Service Commission to build a 1,172- mile, 570,000- barrel-per-day pipeline to deliver crude oil from North Dakota's Bakken shale...

  • TORONTO, Jan 24- Canada's main stock index rose on Tuesday as energy stocks broadly gained with higher oil prices and as TransCanada Corp got a boost from signs its Keystone XL pipeline could yet move forward. If the pipeline is approved, it could provide a conduit for additional crude production in Canada's oil sands. Suncor Energy Inc, Canada's largest oil and...

  • Jan 24- Hong Kong stocks rose on Tuesday, led by a solid resources sector as a weaker U.S currency stemming from President Donald Trump's protectionist stance reduces costs to firms for raw materials imports. Shares of Shenhua Energy Co Ltd and Yanzhou Coal Mining Company Limited climbed about 2.5 percent and 5.4 percent respectively. Linus Yip, strategist at...

  • LONDON, Jan 23- The number of rigs drilling for oil and gas in the United States has recorded the largest one-week increase for over five years, confirming a rapid upturn is now underway. But there is no denying a rapid and sustained upturn is now underway which could pose challenges for the Organization of the Petroleum Exporting Countries and for shale drillers...

  • CHICAGO, Jan 23- Peabody Energy Corp's plan to emerge from Chapter 11 bankruptcy faces a "material risk" that the U.S. coal producer could suffer a $1 billion revenue loss due to a disputed lease at the world's largest coal mine, according to an objection filed to its reorganization plan. Oil and gas driller Berenergy Corp and Peabody hold overlapping federal...

  • LONDON, Jan 23- The number of rigs drilling for oil and gas in the United States has recorded the largest one-week increase for over five years, confirming a rapid upturn is now underway. But there is no denying a rapid and sustained upturn is now underway which could pose challenges for the Organization of the Petroleum Exporting Countries and for shale drillers...