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Oil and Gas Coal and Consumable Fuels

  • Gas flare from an offshore oil rig platform.

    In what it called a dramatic 10-year trend, the EIA says the U.S. Northeast is using far more natural gas, at the expense of coal.

  • Jailed CEO maintains innocence, says explosion caused by natural gas

    Don Blanenship, former Massey Energy CEO, talks about appealing his conviction of "conspiring to violate federal safety laws" at a West Virginia mine where 29 workers died in a 2010 explosion.

  • CALGARY, Alberta, May 11- The Canadian and Alberta governments and three energy companies said on Thursday they will spend C $70 million to develop three new clean technology projects, aimed at cutting costs and carbon emissions in the country's oil sands. Canada's Ministry of Natural Resources is contributing C $26.2 million in funding under its previously...

  • NEW DELHI, May 11- Five trade unions at top coal producers in India will go on a three-day strike in June to protest against a proposed merger of the coal miners' provident fund with the employees' provident fund, they said. Barring those on emergency duty, all workers will join the strike, Rajendra Prasad Singh of the Indian National Trade Union Congress said.

  • MEG, whose key operations are in the Athabasca oil sands region in Alberta, said average realized price for bitumen rose to C $37.93 in the first quarter, from C $11.43, a year earlier. The company's net operating costs fell 1.2 percent to C $8.43 per barrel in the three months ended March 31. However, MEG's net profit shrank to C $1.59 million or 1 Canadian cent per...

  • CALGARY, Alberta, May 11- Even as the world's largest energy companies exit Canada's high-cost oil sands the country's top producer Suncor Energy is lining up its next phase of growth in the world's third largest crude reserves. The preliminary plans for new projects in remote northern Alberta follow a stream of multi-billion dollar deals in which...

  • NEW YORK, May 10- Four U.S. states have sued Interior Secretary Ryan Zinke, the Interior Department and the U.S. Bureau of Land Management to block new leases of public lands for coal mining, according to papers filed on Tuesday in Montana federal court. State prosecutors for California, New Mexico, New York and Washington are arguing new coal extraction would...

  • SHANGHAI, May 10- China will force collieries to plant trees, boost efficiency, cut down noise and seal off facilities from the outside world as part of a new "green mining" plan aimed at curbing pollution, according to a policy document published on Wednesday. The documents, published in conjunction with the environment and finance ministries as well as China's...

  • BEIJING, May 10- China's April producer price inflation cooled more than expected as iron ore and coal prices tumbled further, pressured by fears that domestic demand will not be strong enough to absorb surging supplies of steel. A renaissance in China's steel industry has been a major driver of the world's second-largest economy in recent quarters, helping...

  • BEIJING, May 10- China's April producer price inflation cooled for a second straight month as iron ore and coal prices tumbled further, pressured by fears that domestic demand will not be strong enough to absorb surging supplies of steel. In March, China's PPI cooled for the first time in seven months as iron ore and coal prices tumbled after rising sharply on a...

  • *Saudi Arabia says to "do whatever it takes" to balance markets. LONDON, May 9- Oil prices fell on Tuesday, surrendering earlier gains, rattled by concern over slowing demand and the rise in U.S. crude output that has shaken investors' faith in the ability of OPEC to rebalance the market. Brent crude futures were down 39 cents at $48.95 per barrel by 1400 GMT, off an...

  • A coal miner in Ohio.

    A deadly incident in a coal mine in Iran puts the spotlight on a polarizing industry, U.S. News reports.

  • Warren Buffett

    Warren Buffett is looking for investment opportunities in renewable energy.

  • LONDON, May 4- Mining and commodities trading group Glencore has raised its operating profit forecast for the trading division this year by $100 million and said its mining operations were expected to recover from some weather-related disruption at the start of the year. But they said Glencore's upward revision for its trading division- to between $2.3...

  • **Japan Petroleum Exploration Co. Ltd. said it started steam injection into the oil sands layer on Friday for start-up of its Hangingstone oil sands expansion project in Alberta, Canada. **Bitumen production is expected to start around the middle of the year as scheduled, and output is expected to gradually increase and reach 20,000 barrels per day by mid-2018-...

  • CALGARY, Alberta, April 28- As global oil majors pull out of Canada's oil sands, domestic companies are buying up assets and betting technology and economies of scale will enable them to turn a profit despite low crude prices. Three of Canada's biggest oil and gas companies reported first-quarter earnings and held annual general meetings this week, in which they...

  • HOUSTON, April 28- Rising crude prices helped Chevron Corp and Exxon Mobil Corp easily beat analysts' quarterly profit expectations on Friday, setting an upbeat tone as the two companies press ahead with shale oil expansions. Chevron swung to a $2.68 billion quarterly profit and turned cash flow positive, earning more than it spent, a milestone Wall Street...

  • A coal miner shines his head lamp on coal transported on a conveyor belt after being sheared off the wall during longwall mining operations at the Consol Energy Bailey Mine in Wind Ridge, Pennsylvania.

    A measure by Rep. Tim Murphy could jeopardize pressure on coal companies to permanently fund retirees' health care, Huff Post reports.

  • HOUSTON, April 28- Rising crude prices helped Chevron Corp and Exxon Mobil Corp easily beat analysts' quarterly profit expectations on Friday, setting an upbeat tone as the two companies press ahead with shale oil and liquefied natural gas expansions. Chevron swung to a $2.68 billion quarterly profit and turned cash flow positive, earning more than it spent, a...

  • The stock fell more than 9 percent in Toronto trading to C $12.92, even though Cameco maintained its full-year guidance for deliveries and revenue. Tokyo Electric Power, the operator of Japan's wrecked Fukushima nuclear plant, scrapped its uranium supply contract with Cameco, the company said in February. "While the market will view the earnings miss as a...