Oil and Gas Coal and Consumable Fuels

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  • 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...

  • No correlation between oil and renewable energy: Enel CEO

    The correlation between oil, gas and coal is weakening, says Francesco Starace, Enel Group CEO, discussing the company's mission to generate more renewable energy to meet the world's energy needs.

  • There's finally light at the end of the tunnel for the mining industry.

    Mining industry sentiment has finally started to improve, after several years of gloom amid a commodity price slump.

  • CHICAGO, June 20- The U.S. Department of Justice has opposed a plan by coal producer Alpha Natural Resources to sell valuable assets to its creditors, which it said puts significant mine cleanups at risk, according to a court filing on Monday. The government does not plan to approve the transfer of any federal lease or contract unless cleanups are assured, the...

  • Australia Mining

    Most Australian miners believe that commodity prices have bottomed out and will head up, says Newport Consulting's David Hand.

  • HOUSTON, June 20- Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confounding OPEC and Saudi Arabia with their resiliency. That shale giants Hess Corp, Apache Corp and more than 25 other companies have beaten back OPEC's attempt to sideline them...

  • CALGARY, Alberta, June 14- Suncor Energy Inc has told employees the massive wildfire that struck northern Alberta in May will cost the company nearly C $1 billion, two sources at Canada's largest crude producer said on Tuesday. The wildfire, which forced the evacuation of the oil sands hub of Fort McMurray, also shuttered operations at facilities owned by Suncor...

  • CALGARY, Alberta, June 14- Suncor Energy Inc has told employees the massive wildfire that struck northern Alberta in May will cost the company nearly C $1 billion, two sources at Canada's largest crude producer told Reuters. The wildfire, which caused the evacuation of the Canadian oil sands hub of Fort McMurray, forced Suncor and other major crude producers in...

  • Mad Money 2

    Mad Money host Jim Cramer discusses news natural gas is surpassing coal for electricity used in the U.S.

  • June 13- U.S. shale oil output is expected to fall in July for the seventh consecutive month, according to a U.S. government forecast on Monday, despite a recent rally in crude prices to an 11- month high over $51 a barrel. Total output is expected to fall 118,000 barrels per day to 4.723 million bpd in July, according to the U.S. Energy Information Administration's...

  • June 13- U.S. shale oil output is expected to fall in July for the seventh consecutive month, according to a U.S. government forecast on Monday, despite a recent rally in crude prices to an 11- month high over $51 a barrel. Total output is expected to fall 118,000 barrels per day to 4.723 million bpd in July, according to the U.S. Energy Information Administration's...

  • China: A leader in low-emission coal technology

    World Coal Association CEO, Benjamin Sporton explains why coal is still important for developing economies, while commenting on low-emission coal technology.

  • CALGARY, Alberta, June 10- Canadian cash crude differentials remained steady on Friday as market players questioned how fast crude volumes would come back online after wildfires slashed production in northern Alberta's oil sands region. Light synthetic crude from the oil sands for July delivery strengthened slightly to $3.30 per barrel above benchmark...

  • June 10- U.S. energy firms this week added rigs drilling for oil for a second week in a row for the first time since August, energy services firm Baker Hughes Inc said on Friday, after crude prices this week rallied to an 11- month high over $51 a barrel. RIG-OL-USA- BHI> Two of those oil rigs were added in the Bakken shale producing region in North Dakota, bringing the...

  • CALGARY, Alberta, June 8- Oil sands producers Canadian Natural Resources Limited and Cenovus Energy shut projects and evacuated workers at Pelican Lake facilities in northern Alberta as wildfires threatened western Canadian output for the second time in a five weeks. Cenovus shut operations and evacuated all 118 workers from its 23,000- barrel-per-day...

  • CALGARY, Alberta, June 8- Oil sands producers Canadian Natural Resources Limited and Cenovus Energy shut projects and evacuated workers at Pelican Lake projects in northern Alberta as wildfires again threaten western Canadian output just as production begins to recover. Cenovus shut operations and evacuated all 118 workers from its 23,000-...

  • CALGARY, Alberta, June 8- Two separate wildfires have shuttered oil sands operations in northern Alberta, forcing producers to halt hundreds of thousands of barrels per day of production. A blaze in the Wabasca region discovered on Tuesday prompted Cenovus Energy and Canadian Natural Resources Ltd to shut in 23,800 barrels. Meanwhile oil companies are...

  • *Oil production up 3.2 pct due to shale, Iraq and Saudi. But in 2015, when Brent oil prices fell by nearly 50 percent to $52 a barrel, reserves declined by only 0.1 percent to 1,698 billion barrels, according to the BP Statistical Review of World Energy, first published 65 years ago and considered an industry handbook. Investment in oil and gas fell in 2015 by around a...

  • *Oil production up 3.2 pct due to shale, Iraq and Saudi. But in 2015, when Brent oil prices fell by nearly 50 percent to $52 a barrel, reserves declined by only 0.1 percent to 1,698 billion barrels, according to the BP Statistical Review of World Energy, first published in 1951 and considered an industry handbook. Oil production last year rose by 3.2 percent to 91.67...

  • CALGARY, Alberta, June 7- ConocoPhillips has 25 percent of wells activated at its 60,000 barrels per day Surmont oil sands project, which had been shut down as a precaution due to a massive wildfire in northern Alberta, a company executive said on Tuesday. Conoco, the largest U.S. independent oil company, restarted production last week after a 29- day shutdown at its...