Oil and Gas Coal and Consumable Fuels

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  • TORONTO, May 29- Suncor Energy Inc's facilities north of Fort McMurray, Alberta, are expected to partially restart by the end of the week, the company said on Sunday, the latest sign Canadian oil sands producers are coming back online after a massive wildfire. The start-up of Suncor's base plant and MacKay River sites is under way, with "initial production" expected...

  • Spain can now spend $2.4B on shutting coal mines

    The country wins approval from European authorities to use $2.4-billion on closing 26 coal mines.

  • *Brent breaches $50 first for time since Nov, WTI since Oct. NEW YORK, May 26- Oil prices hit $50 a barrel on Thursday for the first time in seven months, then bounced below that level and settled lower on the day as investors worried robust price gains could encourage more output and add to the global glut. Wildfires in Canada's oil sands, unrest in the Nigerian and...

  • ROXBY DOWNS, Australia, May 27- A vast copper and uranium lode in Australia's parched outback, global miner BHP Billiton's Olympic Dam was long emblematic of the industry's boom year projects: complex, ambitious and- until 2012- slated for a $20 billion expansion. Like its rivals, BHP is still betting on copper, and the ore under Olympic Dam's red desert sand is key to...

  • CALGARY, Alberta, May 25- Suncor Energy Inc is pushing to reach full operations at its oil sands projects in the fire-stricken Canadian province of Alberta before July 1, according to several company employees. A massive wildfire that erupted earlier this month in the nation's energy heartland forced Suncor and a number of other major crude producers around...

  • PARIS, May 25- French utility Engie said on Wednesday it is considering the closure or sale of its giant Hazelwood coal-fired power plant in Australia as part of its move away from operating any coal-fired plants. Chief Executive Isabelle Kocher told a French Senate committee on Wednesday that the utility planned a gradual withdrawal from coal-fired power...

  • TORONTO/ MONTREAL, May 25- The wildfire that has ravaged northern Alberta and cut Canadian crude output by 25 percent is set to crimp corporate earnings beyond the oil patch, especially hitting the rail and hospitality sectors. The fire, which has caused an estimated $50 million a day in lost production for oil sands companies near the evacuated city of Fort...

  • May 24- Oil companies are restarting operations and evacuation orders for work camps are being lifted near Fort McMurray, Alberta, as wildfires burning around the Canadian oil sands hub for most of May have stopped growing, officials said. The shutdown at major oil sites as a result of the wildfires has cut daily production by more than 1 million barrels,...

  • May 24- Oil companies are restarting operations and evacuation orders for work camps are being lifted near Fort McMurray, Alberta, as wildfires burning around the Canadian oil sands hub for most of May have stopped growing, officials said. The shutdown at major oil sites as a result of the wildfires has cut daily production by more than 1 million barrels,...

  • EDMONTON/ CALGARY, Alberta, May 24-. Dozens of safety workers and industrial firefighters are working at places like Syncrude and Suncor Energy's upgrading facilities north of Fort McMurray surrounded by flames burning to the edges of the oil sands, facing temperatures running as high as 1,100 Celsius. Firefighters do not measure forest fires by temperature,...

  • CHICAGO, May 20- Bankrupt coal producer Peabody Energy Corp said in a court filing Friday it believes its long-term debt should be included in its current liabilities, a position that favors unsecured creditors to the tune of $1 billion. A fight over how to treat long-term debt in calculating the mining company's assets has been looming since Peabody filed for...

  • NEW YORK, May 20- Out-of-control wildfires that have consumed over a million acres of land in Canada's Alberta are costing oil companies as much as $50 million a day in lost production, according to analysts. "We estimate total daily pre-tax profit loss at $45 to $50 million," Barclays analyst Paul Cheng said in an email to Reuters. For many companies, the shut-ins...

  • May 20- A Canadian wildfire has moved from oil-rich Alberta into Saskatchewan, but that province's fertile farms and lucrative mines are tucked far away from the blaze's path. Saskatchewan accounts for all of Canada's uranium production, second in the world only to Kazakhstan. The province's uranium mines and mills, operated by Cameco Corp and Areva SA, are more...

  • SINGAPORE, May 20- Oil prices rose on Friday as turmoil in Nigeria, shale bankruptcies in the United States and a crisis in Venezuela all contributed to tightening supplies. International Brent crude futures were trading at $49.02 per barrel at 0653 GMT, up 21 cents or 0.43 percent from their last settlement. ANZ bank said that unexpected supply disruptions...

  • May 18- The United States is considering whether to reign in a subsidy on coal mine cleanup costs and in so doing shield taxpayers from those liabilities, a leading regulator for the mining industry said on Wednesday. Environmentalists have warned officials that coal-producing states in the west left the self-bonding program open to abuse and the Office of...

  • CALGARY, Alberta, May 18- Hot and dry weather and strong winds were expected to push a massive wildfire burning near Fort McMurray, Alberta eastward on Wednesday, threatening facilities and work camps in Canada's prized oil sands region. The fire earlier in the month incinerated parts of Fort McMurray and forced the evacuation of the western Canadian city's...

  • BEIJING, May 18- China's central government-controlled firms will cut steel production capacity by 10 percent over the 2016-2017 period, the cabinet said on its microblog on Wednesday. Coal production capacity would also be cut by 10 percent at these firms over the same period, the statement said, without specifying what the 2016-2017 period meant.

  • BEIJING, May 18- China's central government-controlled firms will cut steel production capacity by 10 percent over the 2016-2017 period, the cabinet said on its microblog on Wednesday. Coal production capacity will also be cut by 10 percent at these firms over the same period, the statement said, without specifying what the 2016-2017 period meant.

  • CALGARY, Alberta, May 17- A massive wildfire raged near Fort McMurray, Alberta on Tuesday and threatened major oil sands production facilities, forcing the evacuation of thousands of workers and prolonging a shutdown that cut Canadian oil output by 1 million barrels a day. The fire jumped a critical firebreak late Monday where plants and trees had been removed...

  • May 17- A massive wildfire burning around the Canadian oil sands hub of Fort McMurray was growing on Tuesday, extending a shutdown at major oil sites that has cut daily production by more than 1 million barrels, officials said. The sudden movement of the fire prompted the evacuation of some 4,000 people from work camps outside Fort McMurray, with all northbound...