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Coal and Consumable Fuels

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  • The joint declaration issued by six European oil and gas majors was cautiously embraced by the United Nations, which will host negotiations this December in Paris aimed at designing a plan to cut the fossil fuel emissions that scientists blame for rising temperatures. Total SA, Statoil, BP Plc, Royal Dutch Shell Plc, Eni and BG Group Plc called for "decisive action"...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, June 2- The rise of China and India as energy importers has largely consigned Japan to the sidelines, but the world's third-largest economy still exerts significant influence in some markets. That's why Japan's long-term energy vision is too important to be ignored, given it is the world's top...

  • CALGARY, Alberta, June 1- Firefighters made progress battling wildfires in northern Alberta on Monday that have shut in 10 percent of total oil sands production, and workers began returning to some sites to assess damage. The Western Canadian province of Alberta is the major source of U.S. oil imports. The wildfire hazard in the Lac la Biche region, where Cenovus...

  • CALGARY, Alberta, June 1- Firefighters made progress tackling wildfires in the key oil-producing region of northern Alberta on Monday, although a number of oil sands projects stayed shut down, keeping around 10 percent of total oil sands production offline. The Western Canadian province of Alberta is the major source of U.S. oil imports. The wildfire hazard in...

  • LONDON, June 1- Indonesia- focused coal miner Asia Resource Minerals, at the centre of a battle for control between co-founder Nathaniel Rothschild and Asia Coal Energy Ventures, said on Monday that a takeover by ACE was the best option to secure its future. Asia Resource Minerals, previously known as Bumi, has been hit by boardroom disputes and tumbling coal...

  • The U.S. oil fracker's dilemma: crouch or pounce? Monday, 1 Jun 2015 | 1:00 AM ET

    HOUSTON, June 1- U.S. shale oil producers, having weathered the worst price plunge in their industry's brief history, now face a dilemma: whether to stay in a defensive crouch after slashing their rig fleets, or start drilling more wells to capture a partial recovery in prices. The June 5 meeting of U.S. rivals in the Organization of the Petroleum Exporting Countries...

  • WASHINGTON, May 29- Alpha Natural Resources Inc no longer qualifies for a government program that subsidizes a share of mine cleanup insurance, requiring the coal company to find another way to cover roughly $400 million in liabilities, Wyoming officials said on Friday. "At the end of the day, the rules for self bonding are very clear," said Keith Guille, a spokesman...

  • AES power charge for the future: CEO Friday, 29 May 2015 | 6:51 AM ET
    AES power charge for the future: CEO

    Andrés Gluski, AES Corp. CEO, discusses his company's strategic alliance with Tesla's new batteries, and where they are finding success providing power.

  • SINGAPORE, May 29- U.S. crude oil prices edged up on Friday after American inventories fell for a fourth straight week and Canadian wildfires knocked out 10 percent of its oil sands output. *Front-month U.S. crude futures were up 43 cents from their last settlement at $58.11 per barrel by 0020 GMT on Friday. *The U.S. Energy Information Administration said crude oil...

  • CALGARY, Alberta, May 28- Firefighters battled wildfires in northern Alberta, Canada's biggest crude-producing region, for a sixth day on Thursday, with two blazes near oil sands facilities still out of control. That blaze has forced Cenovus Energy Inc and Canadian Natural Resources Ltd to shut down production and evacuate staff from their Foster Creek and...

  • May 28- Alpha Natural Resources Inc must pay for the legal defense of Donald Blankenship, who is facing a criminal trial over a coal mining disaster in 2010, when he headed Alpha's Massey Energy Co business, a Delaware judge ruled on Thursday. The indictment also said that after the explosion, he misled the U.S. Securities and Exchange Commission about Massey's...

  • Why energy tax breaks we take should go away: CEO Thursday, 28 May 2015 | 10:14 AM ET
    Electric meter

    Two energy chief executives disagree about the risks of relying too heavily on renewable sources.

  • LONDON, May 28- The U.S. shale oil boom is turning global crude pricing on its head with the historical notion that light grades shall be priced at a premium to heavy ones quickly disappearing, according to predictions from producer group OPEC. The trend will have big implications for global oil flows, reducing revenues of light-oil-producing nations such as...

  • Norway's $900B sovereign fund told to reduce coal assets Wednesday, 27 May 2015 | 9:23 PM ET

    Norway's $900 billion sovereign fund was told to cut its exposure to the global coal industry and sell stakes in firms that focus on the sector.

  • OSLO, May 27- Norway's $900 billion sovereign wealth fund, the world's largest, should cut its exposure to the global coal industry and sell stakes in firms that focus on the sector, a key parliamentary committee said on Wednesday. Already under pressure from Norway's political establishment, the fund has been selling down its coal portfolio and said its...

  • CALGARY, Alberta, May 27- A wildfire raging in northeastern Alberta near two major oil sands projects nearly doubled in size to 17,000 hectares on Wednesday, although firefighters made some progress tackling blazes elsewhere in the oil-rich Western Canadian province. The fires have forced energy companies operating in Alberta, the largest source of U.S. oil...

  • OSLO, May 27- Norway's $900 billion sovereign wealth fund, the world's largest, should cut its exposure to the global coal industry and sell stakes in firms that focus on the sector, a key parliamentary committee said on Wednesday. Already under pressure from Norway's political establishment, the fund has been selling down its coal portfolio in recent quarters...

  • Alberta wildfires rage on, intensify near oil sands sites Wednesday, 27 May 2015 | 1:03 PM ET

    CALGARY, Alberta, May 27- A wildfire raging in northeastern Alberta near two major oil sands projects nearly doubled in size to 17,000 hectares on Wednesday, although firefighters made some progress tackling blazes elsewhere in the oil-rich Western Canadian province. Geoffrey Driscoll, a wildfire information officer at the Alberta government, said the fire...

  • CALGARY, Alberta, May 26- Statoil ASA, MEG Energy Corp and Cenovus Energy Inc evacuated hundreds of workers from three oil sands projects in northeastern Alberta on Tuesday as wildfires raged through the key crude-producing region. The Alberta government said there are 70 forest fires now burning in the province, with 20 considered out of control.

  • CALGARY, Alberta, May 26- Cenovus Energy Inc evacuated all 90 workers from its Narrows Lake oil sands project in northeastern Alberta on Tuesday as a precaution against wildfires, the company said. Cenovus, which shut down operations at its Foster Creek project over the weekend, joined MEG Energy and Statoil in pulling workers from their sites on Tuesday as the...