Oil and Gas Coal and Consumable Fuels

  • NEW YORK, Nov 13- U.S. crude oil output from seven major shale basins was expected to hit a record of 7.94 million barrels per day in December, according to a monthly government forecast released on Tuesday. The total oil output from the basins was expected to rise 113,000 bpd, driven largely by increases in the Permian Basin of Texas and New Mexico, where output was...

  • Fatih Birol

    Fatih Birol, the IEA executive director, has told CNBC it would be a "miracle" for shale to fill the gap.

  • *Nordic front-quarter baseload power contract rose 0.7 euro to 51.95 euros per megawatt hour at 1011 GMT. *Nordic front-year contract gained 0.25 euro to 41.60 euros/ MWh. *European next-year coal prices fell $2 to $88.50 a tonne.

  • A liquefied natural gas tanker sails past a container terminal as it arrives in Yokohama, Japan, May 21, 2018. 

    Natural gas is expected to overtake coal as the world's second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas use, the International Energy Agency said on Tuesday.

  • *Olympic Dam a core asset, offers potential uranium upside. MELBOURNE, Nov 8- Global miner BHP Billiton will meet its iron ore commitments to customers despite a supply disruption after it had to derail a runaway ore train in Western Australia, Chief Executive Andrew Mackenzie said on Thursday. Asked whether BHP would invoke force majeure, Mackenzie told media...

  • Nov 7- Voters in Colorado, Arizona and Washington states rejected ballot initiatives that sought to curb fossil fuels use by restricting drilling, putting a fee on carbon emissions and mandating wider use of renewable energy. In Colorado, an initiative to limit new drilling near populated or vulnerable areas, which would have heavily curtailed the industry,...

  • Nov 6- Imperial Oil Ltd said on Tuesday that it would go ahead with the construction of its C $2.6 billion Aspen project in northern Alberta, the first new oil sand development to be greenlighted since 2013.. The Aspen project will use new recovery technology to lower emissions and water use and improve project economics, the company said. Imperial said there is...

  • Nov 6- Imperial Oil Ltd said on Tuesday that it would go ahead with the construction of its C $2.6 billion Aspen project in northern Alberta, the first new oil sand development to be greenlighted since 2013.. The Calgary, Alberta- based company, which is majority owned by Exxon Mobil, said it would start construction on the 75,000- barrel-per-day project in the...

  • WASHINGTON, Nov 5- U.S. Supreme Court justices, hearing a challenge to Virginia's moratorium on uranium mining, struggled on Monday over how far states can go to ban mining of the radioactive metal for public health reasons before overstepping federal law. At the center of the dispute is the largest-known U.S. uranium deposit, located beneath a privately owned...

  • WASHINGTON, Nov 5- U.S. Supreme Court justices, hearing a challenge to Virginia's moratorium on uranium mining, struggled on Monday over how far states can go to ban mining of the radioactive metal for public health reasons before overstepping federal law. At the center of the dispute is the largest-known U.S. uranium deposit, located beneath a privately owned...

  • U.S. crude oil production surged by 416,000 barrels per day to a record 11.346 million bpd in August, the government said in a monthly report on Wednesday, as production in Texas and North Dakota climbed to fresh peaks. Top Bakken producer Continental Resources Inc on Monday said its output from the oil-rich North Dakota shale field hit a record during the third...

  • LONDON, Nov 2- Cuadrilla extracted its first shale gas from its site in northwest England, it said on Friday, after it began fracking operations there just over two weeks ago. Britain's regulatory system calls for any fracking to be paused if any tremor of magnitude 0.5 or above is detected. But Britain's government is supportive of the industry and is keen to...

  • LONDON, Nov 2- British shale gas company Cuadrilla said on Friday it had seen the first natural gas flow at its site in northwest England since it began fracking operations there just over two weeks ago. Cuadrilla told Reuters that gas flows at such an early stage of the project were evidence of the potential of future gas recovery at the site, even though the flows...

  • CUADRILLA SAYS PRODUCES FIRST SHALE GAS FROM ENGLISH FRACKING SITE.

  • The heads of environmental and energy agencies from 14 mostly coastal states, including California, New York and North Carolina, told the EPA in joint comments on the Trump plan that it would result in minimal reductions of greenhouse gases, and possibly result in increased emissions, relative to having no federal program on the pollution.

  • The discount on Canadian heavy oil has spread to its widest point on record, as rising production from Alberta's oil sands has run up against full pipelines, leading to swelling volumes in storage. https://reut.rs/2AC096c. Last month, Cenovus signed three-year deals with Canada's two major railways to transport roughly 100,000 barrels per day of crude from...

  • *Coal unit costs expected to fall to $49 per tonne in 2019. The company now expects its mine unit costs to fall to $49 a tonne in 2019, from a forecast of $52 for 2018, from its operations in Australia, Colombia and South Africa, it said in a presentation to analysts on a tour of its Australian coal mines. The cost-cutting comes as the company, whose own coal sales make up...

  • Global Wind Energy Council: Makes sense for Asian economies to do renewables

    Coal is "seen as a default" by some authorities, but these are decisions that can be changed, says Ben Backwell of the Global Wind Energy Council.

  • LONDON, Oct 29- British shale gas company Cuadrilla has paused fracking at its Preston New Road site in Lancashire, northwest England, after tremor of magnitude 1.1 was detected, the company said. "In line with regulations, hydraulic fracturing has paused for 18 hours now, during which seismicity will continue to be closely monitored... Well integrity has been...

  • WASHINGTON, Oct 29- The top U.S. coal miners union has put a larger share of its campaign donations behind Democrats ahead of the Nov. 6 elections than in 2016, as dimming hopes for a coal industry revival led by President Donald Trump reinforce fears about the safety of worker pensions. The United Mine Workers of America has donated nearly 84 percent of its money to...