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Oil and Gas Coal and Consumable Fuels

  • HOUSTON, Aug 24- ConocoPhillips said on Thursday it is suspending drilling in the Eagle Ford shale oil region of Texas and idling five rigs there ahead of Hurricane Harvey. The company has evacuated all non-essential personnel from the shale region and also from offshore platforms in the U.S. "We're taking a wait-and-see approach for now," ConocoPhillips...

  • WASHINGTON/ LOS ANGELES, Aug 24- A U.S. Energy Department report calls for incentives to boost coal-fired and nuclear power plants following a slew of closures that it said undermined reliable sources of electricity. President Donald Trump has promised to revive the ailing coal mining sector but has also said he welcomes all forms of energy development to...

  • Corsa Coal CEO: Coal's environmental side can be balanced with economic side

    George Dethlefsen, Corsa Coal Corp. CEO, discusses how the Trump administration has helped the coal industry, and its role in providing electricity in the U.S.

  • BEIJING, Aug 23- Chinese coal imports from key supplier Australia chalked up year-on-year gains for the second straight month in July, customs data showed, as local output of the commodity eased amid a crackdown on illegal mining and pollution. Cargoes from Australia rose 4.4 percent from July last year to 7.47 million tonnes, according to the data from the...

  • *Final dividend increased to $0.43 from $0.14. SYDNEY, Aug 22- Global mining giant BHP Billiton committed to quitting its underperforming U.S. shale oil and gas business on Tuesday, as it posted a surge in annual underlying profit to $6.7 billion. The world's biggest mining house, which was buoyed by a recovery in industrial commodities markets, pleased...

  • Demand for heavy crude extracted from Canadian oil sands surged in the past few months as U.S. refiners sought alternatives amid supply disruptions in key exporter Venezuela and restricted exports by the OPEC. However, a string of new projects coming online this year, including Suncor Energy's Fort Hills project and Canadian Natural Resources' Horizon Phase...

  • *Graphic of China seaborne coal imports vs. Virtually everybody in the coal industry can agree that the strong performance in seaborne thermal coal this year is being driven by market dynamics in top importer China. The argument for a structural change in China is quite compelling.

  • LAME DEER, Montana, Aug 21- U.S. Interior Secretary Ryan Zinke and Vice President Mike Pence took a horseback tour in May of a Montana coal mine belonging to the Crow Nation. Their differences reflect a broader divide on drilling and mining among Americas 567 federally recognized tribes.

  • LAME DEER, Montana, Aug 21- U.S. Interior Secretary Ryan Zinke and Vice President Mike Pence took a horseback tour in May of a Montana coal mine belonging to the Crow Nation. Their differences reflect a broader divide on drilling and mining among Americas 567 federally recognized tribes.

  • *Graphic of China seaborne coal imports vs. Virtually everybody in the coal industry can agree that the strong performance in seaborne thermal coal this year is being driven by market dynamics in top importer China. The argument for a structural change in China is quite compelling.

  • BEIJING, Aug 18- A local firm on Friday won the right to explore and develop a shale gas block in the southwestern Chinese province of Guizhou in a government auction for 1.29 billion yuan, local media reported. The Guizhou firm will become one of the few players not primarily focused on the oil and gas industry to explore and develop the unconventional resource in...

  • *New South Wales clears mine for partial restart. MELBOURNE, Aug 17- Government regulators in an Australian state on Tuesday cleared South32 to partially restart its Appin coal mine after workers were evacuated in June following a gas-leak scare. "We've worked closely with the mine operator and we're now comfortable that the mine has put systems and controls in...

  • Aug 16- U.S. shale oil companies are pulling back on the amount of sand they use to hydraulically fracture new wells, responding to rising prices of the material that are driving up costs. Investors worry a slowdown in sand use, combined with new mining capacity coming online, could lead to a glut of the material and bring down prices. The price of frack sand is...

  • BEIJING, Aug 15- The International Monetary Fund on Tuesday urged China to set more ambitious targets for its coal and steel industries to cut excess production capacity and bring more efficient plant on line as Beijing bids to steps up economic reforms. China, the world's top steel and coal producer, has vowed to launch a campaign to cut excess capacity in...

  • RWE now expects full-year profits to be at the upper end of its outlook range.

  • Coal price only a temporary effect

    RWE CFO Markus Krebber weighs in on second quarter earnings and paying dividends to shareholders.

  • North Korea threatens 'thousands-fold' revenge against the US

    North Korea said it will launch "thousands-fold" revenge against the U.S., after the UN imposed new sanctions on Pyongyang for its nuclear and missile programs.

  • HOUSTON, Aug 3- With slumping crude oil prices stuck below where they started this year, U.S. shale oil producers have cut more than $1.2 billion from their 2017 spending budgets, even as they pledge to pump more oil. "We essentially can do more with less," said Lee Tillman, chief executive of Marathon Oil Corp, which on Wednesday shaved its 2017 spending plan by between...

  • We need a diverse set of fuel sources to power the economy: PNM Resources' Pat Vincent-Collawn

    Patricia Vincent-Collawn, Edison Electric Institute chair and PNM Resources chairman & CEO, discusses the U.S. electric and energy industries and how investing in electric infrastructure will help the country.

  • We're seeing a strong demand out of China: Xcoal CEO Ernie Thrasher

    Ernie Thrasher, Xcoal CEO, discusses the United States' new coal deal with Ukraine and how President Trump's energy plan is driving the coal comeback.