Peabody Energy looking to emerge from bankruptcy in April By Tracy Rucinski ST. LOUIS, Jan 26 (Reuters) – Peabody Energy Corp , the world’s largest private-sector coal miner, can begin seeking creditor votes for a plan to cut $5 billion of debt and exit its Chapter 11 bankruptcy, a U.S. bankruptcy judge said on Thursday. U.S. […]
Peabody Energy gets U.S. court approval to pursue reorganization Read More »
FERC looking for nominations for commissioners By Scott DiSavino Jan 27 (Reuters) – Three U.S. natural gas pipeline companies on Friday asked the U.S. Federal Energy Regulatory Commission (FERC) for permission to move forward on their projects by Feb. 3, which is when one of the FERC commissioners will step down. Only one of the
U.S. natgas pipeline companies seek FERC decisions before Bay leaves Read More »
Most of the oil leaked in Saskatchewan pipeline spill recovered Jan 26 (Reuters) – A small hole on a weld between two segments of a shallow four-inch pipe has been discovered on a pipeline that leaked some 200,000 liters (52,834 gallons) of oil onto aboriginal land in Saskatchewan last week, provincial officials said on Thursday. They
Small hole caused Saskatchewan pipeline spill Read More »
Japanese utilities overbought LNG in anticipation of cold winter By Oleg Vukmanovic MILAN, Jan 27 (Reuters) – Asian spot LNG prices extended losses this week as oversupplied Japanese utilities sought to offload cargoes and as key European gas benchmarks softened. Asian prices for LNG delivery in March fell 25 cents to about $7.75 per million
Oversupplied Japanese LNG players to sell off excess volumes Read More »
Taking Midcoast Energy Partners private would reduce costs, simplify corporate structure Jan 27 (Reuters) – Enbridge Inc said on Friday it would pay about $170 million to take private Midcoast Energy Partners LP, which also has a stake in natural gas pipelines owned by Enbridge Energy Partners LP. Enbridge Inc has a 21.1 percent stake in Enbridge
Enbridge to take Midcoast Energy Partners private Read More »
As many as 50 steps on Native American reservations for energy projects compared to half dozen on private property By Valerie Volcovici FORT BERTHOLD, North Dakota, Jan 27 (Reuters) – When the U.S. oil boom hit North Dakota a decade ago, wells sprang up quickly on the edges of the Fort Berthold Indian Reservation, an
Red tape chokes off drilling on Native American reservations Read More »
Tribes argue they have sole authority to tax reservation energy projects By Valerie Volcovici WASHINGTON, Jan 27 (Reuters) – As some Native American tribes renew their push for more control over the natural resources on their lands, they will also urge Congress and President Donald Trump to prohibit state taxation of energy and resource development
Native American tribes decry state taxation of reservation energy projects Read More »
Rig count up by 15 to 566 Jan 27 (Reuters) – U.S. energy companies this week added oil rigs for a 12th week in the last 13, extending an eight-month recovery as drillers take advantage of a deal by OPEC to cut production that has kept crude prices over $50 a barrel since early December.
Rig count up to most since November 2015 -Baker Hughes Read More »
Chrysaor deal major boost for Shell’s drive to reduce debt By Ron Bousso and Clara Denina LONDON, Jan 27 (Reuters) – Royal Dutch Shell is nearing the sale of a large part of its North Sea oil and gas assets to private equity-backed Chrysaor for $3 billion, banking sources said, marking a milestone in its drive
Shell set to sell $3 billion North Sea assets to Chrysaor Read More »
Oil prices rise in light trading on Asian markets By Jessica Resnick-Ault NEW YORK, Jan 27 (Reuters) – Oil prices slipped on Friday, extending losses after data suggested drilling is ramping up in the United States, prompting investor concern about how effective OPEC and other producers will be at supporting prices by cutting supplies. U.S. crude
Oil prices fall as focus shifts to U.S. output Read More »
