360 Digital Closing Bell 6-3-2020
Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. The best 6 min summary of the energy markets.
Green day all around, led by the banks, and defense contractors and oil flat.
Coal News
Helping China cut carbon emissions isn’t a financial game every business can play
BEIJING — China has a lot more to worry about at home than its foreign policy. Some energy-related companies in the country have found themselves caught in a business cycle that shows how difficult it can be for stimulus …
360 Digital Closing Bell 6-2-2020
Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. The best 6 min summary of the energy markets.
Markets look green. EOG is Bullish in Q4!
International News Desk: Demand for
Peabody to cut staff at NSW’s Metropolitan coal mine -a symptom of larger problems
Oil & Gas Publishers Note: These layoffs and the weaker demand in the coking coal are just another example of the world wide slowdown. Coking coal is used in steal production. The domino effect of the world Covid-19 pandemic …
2 Stats Show the Dire State of U.S. Coal-Fired Power Plants
2 Stats Show the Dire State of U.S. Coal-Fired Power Plants
…Coal Market 2020-2024 | Development of Smart Cities to Boost Growth | Technavio
Technavio has been monitoring the coal market and it is poised to grow by USD 66.3 billion during 2020-2024, progressing at a CAGR of almost 2% during the forecast period. The report offers an up-to-date analysis regarding the current market …
U.S. renewable energy consumption surpasses coal for the first time in over 130 years
In 2019, U.S. annual energy consumption from renewable sources exceeded coal consumption for the first time since before 1885, according to the U.S. Energy Information Administration’s (EIA) Monthly Energy Review. This outcome mainly reflects the continued decline in …
Alberta rescinds regulations — Will allow open-pit coal mines
The Alberta provincial government is changing its coal policies in a move it says is intended to make it easier to develop open-pit coal mines in one of the province’s most sensitive areas.
“Government is placing a strong …
Air Products to Invest $2 Billion for Landmark Coal-to-Methanol Project in Indonesia
AKARTA, Indonesia, May 18, 2020 /PRNewswire/ — Air Products (NYSE: APD) today announced it has signed a definitive agreement for a long-term on-site contract for a world-scale coal-to-methanol production facility in Bengalon, East Kalimantan, Indonesia.
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Rs 50k-crore investment in coal infra
According to finance minister Nirmala Sitharaman, not just fully explored coal blocks, but even partially explored ones will now be auctioned, and 50 assets will go under the hammer soon.
Oil & Gas 360 Publishers Note: This theme …
EIA: Short-Term Energy Outlook
Forecast Highlights
Global liquid fuels
- Although all market outlooks are subject to many risks, the May edition of EIA’s Short-Term Energy Outlook remains subject to heightened levels of uncertainty because the effects on energy markets of mitigation efforts
U.S. coal-fired electricity generation in 2019 falls to 42-year low
Output from the U.S. coal-fired generating fleet dropped to 966,000 gigawatthours (GWh) in 2019, the lowest level since 1976. The decline in last year’s coal generation levels was the largest percentage decline in history (16%) and second-largest in absolute …
In 2019, U.S energy production exceeded consumption for the first time in 62 years
EIA
Oil & Gas 360 Publishers Note: Very interesting data provided by the EIA. If the U.S. energy production exceeded consumption in 2019 with no Covid 19 Virus, what in the world is going to happen this year?
In 2019, …
China Pushes Coal Power To Fight Economic Slump – Analysis
Oil and Gas 360 Publishers Note: This is an interesting Op-Ed article that brings the economic power of coal – cheap. With the economic crisis facing China, you may in fact see a regression to more electricity produced …
CONSOL Provides Operations Update at Pennsylvania Mining Complex
CONSOL Provides Operations Update at Pennsylvania Mining Complex
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Coronavirus crisis could slow the rate of energy transition, Rystad says
Energy Today
Oil & Gas 360 Publishers Note: Here is one you would not have seen coming last year. The fast moving renewable market being slowed down, and coal production going up. Key takeaway from this article: China’s coal mines …
Buffalo Coal’s Position on COVID-19
Buffalo Coal is a South Africa based company, with its head office based in Centurion, Gauteng, and its mining operations based in Dundee, KwaZulu Natal.
South Africa reported its first positive case of COVID-19 on March 5, 2020. As at …
Linc Energy’s former executives committed to stand trial over failed coal gasification plant
Oil & Gas Publishers Note: While this is happening in Australia, it may be a new trend in the United States. Will be interesting to follow.
Five executives who were in charge of Linc Energy’s experimental coal gasification …
Climate change and the coal industry; how are regulations impacting coal production.
Oil & Gas Publishers Note: WTHI-TV10 provides a good report on the coal industry, and some good advice is offered in the report: “We need more diversity on our system that our customers would be hurt if we have …
Warrior Met Coal to Begin Development of World-Class Blue Creek Hard Coking Coal Project
Transformational Growth Investment Will Reinforce Warrior’s Position as the Premier U.S. Pure-Play Met Coal Producer –Planned Capacity of 4.3 Mstpa of Premium High Vol A Met Coal with First Quartile Cost Position –Oil&Gas360 Publishers note: This is an …
Warrior Met Coal Reports Fourth Quarter and Full-Year 2019 Results
Warrior Met Coal Reports Fourth Quarter and Full-Year 2019 Results- Warrior reported fourth quarter 2019 net income of $20.8 million, or $0.41 per diluted share, compared to net income of $374.2 million, or $7.11 per diluted share, in the fourth …
Just Transition- Amid Climate Debate And Coal’s Decline, West Virginia Considers Its Future
Oil & Gas 360 Publishers Note: Brittany Patterson writes about a side effect of the war on climate change – peoples lives. Balanced energy plans include a slower migration from coal. The United States is not the …
Updated Dial-In Information for Exchange Call with Contura Management
Updated Dial-In Information for Exchange Call with Contura Management
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EIA projects total U.S. energy-related CO2 emissions to be relatively flat through 2050
Oil & Gas 360 Publishers Note: Flat is better than increase. Transforming the current energy structure is a momentous task, and needs to be implemented while keeping the economy going. People need to remember – The United States is …
Contura Announces Updated 2020 Guidance and Certain Preliminary, Unaudited Fourth Quarter 2019 Results
Contura Announces Updated 2020 Guidance and Certain Preliminary, Unaudited Fourth Quarter 2019 Results
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Toxic coal ash is making its way to Florida from Puerto Rico. Experts warn of its adverse health effects
Oil & Gas Publishers Note: This story from CBS is an excellent example of bad business practices that give the energy sector a bad name. The energy, and oil & gas producers have enough problems improving their practices to …
Trump administration moves ahead on shrinking Utah monuments
SALT LAKE CITY (AP) — The U.S. government implemented final management plans Thursday for two national monuments in Utah that President Donald Trump downsized more than two years ago that ensure lands previously off-limits to energy development will …
Warrior Met Coal Publishes Inaugural Corporate Responsibility Report
Warrior Met Coal Publishes Inaugural Corporate Responsibility Report
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Fight to stop gas-powered generation plant may be futile
“ISO-New England estimates that some 7,000 megawatts of electricity from higher-polluting coal- and oil-fired plants will be retired in the near future – creating a need for [NTE’s] cleaner, more efficient power,” Eves said. “To halt the …
EIA’s Annual Energy Outlook 2020 projects consumption growing more slowly than production
The AEO2020 Reference case projects domestic energy demand to grow 0.3% per year on average through 2050, slower than the average annual growth of 1.9% in U.S. gross domestic product. This projection is largely driven by continued increases in …
