Post Tagged with: "coal"

Cloud Peak Energy Receives Court Approval of “First Day” Motions to Support Business Operations

Cloud Peak Energy Receives Court Approval of “First Day” Motions to Support Business Operations

Cloud Peak Energy Receives Court Approval of “First Day” Motions to Support Business Operations

May 14, 2019 - 9:21 pm Closing Bell Story‎, Finance, Press Releases
Sign of the Times: Coal Giant Cloud Peak Files for Chapter 11

Sign of the Times: Coal Giant Cloud Peak Files for Chapter 11

From the Casper Star Tribune

Cloud Peak Energy, the coal giant that operates two Wyoming mines, filed for bankruptcy Friday amid mounting debt and declining demand.

The filing follows months of troubling signs for the Powder River Basin operator, which …

May 13, 2019 - 6:11 am Closing Bell Story‎, Energy News
Cloud Peak Energy Gets Short Reprieve Amid Bankruptcy Concerns

Cloud Peak Energy Gets Short Reprieve Amid Bankruptcy Concerns

From the Casper Star-Tribune

Cloud Peak Energy gained another week of reprieve last Tuesday, when the coal company reached an agreement with creditors to extend a grace period for their unpaid debt until May 7.

In a filing last Wednesday …

May 6, 2019 - 12:21 pm Closing Bell Story‎, Energy News
Coal Mining’s Decline: Bankruptcy Judge Strips Retiree Healthcare and Union Contract, Introduces Virginia Businessman to Wyoming Coal

Coal Mining’s Decline: Bankruptcy Judge Strips Retiree Healthcare and Union Contract, Introduces Virginia Businessman to Wyoming Coal

From the Casper Star-Tribune

Westmoreland Coal’s path in Wyoming

The bankruptcy judge in the Westmoreland case ruled in favor of the coal firm Friday, which had sought to eliminate retiree health benefits and break the Kemmerer coal mine’s union contract

February 18, 2019 - 7:11 am Closing Bell Story‎, Energy News, Law
Michigan Gas Outage Could Bolster Trump’s Bid to Save Coal Plants

Michigan Gas Outage Could Bolster Trump’s Bid to Save Coal Plants

From Bloomberg

A natural gas supply disruption forcing Michigan residents to lower thermostats and automakers to suspend operations could bolster President Donald Trump’s effort to keep coal plants operating possibly by invoking national security powers.

The episode began Wednesday when …

February 1, 2019 - 4:17 pm Closing Bell Story‎, Energy News, Natural Gas News
U.S.’s Oldest Independent Coal Producer Files Bankruptcy

U.S.’s Oldest Independent Coal Producer Files Bankruptcy

From Power Magazine

Colorado-based Westmoreland Coal Co. on October 9 said it had filed for Chapter 11 bankruptcy, with the company reporting more than $1.4 billion in debt. The company in its annual financial report in April of this year …

October 11, 2018 - 11:21 am Closing Bell Story‎, Commodity Pricing, Power Generation
Coal Production Cuts Continue with Power Plant Retirements: S&P

Coal Production Cuts Continue with Power Plant Retirements: S&P

From IEEFA

Coal producers delivered 51.4 million tons of coal, 6.6% of the coal mined in the U.S. in 2017, to power plants scheduled to retire in the next 10 years as a secular decline in domestic demand continues to …

September 7, 2018 - 6:50 am Closing Bell Story‎, Energy News
Secretary-General Ban Ki-moon at Paris Agreement Ratification Ceremony.
From Paris to Hangzhou – Climate Response in Action.
H.E. Mr. XI Jinping, President of the People’s Republic of China and H.E. Mr. Barack Obama, President of the United States of America present the instrument for the Paris Agreement to the Secretary-General.

Walls, Windmills, the BRI and Power Lines: What is China’s Long-Term Energy Strategy?

From Asia Times

China is now the undisputed leader in renewable-energy manufacturing worldwide. Yet along the routes of its Belt and Road Initiative – the largest foreign-investment strategy in history – alternative-clean-energy projects pale in comparison with coal-fired power plants.…

August 29, 2018 - 10:53 am China, Closing Bell Story‎, Energy News
Lackawana Energy Center Project Rendering. Source: http://lackawannaenergy.com/

Natural Gas-Power Approaches Record High Usage as Coal Power Sinks

From the Casper Star-Tribune

Natural gas use is projected to hit near record highs as people crank the air conditioning over the hot summer months, while coal’s share of the electricity mix will remain stagnant.

Gas could provide up to …

Championing Coal and Nuclear Likely to Take Market Share from NatGas

Championing Coal and Nuclear Likely to Take Market Share from NatGas

Gas-powered generation companies unhappy about administration’s coal and nuclear power bailout plans

From US News

President Trump’s most recent move, an announcement last week that his administration will once again try to prop up ailing coal and nuclear plants, drew …

June 7, 2018 - 6:44 pm Closing Bell Story‎, Energy News
Wyoming Coal Production Reflects Demand for Higher Heat

Wyoming Coal Production Reflects Demand for Higher Heat

Nation’s largest two surface mines mostly hold course, others see large drops

From the Casper Star Tribune

Wyoming mines that produce lower heat coal appear to have struggled in the first quarter of the year while the state’s largest mines …

May 1, 2018 - 11:16 am Closing Bell Story‎, Energy News
CPP Keep or Kill: Washington to Hear from Coal Country at EPA Clean Power Plan Meeting Tuesday

CPP Keep or Kill: Washington to Hear from Coal Country at EPA Clean Power Plan Meeting Tuesday

From the Casper Star Tribune

The Environmental Protection Agency will hold a listening session Tuesday in Gillette to discuss the Clean Power Plan.

The federal agency responsible for the emissions-cutting Clean Power Plan will hold a public meeting today in …

March 27, 2018 - 1:01 pm Closing Bell Story‎, Energy News
China Continues Transition to NatGas, Ranks Second in LNG Imports

China Continues Transition to NatGas, Ranks Second in LNG Imports

In 2017 China surpassed South Korea to become the world’s second-largest importer of LNG, according to data from IHS Markit and official Chinese government statistics, the EIA said. Driven by government policies designed to reduce air pollution, LNG imports increased …

February 23, 2018 - 3:31 pm Closing Bell Story‎, LNG, Oil and Gas 360 Articles
Ukraine

NatGas Will Provide Bulk of U.S. Electricity for at Least Two More Years

United States leans away from coal as natural gas powers up to 20 gigawatts in 2018

The EIA’s January 2018 Short-Term Energy Outlook (STEO) forecasted that natural gas will remain the primary source of U.S. electricity generation for …

Coal CEO Condemns FERC’s Decision on Power Grid

Coal CEO Condemns FERC’s Decision on Power Grid

From Whio.com

A decision by an independent energy agency to reject the Trump administration’s plan to bolster the coal industry could lead to more closures of coal-fired power plants and the loss of thousands of jobs, a top coal executive …

January 10, 2018 - 8:00 am Closing Bell Story‎, Energy News
EIA Believes 2018 Will See the Highest U.S. Crude Production Since 1970

EIA Believes 2018 Will See the Highest U.S. Crude Production Since 1970

In its latest Short-Term Energy Outlook the U.S. Energy Information Administration forecasts total U.S. crude oil production will average 9.2 million BOPD for all of 2017 and 10.0 million BOPD in 2018, which would mark the nation’s highest annual average …

Asian Infrastructure Investment Bank Will Loan Beijing Gas Group Co. $250 Million to Connect Rural China to Natural Gas Network, to Replace Coal

Asian Infrastructure Investment Bank Will Loan Beijing Gas Group Co. $250 Million to Connect Rural China to Natural Gas Network, to Replace Coal

Pipelines, meters, household connections to be completed by 2021; project will cut China coal demand by 650,000 tons annually

The Asian Infrastructure Investment Bank’s (AIIB) approved a US$250 million loan for a project that will connect about 216,750 households in …

December 12, 2017 - 12:31 pm China, Closing Bell Story‎, Oil and Gas 360 Articles
China’s Crying Need for NatGas—a Discovery in Bohai’s Shallow Water, LNG Demand Booming

China’s Crying Need for NatGas—a Discovery in Bohai’s Shallow Water, LNG Demand Booming

China on a tear to expand domestic gas output and diversify its natural gas imports

China’s quest for natural gas

“China supports domestic enterprises to increase natural gas output and at the same time to diversify imports of the resource,” …

CONSOL Energy Separates E&P and Coal into Separate Businesses

CONSOL Energy Separates E&P and Coal into Separate Businesses

Utica production up 45% Q2 to Q3 2017

CONSOL Energy (ticker: CNX) released its Q3 financials today and announced its division into new subsidiary companies.

New companies, new names and ticker symbols

  • The current parent, CONSOL Energy, will change its
EPA Chief Pulls Plug on Clean Power Plan

EPA Chief Pulls Plug on Clean Power Plan

For coal the damage is already done, plants are switching to natural gas

Today U.S. Environmental Protection Agency (EPA) Administrator Scott Pruitt issued a Notice of Proposed Rulemaking (NPRM) that proposes to repeal the prior administration’s Clean Power Plan (CPP).…

U.S. Coal Finds Market in Europe, Gas Too

U.S. Coal Finds Market in Europe, Gas Too

U.S. responsible for 40% of the world’s new gas production by 2022: IEA

A report by the EIA indicated that coal exports—for both steam coal, used for power generation, and metallurgical coal, used for refining steel—have increased by 58% from …

CONSOL Energy Breaking into Separate Coal and Nat. Gas Companies

CONSOL Energy Breaking into Separate Coal and Nat. Gas Companies

CONSOL Energy (ticker: CNX), a Pittsburgh based coal mining and natural gas exploration company plans to split the corporation into two separate companies, one focusing on natural gas exploration and production, the other focusing on coal mining.

The company’s Pennsylvania …

Retirements of Coal, Oil Power Plants Beget Demand for Gas – Especially in Florida

Retirements of Coal, Oil Power Plants Beget Demand for Gas – Especially in Florida

Gas pipelines critical to get gas to Florida – state added 3.4 GW of gas-fired power since 2016, another 3.9 GW coming in next 6 years

The retirement of older coal and oil-fired power plants in the state has instigated …

The War on Coal is Done: Pruitt

The War on Coal is Done: Pruitt

EPA launches Back-to-Basics agenda at Pennsylvania coal mine

U.S. Environmental Protection Agency Administrator Scott Pruitt visited the Harvey Mine in Sycamore, Pa., last week where he announced EPA’s Back-to-Basics agenda, cementing his earlier statement that the new administration has declared …

U.S. Issues Coal Lease in Utah: “The Interior Department is in the Energy Business” – Zinke

U.S. Issues Coal Lease in Utah: “The Interior Department is in the Energy Business” – Zinke

$22 million lease covers 56 million tons of coal in central Utah

U.S. Department of the Interior Secretary Ryan Zinke announced the approval of a $22 million coal lease this week. The lease, located on the Greens Hollow tract in …

For Coal to Come Back, 3 Things Must Happen

For Coal to Come Back, 3 Things Must Happen

The inevitability of coal’s decline–that perception will probably change: Pipes

To set the stage for a coal comeback, one factor is already in place

Within minutes after his inauguration, President Trump posted a memo on the White House website entitled …

West’s Largest Coal Power Plant May Close Due To Inexpensive Natural Gas

From Forbes

The largest coal power plant in the western United States, the Navajo Generating Station near Page, Arizona, may shut down soon due to low natural gas prices, the plant’s operators report. The struggles of the power plant illustrate …

February 9, 2017 - 10:11 am Closing Bell Story‎, Energy News, Power Generation
Coal Demand Shifting to Asia with Big Implications for Markets

Coal Demand Shifting to Asia with Big Implications for Markets

As Europe and America consume less coal, China gains greater influence over coal industry

In its medium-term coal market report for 2016, IEA reports that global coal demand growth has stalled after more than a decade of 4% annual growth, …

Source: Indianaaffairs.gov

Canada Wants to Phase Out Coal by 2030

Environment Minister Catherine McKenna speeds up Canada’s climate plan; further coal mining jobs in U.S. and Canada at risk

Canada will completely phase out coal power by 2030 as part of the country’s goal to meet greenhouse-gas reduction targets.

Upon …

November 23, 2016 - 3:04 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles

Coal-Fired Capacity Takes a Hit

From Power Magazine

The Minnesota Public Utilities Commission (MPUC) voted unanimously to support Xcel Energy’s latest long-range plan, which will transform the company’s energy fleet.

Xcel expects to more than double its renewable energy portfolio as a result, delivering greater …

October 27, 2016 - 9:02 am Closing Bell Story‎, Electrical Power Generation