Energy Update
LONDON, Aug 15 (Reuters) - Investors in mining stocks could
face years of weak returns as a rally in share and industrial
metals prices eases pressure on companies to restructure and
curb oversupply.
LAUNCESTON, Australia, Aug 15 (Reuters) - If you believe
that thermal coal's rally this year has been largely on the back
of rising Chinese imports, it follows that any sign of
moderation in demand in the world's biggest buyer would raise a
red flag of caution.
In its new rules for oil and gas drilling in the Arctic, the US has taken the biggest step yet toward a performance-based system that sets clear standards, but allows industry flexibility in how to meet them.
CARACAS, Aug 15 (Reuters) - Venezuela, which holds the
world's largest crude reserves, is on track to suffer its
steepest annual oil output drop in 14 years as it suffers the
effects of an economic crisis and years of under investment and
mismanagement, according to data seen by Reuters and interviews
with company sources and workers.
Former CEO Dwight Brown did a number on the Cobb Electric Membership Corporation (EMC). Cobb EMC serves around 175,000 member-owners just outside of Atlanta, Ga., and is one of 900 member-owned electric cooperatives in the United States.
(Mon, 15 Aug 2016) In the U.S. Energy Information Administration's International Energy Outlook 2016 (IEO2016) and Annual Energy Outlook 2016 (AEO2016), natural gas production worldwide is projected to increase from 342 billion cubic feet per day (Bcf/d) in 2015 to 554 Bcf/d by 2040. The largest component of this growth is natural gas production from shale resources, which grows from 42 Bcf/d in 2015 to 168 Bcf/d by 2040.
HELIN, China, Aug 14 (Reuters) - Deep in the coal
heartlands of northern Shanxi province, people in Helin village
are fighting a losing battle as the ground beneath them
crumbles: patching up cracks, rebuilding walls and filling in
sinkholes caused by decades of coal mining.
SINGAPORE, Aug 15 (Reuters) - Singapore oil and gas
exploration firm KrisEnergy Ltd on Sunday said some
covenants on existing debt agreements could come under stress in
the near term as weaker oil markets hit revenue.
MELBOURNE, Aug 15 (Reuters) - Aurizon Holdings
reported a 16-percent drop in annual underlying profit on a
decrease in transported coal and freight and said on Monday it
expected operating earnings to grow in 2017 but by less than
analysts had been forecasting.
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