China loosens credit for coal and steel companies

March 21, 2017 0

The People’s Bank of China has issued an urgent notice on continuing provision of credit to competitive coal and steel companies, according to Southern Metropolis Daily. The note is in sharp contrast to notices in recent years restricting credit to these sectors, KallanishSteel, sister publication to Kallanish Energy, notes. […]

Judge plans to confirm Peabody’s reorganization plan

March 20, 2017 0

Bankrupt mining giant Peabody Energy announced last week the judge presiding over the company's Chapter 11 process in the U.S. Bankruptcy Court for the Eastern District of Missouri has ruled he intends to confirm the company's amended plan of reorganization.

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Trump seeks to cut EPA budget 31%

March 17, 2017 0

President Trump proposes slashing the Environmental Protection Agency’s annual budget by 31%, focusing the department on core legal requirements, the role of states in implementing environmental laws, and easing “unnecessary” federal regulations that impose significant costs without justifiable environmental benefits.

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Petrobras’ oil, gas output slightly down in February

March 16, 2017 0

Brazilian state-controlled oil and gas company Petrobras saw its output decline slightly in February, on a monthly basis, amid scheduled stoppages at platforms. Total oil and gas output reached 2.82 million barrels of oil equivalent per day (MMMBOE/d) last month, compared to 2.86 MMBOE/d in January.

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