Global Energy Challenges

Exclusive: Exxon eyes expanding Texas refinery into biggest in U.S. - sources

HOUSTON - Exxon Mobil Corp is considering a multibillion-dollar plan to expand its Beaumont, Texas, refinery into the country's largest, the first major refining investment of the U.S. shale oil boom, people with knowledge of the deliberations said.

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China's coal industry says times are hard, outlook worse

24 Jul 2014

BEIJING - More than 70 percent of China's coal firms are making losses, the head of the coal industry association said on Thursday, with prices eroded by falling demand growth, a worsening supply glut and a war on smog.

Coal India's plans for 20 mines hit by land, environment delays

24 Jul 2014

NEW DELHI - Twenty new coal mine projects by state-run Coal India, planned with annual capacity of 52 million tonnes (46 million tons), have been delayed by difficulties acquiring land and environmental clearances, the coal minister said on Thursday, underlining the uphill task he faces in reforming the sector.


Puerto Rico debt crisis headed for U.S.-style bankruptcy resolution

23 Jul 2014

- Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.

EU Commission agrees 30 percent energy savings goal for 2030: sources

23 Jul 2014

BRUSSELS - The European Commission agreed on Wednesday to put forward a target to improve energy efficiency by 30 percent as part of a package of climate and energy policy for 2030, EU sources said.


Beijing shuts big coal-fired power plant to ease smog: Xinhua

23 Jul 2014

BEIJING - Beijing has closed the first of four large coal-fired power plants set to be de-commissioned as part of the city's efforts to cut air pollution, official news agency Xinhua reported on Wednesday, citing the local planning agency.

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