• 2 hours ConocoPhillips Sets Price Ceiling For New Projects
  • 3 days Shell Oil Trading Head Steps Down After 29 Years
  • 3 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 3 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 3 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 3 days Venezuela Officially In Default
  • 3 days Iran Prepares To Export LNG To Boost Trade Relations
  • 3 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 3 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 4 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 4 days Rosneft Announces Completion Of World’s Longest Well
  • 4 days Ecuador Won’t Ask Exemption From OPEC Oil Production Cuts
  • 4 days Norway’s $1 Trillion Wealth Fund Proposes To Ditch Oil Stocks
  • 4 days Ecuador Seeks To Clear Schlumberger Debt By End-November
  • 4 days Santos Admits It Rejected $7.2B Takeover Bid
  • 4 days U.S. Senate Panel Votes To Open Alaskan Refuge To Drilling
  • 5 days Africa’s Richest Woman Fired From Sonangol
  • 5 days Oil And Gas M&A Deal Appetite Highest Since 2013
  • 5 days Russian Hackers Target British Energy Industry
  • 5 days Venezuela Signs $3.15B Debt Restructuring Deal With Russia
  • 5 days DOJ: Protestors Interfering With Pipeline Construction Will Be Prosecuted
  • 5 days Lower Oil Prices Benefit European Refiners
  • 5 days World’s Biggest Private Equity Firm Raises $1 Billion To Invest In Oil
  • 6 days Oil Prices Tank After API Reports Strong Build In Crude Inventories
  • 6 days Iraq Oil Revenue Not Enough For Sustainable Development
  • 6 days Sudan In Talks With Foreign Oil Firms To Boost Crude Production
  • 6 days Shell: Four Oil Platforms Shut In Gulf Of Mexico After Fire
  • 6 days OPEC To Recruit New Members To Fight Market Imbalance
  • 6 days Green Groups Want Norway’s Arctic Oil Drilling Licenses Canceled
  • 6 days Venezuelan Oil Output Drops To Lowest In 28 Years
  • 7 days Shale Production Rises By 80,000 BPD In Latest EIA Forecasts
  • 7 days GE Considers Selling Baker Hughes Assets
  • 7 days Eni To Address Barents Sea Regulatory Breaches By Dec 11
  • 7 days Saudi Aramco To Invest $300 Billion In Upstream Projects
  • 7 days Aramco To List Shares In Hong Kong ‘For Sure’
  • 7 days BP CEO Sees Venezuela As Oil’s Wildcard
  • 7 days Iran Denies Involvement In Bahrain Oil Pipeline Blast
  • 10 days The Oil Rig Drilling 10 Miles Under The Sea
  • 10 days Baghdad Agrees To Ship Kirkuk Oil To Iran
  • 10 days Another Group Joins Niger Delta Avengers’ Ceasefire Boycott

A Flagship U.S. Coal Project Gets Quashed

A Flagship U.S. Coal Project Gets Quashed

Producers in the coal space are desperately looking for answers these days.

Miners are trying to find ways to maintain profitability. In the face of falling prices for most grades of coal globally.

The effects have been particularly strong in the U.S. Where environmental regulations, and abundant mine supply, have conspired to drop local prices to multi-year lows.

And the industry was dealt another blow this week. When a key export project was denied by regulatory authorities, now putting this high-hopes work in jeopardy.

The project is a coal terminal on the Pacific coast of Oregon. Advanced over the past two years by Australia's Ambre Energy--a firm specializing in the coal mining and marketing space.

Ambre had been looking to building the Pacific terminal as a new outlet for U.S. coal production. The concept being to ship coal from Montana and Wyoming westward by train and then river-borne barge. Eventually being loaded onto ships for transport, primarily to Asian consumers.

But the Oregon Department of State Lands said Monday that plan is a no-go. Finding that Ambre hadn't done enough analysis of alternatives to prevent harm to tribal fisheries along the proposed export route.

The state department will therefore deny Ambre permits to build the project. Putting the future of this export route in doubt.

The ruling is particularly interesting as a possible precedent for other coal projects planned on the U.S. west coast. There are currently three export projects in the works--but Ambre's is the most advanced in terms of planning and permitting. This week's ruling may thus suggest developing headwinds to the concept of Pacific coal exports in general.

Ambre has the option to appeal the state decision. But until we see any progress on such a front, the future of this option for U.S. producers should be considered substantially diminished.

Here's to moving it out,

Dave Forest




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News