Bankrupt Breitburn Rebuffs $1.8 bln Bid
U.S. oil and gas producer Breitburn Energy Partners LP, which has been in bankruptcy since 2016, does not plan to pursue an unsolicited $1.8 billion cash offer from Lime Rock Resources, according to court filings.
Coal's Future Remains Uncertain
A year after Donald Trump was elected president on a promise to revive the ailing U.S. coal industry, the sector’s long-term prospects for growth and hiring remain as bleak as ever. A Reuters review of…
The Energy Patch: where rights offerings are "sexy" again
Energy businesses that are trying to exit bankruptcy are finding a saviour in some of their own creditors, which have been scooping up newly issued stock from the companies at hefty discounts. More than…
Peabody Makes Fresh U.S. Stock Debut After Bankruptcy Exit
U.S. coal miner Peabody Energy Corp returned to the New York Stock Exchange on Tuesday after emerging from a year-long $8 billion Chapter 11 bankruptcy with far less debt and an industry champion in the White House.
Peabody Energy Emerges from Bankruptcy
U.S. coal miner Peabody Energy Corp said it had emerged from Chapter 11 protection and was expected to begin trading on the New York Stock Exchange on Tuesday under the ticker symbol BTU. The largest U.S.
U.S. Coal Miner Peabody eyes April Bankruptcy Exit
Peabody Energy Corp , the world's largest private sector coal producer, said on Thursday it expects to exit its Chapter 11 bankruptcy in early April after a U.S. judge said he would approve its plan to slash over $5 billion of debt. U.S.
US Judge to Approve Peabody Ch. 11 Plan, Subject to DOJ Talks
A U.S. bankruptcy judge said on Thursday he would approve a plan by Peabody Energy Corp , the world's largest private sector coal producer, to exit Chapter 11 bankruptcy subject to discussions with the U.S. Department of Justice.
Trump Seeks US Energy Companies' Input on Paris Climate Pact
President Donald Trump's administration has been contacting U.S. energy companies to ask them about their views on the U.N. global climate accord, according to two sources with knowledge of the effort…
Peabody, Shareholders Face Off in Bankruptcy Court
Peabody Energy Corp , the world's largest private-sector coal producer, is squaring off in court with shareholders who claim their stock should not be wiped out in the company's $8 billion Chapter 11 bankruptcy, given a rise in prices for the fuel.
Shareholders Seek Peabody Energy Reorganization Stakes
Shareholders of bankrupt Peabody Energy Corp will seek this week to be part of a reorganized company whose prospects have brightened after a recent surge in coal prices and its stock, Barron's reported in its Sunday issue.
Peabody Extends Financing Deadlines after Creditor Lawsuit
Peabody Energy Corp said on Thursday the deadline for creditors to join financing deals aimed at bringing the largest U.S. coal miner out of bankruptcy had been extended after large investors sued to slow the process.
Can Trump Make Coal Great Again?
Most of the U.S. coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel. But a small sub-section…
Battered U.S. Coal Industry Hopes for Trump
Republican presidential nominee Donald Trump has won over the U.S. coal industry by promising to revive the downtrodden sector and scrap regulations if elected. But the industry has a Plan B if the New…
Glencore to Restart Australia Coal Mine as Prices Surge
Glencore said on Tuesday it would restart a coking coal mine in southeastern Australia that was shuttered more than two years ago, with a resurgence in prices for the commodity breathing new life into the sector.
Bankrupt Coal Miner Peabody's Business Plan gets Nod
U.S. coal miner Peabody Energy Corp said its business plan was approved by its debtor-in-possession lenders, clearing the first step towards emerging from Chapter 11 bankruptcy. The company said on Wednesday…
Bankrupt Wyoming Coal Giant Turns to Grass
A squad of about ten Peabody Energy Corp. miners clad in steel-toed boots and hard hats climbed into massive bulldozers on a recent morning, ready to create rolling hills of grass over former pits at the Rawhide coal mine in Wyoming.
Peabody Energy Cutting 235 in Powder River Basin
Peabody Energy Corp, the largest U.S. coal producer, said it would lay off about 235 employees at a mine in the Powder River basin, two weeks after the company flagged bankruptcy risk. The reductions affect…
Obama Administration Offers Aid to Coal Communities
The Obama administration released $65.8 million on Thursday to help communities that are struggling from the decline of the coal industry and bankruptcies of major producers of the fuel. The funds announced…
European Coal Market Pressured by Supply Glut
Peabody Energy says may seek bankruptcy protection. European thermal coal held near multi-year lows on Wednesday, as the market remained in oversupply, limiting any potential gains. European cargoes for nearby delivery into Amsterdam…
Peabody Skips Interest Payment
Peabody Energy Corp, the largest U.S. coal producer, said it may have to seek bankruptcy protection as it did not have enough funds to continue operations. Falling demand for coal, tough environmental…
