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America’s coal miners post profit, seek investors

Bloomberg Boosted by higher global prices, US coal miners are showing they can make money again. Now, for the hard part — winning back investors. Five of America’s largest coal producers — Alliance Resource Partners LP, Arch Coal Inc., Cloud Peak Energy Inc., Peabody Energy Corp. and Warrior Met Coal Inc. — reported a combined $801 million in third-quarter earnings ...

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As oil prices rise, global majors eye deep waters of Mexico

Bloomberg As the price of oil rises, an international rush is on for Mexico’s untapped deep-water riches. The who’s who of the oil world — led by Exxon Mobil Corp and Royal Dutch Shell Plc, the world’s two biggest drillers by market value — are lining up to bid in the country’s Jan. 31 deep-water auction. And the interest is ...

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Northern Drilling raises cash for new rig firm

Bloomberg Northern Drilling Ltd., a company set up by billionaire John Fredriksen to buy offshore drilling rigs on the cheap, raised 2.03 billion kroner ($250 million) in a private placement to expand its fleet. The company said it sold 31.8 million new shares at 64 kroner apiece, equal to the stock’s closing price on the Oslo Axess market a day ...

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