Energy Update
SANTIAGO, Jan 19 (Reuters) - Chilean copper miner
Antofagasta said on Thursday it would sell its 40
percent stake in the Alto Maipo hydroelectric power project to
partner AES Gener, exiting the project entirely.
OTTAWA, Jan 19 (Reuters) - Canadian exporters are scrambling
to find ways to avoid a potential 10 percent import tax promised
by U.S. President-elect Donald Trump, including the possible
shifting of production or supply lines south of the border.
The proposed U.S. Secretary of Energy, Rick Perry, once said that he would like to see the Department of Energy eliminated. However, now that he has been tapped to lead the department and understands its role Perry said he “would be honored” to be confirmed as the next leader of the U.S. Department of Energy (DOE).
TORONTO, Jan 19 (Reuters) - Canadian underwater energy
storage company Hydrostor is eyeing $1 billion of contracts to
replace decommissioned U.S. peak power plants in the next two or
three years, its chief executive said.
NEW YORK, Jan 19 (Reuters) - U.S. crude inventories rose
unexpectedly last week as refineries sharply slowed production,
while gasoline stocks soared amid weak demand, the Energy
Information Administration said on Thursday.
WASHINGTON, Jan 19 (Reuters) - Rick Perry, President-elect
Donald Trump's pick to run the U.S. Energy Department, said
during his Senate confirmation hearing on Thursday that global
warming caused by humans is real, but that efforts to combat it
should not cost American jobs.
Nyadi Hydropower Ltd. and Zhejiang Hydropower Construction & Installation Company Ltd. of China signed an engineering, procurement and construction (EPC) contract on Jan. 16 for the 30-MW Nyadi hydropower project, according to local published reports.
NEW DELHI, Jan 19 (Reuters) - Overseas exporters chartering
foreign vessels to supply goods to India will have to pay a
service tax on freight from Sunday, a government notification
said.
ISLAMABAD, Jan 19 (Reuters) - Commodity trader Gunvor has
won a major tender to supply about 60 liquefied natural gas
(LNG) shipments to Pakistan over a five year period while
Italy's Eni will supply the country with LNG over a 15-year
period, a Pakistani energy official told Reuters.
Jan 19 (Reuters) - A federal appeals court on Thursday
rejected former Massey Energy Co Chief Executive Officer Donald
Blankenship's bid to overturn his conviction and one-year prison
sentence related to his role in a 2010 West Virginia mine
explosion that killed 29 workers.
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