Energy Update
BEIJING, Dec 3 (Reuters) - At least 38 people have died in
two separate coal mine disasters in China in the last five days,
state media said, the latest accidents in a country with a poor
record of industrial safety.
CHICAGO, Dec 2 (Reuters) - U.S. coal producer Peabody Energy
Corp said it would seek court approval to repay a
$500 million term loan ahead of schedule because it has enough
cash to operate in bankruptcy thanks to a rise in coal prices.
Dec 2 (Reuters) - Windpower developer Deepwater Wind said on
Friday its 30-megawatt wind farm located offshore from Block
Island, Rhode Island, has completed the testing phase and is
expected to start commercial operations in a few days.
German Chancellor Angela Merkel, fresh from taking over the presidency of the Group of 20 nations, plans to use her leverage to challenge Donald Trump’s skepticism about the value of renewable energy by pointing out where it’s a viable business.
Dec 2 (Reuters) - Wells Fargo & Co said it would "be
pleased" to meet with tribal elders from the Standing Rock Sioux
tribe before year-end to discuss the U.S. bank's investment in
the Dakota Access Pipeline, the company told the tribe in a
letter dated Thursday.
NEW YORK, Dec 2 (Reuters) - Delta Air Lines Inc is
preparing to market gasoline from a refinery it owns outside
Philadelphia, signaling a shift in strategy toward managing the
plant as a commercial refiner rather than a dedicated jet fuel
supplier.
LUANDA, Dec 2 (Reuters) - Angolan President Jose Eduardo dos
Santos, who has been in power since 1979 and is one of Africa's
longest-ruling leaders, will not stand for re-election at
national polls due to be held next year, a ruling party document
showed on Friday.
(Adds Permian rigs in paragraph 4)
Dec 2 (Reuters) - U.S. energy companies extended their
recovery in oil drilling into a seventh month this week as they
follow through on plans to add rigs as crude rose to its highest
price in over a year.
Drillers added three oil rigs in the week to Dec. 2,
bringing the total count up to 477, the most since January, but
still below the 545 rigs seen a year ago, energy services firm
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