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UPDATE 1-Williams Cos, Williams Partners to sell Canadian operations

Aug 8 (Reuters) - Pipeline company Williams Cos Inc
and its master limited partnership agreed on Monday to sell
their Canadian natural gas liquids midstream businesses to Inter
Pipeline Ltd for total cash proceeds of C$1.35 billion
($1.03 billion).

REFILE-Williams Cos, Williams Partners to sell Canadian operations

Aug 8 (Reuters) - Pipeline company Williams Cos Inc
and its master limited partnership said they agreed to sell
their Canadian businesses to Inter Pipeline Ltd for
total cash proceeds of C$1.35 billion ($1.03 billion).

US STOCKS-Wall Street steps back from record highs

* Indexes down: Dow 0.2 pct, S&P 0.21 pct, Nasdaq 0.34 pct

(Updates to afternoon)

UPDATE 1-Chevron wins U.S. ruling blocking $8.6 bln Ecuador rainforest award

NEW YORK, Aug 8 (Reuters) - Chevron Corp persuaded a
federal appeals court on Monday to block enforcement in the
United States of an $8.65 billion Ecuadorean pollution judgment
that it said, and which the court agreed, was obtained through
bribery and fraud.

RPT-UPDATE 2-SM Energy doubles Permian Basin acreage with $980 mln buy

Aug 8 (Reuters) - SM Energy Co said on Monday it
would pay more than $980 million to double its holdings in the
prolific Permian Basin in Texas, showing that some oil producers
are still willing to spend big on good assets.

UPDATE 2-SM Energy doubles Permian Basin acreage with $980 mln buy

* Shares rise as much as 11 pct

(Recasts, adds analyst quotes)

Brazilian regulator rejects environmental license for proposed 8,000-MW Sao Luiz do Tapajos hydropower project

Brazil's Institute of the Environment and Natural Resources, Ibama, has decided not to award an environmental license for the Sao Luiz do Tapajos hydroelectric plant, effectively ending development of the controversial 8,000 MW project.

Storage in the Power Grid

The electric grid is in a rapid state of change. The arrival of intermittent renewable resources is creating significant new operating challenges for the utilities. Batteries and other storage devices are suggested as a means of providing local firming and backup for intermittent resources. This has led to a common focus on storing and returning energy to the local power system, be that a residence, commercial or industrial establishment.

Egypt announces sharp rises in electricity prices as it aims to phase out subsidies

CAIRO, Aug 8 (Reuters) - Egypt will increase electricity
prices by up to 40 percent for households as part of its plan to
repair its finances by eliminating power subsidies entirely over
the next few years, the government said on Monday.

Swiber gets interim court order to stop payment of bank guarantees

SINGAPORE, Aug 8 (Reuters) - Swiber Offshore Construction,
part of troubled Singapore oilfield services firm Swiber
Holdings, has received an interim court order to halt
payment of bank guarantees for projects it was involved in, a
stock exchange filing showed.

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