Energy Update
BRASILIA, June 13 (Reuters) - Brazilian iron ore miner Vale
SA said on Monday that a 20 billion reais ($5.7
billion) civil lawsuit seeking environmental and property
damages for last year's deadly Samarco mine disaster has been
dismissed.
ABB commissioned an integrated solar-diesel microgrid installation at its 96,000 square meter Longmeadow facility in Johannesburg, South Africa.
BRASILIA, June 13 (Reuters) - Brazilian iron ore miner Vale
SA said on Monday that a 20 billion reais ($5.7
billion) civil suit over last year's Samarco mine disaster has
been dismissed, the company said in a securities filing.
CHICAGO, June 13 (Reuters) - CME Group on Monday
banned a former Delta Air Lines fuel executive for using
accounts owned by his wife to front-run trades subsequently
entered in an account controlled by the carrier and for breaking
other exchange rules.
June 13 (Reuters) - U.S. shale oil output is expected to
fall in July for the seventh consecutive month, according to a
U.S. government forecast on Monday, despite a recent rally in
crude prices to an 11-month high over $51 a barrel.
WASHINGTON, June 13 (Reuters) - A World Bank-led solar power
auction in Zambia has set a new low-cost benchmark for Africa,
with two development groups winning backing to build generating
plants in the next year, the international lender said on
Monday.
June 13 (Reuters) - Canadian pipeline operator TransCanada
Corp said on Monday it will build and operate a $2.1
billion natural gas pipeline in Mexico, as the company continues
to ramp up its presence in the Latin American country's large
gas market.
WASHINGTON, June 13 (Reuters) - The U.S. Supreme Court on
Monday turned aside the latest effort by a group of states led
by Michigan to block Obama administration environmental
regulations limiting power plant emissions of mercury and other
toxic pollutants.
ZURICH, June 13 (Reuters) - Switzerland's ABB Ltd
has hired a former Siemens executive to run a
division that makes robots, motors and generators and whose
profit margins have shrunk for five straight quarters amid
sluggish demand for its products.
June 13 (Reuters) - TransCanada Corp said on Monday
that it won a contract with a joint venture partner to build and
operate a $2.1 billion natural gas pipeline in Mexico.
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