Energy Update

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SYDNEY, Dec 16 (Reuters) - Tumbling iron ore prices have already forced smaller miners to close, but forecasts of further deterioration could test the staying power of even the lowest-cost, mega-miners still turning a profit.

LONDON, Dec 16 (Reuters) - Rolls-Royce, the British engineering company which has issued four profit warnings in just over a year, said it was scrapping a layer of senior management in the first move by new boss Warren East to turn the business around.

SYDNEY, Dec 16 (Reuters) - China's State Power Investment Corp will buy several wind farms from Australia's largest pension fund investor, IFM Investors, a source told Reuters on Wednesday, in a sale that media had said would raise about A$1.5 billion ($1 billion).

SYDNEY, Dec 16 (Reuters) - China's State Power Investment Corp will buy several wind farms from Australia's largest pension fund investor, IFM Investors, a source told Reuters on Wednesday, in a sale that local had said would raise about A$1.5 billion ($1 billion).

BRUSSELS/MILAN, Dec 15 (Reuters) - Russia's divide-and-rule strategy threatens to sour summit talks in Brussels this week after Italy linked the extension of sanctions on Moscow to a debate of a Gazprom gas pipeline project, diplomats said.

Anglo American said recently it would scrap its dividend this year and next, hugely reduce capex and look to sell all its lossmaking assets.

Dutch economic affairs minister Henk Kamp must be more than ready for the holiday season after what has been an eventful year for the man in charge of the country’s energy policy.

(Wed, 16 Dec 2015) Independent energy assessments of a subset of the buildings surveyed in EIA's Commercial Buildings Energy Consumption Survey have confirmed the quality of data gathered by interviewers. For instance, 65% of the square footage values collected by the interviewers agreed within +/- 10% with the square footage data collected by professional energy assessors.

WASHINGTON, Dec 15 (Reuters) - Congressional negotiators on Tuesday wrapped up a sprawling deal to keep the U.S. government operating through next September, while setting new policies ranging from repealing a 40-year-old ban on oil exports to making many business tax breaks permanent, according to Republican lawmakers.

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