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OPEC cut extension could hurt Saudi plan to balance market- Gunvor

ANTWERP, Feb 1 (Reuters) - An extension of OPEC oil
production cuts could push oil prices too high to meet Saudi
Arabia and others' objective of balancing the market without
encouraging U.S. shale output, Gunvor's head of oil market
research said on Wednesday.

The Future of Microgrids: Business Cases

On Tuesday at DistribuTECH in San Diego, Calif., experts debated the future of microgrids with a large focus on the economics of these distributed energy resources and energy management systems.

RPT-COLUMN-China iron ore imports off to strong start; support rally: Russell

LAUNCESTON, Australia, Feb 1 (Reuters) - There is
fundamental justification for the strong start to 2017 for iron
ore prices, with imports by top buyer China remaining robust and
showing no signs of easing.

RPT-INSIGHT-As oil recovers, U.S. firms descend on the Permian Basin in West Texas

ODESSA, Texas, Feb 1 (Reuters) - In most U.S. shale oil
regions, energy firms are making strategic but cautious bets as
the price of oil holds above $50 a barrel.

SEPA and SGIP To Merge

On Tuesday at a breakfast meeting during DistribuTECH, Julia Hamm, CEO and President of the Smart Electric Power Alliance (SEPA), and Sharon Allan, CEO and President of Smart Grid Interoperability Panel (SGIP), announced their intent to merge the two organizations under the SEPA brand and organizational umbrella.

Pipeline company Oneok to buy rest of Oneok Partners for $9.3 bln

Feb 1 (Reuters) - Natural gas pipeline company Oneok Inc
, which owns more than 19 percent of Oneok Partners LP
, said it would buy the remainder of the company for $9.3
billion.

Marathon Petroleum's profit rises about 21 pct

Feb 1 (Reuters) - Marathon Petroleum Corp reported a
21.4 percent jump in quarterly profit, helped by higher income
from its refining business and its unit that transports crude
oil and refined products.

UPDATE 1-Investor Standard Life seeks change at Sports Direct, Volkswagen

LONDON, Feb 1 (Reuters) - Standard Life Investments, the
fund arm of insurer Standard Life, has concerns about
governance at Sports Direct and Volkswagen
and will press for more change at the companies, it said in its
annual governance report on Wednesday.

Energy Storage Fleet Demonstration Completed in Hawaii

Testing for the demonstration of a first-of-its-kind energy storage collaborative project in Hawai‘i now is complete. The customer-sited storage fleet provides 1 MW of storage services across 29 customer sites to accommodate renewable energy resources on the O‘ahu grid.

Electricity Cooperative Association to Demonstrate 200-kWh Energy Storage Project in Texas

An electricity cooperative association in Texas last week said that it will host a 200-kWh energy storage system at its distribution center in Georgetown, Texas, to support training and education for its members.

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