Energy Update
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.
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.
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.
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.
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.
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.
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.
DUBAI, Feb 1 (Reuters) - Iran's President Hassan Rouhani
dismissed his U.S. counterpart Donald Trump as a political
novice on Wednesday, stepping up criticism of the Republican's
immigration policies including a temporary travel ban on
Iranians.
Feb 1 (Reuters) - Japan's Kansai Electric Power has
cancelled plans to switch a 1,200 megawatt oil-fired power
station to coal as demand for electricity fell amid a push to
cut the country's emissions after it signed up to a global
climate change accord.
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