JAKARTA: Bumi Resources, the biggest exporter of power-station coal in Asia, will buy a controlling stake in Pendopo Energi Batubara, according to its third acquisition announcement in a week.
Bumi will pay 1.3 trillion rupiah, or $119 million, for an 84 percent interest in the coal mining company and plans to complete the purchase in two [...]

OTTAWA (Reuters) - Teck Cominco Ltd (TCKb.TO: Quote) will cut about 1,400 jobs, or 13 percent of its staff, as part of its plan to clip costs and keep competitive as commodity prices remain weak, the Canadian mining company said on Thursday.
Teck, which expects to save about $85 million annually with the job cuts, also [...]

President-elect Barack Obama is spending time on Capitol Hill promoting his stimulus package. Obama is expected to make a major address about the issue Thursday. One of his top priorities is to create jobs and in doing so move to eliminate America’s dependence on foreign oil. That means there will be an emphasis on renewable [...]

By H. JOSEF HEBERT
WASHINGTON (AP) — President-elect Barack Obama wants to use his economic aid plan to cut energy use in federal buildings, a long-sought goal that has achieved mixed success.
“If we do that effectively, then over the long term we are going to save billions of dollars in energy costs for the federal government [...]

Largest ever US trade mission travels to Delhi and Mumbai as nuclear supply embargo on the country is lifted
Rhys Blakely in Mumbai
The United States will enter the fray against France and Russia this week in the scramble to supply nuclear power equipment worth an estimated $150 billion to India.
The US is sending what is thought [...]

By T.L. HAMILTON
Westinghouse Electric Company has awarded Chicago Bridge & Iron a second contract to build the containment vessels for a nuclear power plant expansion in the southeastern United States.
The engineering, procurement, fabrication and construction contract is valued at $150 million.
“It’s an exciting award for us,” said Jan Sieving, spokesperson for CB&I, which has administrative [...]

By MARTHA RAFFAELE
Associated Press Writer
HARRISBURG — Federal regulators proposed a $65,000 fine Tuesday against the owner of a Pennsylvania nuclear plant where security guards routinely napped on the job.
The Nuclear Regulatory Commission announced the fine against Chicago-based Exelon Nuclear after completing a special investigation of the Peach Bottom plant in south-central Pennsylvania.
Multiple guards were “deliberately [...]

MADISON, Wis. (AP) — The University of Wisconsin-Madison is taking advantage of its location to create a geothermal heating and cooling system for the new Wisconsin Institutes for Discovery.
Geothermal systems use the earth’s mass and stable temperature to produce or absorb heat.
Building project manager George Austin says the institutes’ location between two lakes makes [...]

NEW YORK (AFP) – Oil prices rose sharply Monday as the Israeli-Palestinian conflict intensified and major crude producer Iran said OPEC would hold a special meeting next month.
New York’s main contract, light sweet crude for February, shot up 2.47 dollars to close at 48.81 dollars a barrel.
Brent North Sea crude for delivery in February rallied [...]

BOSTON – Citgo, the Venezuelan government’s Texas-based oil subsidiary, has suspended shipments of heating oil for poor families in the United States, citing falling oil prices and the world economic crisis, the nonprofit organization that distributes the fuel said Monday.
The controversial program gave fuel from Venezuelan President Hugo Chavez’s government to 200,000 households in 23 [...]