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New Competition Seeks Subsea Cable Monitoring Systems for Offshore Wind

The Carbon Trust’s Offshore Wind Accelerator (OWA) last week launched a global innovation competition to fund the development of offshore wind cable condition monitoring systems.

Britain's FTSE ends historic rally, dragged down by banks' 'hard Brexit' worries

LONDON, Jan 16 (Reuters) - Britain's top share index ended
its record 14-day winning streak on Monday, finishing down for
the first day since Dec. 21, as banking stocks slumped on 'hard
Brexit' worries ahead of Theresa May's speech on Tuesday.

Russia's Gazprom says exports to Germany hit record high in 2016

MOSCOW, Jan 16 (Reuters) - Russian gas producer Gazprom
said on Monday its gas exports to Germany hit a record
high last year and have surged since the start of this year.

Sanctions, tight margins sap appetite for rail link to 'Putin's bridge'

MOSCOW, Jan 16 (Reuters) - An ally of Russian President
Vladimir Putin has been asked to step in to build a railway link
between Russia and annexed Crimea after low margins and the risk
of Western sanctions put off other builders, industry sources
told Reuters on Monday.

UPDATE 1-Saudi to launch $30-50 billion renewable energy programme soon

ABU DHABI, Jan 16 (Reuters) - Saudi Arabia will launch a
renewable energy programme in coming weeks that is expected to
involve investment of between $30 billion and $50 billion by
2023, Energy Minister Khalid al-Falih said on Monday.

MIDEAST STOCKS-Sinking banks drag down Saudi stocks, rest of region mixed

DUBAI, Jan 16 (Reuters) - A slide in banking shares after
earnings at a major bank missed analysts' estimates dragged down
Saudi Arabia's stock market on Monday, while markets in the rest
of the region were mixed.

UPDATE 2-Saudi pledges adherence to oil cut, confident others will

* Says producers unlikely to extend deal beyond six months

(Adds quotes, details)

COLUMN-Oil prices stall as hedge funds stop adding to longs: Kemp

LONDON, Jan 16 (Reuters) - Hedge fund bullishness towards
the price of crude oil appears to have peaked for the time
being, with fund managers booking some profits after the strong
rally in the final seven weeks of 2016.

UPDATE 1-India's Reliance Industries Q3 net profit up 10 pct, beats estimate

* Q3 gross refining margin $10.8 per barrel

(Adds details from press release)

UK export agency signs first loan deal in Africa for Ghana energy project

LONDON, Jan 16 (Reuters) - Britain's credit export agency,
UK Export Finance (UKEF), signed its first direct loan deal in
Africa on Monday, providing $310 million to GE Oil & Gas
to supply equipment for an oil and gas project in Ghana.

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