Energy Update

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CANNON BALL, N.D., Dec 5 (Reuters) - Thousands of protesters
in North Dakota celebrated after the federal government ruled
against a controversial pipeline project on Sunday, even though
many recognized that the fight is likely to continue into next
year.

MOSCOW, Dec 5 (Reuters) - Russian Energy Minister Alexander
Novak plans to take part in talks between OPEC and non-OPEC
countries in Vienna on Dec. 10, Russia's RIA news agency
reported on Monday citing a source.

LONDON, Dec 5 (Reuters) - OPEC will meet non-OPEC countries
to finalise a global oil output-limiting pact on Dec. 10 in
Vienna, the first such meeting since 2002, OPEC's secretary
general said on Monday.

Egypt hopes OPEC’s move to cut oil output will actually breathe life into the moribund traffic in its Suez Canal and provide badly needed foreign currency.

* JPMorgan Chase likely to participate in the deal -sources

(Adds background)

MEXICO CITY, Dec 5 (Reuters) - A long-awaited auction of
Mexico's untapped deep water oil fields on Monday has been
fueled by a nearly $3 billion boom in geological data mapping
almost inaccessible deposits to open up what the industry sees
as the world's "last great proven frontier."

* Saudi Arabia, Kuwait might restart joint oilfields soon

(Adds comments, updates prices)

MELBOURNE, Dec 5 (Reuters) - India's Adani Enterprises Ltd
reached a milestone on Monday in its bid to build a
controversial $16 billion coal project in northern Australia,
winning approval for part of a rail link to service the planned
mine.

TOKYO, Dec 5 (Reuters) - Japan's Mizuho Bank and Sumitomo
Mitsui Banking Corp are working on a deal to provide 800 million
euros ($845 million) in loans to Russian gas giant Gazprom,
sources familiar with the matter said on Monday.

HOUSTON, Dec 5 (Reuters) - The U.S. Army's denial of an
easement for the Dakota Access Pipeline, after permitting and
legal obligations were followed, sets an uncertain precedent for
new projects despite President-elect Donald Trump's promise to
support energy infrastructure.

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