Energy Update

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SEOUL, Nov 25 (Reuters) - South Korea's Daesung Industrial
Gases, nearly half-owned by Goldman Sachs, will be put up for
auction with first-round bids due in early December - a deal
reportedly worth about 1.5 trillion won ($1.3 billion).

SEOUL, Nov 25 (Reuters) - South Korea's finance minister
said on Friday he expects business conditions to worsen due to
local interest rates tracking rising U.S. yields, and volatility
gripping financial market.

* Most analysts expect some form of output cut after OPEC
meeting

CARACAS, Nov 24 (Reuters) - Venezuela's PDVSA said on
Thursday it was taking legal action seeking compensation for a
$1 billion scheme in which two oil magnates paid bribes to
obtain lucrative contracts from the state oil company.

* Adani still pursuing long-delayed Australian coal plan

(Recasts with second solar plant in Whyalla)

ABIDJAN, Nov 24 (Reuters) - French oil major Total
, the Ivorian state oil company and four other partners formally
established a consortium on Thursday to build a liquid natural
gas (LNG) import terminal meant to feed the country's growing
electricity consumption.

SYDNEY, Nov 25 (Reuters) - BHP Billiton and Vale Sa
have each approved $181 million to fund remediation
and compensation programs at the Samarco iron ore joint venture
in Brazil following a deadly mine disaster in November 2015.

Nov 24 (Reuters) - Otto, the seventh Atlantic hurricane of
the season, made landfall on the coast of southern Nicaragua to
the north of the town of San Juan de Nicaragua, the U.S.
National Hurricane Center said on Thursday.

OTTAWA, Nov 24 (Reuters) - The Canadian government will
announce its decision on two major Enbridge Inc
pipeline projects on Nov. 29, two sources familiar with the
matter said on Thursday.

LONDON/MILAN, Nov 24 (Reuters) - European shares edged up on
Thursday, remaining within a recent range, as a boost from
healthcare stocks was partly offset by weak telecoms and
utilities.

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