Energy Update

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Oct 14 (Reuters) - Hedge fund manager D.E. Shaw and Co said
it may make a non-binding proposal for SunEdison Inc's
stake in Terraform Power Inc, according to a
regulatory filing on Friday.

MEXICO CITY, Oct 14 (Reuters) - Mexico's oil regulator on
Friday approved a more flexible bidding scheme for a highly
anticipated upcoming auction that will pick a partner for
national oil company Pemex to jointly develop its deep-water
Trion block in the Gulf of Mexico.

SAO PAULO, Oct 14 (Reuters) - Brazil's state-controlled oil
company Petróleo Brasileiro SA said on Friday it is
in advanced talks with Ultrapar Participações SA to
sell its gas distribution unit Liquigás Distribuidora SA.

TORONTO, Oct 14 (Reuters) - Canada's main stock index fell
on Friday as a stronger U.S. dollar pressured gold prices and
energy companies scrambled to protect pipelines.

CARACAS, Oct 14 (Reuters) - President Nicolas Maduro on
Friday signed off on Venezuela's 2017 budget, drawing fire from
the opposition-led National Assembly which accused the unpopular
leftist leader of despotism for bypassing the legislature.

(Adds comments, details, gasoline positioning)
NEW YORK, Oct 14 (Reuters) - Hedge funds boosted their
bullish bets on U.S. crude oil for the third week in a row to a
more than two-year high, data showed on Friday, as non-OPEC
countries raised expectations of a joint effort with OPEC
members to cut output.
Money managers raised their net long U.S. crude futures and
options positions in the week to Oct. 11 to the highest since

OTTAWA/CALGARY, Oct 14 (Reuters) - Canadian energy companies
and officials share intelligence, scour social media and send up
surveillance drones but even so they say preventing a disruption
to the country's vast pipeline network is near impossible and
each side wants the other to do more.

NEW YORK, Oct 14 (Reuters) - Equity investors in Breitburn
Energy Partners LP can receive representation on an
official committee, a U.S. bankruptcy court said on Friday,
giving investors in the bankrupt oil and gas company a voice in
restructuring negotiations.

NEW YORK, Oct 14 (Reuters) - Equity investors in Breitburn
Energy Partners LP can receive representation on an
official committee, a U.S. bankruptcy court said on Friday,
giving investors in the bankrupt oil and gas company a voice in
restructuring negotiations.

BUENOS AIRES, Oct 14 (Reuters) - Argentina complained on
Friday about military exercises that Britain is planning this
month in the disputed Falkland Islands in the South Atlantic.

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