Energy Update

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WASHINGTON, Oct 3 (Reuters) - The U.S. Agency for
International Development said on Monday it was providing a
combined $400,000 in aid to Haiti and Jamaica as the Caribbean
nations prepare for Hurricane Matthew.

SINGAPORE, Oct 4 (Reuters) - Oil prices dipped early on
Tuesday, weighed down by a rise in Iranian exports that adds to
a global supply overhang, although a planned OPEC-led supply cut
later this year has lent crude some support.

* Exceeds 2011 average of 2.5 mln-2.6 mln bpd before
sanctions

Austin Exploration announce that the second phase of drilling on Columbus #1 well has commenced.

Bahrain National Gas Expansion Company S.P.C. and JGC Gulf International have signed $98.7m engineering, procurement and construction (EPC) contract for field pipelines and Sitra storage expansion project.

SAO PAULO, Oct 3 (Reuters) - State-controlled oil company
Petróleo Brasileiro SA has sent documents to
potential bidders presenting the sale of subsidiary Petrobras
Distribuidora SA, formally launching a reworked plan to sell a
stake in the fuel unit.

TORONTO/OTTAWA, Oct 3 (Reuters) - Canada's federal
government on Monday vowed to bring in a minimum price on carbon
emissions by 2018, prompting one energy-producing province to
threaten legal action and another to demand approval of an oil
pipeline in return.

BRASILIA, Oct 3 (Reuters) - Brazil's municipal elections
showed that new parties have failed to capitalize on voters'
disenchantment with a corruption-tainted political
establishment, making it unlikely an outsider will win the 2018
presidential poll.

PARIS, Oct 3 (Reuters) - French energy utility EDF
will be able recover about 1 billion euros ($1.12 billion) from
customers following a retroactive increase in bills decided by
France's highest administrative body.

DUBAI, Oct 3 (Reuters) - Iran's President Hassan Rouhani
told his Venezuelan counterpart Nicolás Maduro in a phone call
that it was essential for oil producing countries to take a
decision to raise the price of oil and stabilise the market,
Iranian state news agency IRNA said.

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