Energy Update
March 22 (Reuters) - A Venezuelan businessman accused by U.S. prosecutors of taking part in a $1 billion conspiracy to pay bribes to obtain contracts from Venezuela's state oil company pleaded guilty on Tuesday.
SYDNEY, March 23 (Reuters) - Australian Prime Minister Malcolm Turnbull on Wednesday said the country would establish a A$1 billion ($761.60 million) clean-energy innovation fund, in a major departure from his predecessor's much maligned approach to combating climate change.
Eagle LNG is hoped to be part of the solution to the Balkan region's dreadful record of gas interconnection and offer a cheaper, more flexible alternative to competing projects.
BRASILIA, March 22 (Reuters) - President Dilma Rousseff said on Tuesday she will not resign in Brazil's worst political crisis in two decades, calling an opposition move to impeach her a "coup d'etat" against democratic rule because she had committed no crime.
BEIJING, March 22 (Reuters) - Philippines fishermen threw fire bombs at Chinese law enforcement vessels in the South China Sea, China's Foreign Ministry said on Tuesday, after Philippines media reported that fishermen had been struck by bottles hurled from China's coast guard ships.
March 22 (Reuters) - Brazil's state-controlled oil company Petrobras is being forced to turn itself into a smaller operation as crude prices have fallen more than expected, making it impossible to finance its once-ambitious plans, the company's chief financial officer said on Tuesday.
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