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UPDATE 1-BTG Pactual stock extends decline as plea bargain implicates bank

SAO PAULO, March 15 (Reuters) - Stock in Grupo BTG Pactual SA, the Brazilian investment bank struggling with fallout from a sweeping corruption probe, fell on Tuesday as the country's top court validated a plea bargain from a senator who implicated the bank and its founder André Esteves.

RPT-India's Adani gets Queensland backing for Australian coal project

SYDNEY, March 15 (Reuters) - Parliament in the Australian state of Queensland agreed on Tuesday that India's Adani Enterprises Ltd should be granted "all state government approvals" to build one of the world's biggest coal mines, state mining minister Anthony Lynham said.

Senator's plea drags Brazil ethanol industry into graft scandal

SAO PAULO, March 15 (Reuters) - The testimony released on Tuesday of a prominent Brazilian senator is leading prosecutors in the widening corruption scandal beyond the graft-ridden oil and electric sector that have been their main focus and into the ethanol industry.

Brazil's power oversupply hurts distributors, consumers

SAO PAULO, March 15 (Reuters) - Brazil's high power prices and the country's worst recession in decades are causing an electricity oversupply that could cost power distributors and consumers around 3.3 billion reais ($878 million) this year, a consultant said on Tuesday.

UPDATE 1-UPS expands alternative fuels momentum with $100 mln CNG investment

March 15 (Reuters) - United Parcel Service Inc on Tuesday announced a $100 million plan to buy hundreds of new trucks that will run on compressed natural gas, saying it did not want to lose momentum on alternative fuels even though diesel prices have tanked.

Brazil minister denies he tried to interfere in Petrobras probe

Private equity emerges as lender of last resort for U.S. energy firms

NEW YORK, March 15 (Reuters) - U.S.

Energy market affected decision on Atlantic drilling -White House

WASHINGTON, March 15 (Reuters) - Energy market dynamics factored into the decision by the Obama administration to reverse course on a proposal to open the southeastern Atlantic coastal area to oil and gas drilling, the White House said on Tuesday.

European shares led lower by commodity stocks, gloomy BoJ view

* Galenica shares slump after results (Adds closing prices)

UPDATE 1-Lockheed CEO still likes Sikorsky despite slumping sales to energy sector

WASHINGTON, March 15 (Reuters) - Lockheed Martin Corp has "no regrets" about buying Sikorsky for $9 billion even though sliding oil prices have taken a bigger bite than expected from the company's commercial helicopter sales, Chief Executive Marillyn Hewson said Tuesday.

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