Energy Update

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BEIJING, March 12 (Reuters) - China's January-February natural gas output rose 5.7 percent compared with the same period a year earlier to 25.1 billion cubic metres (bcm), data from the National Bureau of Statistics showed on Saturday.

BRASILIA, March 11 (Reuters) - Graft money skimmed from overpriced contracts to build the Belo Monte hydroelectric dam in the Amazon funded President Dilma Rousseff's 2010 and 2014 election campaigns, a ruling Workers' Party senator has testified according to newsweekly IstoE.

LIMA, March 11 (Reuters) - Brazilian engineering group Odebrecht handed management of its $5 billion natural gas pipeline project in Peru to its junior partners to protect the project from any impact of a massive corruption inquiry in Brazil, the company said Friday.

* CEO says risks surmountable, sees investment decision soon (Adds details from CEO letter)

ACAPULCO, Mexico, March 11 (Reuters) - BlackRock Inc Chief Executive Officer Larry Fink said on Friday that China may be the biggest hurdle to global financial markets and that central bankers are adding to risks with negative-interest rate policies.

BRASILIA, March 11 (Reuters) - Brazil's President Dilma Rousseff rejected calls for her resignation on Friday amidst a political storm deepened by a massive corruption scandal and blamed her opponents for causing a crisis that has hurt the Brazilian economy.

RIO DE JANEIRO, March 11 (Reuters) - Criminal charges and a request by prosecutors to jail Luiz Inácio Lula da Silva are putting the former Brazilian president and leftist icon back in a role he has long relished: that of the martyr.

Tidal energy partners Nova Innovation and Belgian energy company ELSA have announced that the first power generated by their Nova M100 turbine is now being delivered to the Shetland grid.

(Recasts with oil and gas rigs falling to record lows based on Baker Hughes data) March 11 (Reuters) - The number of rigs drilling for oil and natural gas in the United States has fallen to the lowest level since at least 1940, oil services company Baker Hughes Inc said on Friday, as energy firms continued to slash activity amid the deepest energy price rout in a generation. Combined rigs in the U.S.

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