Energy Update

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Two new federal government reports underscore not only the continued rapid growth of renewable energy sources in the electric power sector but also the ongoing failure of government forecasts to accurately anticipate and predict that growth.

RIYADH/MANILA, March 7 (Reuters) - Foreign governments are pressing authorities and executives in Saudi Arabia to ensure that local construction firms make delayed salary payments to thousands of workers, a sign of pressure on the kingdom's economy due to low oil prices.

LONDON, March 7 (Reuters) - As oil firms slash billions of dollars of investment to survive the market crash, France's Total and Italy's Eni are making some of the smallest cuts, gambling in the hope of big-ticket discoveries that will reward them when prices recover.

As we begin to prepare for the annual Advanced Bioeconomy Feedstocks & Supply Chain event in Miami this June, you might find yourself asking whatever happened to some of the feedstock darlings like jatropha.

LONDON, March 7 (Reuters) - Oil prices are expected to rise gradually over the next five years but will remain well below the pre-crash level, according to a survey of professionals who follow the oil industry.

Sweden’s development agency will finance a 20 million-euro ($22-million) fund to develop clean energy in Zambia through 2018.

* Decision on 18 billion pound project has faced delay (Adds French and British government reactions)

LONDON, March 7 (Reuters) - The UK government supports plans by French energy company EDF to build a new nuclear power station in Britain, Prime Minister David Cameron's spokeswoman said on Monday after the company's finance director resigned.

* First day of trading planned for 18 March 2016 (Adds background on rationale of flotation, details)

BRASILIA, March 7 (Reuters) - A friend of Brazil's former President Luiz Inacio Lula da Silva arrested in November for allegedly taking out a fraudulent loan to the Workers' Party is negotiating a plea bargain deal with prosecutors, newspaper Valor Economico reported on Monday.

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