Energy Update

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SYDNEY, March 3 (Reuters) - Rags-to-riches coal mining baron Nathan Tinkler, who rode the mining boom to become Australia's youngest billionaire before losing it all when coal prices collapsed, has been declared legally bankrupt after failing to pay off a private jet.

* Private jets, horses, sports teams all gone (Adds quotes, details)

NEW YORK/HOUSTON, March 2 (Reuters) - Aubrey McClendon, an oil and gas entrepreneur whose outsized ambition and high tolerance for risk propelled him to become a leading figure in the American energy revolution, died in a single-car crash on Wednesday in Oklahoma City.

LAUNCESTON, Australia, March 3 (Reuters) - - Saudi Arabia's decision to raise oil prices to its main customers in Asia may just be another sign that crude markets are indeed on the road to recovery.

SINGAPORE, March 3 (Reuters) - Oil prices edged up on Thursday as sentiment spread that a 20-month long market rout may have come to an end as production slows amid strong demand.

SYDNEY, March 3 (Reuters) - Rags-to-riches coal mining baron Nathan Tinkler, who rode the mining boom to become Australia's youngest billionaire before losing it all when coal prices collapsed, has been declared legally bankrupt after failing to pay off a private jet.

SINGAPORE, March 3 (Reuters) - U.S. crude prices were steady early on Thursday supported by rising refining activity while swelling crude stocks weighed, but analysts said that a 20-month market rout had likely bottomed out.

Brazilian state-run oil company Petroleo Brasileiro (Petrobras) has reportedly received a $1.2bn offer from Argentina's Pampa Energia to sell its 67.2% stake sale in its Argentina subsidiary.

BRASILIA/RIO DE JANEIRO March 2 (Reuters) - Mining company Samarco and its owners, BHP Billiton and Vale SA , reached a deal with the Brazilian government on Wednesday to pay an estimated 20 billion reais ($5.1 billion) in damages over 15 years for a deadly dam spill in November.

March 2 (Reuters) - SunEdison Inc said on Wednesday it suspended payment of quarterly dividends on its preferred stock, two days after the embattled solar company delayed filing its annual report amid an internal investigation into its financial position.

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