Energy Update

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After years of false starts, U.S. offshore wind has attracted some marquee names with deep pockets, creating a sense of optimism for the emerging industry.

* Four nations agreed to freeze oil output at Jan levels in Doha

EU governments spend billions on aid to their power sectors, but how long will it last and can a new EU market design cut the cost?

For minigrid developers in India, there is significant uncertainty about projects’ investment, viability, and customers once the central grid arrives.

MILAN, March 2 (Reuters) - Italian oil contractor Saipem faces new challenges after raising 3.5 billion euro ($3.8 bln) to stay afloat, as rising competition in its lucrative pipe-laying business threatens margins and orders.

LONDON, March 2 (Reuters) - Britain will take a step closer this week to a planned privatisation of its Green Investment Bank, and could sell the whole business, sources familiar with the situation said.

NEW YORK, March 2 (Reuters) - Exxon Mobil Corp said on Wednesday it would continue to cut spending as long as crude prices remain low, but the world's largest publicly traded oil company added it may look at potential acquisitions in a bid to offset a dip in production.

BEIRUT, March 2 (Reuters) - Eighteen fighters were killed in a car bomb blast that hit a Syrian insurgent group in the southern province of Quneitra on Wednesday, a monitoring group reported, and a rebel source said the attack was likely carried out by hardline Islamists.

U.K. utility ScottishPower has determined that it would be possible to expand its 440 MW Cruachan pumped storage hydro project by up to 600 MW.

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