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UPDATE 2-Mexico's Pemex defers projects amid oil rout, downbeat on prices

MEXICO CITY, Feb 29 (Reuters) - Mexican state-run oil company Pemex said on Monday it would put billions of dollars worth of projects on hold, citing a financial squeeze caused by the prolonged rout in global oil prices, which it expects will intensify in the near term.

Minnesota's utilities commission approves cross-border hydroelectric power transmission line

The Minnesota Public Utilities Commission gave its unanimous approval for the proposed Great Northern Transmission Line last week, largely clearing the way for the 500 kV connector that will allow for the import of Canadian hydroelectric power into the United States.

Wind Power Will Soon Surpass Hydro as the Largest Source of Clean Energy in the US

Hydropower has always been the largest renewable energy in terms of overall percentage of installed capacity but by 2018, it may no long hold that title.

UPDATE 1-Canadian province Saskatchewan sees wider deficit as oil prices fall

Feb 29 (Reuters) - The resource-rich Canadian province of Saskatchewan said on Monday that its projected budget deficit would be larger than previously estimated, boosted by a drop in oil prices that trimmed government revenues.

U.S. oil demand rises in December for 1st time since August

NEW YORK, Feb 29 (Reuters) - U.S.

UPDATE 1-U.S. oil output drops in December, shale states show fall -EIA

NEW YORK, Feb 29 (Reuters) - U.S. crude oil production fell for a third month in December due to declines in the biggest shale-producing states, suggesting the 19-month price rout has finally taken a toll on output, although the fall was offset by a rise offshore.

Canadian province Saskatchewan hikes deficit view as oil prices fall

Feb 29 (Reuters) - The resource-rich Canadian province of Saskatchewan said on Monday that its projected deficit would be larger than previously estimated, inflated by a drop in oil prices that hit government revenues.

Pemex sees production drop of 100,000 bpd with budget cuts

MEXICO CITY, Feb 29 (Reuters) - Production at Mexican state oil company Pemex is likely to fall by around 100,000 barrels per day (bpd) due to a current round of budget cuts at the firm, chief executive officer Jose Antonio Gonzalez Anaya said on Monday.<

UPDATE 11-Oil up on Saudi support, China; poll shows less OPEC output

NEW YORK, Feb 29 (Reuters) - Oil prices jumped 3 percent on Monday after China moved to boost its slowing economy and Saudi Arabia pledged to work with other crude producers to limit market volatility, developments that fed hopes the oil selloff would end.

UPDATE 1-Brazil justice minister to quit as Lula probe tension grows -sources

BRASILIA, Feb 29 (Reuters) - Brazil's Justice Minister, Jose Eduardo Cardozo, plans to resign by Tuesday, fed up with rising attacks from his Workers' Party over a wide-reaching police probe into corruption that has ensnared a number of party officials, two presidential sources told Reuters on Monday.

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