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UPDATE 1-EU not seen increasing emissions targets despite Paris deal -draft

* EU sources say Commission will participate in 2018 dialogue

Hartek Power Connects 28 MW of Solar Projects to Grid in Punjab

Chandigarh, India-based EPC provider Hartek Power said on Feb. 26 that it has commissioned new substations required to connect 28 MW of solar power to the grid in Punjab, India.

UPDATE 1-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 to help it cope with a financial squeeze caused by a prolonged decline in oil prices, which it expects to worsen in the near term.

China, India oil buying underpins W. Africa's March flows east

* Exports to China hold close to February level * Indian buying bounces back from 13-month low By Libby George LONDON, Feb 29 (Reuters) - West African crude oil flows east are expected to stay strong in March as Chinese term buying remains elevated and several additional cargoes were booked for India, according to Reuters vessel tracking and a survey of traders. Sixty-two cargoes have been booked so far to load West African crude for buyers in Asia, including 33 for China.

UPDATE 1-Berkshire's Abel sees 2015 pay surge 48 pct to $40.77 mln

Feb 29 (Reuters) - The energy unit of Warren Buffett's Berkshire Hathaway Inc on Monday said Gregory Abel, its chairman and chief executive, saw his compensation jump 48 percent last year to $40.77 million, reflecting a large incentive award.

OPEC oil output slips from record on Iraqi disruption - survey

LONDON, Feb 29 (Reuters) - OPEC oil output has fallen in February from the highest monthly level in recent history, a Reuters survey found on Monday, due to a halt in Iraq's northern exports and outages in other producers.

Sumitomo to Acquire Up to 20 Percent Stake in Cosan's Biomass Unit

Sumitomo Corp. will acquire as much as 20 percent of Cosan Biomassa SA, a subsidiary of the world’s largest sugar company Cosan SA Industria e Comercio, Sumitomo said in a statement Friday.

Brazil justice minister to resign - presidency source

BRASILIA, Feb 29 (Reuters) - Brazil's Justice Minister Jose Eduardo Cardoso plans to resign by Tuesday, a presidency source told Reuters on Monday.

Brazil State Shelves Auction for 200 MW of Solar Power

The Brazilian state of Minas Gerais has put a planned auction for solar power on hold indefinitely because the region lacks enough transmission lines.

UPDATE 1-Standard & Poor's affirms BHP Billiton's credit rating

Feb 29 (Reuters) - Standard & Poor's affirmed its "A" rating on global miner BHP Billiton's debt, citing a change in the company's dividend policy.

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