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UPDATE 1-Morgan Stanley says majority of its E&P loans to junk-rated companies

Feb 23 (Reuters) - Morgan Stanley said the majority of its loans to oil and gas exploration and production companies are to non-investment grade firms.

China sends fighter jets to contested island in South China Sea -Fox News

WASHINGTON, Feb 23 (Reuters) - China has deployed fighter jets to a contested island in the South China Sea, the same island where China has deployed surface-to-air missiles, Fox News reported on Tuesday, citing two U.S. officials.

PDVSA says new Venezuela military company to provide services

CARACAS, Feb 23 (Reuters) - A recently-announced Venezuelan military company will provide services to state oil company PDVSA, especially in terms of security in the crime-ridden OPEC country, the company's president said on Tuesday.

UPDATE 1-First Solar's quarterly revenue beats estimates

Feb 23 (Reuters) - Solar panel maker First Solar Inc reported its third quarterly revenue beat in a row, sending its shares up 4.4 percent in after-hours trading.

COLUMN-Why Russia may be a smart business partner for Israel

Feb 23 (Reuters) - Israeli Prime Minister Golda Meir famously lamented that Moses "took us 40 years through the desert in order to bring us to the one spot in the Middle East that has no oil." That all changed, though, in 2009, when a massive offshore natural gas field named Tamar was discovered. The following year, an even larger field named Leviathan was also discovered in Israeli waters, and another large find was just announced in January.

UPDATE 1-Struggling coal companies must face their cleanup costs -U.S. official

UPDATE 4-Venezuela's PDVSA says in talks with banks over debt refinancing

CARACAS, Feb 23 (Reuters) - Venezuelan state oil company PDVSA is in talks with international banks over refinancing the company's debt, its president said on Tuesday, as the OPEC member country grapples with major bond payments amid an oil price rout.

Silver Run raises $450 mln in upsized IPO to buy energy companies -source

NEW YORK, Feb 23 (Reuters) - Silver Run Acquisition Corp , a U.S. investment vehicle, raised $450 million in an upsized initial public offering on Tuesday to buy energy companies, indicating investors believe bargains may be found amid the oil price rout.

UPDATE 1-Peru's president linked in court papers to Brazil bribery scheme

SAO PAULO/LIMA, Feb 23 (Reuters) - Brazilian police have uncovered evidence that Peruvian President Ollanta Humala may have received $3 million in bribes from engineering and construction conglomerate Odebrecht, according to federal court filings in Brazil.

CERAWEEK-Colombia's Ecopetrol to sell assets, cut staff amid low oil prices

HOUSTON, Feb 23 (Reuters) - Colombia's Ecopetrol is selling some non-oil related assets, expecting to collect $1.4 billion at the end of 2017, and cutting 10 percent of staff as part of a cost reduction plan due to low oil prices, the state-run oil firm's chief executive said on Tuesday.

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