Energy Update

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LONDON, Feb 12 (Reuters) - UK shares rose on Friday as bank stocks and shares in commodities-related companies recovered following a slump in the previous session, while Rolls-Royce also jumped after a well-received update.

* Firm hit by low oil prices, legal claims, debt worries (Adds rights issue results, broker comment, shares)

(Fri, 12 Feb 2016) EIA's <em>Petroleum Supply Monthly</em>, published on January 30, includes crude oil production estimates for Oklahoma based on EIA monthly survey data. The new estimates are roughly 100,000 barrels per day more than those generated by the previous EIA methodology, which was informed by state-reported data.

* But analysts say output agreement remains unlikely (Adds unwinding of hedges, bullet points, updates prices)

BRASILIA, Feb 11 (Reuters) - Iran and Brazil are in talks about a possible Iranian investment in troubled refinery projects controlled by Brazilian state-led oil company Petroleo Brasileiro SA, a Brazilian government source told Reuters on Thursday.

SINGAPORE, Feb 12 (Reuters) - U.S. crude prices bounced away from 12-year lows early on Friday after comments by an OPEC energy minister sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely and that oversupply would persist.

RIO DE JANEIRO, Feb 11 (Reuters) - A judge in Brazil's state of Minas Gerais has frozen 470 million reais ($118 million) of assets owned by Vale SA and 1.8 million reais linked to BHP Billiton Ltd to ensure payment of damages related to a deadly dam rupture, Rio de Janeiro's O Globo newspaper said on Thursday.

Scientists at the Energy Department's National Renewable Energy Laboratory (NREL) have developed a new biorefinery process whcih has been proven to be significantly more effective at producing ethanol from algae than previous research.

ENVIA Energy's EPC contractor, Ventech Engineers, has signed the final major contract, covering installation of process modules, related piping and ancillary equipment, for ENVIA's Oklahoma City GTL plant to be located adjacent to Waste Management's East Oak landfill site.

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