Energy Update

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Dec 3 (Reuters) - U.S. heating oil futures for the front-month climbed over 6 percent on Thursday as speculators exited bearish bets, traders said.

* British jets bomb oil fields in Syria after vote in parliament

LONDON, Dec 3 (Reuters) - Oil producers may be struggling as a result of low prices but the oil storage business has never been in better shape.

The U.S. Energy Information Administration's recent decision to provide monthly estimates of small-scale distributed solar PV electricity generation and capacity by state and sector is an important step for the solar industry, Justin Baca, senior director of research, Solar Energy Industries Association, said on Dec. 2.

WASHINGTON, Dec 3 (Reuters) - The U.S. House of Representatives passed a wide-ranging bill on energy reforms on Thursday that includes a measure to repeal the 40-year-old oil export ban, but the legislation did not get enough votes to overturn a potential veto by President Barack Obama.

TORONTO, Dec 3 (Reuters) - The Canadian province of Ontario extended its commitment to nuclear energy on Thursday, announcing a supply deal with Bruce Power under which the private nuclear generator will spend C$13 billion ($9.7 billion) to refurbish six reactors.

TORONTO, Dec 3 (Reuters) - De Beers Canada said on Thursday that it may consider closing its Snap Lake diamond mine in the Northwest Territories, alongside other options, as it grapples with falling prices and costly operations at the unprofitable Arctic mine.

SOFIA, Dec 3 (Reuters) - Britain wants to be part of a reformed European Union and the bloc needs stronger cooperation between its members to fight terrorism, Prime Minister David Cameron said on Thursday.

PG&E Corp. is proposing to sign its first contracts with five companies including NextEra Energy Inc. and Hecate Energy to develop energy storage in California.

RIYADH, Dec 3 (Reuters) - Saudi Arabia's effort to unite Syrian rebels in Riyadh next week will be a big test of its regional ambitions after years of bickering between opposition groups and serious misgivings about the initiative among major powers with a stake in the war.

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