Energy Update

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LONDON, Dec 1 (Reuters) - As ministers from the Organization of the Petroleum Exporting Countries head to Vienna, hedge funds have almost never been more bearish about the outlook for oil prices.

WASHINGTON, Dec 1 (Reuters) - More than 40 percent of Islamic State's oil revenue has been affected by U.S.-led strikes over the past month, the top U.S.

Austin, Texas-based Thermal Energy Partners recently signed a PPA worth about $800 million for the first of four planned geothermal projects in the Caribbean.

Dec 1 (Reuters) - A federal judge ordered Anadarko Petroleum Corp to pay a $159.5 million civil fine reflecting its stake in the Gulf of Mexico well whose 2010 blowout caused the largest U.S. offshore oil spill.

PARIS, Dec 1 (Reuters) - France plans to spend billions of euros in renewable energy and other environmental projects in its former west African colonies and across Africa over the next five years, President Francois Hollande said on Tuesday.

LONDON/OSLO, Dec 1 (Reuters) - Norwegian companies that provide supply ships and drilling rigs to the global oil industry face a bleak year ahead as contracts disappear and financing options dwindle in the face of weak global crude prices.

VIENNA, Dec 1 (Reuters) - OPEC is heading for a tough meeting this week, delegates and officials said on Tuesday, as country members pump record volumes amid an uncertain demand outlook and as the prospects of a U.S. interest rate hike could push oil prices even lower.

LONDON, Dec 1 (Reuters) - The global push to combat climate change has brightened the investment outlook for low-emissions industries, but some hedge funds are ramping up negative bets on solar energy and electric car firms they see as vulnerable to competition from cheaper oil.

WASHINGTON, Dec 1 (Reuters) - President Barack Obama said on Tuesday the best way to drive innovation and reduce carbon emissions is "to put a price on it" but he does not expect that from the current Republican-dominated U.S. Congress.

Southern Illinois University (SIU) Carbondale recently received a $50,000 GeoAlliance grant to help fund the installation of a highly energy efficient and environmentally friendly geothermal heat pump heating and cooling system for a portion of the Transportation Education Center.

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