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UPDATE 3-Brazil levies initial fines of $66 mln against mine for burst dams

MARIANA, Brazil, Nov 12 (Reuters) - Brazil's president slapped preliminary fines of 250 million reais ($66.2 million) against a mine in the country's southeast where two dams burst, killing nine people and coating a two-state area with mud and mine waste.

What arrests? Some Venezuelans in the dark about drugs scandal

CARACAS, Nov 12 (Reuters) - The arrest of two of Venezuelan President Nicolas Maduro's relatives to face charges of cocaine smuggling was an international embarrassment for him and his socialist government.

BHP Billiton shares fall as doubts grow over dividend policy

SYDNEY/MELBOURNE, Nov 13 (Reuters) - BHP Billiton shares struck a seven-year low on Friday, their weakest since the global financial crisis, on mounting concerns it may ditch a policy of paying ever higher dividends.

Canada's Alberta pledges to do more to price carbon and reduce emissions

CALGARY, Nov 12 (Reuters) - Canada's oil-rich western Canadian province of Alberta said its recent decision to double its price on carbon emissions was only a first step in its efforts to tackle climate change, Premier Rachel Notley said on Thursday.

Brazil oilworkers say Petrobras offer falls short, seek meeting

RIO DE JANEIRO, Nov 12 (Reuters) - Leaders of Brazil's main oilworkers' union said on Thursday that a contract offer from Petrobras falls short of their minimum demands and sought a meeting with the company's chief executive officer to discuss their demands.<

UPDATE 1-Petrobras moves to declare Sepia Leste offshore field commercial

RIO DE JANEIRO, Nov 12 (Reuters) - Brazil's Petrobras said it has asked the country's oil regulator ANP to declare Sepia Leste, part of the giant Jupiter area, commercially viable, allowing it to move to production.

Idemitsu Kosan agrees to merge with Showa Shell Sekiyu

Japan's petroleum company Idemitsu Kosan has signed a memorandum of understanding (MoU) to acquire smaller refiner Showa Shell Sekiyu in a bid to become the second-biggest refiner by capacity in the country.

MHPS to supply H-25 gas turbine to Korea Petrochemical

Korea Petrochemical (KPIC) has awarded a contract to Mitsubishi Hitachi Power Systems (MHPS) to supply a H-25 gas turbine and a generator.

UPDATE 2-Petrobras posts $1.01 bln 3rd-qtr loss on exchange rate, oil prices

* Currency helps total debt rise 44 percent (Adds company comment, financial information)

Concho Resources looking to buy Clayton Williams - Bloomberg

Nov 12 (Reuters) - Concho Resources Inc, one of the top energy explorers in the oil-soaked Permian Basin beneath Texas and New Mexico, is seeking to buy Clayton Williams Energy Inc, Bloomberg reported on Thursday.

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