Energy Update

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RIO DE JANEIRO, Oct 23 (Reuters) - A final report approved by a Brazilian congressional panel investigating corruption at state-run oil company Petrobras has blamed suppliers and rogue employees for the graft, rather than politicians or the company.

Oct 23 (Reuters) - U.S. energy firms reduced oil rigs for an eighth week in a row this week but slowed the rate of those cuts to just one rig, data showed on Friday, a sign some drillers may soon return to the well pad with hopes of rising crude prices in the future.

BRASILIA, Oct 23 (Reuters) - Brazil has started to watch its multinational companies for corrupt practices they might commit in other countries in the wake of a massive bribery scandal at home, the nation's top anti-corruption official told Reuters.

WASHINGTON, Oct 23 (Reuters) - The Obama administration said it is confident that its proposal to curb carbon dioxide emissions from power plants is on solid legal ground despite a challenge filed by 24 U.S. states earlier on Friday.

* Oil rises first on China rate cut, then succumbs to dollar rally

Oct 23 (Reuters) - U.S. energy firms cut oil rigs for an eighth week in a row this week, the longest losing streak since June, data showed on Friday, a sign low prices continued to keep drillers away from the well pad.

PARIS, Oct 23 (Reuters) - EDF may need partners to finance the future replacement of its nuclear fleet in France, the chief executive of the state-controlled utility said on Friday.

* No plans for major acquisitions (Adds comments about energy services, hydropower)

The battle over renewable energy heated up in the courts this week as a coalition of states moved to file their complaint against the U.S. Environmental Protection Agency’s Clean Power Plan and solar advocates challenged Hawaii regulators’ decision to end the current net metering program in the state.

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