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UPDATE 1-Singapore's Keppel says may face Brazil corruption probe

SINGAPORE, Oct 23 (Reuters) - Singapore oil rig builder Keppel Corporation Ltd said it may face an investigation into deals with Brazilian state-run oil company Petrobras and rig builder Sete Brasil.

UPDATE 1-Australia flags concerns on $35 bln Halliburton bid for Baker Hughes

MELBOURNE, Oct 23 (Reuters) - Australia's antitrust regulator raised concerns on Friday about Halliburton Co's proposed $35 billion buyout of rival Baker Hughes Inc , in another setback for a deal that has already hit competition snarls in the United States.

SK Innovation shares up more than 7 percent after Q3 earnings

SEOUL, Oct 23 (Reuters) - Shares in South Korea's SK Innovation Co Ltd rose more than 7 percent on Friday after it announced its consolidated third-quarter operating profit rose 644 percent from the same period last year.

Singapore's Keppel says Brazil inquiry recommends deeper probe into Petrobras deals

SINGAPORE, Oct 23 (Reuters) - Singapore rig builder Keppel Corp. Ltd said on Friday a Brazilian parliamentary inquiry recommended deepening of investigations into 10 companies, including a Keppel unit, involved in deals with state-run oil company Petrobras and Sete Brasil.

Army surrounds home of Congo Republic opposition leader

DAKAR, Oct 22 (Reuters) - A Congo Republic opposition leader said late on Thursday that forces from leader Denis Sassou Nguesso's presidential guard were surrounding his house, detaining him and three allies opposed to a vote on extending term limits.

UPDATE 1-Drillsearch agrees to A$384 mln bid from Beach Energy

* Cooper Basin rival Santos looking to sell assets (Adds details)

Takeover target Santos pares capital spending, trims output forecast

MELBOURNE, Oct 22 (Reuters) - Australian oil and gas producer Santos Ltd, looking to beef up its balance sheet after knocking back a $5 billion takeover offer this week, flagged on Friday it would cut capital spending by a further 10 percent this year.

Australia flags concerns on $35 bln Halliburton bid for Baker Hughes

MELBOURNE, Oct 23 (Reuters) - Australia's competition watchdog on Friday raised concerns about Halliburton Co's proposed $35 billion takeover of rival Baker Hughes Inc , saying it was likely to hurt competition in a number of oilfield goods and services markets.

UPDATE 2-Brazil gives SBM ultimatum in $250 mln bribery settlement

BRASILIA, Oct 22 (Reuters) - Brazil has told Dutch SBM Offshore NV, the world's top oil production ship leaser, to agree soon to a $250 million bribery settlement if it wants to regain its biggest client in the world's largest oilship market, a government source told Reuters.

OPEC nations plan to join UN climate drive

BONN, Germany Oct 22 (Reuters) - OPEC members Iran and Saudi Arabia, the top greenhouse gas emitters yet to submit national strategies for tackling climate change, say they will do so before a U.N. summit in December in a sign of widening participation even by oil producers.

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