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UPDATE 1-U.S. Congress close to extension on train safety deadline -aides

WASHINGTON, Oct 16 (Reuters) - The U.S. House and Senate are "very close" to reaching bipartisan agreement to extend the Dec. 31 federal deadline for passenger and freight railroads to implement new safety technology for avoiding major accidents, an aide said on Friday.

U.S. cancels Arctic offshore lease sale after Shell drops interest

WASHINGTON, Oct 16 (Reuters) - The U.S.

E.C. approves transfer of funding from Kyle Rhea tidal turbine array to Atlantis' 398-MW MeyGen

The European Commission's Climate Change Committee has approved a transfer of US$19.3 million in funding for tidal energy developer Atlantis Resources from the Kyle Rhea project to its 398-MW MeyGen project.

WRAPUP 1-Flagging oil sector keeps pressure on industrial manufacturers

Oct 16 (Reuters) - The flagging oil sector and volatile emerging economies are keeping pressure on U.S. industrial manufacturers such as General Electric Co and Honeywell International, which are cutting costs or squeezing supply chains to help churn out stronger profits.

CORRECTED-Latvia and Lithuania to work on developing a gas market

RIGA, Oct 16 (Reuters) - Latvia and Lithuania have agreed to work on developing a gas market, committing to provide participants with access to infrastructure, a memorandum signed on Friday showed.

Brazil president, speaker forge uneasy truce in political crisis

BRASILIA, Oct 16 (Reuters) - Until last week they were political enemies.

UPDATE 3-Honeywell revenue misses on weak demand from oil, gas customers

* Shares fall as much as 3.2 pct (Adds CFO and analyst comments)

U.S. EPA launches probe into benefits of biofuels program

CHICAGO, Oct 16 (Reuters) - The U.S.

UPDATE 1-U.S. oil drillers cut rigs for 7th week -Baker Hughes

Oct 16 (Reuters) - U.S. energy companies cut oil rigs this week for a seventh week in a row, the longest streak of reductions since June, data showed on Friday, a sign low prices continued to keep drillers away from the well pad.

Asia’s emerging green bond market could affect hydroelectric project investment

Japan, the third-largest global bond player, is now becoming involved in using green bonds to have an affect on renewable energy that will likely include hydroelectric projects.  

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