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The Crown Estate launches small-scale MHK leasing program

The Crown Estate, one of the largest property owners in the United Kingdom, has launched a program of offshore leasing for small-scale marine hydrokinetic (MHK) testing and demonstration projects less than 3 MW. 

UPDATE 2-Russian deputy PM opposes oil tax plan

* Russian oil companies fear output cuts, debt covenants breaches

UPDATE 1-Brazil 5-yr CDS jump to 7-yr high, dollar bonds tumble 2-3 cents

LONDON, Sept 24 (Reuters) - Brazilian debt insurance costs jumped to their highest in almost seven years on Thursday and sovereign dollar bonds fell 2-3 cents across the curve on fears of a deepening political and financial crisis.

COLUMN-OPEC is winning battle to stimulate gasoline demand: Kemp

LONDON, Sept 24 (Reuters) - OPEC's bid to curb production of high-cost oil is taking time to produce results but the organisation is already making good progress on its other objective of stimulating fuel demand.

UPDATE 2-Caterpillar slashes revenue forecast, may cut up to 10,000 jobs

Sept 24 (Reuters) - Caterpillar Inc slashed its revenue forecast for 2015 by $1 billion and said it could cut up to 10,000 jobs through 2018, amid a downturn in the mining and energy industries.

UPDATE 1-France's Fessenheim nuclear plant won't close by 2016 -Hollande

PARIS, Sept 24 (Reuters) - France's oldest nuclear plant at Fessenheim will not close by 2016, President Francois Hollande was quoted saying on Thursday, going back on a campaign promise, but he added the government will launch "irreversible" procedures for shutting the plant.

A Case Study in Energy-Transition Momentum

South Australia is clearly at the forefront of the global energy transition as it establishes a fast-moving model other economies can follow.

UPDATE 1-GE to get up to $12 bln in export financing from Britain

Sept 24 (Reuters) - General Electric Co said on Thursday it reached an agreement with Britain's export credit agency to access export financing of up to $12 billion, as the U.S. conglomerate continues to spotlight the expiration of the U.S.

Multinational Bank Financing of Geothermal Exploration Up 11 Percent from 2012

Financing of geothermal energy exploration by multinational banks has increased 11 percent, up from 6 percent in 2012 to 17 percent in 2015, Pierre Audinet, senior energy economist for World Bank’s Energy Sector Management Assistance Program (ESMAP), said on Sept. 21.

Caterpillar may cut up to 10,000 jobs through 2018

Sept 24 (Reuters) - Caterpillar Inc said it could cut up to 10,000 jobs through 2018 as part of its restructuring and cost reduction plans to save up to $1.5 billion annually.

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