Energy Update

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BEIRUT and GENEVA, Sept 24 (Reuters) - Warring sides in Syria have reached an agreement under UN supervision over the fate of two villages in the northwest and a town near the Lebanese border, sources familiar with the talks said on Thursday, as a ceasefire in the areas held.

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. 

* Russian oil companies fear output cuts, debt covenants breaches

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.

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.

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.

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.

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

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.

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