Energy Update

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MEXICO CITY, Sept 14 (Reuters) - Mexico's finance ministry on Monday announced the minimum fiscal terms companies will be required to meet to win development rights in an upcoming oil auction, as the country seeks to lure investment despite slumping crude prices.

WASHINGTON, Sept 14 (Reuters) - China appears to be building a third airstrip in contested territory in the South China Sea, a U.S. expert said on Monday, citing satellite photographs taken last week.

MEXICO CITY, Sept 14 (Reuters) - Mexico's finance ministry announced on Monday the minimum fiscal terms companies will be required to meet in order to win development rights in an upcoming oil auction, as the country seeks to lure investment despite slumping crude prices.

DUBAI, Sept 14 (Reuters) - Iraq has told foreign companies developing the country's southern oilfields that they may need to slash development spending next year because it has less money to pay them due to a slump in crude prices.

When I was sports editor for the college newspaper, I wrote a column that was, I'm sure now a decade removed, far less clever than I thought it was at the time. But since I am 1) pressed for time and 2) devoid of original thought at the moment, I present to you, dear reader, a special reprisal of the Michael Harris Daily Weekly Monthly Occasional Grab Bag of Sports Hydropower Stuff.

WILLISTON, N.D., Sept 14 (Reuters) - North Dakota's oil regulators said on Monday they may allow more wells to be temporarily abandoned, a step that would permit producers to delay fracking beyond the typical one-year window and prevent even more crude from flooding onto global markets.

JOHANNESBURG, Sept 14 (Reuters) - South Africa's Eskom said on Monday there would be rolling blackouts from 1900-2200 local time (1700-2000 GMT) due to a loss of generation capacity, the first time the utility has imposed power cuts since Aug. 8.

LONDON, Sept 14 (Reuters) - The pipeline that carries oil products such as diesel, jet fuel and gasoline between the Amsterdam-Rotterdam-Antwerp refining hub and Germany has maintenance operations planned for September, traders said on Monday.

Michigan State University (MSU) researchers recently won a $5 million U.S. Department of Energy grant to study how biofuel crops acquire nitrogen.

MOSCOW, Sept 14 (Reuters) - Lukoil, Russia's No.2 oil producer, may sell its treasury shares to raise money or distribute them among shareholders, Chief Executive Vagit Alekperov was quoted as saying on Monday.

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