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UPDATE 1-Cenovus evacuates all workers from Narrows Lake oil sands project

CALGARY, Alberta, May 26 (Reuters) - Cenovus Energy Inc evacuated all 90 workers from its Narrows Lake oil sands project in northeastern Alberta on Tuesday as a precaution against wildfires, the company said.

End of iron ore's bull run means smaller companies likely to see red

The end of iron ore's bull run, in part due to slowing Chinese demand, has drastically cut prices, and smaller companies and mine service companies are bearing the brunt of the changes.

UPDATE 1-Crescent Point to acquire Legacy for shares, debt worth C$1.53 bln

CALGARY, Alberta, May 26 (Reuters) - Crescent Point Energy Inc, Canada's No.4 independent oil and gas producer, said on Tuesday it has agreed to acquire Legacy Oil + Gas Inc for shares and debt worth C$1.53 billion ($1.23 billion), adding oil production in its core regions in Western Canada and North Dakota.

Crescent Point to acquire Legacy for shares, debt worth C$1.53 bln

CALGARY, Alberta, May 26 (Reuters) - Crescent Point Energy Inc, Canada's No.4 independent oil and gas producer, said on Tuesday it has agreed to acquire Legacy Oil + Gas Inc for shares and debt worth C$1.53 billion ($1.23 billion), adding oil production in its core regions in Western Canada and North Dakota.

Former Petrobras executive sentenced to five years jail

SAO PAULO, May 26 (Reuters) - A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe.

UPDATE 1-Over 100,000 still without power in U.S. Gulf Coast after storms

(Adds latest outage figures) May 26 (Reuters) - Over 100,000 homes and businesses were still without power Tuesday afternoon after severe storms battered the U.S. Gulf Coast on Monday and Tuesday, according to local utilities. That is down from about 170,000 customers without service on Tuesday morning. The storms moved from west to east, hitting Texas first before moving on to Louisiana and Mississippi.

UPDATE 1-MEG latest to shut oil sands project on Alberta fire threat

CALGARY, Alberta, May 26 (Reuters) - MEG Energy Inc said on Tuesday it was suspending operations at its 80,000 barrel per day Christina Lake oil sands project and evacuated non-essential staff as wildfires rage through northeastern Alberta.

Second sea lion rescued from California oil spill dies at SeaWorld

LOS ANGELES, May 26 (Reuters) - A second sea lion rescued from along California's oil-fouled coastline near Santa Barbara has died at SeaWorld San Diego, where veterinarians are still caring for 15 surviving marine mammals brought in for treatment, a spokesman said on Tuesday.

Texas oil patches brace for more rains, possible floods

HOUSTON, May 26 (Reuters) - Texas oilfields could see strong rains and thunderstorms later this week, though they were spared the heaviest flooding that struck central and eastern Texas over the Memorial Day weekend, the National Weather Service said on Tuesday.

World has no choice but to decarbonise - UN climate chief

BARCELONA, May 26 (Thomson Reuters Foundation) - Responding to climate change in the next 15 years is the world's "mega development project", given the need to invest trillions of dollars in infrastructure, creating jobs and economic stability, the United Nations' top climate change official said on Tuesday.

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