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Petrobras' powerful services chief Dutra takes leave of absence

RIO DE JANEIRO, Feb 27 (Reuters) - Brazil's embattled state-run oil company Petroleo Brasileiro SA, said on Friday that its director of the company's powerful corporate services division will take a 90-day leave of absence on health grounds.

CORRECTED-E&P oil firms using stock sales to de-lever

NEW YORK, Feb 26 (IFR) - Exploration and production companies are bracing for a sustained period of low commodity prices by deleveraging through stock sales - and well-funded firms are surprisingly leading the way.

China questions U.S. threat of UN sanctions on South Sudan

UNITED NATIONS, Feb 27 (Reuters) - China on Friday questioned the logic behind a U.S.

White House "hopeful" on coalition for Iran nuclear talks amid Netanyahu visit

WASHINGTON, Feb 27 (Reuters) - The White House said on Friday the United States is hopeful that it can hold together the coalition of countries working toward an agreement with Iran on its nuclear capabilities.

Hercules Offshore plunges as Deutsche Bank cuts target to $0

Feb 27 (Reuters) - Drilling contractor Hercules Offshore Inc's shares fell as much as 33 percent to a record low on Friday, a day after Deutsche Bank cut its price target on the company's stock to $0.

UPDATE 1-Mexico OKs 5 shallow water areas in Round One oil tender

MEXICO CITY, Feb 27 (Reuters) - Mexico has approved the auction terms for five shallow water areas containing around 355 million barrels of oil equivalent as part of its Round One tender opening up oil fields to foreign investors, the country's energy regulator said on Friday.

WRAPUP 3-U.S. economy slowed in Q4, but growth outlook still favorable

WASHINGTON, Feb 27 (Reuters) - U.S. economic growth braked more sharply than initially thought in the fourth quarter amid a moderate increase in business inventories and a wider trade deficit, but strong domestic demand brightened the outlook.

UPDATE 1-Standard Life fund arm still unhappy with governance at Sports Direct, Afren

* Concern over board independence at Afren (Adds detail on Sports Direct, Afren, Micro Focus stakes)

EXCLUSIVE-UPDATE 2-Areva to cut wage bill 15 pct as prospects worsen - union sources

* New management to announce new strategy, debt plan on March 4

UPDATE 1-RWE says close to concluding sale of oil arm to Russian tycoon

* Britain's DECC says studying details closely (Adds comment from UK's energy ministry)

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