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UPDATE 6-Crude oil futures up headed to first monthly rise since June

* Brent, U.S. crude on pace to post first monthly gains since June

Mexico approves 5 shallow water areas in Round One oil tender

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

US biofuels: A tale of two conferences

US ethanol and biodiesel couldn’t be further apart when it comes to their perspectives for the immediate future.

UPDATE 1-Mexico's Pemex posts 9th straight quarterly loss amid oil, peso slump

MEXICO CITY, Feb 27 (Reuters) - Mexico's state-owned oil company Pemex on Friday reported its ninth consecutive quarterly loss, hurt by a slump in the price of oil and a slide in the Mexican peso against the dollar.

COLUMN-Canadian crude proves perfect partner to U.S. shale: Kemp

LONDON, Feb 27 (Reuters) - U.S.

UPDATE 2-Deaths shake Ukraine truce; Poroshenko wary of Russian threat

* President says he "fears threat from the east" (Adds comments from Lavrov and OSCE)

CORRECTED-UPDATE 5-Brent rises above $61, set for first monthly gain since June

LONDON, Feb 27 (Reuters) - Crude oil futures rebounded on Friday and Brent headed for its first monthly gain since June, helped by strong investor inflows, an improving demand outlook and supply outages.

UK Low-Carbon Contract Winners Revealed: Wind Scores, Solar Disappoints

The first round of the Contracts for Difference (CfD) programme — the UK scheme that is designed to support low-carbon generation and a capacity margin in the energy sector — has concluded. Contracts were offered to 27 renewable electricity projects with a total value of some £315 million (US$500 million), which include two offshore wind farms with a total planned capacity of more than 1.1 GW, 15 onshore wind projects and five solar projects.

UPDATE 3-Jailing of Zambian ex-minister prompts calls for action on graft

* Rights group says unclear if this is corruption crackdown (Mwale to appeal conviction)

Iberdrola Agrees to Buy UIL for $3 Billion to Expand US Renewable Business

Iberdrola SA, Spain’s largest electricity company, agreed to buy UIL Holdings Corp. in a deal valued at about $3 billion in cash and shares to create a U.S. utility with about 3.1 million customers.

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