Energy Update

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Apple and Google have changed our lives forever, both because of their technological innovations and sheer size as global corporations. Now, they’re aiming to reshape the energy landscape.

Technologies to harness wave and tidal power have been under development for over 40 years, but up until quite recently the center of technology development has been in Europe, where the resource intensity is greater than the United States’ coasts. However, in an effort to nurture the country’s sector, the U.S.

* Energy Union strategy meant to decrease need for Russian fuel

NOVO-OGARYOVO, Russia, Feb 25 (Reuters) - President Vladimir Putin said on Wednesday Russia would cut off natural gas supplies to Ukraine if Kiev failed to pay, which "will create a problem" for gas transit to Europe.

SAO PAULO, Feb 25 (Reuters) - Petróleo Brasileiro SA's decision to cut capital spending plans by $16 billion this year could hamper Brazilian banks with loan exposure to the oil and gas industry, especially state-controlled Banco do Brasil SA, analysts at Goldman Sachs Group Inc said on Wednesday.

LONDON, Feb 25 (Reuters) - "Because this act of Congress conflicts with established executive branch procedures and cuts short thorough consideration of issues that could bear on our national interest - including our security, safety and environment - it has earned my veto."

COPENHAGEN, Feb 25 (Reuters) - Danish shipping and oil group A.P.

* Russia says Europe should not be affected (Adds Miller letter)

MOSCOW, Feb 25 (Reuters) - The CEO of Russian gas company Gazprom said on Wednesday Russia would stop exporting natural gas to Ukraine unless it received prepayment from Kiev for energy supplies, Interfax reported.

Feb 25 (Reuters) - Encana Corp , Canada's largest natural gas producer, slashed its capital budget by a quarter for the year due to a slump in global crude oil prices.

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