UPDATE 1-DONG Energy faces tough year as offshore wind returns drop

COPENHAGEN, Feb 2 (Reuters) - DONG Energy, the

world's biggest offshore wind farm developer, on Thursday

reported its first full-year net profit since 2011, but will

face tough competition for projects in Europe and the United

States from new players that are pushing down margins.

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UPDATE 2-ConocoPhillips loss smaller than expected on higher oil price

Feb 2 (Reuters) - ConocoPhillips, the largest U.S.

independent oil producer, reported a smaller-than-expected

quarterly loss on Thursday, helped by higher crude prices and

lower costs.

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Brazil top court picks newest member to head corruption probes

BRASILIA, Feb 2 (Reuters) - The Supreme Court picked its

newest member on Thursday to take over the investigation of

politicians implicated in Brazil's biggest graft scandal, which

is expected to shake the country's establishment and its

government.

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Saudi Aramco examines Berri oilfield oil, gas expansion -sources

KHOBAR, Saudi Arabia, Feb 2 (Reuters) - State oil giant

Saudi Aramco is considering expanding its oil and gas production

from the Berri offshore oilfield, industry sources told Reuters.

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Crackdown on bush refineries unsettles Nigeria's oil heartland

OGONILAND, Nigeria, Feb 2 (Reuters) - Listening for the

engines of navy boats hunting illegal refineries in the swamps

of Nigeria's Niger Delta, workers heat up crude oil in a tank

next to a waterway.

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UPDATE 3-Shell nears another $5 bln in sales to ease debt load

* Renewable energy spending capped at below $1 bln

(Recasts, adds details, CFO, CEO, investor quotes, updates

shares)

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ConocoPhillips reports smaller quarterly loss

Feb 2 (Reuters) - ConocoPhillips, the largest U.S.

independent oil producer, posted a much smaller quarterly loss

from a year earlier, when it recorded a $2.7 billion charge.

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