Energy Update

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WASHINGTON, Dec 15 (Reuters) - U.S. President-elect Donald
Trump on Thursday formally announced that Montana Congressman
Ryan Zinke, a former Navy SEAL commander and a proponent of coal
development on federal lands, as his choice for secretary of the
interior.

KINSHASA, Dec 15 (Reuters) - Authorities in the Democratic
Republic of Congo have asked telecommunications companies to
block social media networks starting Sunday night in an apparent
bid to thwart anticipated protests against plans by President
Joseph Kabila to stay in power beyond the end of his mandate.

KHOBAR, Saudi Arabia, Dec 15 (Reuters) - U.S.-listed Rowan
Companies announced plans for its first rig from a new
joint venture in Saudi Arabia and Nabors Industries said
it is seeking to boost its manufacturing in the world's largest
oil exporter.

Dec 15 (Reuters) - The U.S. Pipeline and Hazardous Materials
Safety Administration (PHMSA) issued an interim final rule (IFR)
revising pipeline safety regulations to address safety issues
related to underground natural gas storage facilities.

BAKU, Dec 15 (Reuters) - The body of one Azeri oilfield
worker was found in the Caspian Sea on Thursday and rescuers
were searching for nine missing people after part of an oil ramp
collapsed in strong winds, a senior oil official said.

TRIPOLI, Dec 15 (Reuters) - A military faction has reopened
the valve on a pipeline leading to the major western Libyan oil
fields of Sharara and El Feel after two years of blockades, a
spokesman said on Thursday.

DUBAI, Dec 15 (Reuters) - Most major Middle Eastern stock
markets fell on Thursday after the U.S. central bank raised
interest rates but buying by local retail investors lifted Saudi
Arabia.

LONDON, Dec 15 (Reuters) - The U.S. Department of Energy has
become a lightning rod for criticism in parts of the Republican
Party and the fossil fuels industry unhappy about the Obama
administration's energy and climate policies.

JAKARTA, Dec 15 (Reuters) - Indonesia needs to revise its
mining law to ease a ban on mineral ore exports and is unlikely
to meet a deadline of early next year for the change, senior
politicians warned on Thursday.

* Overcapacity, low demand depress power prices

(Adds detail about earnings, stock price, analyst comment)

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