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Petrobras voluntary layoff program accepted by 6,100 employees - source

SAO PAULO, Aug 25 (Reuters) - A voluntary layoff program at
state-run oil company Petroleo Brasileiro SA has been
accepted by 6,100 employees, a source with direct knowledge of
the matter told Reuters.

UPDATE 3-U.S. Navy ship fires warning shots at Iranian vessel

WASHINGTON, Aug 25 (Reuters) - A U.S. Navy ship fired
warning shots toward an Iranian fast-attack craft that
approached two U.S. ships, a Pentagon spokesman said on
Thursday, in the most serious of a number of incidents in the
Gulf area this week.

UPDATE 1-LyondellBasell retains bank for potential Houston refinery sale -sources

NEW YORK/HOUSTON, Aug 25 (Reuters) - LyondellBasell
Industries NV has retained Bank of America Merrill Lynch
to help with the potential sale of its 263,776
barrel-per-day refinery in Houston, according to two people
familiar with the talks.

Blackstone to invest $1.5 bln in Permian basin

Aug 25 (Reuters) - Asset manager Blackstone Group LP
will invest about $1.5 billion in the oil-rich Permian basin, in
Texas and New Mexico.

Low prices may hobble potentially massive new Canada oilfield

CALGARY, Alberta, Aug 25 (Reuters) - A deepwater oilfield
off the coast of eastern Canada could hold 25.5 billion barrels
of crude, according to a new seismic report by the Newfoundland
and Labrador government, potentially making it the country's
largest offshore resource.

UK Grid-scale Energy Storage Approaches Commercial Reality

Grid-scale energy storage will move closer to commercial reality on Friday when the U.K.’s grid operator offers contracts to companies to help balance the network, a key measure needed to help balance increasing supply from renewables.

U.S. Navy ship fires warning shots toward Iranian vessel -CNN

WASHINGTON, Aug 25 (Reuters) - A U.S. Navy ship fired three
warning shots after an Iranian fast-attack craft approached and
circled two U.S. Navy ships and a Kuwaiti vessel in the northern
Gulf on Wednesday, CNN reported on Thursday.

Iranian vessels' intentions in approaching U.S. warship unclear -White House

WASHINGTON, Aug 25 (Reuters) - The intention of four Iranian
vessels that approached a U.S. warship in international waters
in the Strait of Hormuz this week were not clear, but such
actions can escalate tensions, the White House said on Thursday.

European shares end lower on weaker miners and drugmakers

MILAN, Aug 25 (Reuters) - European equities fell on
Thursday, dragged down by weaker miners and drugmakers, with
investors cutting their exposure to riskier assets ahead of a
key speech by Federal Reserve Chair Janet Yellen on Friday.

Britain's FTSE retreats as pharma stocks fall

* CRH rises after results

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