Energy Update

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In July, global wind and solar company Mainstream Renewable Power closed a $117.5 million equity financing package as part of its funding commitment to Lekela Power — a $1.9 billion joint venture between Mainstream and private equity manager Actis that will build 1.3 GW of solar and wind power capacity across Africa over the next three years.

* Shares rise 5 pct on cost cutting progress

(Adds CEO comment, context)

Canadian-based midstream energy company Gibson Energy has rejected an unsolicited takeover offer from a foreign entity.

SINGAPORE, Aug 12 (Reuters) - Best known for diving, lagoons
and the island that gave the world the name for the bikini
swimsuit, the Marshall Islands is now gaining attention as a
top-five destination for U.S. crude exports despite the lack of
a refinery to process the oil.

* Saudi Arabia willing to talk about ways to stabilize
market

(Fri, 12 Aug 2016) World tight oil production is expected to more than double between 2015 and 2040, increasing from 4.98 million barrels per day (b/d) in 2015 to 10.36 million b/d in 2040, according to the U.S. Energy Information Administration's <em>International Energy Outlook 2016</em> (IEO2016) and <em>Annual Energy Outlook 2016</em> (AEO2016).

HONG KONG, Aug 12 (Reuters) - The Philippines special envoy
to China, Fidel Ramos, said on Friday that Manila wants formal
discussions with China to explore pathways to peace and
cooperation after a meeting with former Chinese deputy foreign
minister Fu Ying.

* Tianjin marks one-year anniversary of warehouse blasts on
Aug 12

(Adds details of Tianjin one-year anniversary, comments from
work safety administration)

* July daily oil production fell to lowest since October
2011

HONG KONG, Aug 12 (Reuters) - The Philippines special envoy
to China, Fidel Ramos, said on Friday Manila wants formal
discussions with China to explore pathways to peace and
cooperation after a meeting with former Chinese deputy foreign
minister Fu Ying.

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