Energy Update

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HOUSTON/CARACAS, July 8 (Reuters) - Venezuela's falling
crude output and financial woes have left it struggling to
maintain a 15-year-old oil assistance program to its closest
ally, Cuba.

Following the UK's vote to exit the EU, we look at both the business case and political risks for future UK energy sector investment, and assess the best way forward.

YENAGOA, Nigeria, July 8 (Reuters) - Attackers blew up an
oil pipeline in Nigeria's southern Bayelsa state operated by a
subsidiary of Italy's Eni on Friday, the Nigeria
Security and Civil Defence Corps (NSDC) said.

YENAGOA, Nigeria, July 8 (Reuters) - Attackers blew up an
oil pipeline in Nigeria's southern Bayelsa state operated by a
subsidiary of Italy's Eni on Friday, the Nigeria
Security and Civil Defence Corps (NSDC) said.

* Work resumes immediately-Shell

(Adds Shell comment, details)

HONG KONG, July 8 (Reuters) - Hong Kong stocks fell on
Friday, tracking losses in Shanghai shares, on fears of further
weakness in the yuan and worries that Britain's decision to
leave the European Union could destabilise one of China's
biggest export markets.

* Scheme to ensure power over winter

(Updates with detail, background)

SHANGHAI, July 8 (Reuters) - China will send inspection
teams to eight more provinces and regions to see how well they
are complying with state environment rules and fighting the
country's war on pollution, the environment ministry said.

* But refined product glut, slowing economic growth weigh on
oil

MEXICO CITY, July 7 (Reuters) - Mexico's ruling
Institutional Revolutionary Party, or PRI, will pick a top
government energy official to take over as party leader next
week, two years ahead of the next presidential election, three
PRI officials said on Thursday.

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