Energy Update

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LONDON, June 1 (Reuters) - Hikma Pharmaceuticals
will be promoted to Britain's benchmark FTSE 100 equity
index after a sharp rally in its shares since March, while
satellite company Inmarsat will drop out of the FTSE.

As the EU is to debate the extension of oil sanctions on Russia in June, our editors in Moscow discuss the impact of the sanctions on the country's oil sector and the implications for both Russia and the EU.

Enphase Energy Inc. said its partners in Australia and New Zealand, the first markets for its energy storage products, have committed to selling twice as many of its batteries as expected in the face of increasing competition from companies including Tesla Motors Inc.

While climate change has been recognized as an urgent, global issue, the relevance of increasing the visibility of women in clean energy as a solution to advancing our climate goals is rarely discussed. Around the world, the energy industry remains one of the most gender-imbalanced sectors according to a 2014 white paper by the U.S.

The Armenian Parliament on May 12 adopted the second and final reading draft amendments “On Energy Saving and Renewable Energy,” giving strong impetus for the development of solar energy in private and industrial segments of the Armenian economy, according to market participants.

Despite the fact that many solar energy systems installed in the ’70s and ’80s are still in operation, the truth is, every solar panel will eventually reach the end of its useful life span. Then what?

June 1 (Reuters) - Husky Energy, Canada's No. 3
integrated oil company, said it expected to generate free cash
flow and may reinstate a cash dividend as crude oil prices have
rallied in recent weeks.

* Venezuela warns of more downside when outages ease

(Releads with source saying Gulf OPEC members seek joint
action)

* Tehran seeking to reduce dependence on dollar

(Adds quotes, details)

VIENNA, May 31 (Reuters) - A Nigerian oil technocrat has
emerged as frontrunner to take the top job at OPEC, with members
seeing Mohammed Barkindo as what would be a rare compromise
candidate to lead the group amid rising tensions between Saudi
Arabia and Iran.

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