Energy Update

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* Rising Middle East output drags on international oil
markets

* Exit may herald shift to less aggressive profit
recognition-analyst

* Demand to "lay up" offshore vessels a bright spot for some
firms

ABUJA/ONITSHA, Nigeria, May 30 (Reuters) - Nigeria's
President Muhammadu Buhari will on Thursday visit the Niger
Delta region, rocked by attacks on oil and gas facilities, for
the first time since taking office a year ago, an official said
on Monday.

* Statistics office to release GDP data at 5:30 pm (1200
GMT)

International Finance Corporation (IFC), a member of the World Bank Group, has announced plans to invest $25m in Egyptian petrochemical producer Carbon Holdings to fund the development of the proposed Tahrir petrochemicals project.

In Volgograd, Oil Deep Conversion Complex has been commissioned as part of vacuum gasoil (VGO) hydrocracking facility at PJSC LUKOIL’s wholly owned oil refinery OOO “LUKOIL-Volgogradneftepererabotka”.

SAO PAULO, May 30 (Reuters) - Brazil's Transparency Minister
Fabiano Silveira quit on Monday, hours after he was accused of
trying to derail a sprawling corruption probe before taking
office earlier this month.

PARIS, May 31 (Reuters) - President Francois Hollande said
there was no turning back on a bill to loosen France's rigid
labour regulations and that the principles behind the most
contentious proposal handing firms more scope to negotiate
working conditions must remain in place.

BRASILIA, May 30 (Reuters) - Brazil's interim President
Michel Temer is facing pressure to drop his anti-corruption
minister, the second top official in his administration accused
of trying to derail a sprawling bribery and kickback probe
before taking office.

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