Energy Update

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SYDNEY/WELLINGTON, May 25 (Reuters) - Australian shares
bounced sharply off a two-week low on Wednesday, led by gains in
the energy and resources sectors as strong data in the United
States boosted commodity prices and Wall Street stocks.

* ChemChina set to take about 9.5 mln bbl under 5-yr lease -
source

SINGAPORE, May 25 (Reuters) - Oil futures rose on Wednesday
after U.S. industry data suggested a larger-than-expected
drawdown in crude inventories last week, although a stronger
U.S. dollar curbed gains.

* Petrobras boss paid $11.2 mln to grant pipe deals
-prosecutors

* China's "teapot" refineries are new force in global oil
markets

* Comes as mainstream lenders avoid some state-owned
borrowers

NEW DELHI, May 25 (Reuters) - Having quit his low-paid job
with a contractor in Qatar, electrician Kurian Joseph scrabbles
for work each day in his hometown in Kerala, a southwestern
state that has one of India's highest unemployment rates.

* U.S. LPG exports to Asia in May near Feb record of 1 mln T
-IHS

TGS announces the expansion of its multi-client library offshore Eastern Canada, with plans to acquire approximately 2,000 km² of 3D seismic data, in partnership with PGS.

On Monday in New Orleans at the AWEA WINDPOWER 2016 conference, experts from the offshore oil and gas and offshore wind industry gathered to learn how the two sectors can work together to help the burgeoning offshore wind industry in the U.S.

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