Energy Update

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HANOI, April 7 (Reuters) - Vietnam demanded China move a controversial oil rig on Thursday and abandon plans to start drilling in waters where jurisdiction is unclear, the latest sign of festering unease among the two communist neighbours.

* Geneva prosecutor opens criminal inquiry linked to Panama Papers

KASSEL, Germany, April 7 (Reuters) - BASF's Wintershall oil and gas subsidiary plans to cut costs and trim investments in response to sharp oil price falls that forced it to lower its sales and earnings forecasts for 2016.

ANKARA, April 7 (Reuters) - Iran's foreign minister said on Thursday that Tehran was determined to regain its share of the oil market after sanctions imposed on the country were lifted under a deal reached with six major powers, the semi-official Tasnim news agency reported.

* Political uncertainty, antitrust hurdles deterring big deals

LONDON, April 7 (Reuters) - The head of European oil trading at oil major Royal Dutch Shell, Stany Schrans, will leave the company later this year, two industry sources told Reuters.

ABUJA, April 7 (Reuters) - Nigeria's parliament on Wednesday submitted the long overdue 2016 budget bill to President Muhammadu Buhari for additional checks at his request, with lawmakers blaming delays on the government for its "sloppy" work on the bill.

JUBA, April 7 (Reuters) - South Sudan's opposition leader Riek Machar said on Thursday he would return to the capital Juba on April 18, the first time since conflict broke out in December 2013 between forces loyal to President Salva Kiir and rebels allied with Machar.

DHAKA, April 7 (Reuters) - A Bangladeshi company has suspended work on a planned Chinese-backed coal-fired power plant after four demonstrators opposing its construction were killed earlier this week, a senior company official said on Thursday.

BAKU, April 7 (Reuters) - Energy ministers from Russia, Iran and Azerbaijan will attend talks in Doha on April 17 on a deal to freeze oil output, Russian Foreign Minister Sergei Lavrov said on Thursday.

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