Energy Update

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BUENOS AIRES, March 11 (Reuters) - Exporters of heavy crude from Argentina will receive a $7.50 per barrel subsidy from the government as long as international prices remain under $47.50 per barrel, the energy ministry said on Friday.

BEIJING, March 11 (Reuters) - China will begin civilian flights to and from a disputed South China Sea island within a year, state media reported on Friday, as the government expands infrastructure on islands and reefs also claimed by other countries in the region.

NEW YORK, March 11 (Reuters) - Many bond investors who benefited from the recent rally in battered energy debt prices are maintaining or seeking to add to their holdings, viewing the rally as the start of a longer-lasting uptrend rather than a blip.

ALGIERS, March 11 (Reuters) - Algeria's state energy firm Sonatrach has awarded an $880 million contract to supply oil and gas drilling tubes to four foreign firms, a document seen by Reuters on Friday showed.

March 11 (Reuters) - U.S. energy firms this week cut oil rigs for a 12th week in a row to the lowest level since December 2009 as drillers continue to slash capital expenditures despite crude prices having apparently bottomed, data showed on Friday. Looking forward, many analysts think the rig count will rebound later this year when prices rise. Drillers removed six oil rigs in the week ended March 11, bringing the total rig count down to 386, oil services company Baker Hughes Inc said.

OKLAHOMA CITY, March 11 (Reuters) - The night before Aubrey McClendon died, the oil-and-gas pioneer was expected at a private dinner here with potential business partners.

Siemens on March 10 said it has reached an agreement with the Moroccan government that will allow the company to build a wind turbine rotor blade factory for onshore wind turbines in Tangier.

* Ceyhan to resume loading later on Friday (Updates with Ceyhan loadings, Turkish money transfer)

The U.S. Department of Energy's (DOE) National Renewable Energy Laboratory (NREL) will help the first group of small clean energy businesses advance their products under the Small Business Vouchers (SBV) pilot launched last July by DOE.

Oil and gas producer Anadarko Petroleum Corp plans to cut about 1,000 jobs, a company spokesman told Reuters.

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