Energy Update

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Feb 3 (Reuters) - Ask almost any Saudi citizen which institution works best in his country and the answer will be Saudi Aramco, the state-owned oil giant.

HOUSTON, Feb 3 (Reuters) - The latest blow to the energy industry's collective psyche has been inflicted by National Oilwell Varco Inc, with the giant oilfield equipment maker warning the pace of drilling and fracking will only slow more as 2016 drags on.

The 150-MW EDF Renewables Slate Creek Wind Farm in Kansas and the 150-MW Pattern Operations Fowler Ridge IV Wind Farm in Indiana are tied for the largest renewable energy projects that went online in January 2016.  Seven other solar and wind projects went live in North America in January for a total of 747 MW of installed renewable energy capacity. The largest solar project that went online last month was SunPower’s Quinto Solar Project in California.

* Power plant gained capacity market contract for 2018/19 (Updates throughout)

MOSCOW, Feb 3 (Reuters) - Spanish refiner Cepsa will ship a 1-million barrel cargo of Iranian oil to its refineries, according to vessel agents' data and market players' information on Wednesday.

* Shares fall as much as 15 pct to near 7-year low (Adds details from conference call, share move, industry background)

Dong Energy A/S is moving ahead with work on what will become the world’s biggest offshore wind farm once it’s complete, a facility generating 1.2 GW of power off the Yorkshire coast in the U.K.

In its first opinion letter of the year, the Kansas Department of Revenue (DOR) confirmed that under Kansas law only a utility can sell power to a residential customer. The text of the letter references the request as being made by a residential solar company, but the identity of that company is redacted.

MOSCOW, Feb 3 (Reuters) - Spanish refiner Cepsa will ship a 1-million barrel cargo of Iranian oil to its refineries, according to vessel agents' data and market players' information on Wednesday.

NEW YORK, Feb 3 (Reuters) - U.S. crude oil and gasoline inventories jumped more than expected last week to record highs, data from the Energy Information Administration showed on Wednesday.

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