Energy Update

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LAGOS, Dec 30 (Reuters) - Nigerian authorities have seen documents suggesting the proceeds from past crude oil sales were diverted to personal accounts rather than reaching government coffers, President Muhammadu Buhari said in a wide-ranging interview on Wednesday.

MOSCOW, Dec 30 (Reuters) - A Crimean official said on Thursday that Ukraine had cut off a major source of electrical power to the region, a month after saboteurs first plunged the Russian-annexed peninsula into darkness.

SAO PAULO, Dec 30 (Reuters) - Spain's multinational Abengoa SA said on Wednesday it is seeking buyers to revive transmission-line and other construction projects in Brazil that the company had suspended after filing for creditor protection in Spanish courts.

China recorded a combined on-grid wind power and PV power generation installed capacity of more than 100 GW for 2014.

LAGOS, Dec 30 (Reuters) - The price of crude oil has fallen so much it will soon eliminate the need for subsidies in Nigeria, President Muhammadu Buhari said on Wednesday, although he did not say that the costly scheme would be removed.

As 2015 draws to a close, traders in Spanish renewable-energy companies are either kicking themselves or celebrating.

LAGOS, Dec 30 (Reuters) - Nigeria's government is prepared to negotiate with Islamist militant group Boko Haram to secure the release of around 200 schoolgirls kidnapped last year, if credible leaders are identified, President Muhammadu Buhari said on Wednesday.

Dec 30 (Reuters) - General Electric Co said it would separate its renewable energy business from its power unit, following the acquisition of Alstom's energy business.

Dec 30 (Reuters) - Britain closed its oldest nuclear reactor after nearly 45 years of service on Wednesday, marking the end of a British technology that dominated the country's nuclear industry for decades.

MUSCAT, Dec 30 (Reuters) - Oman's cabinet approved in principle spending cuts, tax rises and fuel subsidy reforms to cope with the damage to state finances from low oil prices, state news agency ONA reported on Wednesday.

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