Energy Update

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ORANJESTAD/HOUSTON, Sept 25 (Reuters) - Aruba's Energy Ministry said on Friday it has signed a memorandum of understanding with PDVSA's U.S. unit Citgo Petroleum to explore reopening and operating the island's refinery, idled since 2012 because of low margins.

WOLFSBURG, Germany, Sept 25 (Reuters) - Volkswagen named company veteran Matthias Mueller as its chief executive on Friday as the German carmaker struggles to get to grips with a crisis over rigged diesel emission tests that its chairman called "a moral and political disaster".

WOLFSBURG, Germany, Sept 25 (Reuters) - Volkswagen knows it will take much more than just new leadership and a corporate overhaul to clear the air after it was caught cheating in U.S.

Sept 25 (Reuters) - U.S. energy firms cut oil rigs for a fourth week in a row this week, data showed on Friday, a sign the continued weak prices were causing energy firms to reduce drilling plans.

MOSCOW, Sept 25 (Reuters) - Russian President Vladimir Putin and Greek Prime Minister Alexis Tsipras confirmed their commitment to boost ties, including in energy, in a phone call on Friday, the Kremlin said.

Sept 25 (Reuters) - U.S. energy firms cut oil rigs for a fourth week in a row this week, data showed on Friday, a sign the continued weak prices were causing energy firms to reduce drilling plans.

LONDON, Sept 25 (Reuters) - Investors in smaller mining companies are likely to suffer further losses as the recent plunge in commodities prices to multi-year lows pushes some firms to the brink of extinction.

BRUSSELS, Sept 25 (Reuters) - The scandal over Volkswagen's cheating in pollution tests has stung EU regulators into a promise of zero tolerance of emissions fraud and a scramble to tighten regulation, but some officials doubt this will be easy to achieve.

* Change in EU diesel tax benefits could cost 16 billion euro

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