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UPDATE 3-China appears to be working on third airstrip on disputed South China Sea islets -expert

WASHINGTON, Sept 14 (Reuters) - China appears to be carrying out preparatory work for a third airstrip in contested territory in the South China Sea, a U.S. expert said on Monday, citing satellite photographs taken last week.

UPDATE 1-PBF planning to restart Chalmette refinery hydrocracker -sources

HOUSTON, Sept 14 (Reuters) - PBF Energy Inc plans to restart a 20,000 barrel-per-day (bpd) hydrocracking unit, perhaps as early as late 2016, at the 192,500-bpd refinery in Chalmette, Louisiana, of which the company is scheduled to take possession by the end of this year, said sources familiar with PBF's plans.

UPDATE 2-Petrobras chairman to take leave, to focus on job as Vale CEO

RIO DE JANEIRO, Sept 14 (Reuters) - Murilo Ferreira will take a leave of absence as chairman of state-run oil firm Petrobras, turning his full attention to his job as chief executive officer of Vale SA as the mining company grapples with a downturn in the sector.

Oil prices edge up after sharp falls in previous session

* Tuesday's rebound not sign of change in fundamentals - broker

PennTex Midstream commissions Mt. Olive gas processing plant in Louisiana

US based PennTex Midstream Partners has commissioned the Mt. Olive gas processing plant and related residue gas and natural gas liquids (NGL) pipelines in the Terryville Complex in northern Louisiana, US.

Pertamina plans to resume operations of TPPI refinery in Indonesia next month

Indonesia's state energy company Pertamina is planning to resume operations at the Trans Pacific Petrochemicals Indotama (TPPI) refinery located in Tuban, East Java, early next month.

Wood Group to provide subsea services for five new joint industry projects

Wood Group is providing subsea services for five new joint industry projects (JIPs) to solve industry-wide challenges.

UPDATE 1-Carl Icahn raises stake in Cheniere Energy to 9.6 pct

BOSTON/NEW YORK, Sept 14 (Reuters) - Activist investor Carl Icahn, already the biggest investor in Cheniere Energy Inc , on Monday said he raised his stake in the liquefied natural gas company to 9.6 percent less than one month after two Icahn directors were appointed to the company's board.

UPDATE 1-China building third airstrip on disputed South China Sea islets -expert

WASHINGTON, Sept 14 (Reuters) - China appears to be building a third airstrip in contested territory in the South China Sea, a U.S. expert said on Monday, citing satellite photographs taken last week.

UPDATE 1-Mexico sets minimum bid values for upcoming offshore oil auction

MEXICO CITY, Sept 14 (Reuters) - Mexico's finance ministry on Monday announced the minimum fiscal terms companies will be required to meet to win development rights in an upcoming oil auction, as the country seeks to lure investment despite slumping crude prices.

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