Energy Update

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The U.K. energy regulator granted Macquarie Corporate Holdings Pty Ltd. and 3i Infrastructure Plc a license to own and operate a 269 million-pound ($422 million) offshore wind transmission link in the Irish Sea.

LONDON, Aug 25 (Reuters) - Saudi Arabia and its OPEC allies are counting on strong growth in demand coupled with slower growth in non-OPEC supply to rebalance the oil market in 2016.

* GCC bonds may diverge further, splitting into three classes

Greg Smart looks at the possible factors contributing to China's growing appetite for refined nickel imports.

OSLO, Aug 25 (Reuters) - Oil companies have cut their expectations for investments in Norway in recent months, fresh data showed on Tuesday, and economists said they are likely to continue scaling back ambitions as the price of crude continues to fall.

* HTF in need of new clients after severing links with parent

* Shares up 8 pct, rebound from more than 6 year low (Adds details on capex, shares)

DUBAI, Aug 25 (Reuters) - Iran will ramp up crude oil production and reclaim its lost share of exports shortly after international sanctions on the OPEC member are lifted, Iran's oil minister Bijan Zanganeh said on Tuesday.

Aug 25 (Reuters) - Petrofac Ltd reported a net loss for the first half, hurt by a steep increase in costs at its Shetland Islands project, and said it still expected net profit for the year to be weighted towards the second half.

BAGHDAD, Aug 25 (Reuters) - Iraq's oil minister said on Tuesday his country had paid foreign oil companies $9 billion in remaining arrears for 2014 and was paying 2015 arrears in stages until the beginning of 2016.

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