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UPDATE 2-RWE replaces top management at UK unit after operations problems

* Npower cut outlook earlier this month (Recasts, adds CEO quote, shares)

UPDATE 9-Oil sinks 4 percent, hits 6-1/2 year low on China concerns

* Iran says will defend market share "at any cost" (Updates stock markets reaction, prices)

UPDATE 1-Power producer Southern Co to buy AGL Resources for $8 bln

Aug 24 (Reuters) - Power producer Southern Co said it would buy AGL Resources Inc for about $8 billion in cash, making it the No. 2 U.S. utility by customers after Exelon Corp.

CORRECTED-Angola's Sonangol to buy Cobalt's stake in two offshore blocks

Aug 24 (Reuters) - Angolan state oil company Sonangol said it would buy oil and gas producer Cobalt International Energy Inc's 40 percent stake in two oil blocks offshore Angola for $1.75 billion.

COLUMN-Oil market loses faith in Saudi oil strategy: Kemp

LONDON, Aug 24 (Reuters) - Saudi Arabia's strategy for rebalancing the oil market through a period of lower prices shows few signs of working so far - with rival producers claiming they will raise output even as prices slide to new lows.

Algae Nutrient Recycling is a Triple Win

Nitrogen and phosphate nutrients are among the biggest costs in cultivating algae for biofuels. Sandia molecular biologists Todd Lane and Ryan Davis have shown they can recycle about two-thirds of those critical nutrients, and aim to raise the recycling rate to close to 100 percent.

Power producer Southern Co to buy AGL Resources for $8 bln

Aug 24 (Reuters) - U.S. power producer Southern Co said it will buy AGL Resources for about $8 billion in cash, creating the second-largest utility company in the country by customers.

UK shares slump to lowest level in over 2-1/2 years

LONDON, Aug 24 (Reuters) - Britain's top share index fell sharply on Monday, with all individual stocks in the red and miners leading the slide on growing fears of a China-led global economic slowdown.

PBF's Delaware City catalytic cracker shut for at least a month -source

NEW YORK, Aug 24 (Reuters) - A key gasoline-making unit at PBF Energy Inc's 182,200-barrel-per-day (bpd) Delaware City, Delaware, refinery is expected to be shut for at least a month - and possibly much longer - following an explosion and fire on Friday, a source familiar with plant operations said on Sunday.

RPT-Junior miners jump into medical marijuana, food service amid slump

TORONTO/VANCOUVER/SYDNEY, Aug 23 (Reuters) - Many of the world's junior miners are laying down their picks and shovels to start new ventures ranging from egg exporting to medical marijuana farming, as they as try to survive a crash in metals prices by shifting away from exploration.

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