Energy Update

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The downtrend in pulverized coal injection prices over the last three months has opened up an opportunity for PCI to displace high calorific value thermal coal for use as coal-fired boiler feedstock.

KUALA LUMPUR/SINGAPORE, Aug 4 (Reuters) - At least half a dozen suitors have bid for energy assets of Malaysia's debt-laden state fund 1Malaysia Development Bhd (1MDB), despite it being at the centre of the country's ongoing political crisis, according to four people familiar with the matter.

* Firm starts business rescue on S.African mine (Adds Glencore and Eskom comments, plus industry context)

TAMAR PLATFORM, East Mediterranean, Aug 4 (Reuters) - The Tamar natural gas platform, towering 300 feet above the Mediterranean, is a rare success story in Israel's fledgling energy sector - a state-of-the-art facility that has already saved billions of dollars in electricity costs.

SAO PAULO, Aug 4 (Reuters) - Seed giant Monsanto Co.'s unwanted takeover bid with Switzerland's Syngenta AG would face strong resistance in Brazil should it go forward, farmers and lawyers said, a hurdle that could delay or force major concessions to the $45 billion deal.

* Margins hit six-month low in July * Return to profit after heavy losses TOKYO, Aug 4 (Reuters) - Oil refining margins at Japanese refiners are likely to rise from a six-month low in July, as the decline in oil prices is expected to slow amid a seasonal recovery in demand for products, industry sources and executives said. The nearly $10 dive in global oil prices last month sent spot product prices sharply lower while costs for refiners were little changed, squeezing margins. But t

BANGKOK, Aug 4 (Reuters) - Thailand's IRPC PCL said on Tuesday its second-quarter net profit soared from a year earlier thanks to rising inventory gains and improved margins from both refining and petrochemical products.

PARIS, Aug 4 (Reuters) - French police have released the chief of staff to Gabon's President Ali Bongo who was detained for questioning in a corruption probe after the foreign ministry said he had diplomatic immunity, a judicial source said on Tuesday.

* Brent fell below $50 on Monday for first time since January

* BASF joined the project last week (Adds quotes, background)

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