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France's Vallourec warns of further deterioration in second half

PARIS, July 30 (Reuters) - French steel pipe-maker Vallourec said its net loss deepened in the second quarter and warned of further deterioration in margins in the second half of the year in the face of falling demand from its oil and gas customers.

UPDATE 2-OPEC says oil should not fall further, sees stability in 2016

* OPEC expects oil prices to rebound (Adds quotes, details, background, releads and combines stories)

Activists on Oregon bridge block Shell's Arctic drilling quest

PORTLAND, Ore., July 30 (Reuters) - Greenpeace protestors dangling from a bridge on Thursday in Portland, Oregon, halted an icebreaker that Royal Dutch Shell needs in northern Alaska before it can start drilling into the region's oil zone.

COLUMN-U.S. oil storage becomes big business: Kemp

LONDON, July 30 (Reuters) - Commercial crude stocks across the United States rose by 105 million barrels early this year to peak at 490 million barrels, the highest level in eight decades.

Slimmed-down Areva will need large capital increase-CEO

PARIS, July 30 (Reuters) - France's Areva will need a multi-billion euro capital increase following four years of losses and the sale of a big stake in its nuclear reactor division to utility EDF, most of which will have to come from the state.

UPDATE 6-Oil steadies as rising dollar balances stocks draw

* U.S. crude stocks down sharply; weekly U.S.

UPDATE 3-Siemens exceeds expectations despite China weakness

* Full-year target for 10-11 percent industrial margin maintained

Foreign firms bid for Saudi Aramco's Fadhili gas project - sources

KHOBAR, Saudi Arabia, July 30 (Reuters) - Foreign engineering firms have submitted bids to build a gas plant in eastern Saudi Arabia for state oil giant Saudi Aramco at an estimated cost of $5 billion to $6 billion, industry sources said.

UPDATE 1-Marathon Petroleum profit misses as refining margins fall

July 30 (Reuters) - Marathon Petroleum Corp reported a weaker-than-expected quarterly profit, hurt by a decline in refining margins as the company's crude costs remained high.

Lonmin: victim of price falls and management wobbles

LONDON/JOHANNESBURG, July 30 (Reuters) - Platinum producer Lonmin is facing its deepest crisis to date, hurt by a downturn in the metal and haunted by a mixture of bad luck and debatable management choices that are putting its survival at risk.

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