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UPDATE 2-EDF buys majority of Areva reactor unit, seeks partners

* Areva shares open 3 pct higher, EDF 2 pct higher (Adds EDF CEO comments, share move)

UPDATE 3-Brazil accuses former Petrobras executive of favoring Italy's Saipem

SAO PAULO, July 29 (Reuters) - Prosecutors in Brazil said on Wednesday former Petrobras executive Renato Duque had unfairly favored Italy's Saipem SpA on a contract for an undersea gas pipeline for the Lula and Cernambi offshore subsalt fields.

UPDATE 1-Japan's Idemitsu to buy most of Shell's stake in Showa Shell for $1.4 bln

* Sale raises capital for Shell in downturn (Recasts with confirmation)

UPDATE 1-Centrica to shed assets, staff, to focus on supply, services

* Cuts dividend by 30 pct (Updates with details throughout)

UPDATE 1-Repsol Q2 net profit falls after Talisman integration

* Refining margins hit record high at $8.9 per barrel (Adds details and background)

UPDATE 1-Rolls-Royce first-half profit slumps, guidance unchanged

LONDON, July 30 (Reuters) - British engineering firm Rolls-Royce, under pressure after slashing forecasts three times in nine months, reported a 32 percent drop in first-half profit, which was slightly better than expected.

Centrica to sell some upstream, wind assets to shift focus on supply, services

LONDON, July 30 (Reuters) - Britain's largest utility Centrica will sell up to 1 billion pounds worth of upstream and wind assets by 2017 and reduce net headcount by around 4,000 staff in a strategy shift that will see it put more emphasis on energy supply and services.

Weir Group's first half profit falls 40 pct hurt by slump in oil

July 30 (Reuters) - Weir Group Plc posted a 40 percent fall in first-half pretax profit as the valve and pump maker struggled with a slump in U.S.

Rolls-Royce first-half profit slumps, guidance unchanged

LONDON, July 30 (Reuters) - British engineering firm Rolls-Royce, under pressure after slashing profit forecasts three times in nine months, reported a 32 percent drop in first-half profit, which was slightly better than expected.

Shell cuts 2015 capex again to face oil downturn

LONDON, July 30 (Reuters) - Royal Dutch Shell said on Thursday it will further reduce 2015 capital investment to $30 billion, down by 20 percent from a year ago as it expects the downturn in oil prices to "last for several years."

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