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Cyprus and Israel agree to strengthen ties on energy, security

NICOSIA, July 28 (Reuters) - Israel and Cyprus agreed on Tuesday to expand their cooperation on energy issues, including the use of pipelines and electricity grids to link to European markets, as both countries develop natural gas fields off their coasts.

Peabody loss widens on $900.8 mln impairment charge

July 28 (Reuters) - Coal miner Peabody Energy Corp reported a much bigger second-quarter loss as it recorded $900.8 million in impairment charges.

UPDATE 1-National Oilwell profit beats estimates due to cost cuts

July 28 (Reuters) - National Oilwell Varco Inc, the largest U.S.

Kuwait awards $11.5 bln contracts to build al-Zour refinery -KUNA

KHOBAR, Saudi Arabia, July 28 (Reuters) - State-run Kuwait National Petroleum Co (KNPC) awarded on Tuesday 3.48 billion dinars ($11.5 billion) worth of contracts to build its planned al-Zour refinery, Kuwaiti state news agency KUNA reported.

UPDATE 1-UAE shifts fuel prices as the Gulf watches

* No sign of reform in Saudi; Oman, Bahrain may act soon (Adds context, analysis)

Brazil police arresting two as corruption probe reaches Eletrobras

SAO PAULO, July 28 (Reuters) - Brazilian federal police said on Tuesday they were completing two arrest warrants as part of a corruption investigation into Eletronuclear, a subsidiary of state-run electric utility Eletrobras.

National Oilwell profit drops 53 pct on weak demand

July 28 (Reuters) - National Oilwell Varco Inc, the largest U.S.

UPDATE 1-Russia's Gazprom gas output seen at all-time low in 2015

* Average gas exporting price down to $249.7 in Jan-May (Changes sourcing, adds detail)

Japan approves increase in Fukushima compensation to $57 bln

TOKYO, July 28 (Reuters) - Japan on Tuesday approved an increase in compensation payments for the Fukushima crisis to 7.07 trillion yen ($57.18 billion), as tens of thousands of evacuees remain in temporary housing more than four years after the disaster.

UPDATE 1-Zambia power cuts hit Canada's First Quantum, Barrick

LUSAKA, July 28 (Reuters) - Power cuts in north-western Zambia, Africa's second-biggest copper producer, have affected production at mines run by Canada's First Quantum Minerals and Barrick Gold, an industry body said on Tuesday.

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