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Lukoil expects 2 mln T decline in oil output in Russia this year

VOLGOGRAD, Russia, June 25 (Reuters) - Russia's second biggest oil producer, Lukoil, expects its oil output in Russia to decline by around 2 million tonnes, Ravil Maganov, the company's deputy president on exploration and production, said on Thursday.

UPDATE 1-Pakistan morgues run out of space as heat wave kills more than 1,000

* Bodies lie on floor of morgue where refrigeration unable to cope

RPT-Oklahoma drilling regulator calls spike in quakes a "game changer"

June 24 (Reuters) - A spike in earthquakes across Oklahoma is forcing the state's energy regulator to urgently consider tougher restrictions on drilling activity, a spokesman said on Wednesday, calling it a "game changer."

RPT--Big oil options trades revive speculation about producer hedging

NEW YORK, June 25 (Reuters) - Two big trades in oil options worth nearly $60 million last week boosted volatility in that market and revived speculation among traders that U.S. producers are placing hedges to guard against another price rout this fall.

Magnum Hunter looking to divest stake in pipeline unit

June 25 (Reuters) - Oil and natural gas producer Magnum Hunter Resources Corp said it expected to raise $600-$700 million by selling its 45.53 percent stake in its natural gas gathering subsidiary, Eureka Hunter Holdings.

Japan to stop inefficient coal-fired power plants being built

TOKYO, June 25 (Reuters) - Japan plans to stop power firms building coal-fuelled plants that are inefficient and dirty as it manages the competing demands of cutting greenhouse gas emissions while stepping up use of the fuel after the Fukushima disaster, officials said.

Israel's cabinet to rule on gas deal with Noble, Delek

JERUSALEM, June 25 (Reuters) - Israel's security cabinet on Thursday is expected to vote in favour of a plan that will allow a U.S.-Israeli energy group to keep control over most of the country's natural gas deposits but will also put some others up for sale.

Pakistan morgues run out of space as heat wave kills more than 1,000

KARACHI, June 25 (Reuters) - The worst heat wave to hit Pakistan's southern city of Karachi for nearly 35 years has killed more than 1,000 people, a charity said on Thursday, as morgues ran out of space and public hospitals struggled to cope.

Gazprom says has funds to build first line of Turkish Stream

MOSCOW, June 25 (Reuters) - Russia's top gas producer, Gazprom, has enough funds to build the first line of the planned Turkish Stream gas pipeline under the bed of the Black Sea, Chief Financial Officer Andrei Kruglov said on Thursday.

UPDATE 1-Britain to privatise Green Investment Bank

* Bank says has started to operate profitably (Adds details from GIB annual review and results, comment)

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