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Afren secures additional debt funding

May 29 (Reuters) - Oil producer Afren Plc said its noteholders agreed to subscribe for further notes up to $369 million, adding $93 million in net cash proceeds to the amount it announced in April.

Bulk chemical feedstock use a key part of increasing industrial energy demand

(Fri, 29 May 2015) Industrial sector energy consumption is expected to grow faster than all other sectors, according to EIA's Annual Energy Outlook 2015. A large portion of both consumption and anticipated growth is in the bulk chemical industry, which is able to take advantage of increased domestic supply of natural gas, hydrocarbon gas liquids (HGL), and petrochemical feedstocks.

UPDATE 1-Oil gains 1 percent after US stocks drop for 4th week

* U.S. crude inventories fell by 2.8 mln bbls last week - EIA

UPDATE 4-Hundreds seek safety from Texas floods, severe weather kills 16

AUSTIN, Texas, May 28 (Reuters) - Hundreds of people fled areas near Texas rivers that overflowed their banks on Thursday as the state reeled from severe storms this week that killed at least 17 people, flooded cities and set a record for the wettest month.

UPDATE 3-Group proposes investing $3.5 bln in Puerto Rico utilities -source

NEW YORK, May 28 (Reuters) - A consortium of York Capital Management, NRG Energy Inc and ITC Holdings Corp have proposed investing as much as $3.5 billion in Puerto Rico's electrical infrastructure, a source familiar with the consortium said on Thursday.

UPDATE 3-Hundreds seek safety from Texas floods, severe weather kills 16

AUSTIN, Texas, May 28 (Reuters) - Hundreds of people fled areas near Texas rivers that overflowed their banks on Thursday as the state reeled from severe storms this week that killed at least 16 people, flooded cities and set a record for the wettest month.

Oman to invest $7bn on construction of oil refinery in Indonesia

The Oman Government is planning to construct a refinery with an investment of $7bn in Indonesia in order to boost the latter’s downstream oil and gas industry.

UPDATE 1-Group proposes to invest in Puerto Rico utility infrastructure -source

NEW YORK, May 28 (Reuters) - A consortium of York Capital Management, NRG Energy and ITC Holdings have proposed investing as much as $3.5 billion in Puerto Rico's electrical infrastructure, a source familiar with the consortium said on Thursday.

UPDATE 1-Schahin says Petrobras cancels offshore ship leases

RIO DE JANEIRO, May 28 (Reuters) - Brazil's state-run oil company Petrobras canceled leases with Schahin Petroleo e Gas SA for five offshore oil drilling and production vessels after a cash crunch forced the ship leaser to remove the equipment from service for nearly a month, Schahin said on Thursday.

UPDATE 2-U.S. March gasoline demand highest for month since 2008 -EIA

NEW YORK, May 28 (Reuters) - U.S. gasoline demand rose more than 4 percent in March to nearly 9.06 million barrels a day, the highest level for the month since 2008, monthly data from the U.S. Energy Information Administration released on Thursday showed.

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