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UPDATE 1-Judge orders Alpha to pay legal defense for Massey's ex-CEO

May 28 (Reuters) - Alpha Natural Resources Inc must pay for the legal defense of Donald Blankenship, who is facing a criminal trial over a coal mining disaster in 2010, when he headed Alpha's Massey Energy Co business, a Delaware judge ruled on Thursday.

Historic red Pegasus flies again in Dallas, complete with oil rig

DALLAS, May 28 (Reuters) - A 1934 red neon Pegasus, a familiar emblem of Mobil Oil, has been lit up once again in Dallas, restoring a symbol of a city known for its close association with the oil business that had been locked away for a decade and a half.

Libya on verge of economic collapse, U.N. envoy warns

BRUSSELS, May 28 (Reuters) - Libya is on the verge of economic collapse as rival factions haggle over a political settlement, the United Nations special envoy said on Thursday.

UPDATE 1-India's ONGC sees new subsidy rules boosting first-quarter profit

* Q4 net profit 39.35 bln rupees vs 54.91 bln rupees estimate

COLUMN-Maritime disputes test China's peaceful rise: Kemp

LONDON, May 28 (Reuters) - The South China Sea has become the most important testing ground for the changing economic, political and military relationship between China and the United States.

UPDATE 1-Saudi Aramco may raise rigs in 2016 if oil prices rise -sources

KHOBAR, Saudi Arabia, May 28 (Reuters) - Saudi Aramco may raise the number of its oil and gas drilling rigs to as high as 250 next year if oil prices continue to firm and as domestic demand for gas increases, industry sources said on Thursday.

UPDATE 1-Engie eyes oil and gas exploration-production deals

PARIS, May 28 (Reuters) - French gas and power group Engie hopes to make acquisitions in the oil and gas exploration and production industry in the coming months, an executive at the company formerly called GDF Suez said on Thursday.

UPDATE 1-Norway oil fund may have to sell shares in up to 75 firms in coal ban

* Norway keeps its own state-run Arctic coal mines (Recasts, updates with quotes, reactions)

UPDATE 1-Germany's DIHK raises 2015 growth forecast to 1.8 pct

BERLIN, May 28 (Reuters) - Germany's DIHK Chambers of Industry and Commerce on Thursday raised their 2015 growth forecast for Europe's largest economy to 1.8 percent from a previous estimate of 1.3 percent.

SolarCity, BofA create tax equity fund for smaller investors

May 28 (Reuters) - Top U.S. solar installer SolarCity Corp on Thursday said it has partnered with Bank of America on a $200 million fund that will enable smaller investors such as regional banks to finance the company's residential solar systems.

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