Energy Update

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Nigeria and Angola are the two biggest producers in in West Africa, but the crudes from these two countries have treaded divergent paths.

TOKYO, May 25 (Reuters) - Goldman Sachs Group Inc plans to establish a bond facility to target $1 billion in investment within the next few years in renewable energy projects in Japan, people familiar with the plan said.

SINGAPORE, May 25 (Reuters) - Crude oil futures edged up on Monday, buoyed by healthy Asian appetite and demand from the U.S.

Iran is reportedly planning to commission three new petrochemical plants by March 2016.

Pembina Pipeline has agreed to provide terminalling services for the North West Redwater Partnership with respect to North West's planned refinery.

May 24 (Reuters) - Alberta Premier Rachel Notley, whose left-wing New Democratic Party ended 44-years of Progressive Conservative Party rule in the Canadian province this month, was sworn in on Sunday and unveiled her Cabinet, with three of the top posts going to rookie legislators.

SIRTE, Libya, May 24 (Reuters) - Warplanes from Libya's official government attacked an oil tanker docked outside the city of Sirte on Sunday, wounding three people and setting the ship on fire, officials said.

DUBAI, May 24 (Reuters) - Iran will abolish a motorists' allowance for heavily subsidised fuel and set a price, the deputy oil minister said on Sunday, as the government moves cautiously to cut back costly handouts.

OKLAHOMA CITY, Okla., May 24 (Reuters) - U.S. Republicans have had to watch from the sidelines as the Obama White House has taken political credit for America's unexpected energy boom and tumbling gas prices. Now it has left their presidential candidates scrambling for a way to reclaim leadership on an issue the party once seemed to own.

LONDON, May 24 (Reuters) - For Rivka Micklewaite and fellow students, securing a pledge this week from Oxford University to avoid direct investments in companies producing coal or tar sands is just the beginning.

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