Energy Update

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BEIJING, May 18 (Reuters) - The approval process for China's ambitious nuclear reactor building plans is now back to normal after a four-year interruption, giving Beijing a fighting chance to meet its 2020 capacity targets, an industry official told reporters on Monday.

JAKARTA, May 18 (Reuters) - Pertamina is bidding for a majority stake in a refinery in Southeast Asia, the firm's refineries director said on Monday, as the state energy company moves to increase domestic fuel supply and reduce costs.

* Islamic State militia takes control of Iraqi city of Ramadi

* Company worth 30 pct less than highest hopes (Recasts, updates valuation, adds analyst quote)

MELBOURNE, May 18 (Reuters) - BHP Billiton Ltd is looking to take advantage of a slump in oil prices to pick up assets where it can use its deepwater drilling expertise to boost growth as it slows expansion in onshore shale, its petroleum head said.

* Weak commodity prices prompt review, re-bidding of EPC contracts

KIEV, May 18 (Reuters) - Ukraine's state-run gas company Naftogaz has transferred $32 million to Russia's gas monopoly Gazprom as a further pre-payment for gas deliveries, a spokeswoman for the company said on Monday.

The US shale industry took a high-profile bashing this month from David Einhorn, the US hedge fund manager who gained notoriety by shorting Lehman Brothers.

(Mon, 18 May 2015) EIA launched a redesigned International Energy Portal to improve access to international energy data and trends in global energy markets. The expanded International Energy Portal provides increased access to data, new user-driven customization, new data visualization features, improved access to international analysis, and enhanced data downloads.

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