Energy Update

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HONG KONG, May 8 (Reuters) - A HK$1.3 billion ($168 million) sale of shares in Brightoil Petroleum has attracted interest from investors including China's Social Security Fund, two sources close to the deal said, underscoring support for the country's mixed-ownership reforms.

WARSAW, May 8 (Reuters) - PGNiG, Poland's biggest gas distributor, on Friday reported a 5 percent rise in first-quarter net profit, beating expectations, due to a fall in the cost of gas imports.

* Power gen income down 8 pct in Italy, 17 pct in east Europe (Adds detail, background)

With the recent change in the European jet fuel specification, Platts editors assess the implications for oil traders and pipeline operators.

SYDNEY, May 8 (Reuters) - Australian Prime Minister Tony Abbott's chief business adviser has accused the United Nations of using debunked climate change science to lead a new world order, provocative claims made to coincide with a visit from the top UN climate negotiator.

SINGAPORE, May 8 (Reuters) - Commodity trader Noble Group has been re-admitted to the trading processes used to set global oil prices by reporting agency Platts, after having been barred from full participation in April, according to two people familiar with the matter.

The fact that the election has had a clear result will help the energy industry to settle down and start planning investments again, but longer-term there remain some important questions.

RIO DE JANEIRO, May 8 (Reuters) - With less than 500 days until Rio de Janeiro hosts the Olympic Games, construction of several venues has not started and some major contracts have not even been tendered, setting the stage for a last-minute rush that will likely drive up costs.

BRASILIA/SAO PAULO, May 8 (Reuters) - Brazil Finance Minister Joaquim Levy's four-month-old austerity plan is encountering growing resistance in Congress, as some legislators say his policies may deepen a looming recession.

(Fri, 08 May 2015) Increases in the size of commercial buildings have outpaced increases in the number of those buildings over the past decade, according to EIA's Commercial Buildings Energy Consumption Survey. The survey is the only nationally representative data collection for building characteristics and energy use in commercial buildings.

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