Energy Update

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Platts LNG team looks at the short- and long-term implications of the $70-billion Shell-BG Group deal on the LNG market.

SEOUL, April 15 (Reuters) - South Korea's imports of Iranian crude doubled in March from a year earlier but the country's oil shipments from the OPEC country in the first quarter of this year fell 16 percent year- on-year to meet international sanction requirements.

SINGAPORE, April 15 (Reuters) - Oil prices rose in early Asian trading on Wednesday after signs of a dip in U.S. production, but trading was cautious ahead of an anxiously awaited reading on China's growth pulse.

HOUSTON, April 14 (Reuters) - Striking Houston refinery workers on Tuesday rejected Lyondell Basell Industries' final contract offer to settle a two-and-a-half month work stoppage, said an official of the United Steelworkers union (USW), which represents the hourly employees.

Diversified downstream energy company, Delek US has signed definitive stock purchase agreement to acquire approximately 48% stake of Alon USA Energy from Alon Israel Oil Company, for $572.4m.

Energy Capital Partners (ECP) announced its plan to invest up to $500m in equity capital in Next Wave Energy Partners to focus on the development, operation, acquisition and expansion of midstream and downstream petrochemical and fuels assets.

April 14 (Reuters) - Refiner Delek US Holdings Inc said it would buy Alon Israel Oil Co Ltd's 48 percent holding in Alon USA Energy Inc for about $572.4 million, giving it a stake in convenience stores and more refineries in the United States.

WILMINGTON, Del, April 14 (Reuters) - The number of bankruptcies among publicly traded U.S. companies has climbed to the highest first-quarter level for five years, according to a Reuters analysis of data from research firm bankruptcompanynews.com.

April 14 (Reuters) - Refiner Delek US Holdings Inc said it would buy out Alon Israel Oil Co Ltd's 48 percent stake in fellow refiner Alon USA Energy Inc for about $572.4 million.

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