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UK court dismisses Unaoil case against anti-fraud agency

LONDON, March 29 The English High Court on Wednesday dismissed an attempt by oil and gas services group Unaoil and the wealthy Ahsani family to force the UK Serious Fraud Office (SFO) to return or destroy material collected during raids in Monaco last year.

6:01pm BST

Nigeria state oil company plans move into power generation, transmission

ABUJA, March 29 Nigeria's state oil company plans to move into power generation and transmission, its chief said in a statement on Wednesday, as the firm tries to resolve the country's long-standing power problems.

5:55pm BST

UPDATE 1-Russia plans to produce more than 70 mln tonnes of LNG a year in Arctic

ARKHANGELSK, Russia, March 29 Russia may produce more than 70 million tonnes of liquefied natural gas (LNG) per year in its remote Arctic regions, the head of gas producer Novatek said on Wednesday.

5:45pm BST

UPDATE 5-Oil rises again on view that supplies should tighten

* China is No.3 overseas destination for U.S. crude - EIA (Adds comments, updates prices, milestones, adds latest Reuters OPEC survey)

5:45pm BST

Vivendi considers proposing de Puyfontaine as Telecom Italia chairman - sources

MILAN/PARIS, March 29 Vivendi is considering proposing its CEO Arnaud de Puyfontaine as Telecom Italia's next chairman, four sources close to the matter said, at a time when the French group's grip over Italian companies is under scrutiny.

5:35pm BST

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