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UPDATE 1-Italy's Snam eyeing spin-off of Italgas unit

MILAN, March 17 (Reuters) - Italian gas transport group Snam is considering spinning off its Italgas domestic distribution unit as it pushes ahead with plans to focus on its core transportation business and expand in Europe.

India's ONGC eyes tie-up with foreign service providers to boost output

MUMBAI, March 17 (Reuters) - State-run Oil and Natural Gas Corporation Ltd, India's biggest explorer, plans to enter into partnerships with overseas oilfield service providers to boost output from ageing oil and gas fields, its chairman said.

High production, low prices mean little change in natural gas storage capacity

(Thu, 17 Mar 2016) High levels of natural gas production and relatively low natural gas prices are affecting markets for seasonal natural gas storage, including the value of additional storage capacity. For the second year in a row, no new natural gas storage facilities were added, and the slight changes, both positive and negative, at existing storage fields caused national storage capacity to remain essentially flat for the year.

UPDATE 2-Saudi Aramco, Shell plan to break up Motiva, divide up assets

HOUSTON, March 16 (Reuters) - Royal Dutch Shell and Saudi Aramco announced plans on Wednesday to break up Motiva Enterprises LLC in a deal that ends a partnership of nearly two decades and hands control of the biggest U.S.

Energy Transfer says controlling interest in Sunoco not for sale

March 16 (Reuters) - Energy Transfer Equity (ETE) said on Wednesday that it has no plans to sell its controlling interest in Sunoco LP even though it has received many queries from potential buyers since acquiring the gas station and convenience store operator in 2012.

Russia's far east oil producers boost Asian sales

* Far-east Russian exporters are close to Asia's biggest oil hubs

Doubling renewables by 2030 could save $4.2 trln/yr-research

* Says renewables' share in energy mix should double to 36 pct

UPDATE 1-U.S. crude options volatility sinks as prices bounce off Feb lows

NEW YORK, March 16 (Reuters) - Options-related volatility in U.S. crude oil has sunk to its lowest since January, with investors returning to the sidelines after scrambling to protect their positions as futures prices rallied off 12-year lows hit last month.

U.S. crude options volatility sinks as prices bounce off Feb lows

NEW YORK, March 16 (Reuters) - Options-related volatility in U.S.

Southcross Energy says parent company may file for bankruptcy

March 16 (Reuters) - Natural gas pipeline company Southcross Energy Partners LP said its parent, Southcross Holdings LP, has reached a restructuring deal "in principle" with its owners, lenders and others, that would be implemented under Chapter 11.

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