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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.

Post-sanctions Iran: enthusiastic about steel expansion

Platts editors discuss Iran's announcement that it plans to more than double steelmaking capacity to 55 million mt/year by 2025, which would make it one of the world's top ten steelmaking nations.

Saudi Arabia fully supports Doha oil meeting in April -Saudi source

KHOBAR, Saudi Arabia, March 16 (Reuters) - Top OPEC producer Saudi Arabia fully supports an emergency meeting for oil producers in the Qatari capital Doha in April, a Saudi oil source said on Wednesday.

US Offshore Wind Cost May Drop 55 Percent as Builders Gain Experience

The cost of building wind farms off the U.S. coast may decline as much as 55 percent within 13 years, letting developers offer clean power at rates competitive with market prices, according to a study released Tuesday by the University of Delaware.

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