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Pay for Berkshire's Abel jumped 48 pct to $40.77 mln in 2015

Feb 29 (Reuters) - The energy unit of Warren Buffett's Berkshire Hathaway Inc on Monday said Gregory Abel, its chairman and chief executive, saw his compensation jump 48 percent last year to $40.77 million, reflecting a large incentive award.

Standard & Poor's affirms BHP Billiton's credit rating

Feb 29 (Reuters) - Standard & Poor's affirmed its "A" rating on global miner BHP Billiton's debt, citing a change in the company's dividend policy.

COLUMN-Hedge funds turn bullish on Brent but not WTI: Kemp

LONDON, Feb 29 (Reuters) - Hedge funds are turning more positive about the outlook for crude oil prices, according to the latest positioning data from regulators and exchanges.

UPDATE 1-Iran reformists cheer election gains, conservatives play down shift

* Iran's economic indicators http://reut.rs/1P8jWNx (Adds Khatami, final results, turnout, quotes, interior minister, pvs DUBAI)

Gabon president Bongo says will seek second term this year

PORT GENTIL, Gabon, Feb 29 (Reuters) - Gabon President Ali Bongo said on Monday he would run for a second term in elections later this year, seeking to extend his party's near 50-year rule over the oil-producing central African state.

UPDATE 1-Icahn offers to buy rest of auto parts maker Federal-Mogul

Feb 29 (Reuters) - Billionaire Carl Icahn's investment company offered to buy the 18 percent of auto parts maker Federal-Mogul Holdings Corp that it does not already own for about $213 million.

Icahn offers to buy remaining stake in Federal-Mogul

Feb 29 (Reuters) - Auto parts maker Federal-Mogul Holdings Corp said it received a proposal from billionaire Carl Icahn's Icahn Enterprises L.P.

Chevron mulling sale of Asian geothermal assets - Bloomberg

Feb 29 (Reuters) - Chevron Corp, the No. 2 U.S. oil producer, is considering a sale of its geothermal assets in Asia, Bloomberg reported citing people familiar with the matter.

RPT-COLUMN-LNG needs new pricing, rules to realise its golden age: Russell

LAUNCESTON, Australia, Feb 29 (Reuters) - - In theory these should be great days for the liquefied natural gas (LNG) industry as new plants are commissioned to supply the clean-burning fuel to energy hungry markets across rapidly developing Asia.

RPT-U.S. shale's message for OPEC: above $40, we are coming back

NEW YORK, Feb 29 (Reuters) - For leading U.S. shale oil producers, $40 is the new $70.

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