Energy Update

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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.

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.

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

DUBAI, Feb 29 (Reuters) - Allies of President Hassan Rouhani have won all 30 seats for the capital Tehran in Iran's parliamentary elections, final results announced on Monday showed.

* Q4 net loss 2.96 bln rgt vs 7.3 bln rgt loss in year-ago period

Heavyweight oil producer group OPEC stepped into the ring with young upstart US shale back in November 2014 and delivered its best shot.

DUBAI, Feb 29 (Reuters) - Iran's President Hassan Rouhani and his allies won big gains in elections that could deepen the country's engagement with the world after his government ended years of sanctions by agreeing to curb its nuclear programme.

KUALA LUMPUR, Feb 29 (Reuters) - Malaysia's Petroliam Nasional Bhd, or Petronas, reported a fourth-quarter net loss on Monday and announced spending cuts for the next few years, as the state oil company braces for a prolonged period of low oil prices.

* To return 32 pence/shr, including 16 pence special dividend

NEW YORK, Feb 29 (Reuters) - Highly-leveraged U.S.

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