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As U.S. shale exports begin, Australia readies world's costliest gas project

SINGAPORE, Feb 25 (Reuters) - The timing couldn't be worse for the first production of natural gas from Australia's $54 billion Gorgon project - the world's most expensive.

UPDATE 1-China allocates 100 bln yuan to deal with job losses from capacity cuts - ministry

* Government aiming to remove obstacles blocking market forces

The next stage in America's evolving ethanol landscape targets five other countries

As with any market, when times are hard, it's essential that players can adapt and evolve to keep business alive.

Canadian oil production expected to increase despite lower prices

(Thu, 25 Feb 2016) Despite lower crude oil prices, EIA expects Canadian oil production to continue increasing through 2017. Canadian oil sands projects that were already under construction when prices began to fall in 2014 and that are expected to begin production in the next two years are the main driver of production growth.

UPDATE 1-BHP Billiton investors sue in U.S. over Brazil dam disaster

NEW YORK, Feb 25 (Reuters) - BHP Billiton Ltd was sued in the United States by investors who accused the Anglo-Australian mining company of fraudulently overstating its ability to manage safety risks prior to November's fatal dam burst at a Brazilian mine it co-owned and operated.

China allocates 100 bln yuan to deal with job losses from capacity cuts - ministry

BEIJING, Feb 25 (Reuters) - China will allocate 100 billion yuan ($15 billion) over two years to relocate workers during China's industrial restructuring, the Ministry of Industry and Information Technology said on Thursday.

UPDATE 1-Oil slips as oversupply, slowing growth outweigh strong gasoline demand

* But strong U.S. gasoline demand supports WTI (Adds comment, detail; updates prices)

UPDATE 2-Brazil Senate passes bill to relax Petrobras hold on rich oil region

BRASILIA/RIO DE JANEIRO, Feb 24 (Reuters) - Brazil's Senate on Wednesday passed a bill that reduces Petrobras control over some of the country's most promising offshore oil resources, in an attempt to kick start the country's oil industry hammered by low oil prices and a corruption scandal at the state-run oil company.

UPDATE 1-Venezuela, Gold Reserve to settle arbitration dispute with joint venture

CARACAS, Feb 24 (Reuters) - Venezuela and Canadian mining company Gold Reserve signed a memorandum of understanding on Wednesday to settle a protracted arbitration dispute through creation of a joint venture in the South American country.

BHP Billiton investors sue in U.S. over Brazil dam disaster

NEW YORK, Feb 24 (Reuters) - BHP Billiton Ltd was sued in the United States by investors who accused the Anglo-Australian mining company of fraudulently overstating its ability to manage safety risks prior to November's fatal dam burst at a Brazilian mine it co-owned and operated.

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