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UPDATE 1-Technip says resilient despite oil market rout

PARIS, Feb 25 (Reuters) - French oil services firm Technip does not expect business from oil and gas clients to pick up for at least a year but said its strong backlog and cash flow have helped it resist the worst of the oil market rout.

Dynegy, Energy Capital form JV to buy Engie's US fossil portfolio

Feb 25 (Reuters) - Electric power company Dynegy Inc said it will form a joint venture with Energy Capital Partners to buy Engie's U.S.

UPDATE 1-Spain's Repsol cuts dividend by 20 pct after 2015 loss

MADRID, Feb 25 (Reuters) - Spanish oil major Repsol said on Thursday it would cut its dividend against 2015 earnings by around 20 percent after posting an annual loss as weak oil and gas prices forced it to book extraordinary writedowns.

Premier Oil posts wider pretax loss as oil prices bite

Feb 25 (Reuters) - Oil producer Premier Oil Plc reported a wider pretax loss for 2015, hurt by lower oil prices.

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.

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