Energy Update

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* Woodside shares down 3.4 pct (Recasts with CEO comments on Browse LNG)

India’s installed solar capacity will probably cross the 9 gigawatt threshold by March, bringing the country closer to Prime Minister Narendra Modi’s ambitious renewable energy targets, according to a government website.

* But Iran looking to raise production after end of sanctions

Solo notes that UK Oil and Gas (UKOG") have released a further announcement that light (40 degree API) dry oil has continued to flow naturally at a stabilised rate of over 450 barrels of oil per day (bopd) from the Lower Kimmeridge limestone interval in the Horse Hill-1 well in PEDL137 during a second day of testing.

Statoil has decided to cancel the contract with Maersk Gallant.

The world’s biggest offshore wind power market may be about to get even bigger as three companies decide whether they’ll commit 7.5 billion euros ($8.4 billion) to raise the U.K.’s installed offshore capacity by more than a third.

WASHINGTON, Feb 16 (Reuters) - The Chinese military has deployed an advanced surface-to-air missile system to one of its contested islands in the South China Sea, Fox News reported on Tuesday, citing civilian satellite imagery.

Feb 16 (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Tuesday disclosed a new investment in pipeline operator Kinder Morgan Inc, boosting its bet on the oil industry as crude prices hover near 12-year lows.

* Sovereign wealth funds suspected selling Japan shares in Jan

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