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Iran could decide fate of first global oil deal for 15 years

* But Iran looking to raise production after end of sanctions

UK Offshore Wind Could Grow By $8.4 Billion

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.

Solo Oil provides update on Horse Hill-1 oil discovery

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 cancels contract with sub-leased rig

Statoil has decided to cancel the contract with Maersk Gallant.

China sends missiles to contested South China Sea island -Fox News

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.

UPDATE 3-Buffett's Berkshire raises oil bet with Kinder Morgan stake

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.

Oil-producing nations retreat from Korean, Japanese stocks

* Sovereign wealth funds suspected selling Japan shares in Jan

UPDATE 1-Canada's British Columbia projects budget surplus, take aim at housing

VICTORIA, British Columbia, Feb 16 (Reuters) - British Columbia on Tuesday projected a budget surplus of C$264 million in fiscal 2016-17, the province's fourth consecutive balanced budget under the ruling Liberals, and unveiled measures to boost affordability in Vancouver's hot housing market.

Oil leak at Kuwaiti oil field dig, no gas leak recorded- agency

DUBAI, Feb 17 (Reuters) - Workers are trying to fix a leak at a site where an oil well is being dug in northern Kuwait, state news agency KUNA reported early on Wednesday.

Nabors Industries posts smaller quarterly loss

Feb 16 (Reuters) - Contract driller Nabors Industries Ltd posted a smaller quarterly loss compared with a year earlier, when it had taken a $1.01 billion impairment charge.

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