Energy Update

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MOSCOW, Feb 15 (Reuters) - Russian President Vladimir Putin and Hungarian Prime Minister Viktor Orban will discuss economic ties including joint energy projects in Moscow on Feb.

FRANKFURT, Feb 15 (Reuters) - Germany's Bundesbank slashed its forecast for inflation on Monday, a signal that the same will happen across the wider euro zone, increasing pressure on the European Central Bank to loosen money supply.

LAUNCESTON, Australia, Feb 15 (Reuters) - - "We don't run our business on hope, we run it with foresight and focus." These are Rio Tinto Chief Executive Sam Walsh's words, but he's only half right.

MOSCOW, Feb 15 (Reuters) - Russia wants to see improved relations between Iran and Saudi Arabia at a time when joint action is needed to influence global oil prices, the RIA news agency on Monday quoted Zamir Kabulov, a senior official at Russia's Foreign Ministry, as saying.

* Oil industry hit by plunging prices (Adds details, comments from briefing)

SINGAPORE, Feb 15 (Reuters) - Singapore rig-builder Sembcorp Marine's order book will be cut by S$3.2 billion ($2.29 billion) should all seven Sete Brasil contracts be canceled, its chief executive said on Monday.

LONDON, Feb 15 (Reuters) - Royal Dutch Shell on Monday sealed the $53 billion (36 billion pounds) acquisition of British rival BG Group to form the world's top liquefied natural gas company, even as slumping oil prices cast a shadow on the upcoming years of transition.

MOSCOW, Feb 15 (Reuters) - Russia wants to see improved relations between Iran and Saudi Arabia at a time when joint action is needed to influence global oil prices, the RIA news agency on Monday quoted Zamir Kabulov, a senior official at Russia's Foreign Ministry, as saying.

SINGAPORE, Feb 15 (Reuters) - After grappling with a sliding currency and a slowing economy, Malaysian policy makers may have to cope with heightened risks from April - the departure of the country's respected central bank governor and a further slump in the price of gas exports.

LAUNCESTON, Australia, Feb 15 (Reuters) - - "We don't run our business on hope, we run it with foresight and focus." These are Rio Tinto Chief Executive Sam Walsh's words, but he's only half right.

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