Energy Update

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German energy storage manufacturer sonnen said on Feb. 4 that its sonnenBatterie now is available to residents in Hawaii.

OSLO, Feb 8 (Reuters) - Lithuania will import more gas from Norway than from former sole supplier Russia in 2016 after developing infrastructure to support liquefied natural gas (LNG) imports, the country's energy minister said on Monday.

KATHMANDU, Feb 8 (Reuters) - Nepal's ethnic minority groups lifted a four-month-old blockade along a major trading point with India on Monday, saying it didn't want ordinary people to suffer anymore, but vowed to carry on with its campaign against the new constitution.

MANILA, Feb 8 (Reuters) - Philippine President Benigno Aquino on Monday accepted the resignation of foreign minister Albert del Rosario, who helped spearhead the country's vigorous challenge to China's territorial claims in the South China Sea.

* Contract drilling costs, excluding depreciation, fall 29 pct

What may be great news about winter for wide swaths of America is likely bad news for the price of ferrous scrap.

LAUNCESTON, Australia, Feb 8 (Reuters) - - One of the dominant themes in Asia's oil products markets is the rise of Chinese fuel exports, so much so that the decline in shipments from India barely gets mentioned.

LONDON, Feb 8 (Reuters) - The global economy is being hit by a slowdown in growth, large swings in exchange rates and tumbling commodity prices.

DUBAI, Feb 8 (Reuters) - Iran holds a stake in a refinery project in Malaysia and is considering taking stakes in projects in five other countries, the managing director of the National Iranian Oil Engineering and Construction Company (NIOEC) was quoted as saying on Monday.

Feb 8 (Reuters) - Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, suspended its dividend after swinging to a quarterly loss as it wrote down the value of nine drilling units by nearly half a billion dollars.

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