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UPDATE 1-Barometer of shale oil industry's health warns agony to get worse

HOUSTON, Feb 3 (Reuters) - The latest blow to the energy industry's collective psyche has been inflicted by National Oilwell Varco Inc, with the giant oilfield equipment maker warning the pace of drilling and fracking will only slow further as 2016 drags on.

UPDATE 1-Australia's AGL says to exit gas unit

SYDNEY, Feb 4 (Reuters) - AGL Energy Ltd, Australia's second-largest energy retailer, said it will sell its gas exploration and production assets because of volatile markets, ending a decade-long attempt to diversify and resulting in a loss of nearly $460 million.

Oilfield services provider Weatherford to cut 6,000 jobs

Feb 3 (Reuters) - Weatherford International Plc said it would cut about 6,000 jobs in the first half of 2016 as a steep drop in oil prices hurts drilling and exploration activity.

Rig contractor Noble Corp reports smaller quarterly loss

Feb 3 (Reuters) - Noble Corp Plc reported a smaller quarterly loss, helped by a payment related to the termination of a rig contract.<

European Commission extends Halliburton-Baker Hughes deal review

Feb 3 (Reuters) - Oilfield services provider Baker Hughes Inc said the European Commission had extended the review of its merger with Halliburton Co by 20 working days.

COLUMN-Is it time for the United States to dump Saudi Arabia?

Feb 3 (Reuters) - After the recent execution of Shi'ite cleric Nimr al-Nimr by Saudi Arabia, the Middle East once again risks devolving into sectarian chaos.

U.S. House lawmakers propose $1 bln in aid for struggling coal country

WASHINGTON, Feb 3 (Reuters) - The chair of the House of Representatives appropriations committee introduced a bill on Wednesday that would channel $1 billion to revitalize battered coal-producing communities.

COLUMN-The one thing in Saudi Arabia that works well is under threat

Feb 3 (Reuters) - Ask almost any Saudi citizen which institution works best in his country and the answer will be Saudi Aramco, the state-owned oil giant.

Barometer of shale oil industry's health warns agony to get worse

HOUSTON, Feb 3 (Reuters) - The latest blow to the energy industry's collective psyche has been inflicted by National Oilwell Varco Inc, with the giant oilfield equipment maker warning the pace of drilling and fracking will only slow more as 2016 drags on.

North America Solar and Wind Power Installed Capacity Already Growing in 2016

The 150-MW EDF Renewables Slate Creek Wind Farm in Kansas and the 150-MW Pattern Operations Fowler Ridge IV Wind Farm in Indiana are tied for the largest renewable energy projects that went online in January 2016.  Seven other solar and wind projects went live in North America in January for a total of 747 MW of installed renewable energy capacity. The largest solar project that went online last month was SunPower’s Quinto Solar Project in California.

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