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Fund managers who called oil debacle say they'll stay away for years

NEW YORK, Jan 25 (Reuters) - A number of mutual fund managers who dumped their shares in energy companies before oil slid to 12-year lows now see themselves avoiding the sector for years to come rather than picking up shares trading at their cheapest levels in years.

Saudi Arabia presents plan to move beyond oil

* Information technology, health care, tourism are priorities

SandRidge retains advisers to explore strategic options

Jan 25 (Reuters) - Oil and gas producer SandRidge Energy Inc , struggling to weather a steep fall in energy prices, said on Monday it had retained advisers to explore strategic options.

White House welcomes Supreme Court ruling on electricity markets rule

WASHINGTON, Jan 25 (Reuters) - The U.S.

UPDATE 1-Italy's Saipem poised to sign Iranian pipeline deal -sources

MILAN, Jan 25 (Reuters) - Saipem is poised to sign a bumper pipeline contract in Iran, sources close to the matter said on Monday, the first day of trading for a 3.5 billion-euro ($3.79 billion) rights issue aimed at keeping the oil services company afloat.

Indian state oil refiners plan 1.2 mln bpd plant on west coast

MUMBAI, Jan 25 (Reuters) - Three Indian state-run oil refiners will jointly build a 60 million tonnes a year, or 1.2 million barrels per day (bpd), refinery on the country's west coast, the federal oil minister said on Monday, adding the investment for the first phase of the refinery could exceed 1 trillion rupees ($14.8 billion).

US Supreme Court Decision: Demand Response Forces Awaken

In a long-awaited decision sure to benefit our wallets and the planet, the U.S. Supreme Court today upheld the Federal Energy Regulatory Commission's (FERC) authority to design rules and incentives for electricity customers to get paid for reducing consumption during periods of high electricity demand. Known as "demand response," it's most often used when energy is expensive and the grid's limits are tested.

Williams Partners cuts 2016 capex by about $1 bln

Jan 25 (Reuters) - Pipeline operator Williams Partners LP , a master limited partnership of Williams Companies Inc , cut its 2016 capital budget by about $1 billion, or by almost a third, to $2 billion.

UPDATE 3-JKX bars two investors from board shake-up decision

Jan 25 (Reuters) - JKX Oil & Gas Plc, whose second-largest investor is seeking a board shake-up, said it had issued notices to two of its top shareholders, restricting them from attending or voting at a general meeting later this week.

Russia's Putin tells government to use its rainy-day funds 'carefully'

STAVROPOL, Russia, Jan 25 (Reuters) - President Vladimir Putin said on Monday that Russia's government should "carefully" use its "rainy day" reserve funds now when low oil and other commodity prices have dented budget revenues.

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