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Natural gas prices expected to rise over next two years

(Mon, 25 Jan 2016) The average natural gas spot price at the benchmark Henry Hub for December 2015 of $1.93 per MMBtu was the lowest monthly average since March 1999. EIA's latest <em>Short-Term Energy Outlook</em> expects natural gas prices to rise, averaging $2.65/MMBtu in 2016 and $3.22/MMBtu in 2017. Expected price increases reflect consumption growth, mainly from the industrial sector, that outpaces near-term production growth.

China's first IPO under new rules more than 4,000 times oversubscribed

SHANGHAI, Jan 25 (Reuters) - China's first initial public offering under rules introduced on Jan. 1 that make listings easier was oversubscribed more than 4,000 times, showing Chinese investors remain hungry for IPOs despite recent market gyrations over growing economic concerns.

Samarco sensors gave warnings well before Brazil damburst -Globo

RIO DE JANEIRO, Jan 24 (Reuters) - Brazilian iron ore miner Samarco Mineração SA received serious danger warnings from ground sensors in 2014 and 2015, months before a deadly and environmentally destructive burst of a tailings dam, Globo TV's Fantastico newsmagazine said on Sunday.

Australia shares hit 10-day top, New Zealand shares edge high

SYDNEY/WELLINGTON, SYDNEY, Jan 25 (Reuters) - Australian shares rose more than 1 percent on Monday as a rally in oil markets pushed the index to a 10-day high.

Iran agrees to supply crude oil to Greece’s Hellenic Petroleum as sanctions end

The National Iranian Oil Company of Iran has signed an agreement to supply oil to Greece’s main oil refiner, Hellenic Petroleum, after lifting sanctions.

Subsea Engineering to support development of Baltic gas project in Poland

Subsea Engineering Associates (Sea) has received a contract to provide detailed design, procurement and construction management for the Baltic Gas project located in the Polish sector of the Baltic Sea.

FMC Technologies wins subsea systems contract on Australian project

FMC Technologies has signed an agreement with Woodside for the design, manufacture and supply of subsea production systems for the Greater Western Flank Phase 2 (GWF-2) Project as part of the North West Shelf (NWS) Project in Western Australia.

Average U.S. gas price drops 14 cents in two weeks -Lundberg

NEW YORK, Jan 24 (Reuters) - The average price of a gallon of gasoline in the United States fell 14 cents in the past two weeks to its lowest level in seven years, according to a Lundberg survey released on Sunday.

Canadian companies' profits hurt by oil price rout

TORONTO, Jan 24 (Reuters) - The oil price rout and related Canadian dollar slide that is ravaging the country's economy is starting to take its toll on corporate profits, from rail and retail to seemingly unrelated sectors like telecoms.

Fires put out at major Libyan oil terminal

BENGHAZI, Libya, Jan 24 (Reuters) - Firefighters have put out fires started by an attack by Islamic State militants at the major Libyan oil terminal of Ras Lanuf, a spokesman for guards at the terminal said on Sunday.

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