Energy Update

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WASHINGTON, Jan 21 (Reuters) - The Obama administration is expected to propose new rules as soon as Friday to curb methane leaks from oil and natural gas production, its latest attempt to reduce greenhouse gas emissions from energy production under its control, sources familiar with the plan said.

MELBOURNE, Jan 22 (Reuters) - Australia's Santos Ltd , with its shares at 23-year lows, is looking for more ways to reduce costs to help weather the slump in oil prices after cutting capital spending more than expected in 2015, the company said on Friday.

Jan 21 (Reuters) - Honda Motor Co said on Thursday it will start selling its new hydrogen fuel cell vehicle in California by year's end.

* Shares up nearly 2 pct in extended trading (Adds details from statement, background)

NEW DELHI, Jan 22 (Reuters) - Indian Prime Minister Narendra Modi may look to press the reset button on his leadership this spring to reinvigorate stalled economic reforms and appease critics, eyeing a mix of tried and tested allies and fresh blood, senior government sources said.

* Half of TSX's 10 main groups rise; 3 gainers for every faller

Jan 21 (Reuters) - Schlumberger Ltd, the world's No.1 oilfield services provider, reported its first quarterly net loss in 12 years as it recorded more than $2 billion in restructuring and asset impairment charges.

CARACAS, Jan 21 (Reuters) - Venezuela Oil Minister Eulogio del Pino called on Thursday for OPEC and non-OPEC producers to meet in February to discuss bolstering low oil prices that have hammered the recession-hit South American nation's finances.

RIO DE JANEIRO, Jan 21 (Reuters) - Brazil's Vale SA said on Thursday a court ordered the temporary suspension of activities at its Port of Tubarão, halting the world's largest iron ore exporter's ability to ship more than a third of its output because of environmental concerns.

PARIS, Jan 21 (Reuters) - The French wind industry expects strong growth in 2016 due to deregulation but a long-awaited third tender for offshore wind turbines may not happen before year end, an industry group said.

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