Energy Update

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* To initially spend $52 mln on GPS tracking, other equipment

Vietnam's primary gas provider PV Gas has selected Honeywell to supply gas processing plant and advanced automation systems to produce liquefied petroleum gas (LPG).

NEW YORK, Jan 12 (Reuters) - Jeffrey Gundlach, the widely followed investor who runs DoubleLine Capital and was prescient in his call for lower oil prices in 2015, said on Tuesday that oil hit a short-term bottom and that stock and credit markets will struggle during the first half of the year.

MIAMI/WASHINGTON, Jan 12 (Reuters) - The U.S.

MONTREAL, Jan 12 (Reuters) - Canadian Finance Minister Bill Morneau said on Tuesday the public is concerned about the economy, but declined to indicate whether the Liberal government will stick to their budget deficit pledge or boost spending.

* Standard Chartered says oil could drop to $10/barrel (Adds settlement prices, includes options information, crude stocks)

HOUSTON, Jan 12 (Reuters) - Hopes for a recovery in oil prices evaporated further on Tuesday as long-dated futures contracts fell even more to show oil will stay stuck below $50 a barrel until 2022.

RIO DE JANEIRO/SAO PAULO Jan 12 (Reuters) - Petróleo Brasileiro SA, Brazil's state-controlled oil producer, on Tuesday slashed its investment budget for the third time in just over six months, to preserve cash to pay debt, the industry's largest.

* Relocation requires support from 24 of 32 team owners (Adds details, background and dateline)

Jan 12 (Reuters) - A committee of National Football League owners has recommended a proposal for a stadium in the Los Angeles suburb of Carson that is backed by the San Diego Chargers, the NFL said Tuesday.

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