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BP assesses risk of drifting barge to North Sea platform

OSLO, Dec 31 (Reuters) - Oil firm BP is assessing whether a drifting barge is still posing a threat to its installations at the Valhall field in the North Sea, it said on Thursday.

China confirms building second aircraft carrier

BEIJING, Dec 31 (Reuters) - China on Thursday confirmed it is building a second aircraft carrier, as neighbours worry about Beijing's new assertiveness to claims in the South China Sea.

Analysts see 2016 oil price rise, while traders bet on fall

* Many traders bet against analyst forecasts of late 2016 recovery

UPDATE 1-Oil ends 2015 in downbeat mood; hangover to be long, painful

* Crude oil prices lost a third in value in 2015 * Outlook for 2016 remains bleak as oversupply balloons (Adds commodity performance chart, updates prices) By Henning Gloystein SINGAPORE, Dec 31 (Reuters) - Oil prices remained in a downbeat mood during their final Asian-hours trading session of 2015 after record U.S. crude inventories reinforced concerns about a global supply glut that has pulled down prices by a third over the past year.

Oil ends 2015 in downbeat mood, hangover to be long and painful

* Crude oil prices lost a third in value in 2015 * Outlook for 2016 remaions bleak as oversupply balloons By Henning Gloystein SINGAPORE, Dec 31 (Reuters) - Oil prices opened the final trading session of 2015 in a downbeat mood after record U.S. crude inventories reinforced concerns over a global supply glut that has pulled down prices by a third over the past year. Crude inventories in the United States, the world's largest petroleum producer, rose 2.6 million barrels last week

UPDATE 2-One dead, two injured after wave hits N.Sea drilling rig

* Production at field unaffected -Statoil (Adds details throughout )

ABUTEC Aids In Transformation of Manure into Renewable Energy

ABUTEC’s combustion technology is once again paving the way for waste-to-energy projects through its partnership with Roeslein Alternative Energy.

UPDATE 1-One dead, two injured after wave hits N.Sea drilling rig

* Production at field unaffected -Statoil (Adds details throughout)

Staff at N.Sea rig partially evacuated after fatal accident -Statoil

OSLO, Dec 31 (Reuters) - Close to 50 people out of 106 staff were evacuated from a North Sea rig belonging to China's COSL after a wave hit the installation on Wednesday, killing one person and injuring two, oil firm Statoil told Reuters.

U.S. preparing new sanctions over Iran's ballistic missile program -sources

WASHINGTON, Dec 30 (Reuters) - The Obama administration is preparing new sanctions on international companies and individuals over Iran's ballistic missile program, sources familiar with the situation said on Wednesday.

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