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Statoil and its partners have started first gas recovery through cost effective wet gas compression process from their Gullfaks gas field in the North Sea.

LAGOS, Oct 12 (Reuters) - Nigerian President Muhammadu Buhari has submitted a second list of candidates for his cabinet to the upper house of parliament for approval, Senate President Bukola Saraki said on his Twitter feed on Monday.

* Withdrawal in line with peace deal for government, rebels (Adds Ugandan and South Sudan officials, rebels background)

* Source says Saudis to continue backing anti-Assad forces (Adds Iran, quote, background)

RIYADH/KHOBAR, Saudi Arabia, Oct 12 (Reuters) - Saudi Arabia's finance ministry, seeking to cut waste as state revenues shrink because of low oil prices, is telling government bodies to return unspent money which they were allocated in this year's budget, sources familiar with the policy told Reuters.

In The Netherlands, Boskalis, Wärtsilä, and GoodFuels Marine revealed a partnership to pioneer the development of sustainable “drop in” marine biofuels for the shipping industry.

The U.K. led the G20 last year in reducing the carbon intensity of its economy, a key measure of success in the battle against climate change.

Oct 12 (Reuters) - U.S. refiner Phillips 66 announced a capital budget of $3.6 billion for 2016 and raised its share buyback plan by $2 billion.

DUBAI, Oct 12 (Reuters) - Russia's military intervention in Syria will have dangerous consequences, escalate the war there and inspire militants from around the world to participate, Saudi Arabian leaders told their Russian counterparts on Sunday, a Saudi source said.

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