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UPDATE 1-Norway's oil investment forecasts cut, further drop expected

OSLO, Aug 25 (Reuters) - Oil companies have cut their expectations for investments in Norway in recent months, fresh data showed on Tuesday, and economists said they are likely to continue scaling back ambitions as the price of crude continues to fall.

UPDATE 1-Tech challenges, severed contracts cloud Hanergy's outlook

* HTF in need of new clients after severing links with parent

UPDATE 2-Antofagasta eyes cost cuts and lower capex as earnings slump

* Shares up 8 pct, rebound from more than 6 year low (Adds details on capex, shares)

UPDATE 1-Iran says will reclaim full oil market share post-sanctions

DUBAI, Aug 25 (Reuters) - Iran will ramp up crude oil production and reclaim its lost share of exports shortly after international sanctions on the OPEC member are lifted, Iran's oil minister Bijan Zanganeh said on Tuesday.

UPDATE 1-Petrofac posts net loss hurt by Shetland Islands project costs

Aug 25 (Reuters) - Petrofac Ltd reported a net loss for the first half, hurt by a steep increase in costs at its Shetland Islands project, and said it still expected net profit for the year to be weighted towards the second half.

Iraqi oil minister says $9 bln in arrears paid to foreign oil companies

BAGHDAD, Aug 25 (Reuters) - Iraq's oil minister said on Tuesday his country had paid foreign oil companies $9 billion in remaining arrears for 2014 and was paying 2015 arrears in stages until the beginning of 2016.

China oil rig to keep drilling in waters disputed with Vietnam

BEIJING, Aug 25 (Reuters) - A Chinese oil rig at the centre of last year's standoff between China and Vietnam will continue drilling not far from Vietnam's coast, China's maritime safety authorities said on Tuesday.

BUZZ-Gulf Marine Services: poised for record one-day gain on robust H1

** Gulf Marine Services up c.13 pct, heading to sharpest intraday gain ever & top gainer on FTSE small caps index

Iran expects new South Pars gas production to start in Oct -Shana

DUBAI, Aug 25 (Reuters) - Iran plans to bring online two new gas operations in October after the OPEC member completes development of another section of the world's largest gas field, its oil minister said on Tuesday.

BHP Billiton profit dives to 10-year low on commodities rout

MELBOURNE, Aug 25 (Reuters) - BHP Billiton reported a 52 percent slump in annual profit on Tuesday to a decade low, gutted by plunging iron ore, copper, coal and oil prices, and said it would cut spending more deeply to shore up dividends.

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