Energy Update

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BRASILIA, Nov 1 (Reuters) - Brazil's state-run oil company
Petrobras is seeking to stop renting a drillship from
engineering conglomerate Grupo Schahin, in a potential blow to
Schahin's restructuring plan, newspaper Folha de S. Paulo
reported on Tuesday.

BEIJING, Nov 1 (Reuters) - Rescuers searched for 20 missing
coal miners in southwestern China on Tuesday, a day after an
explosion killed at least 13 workers and spread poisonous gas
into parts of the mine.

LONDON, Nov 1 (Reuters) - European shares rose on Tuesday
and were on track to snap a six- session losing streak with
Shell providing the biggest boost to the index following
forecast-beating results.

LONDON, Nov 1 (Reuters) - Britain will boost its cyber
security defences with a 1.9 billion pound ($2.32 billion)
investment due to be announced by Finance Minister Philip
Hammond later on Tuesday, a statement from the Treasury said.

* "Outlook remains uncertain" says CEO van Beurden

(Recasts, adds CEO comment, shares, BP results)

* Q3 underlying replacement cost profit of $933 mln beat
estimates

LAUNCESTON, Australia, Nov 1 (Reuters) - China's imports of
coal from the seaborne market surged again in October, thereby
justifying the jump in prices but also raising questions as to
how much more of the fuel the world's top buyer can suck in.

SYDNEY, Nov 1 (Reuters) - Glencore said on Tuesday
it would restart a coking coal mine in southeastern Australia
that was shuttered more than two years ago, with a resurgence in
prices for the commodity breathing new life into the sector.

LONDON, Nov 1 (Reuters) - Royal Dutch Shell
reported an 18 percent rise in underlying net profit for the
third quarter on Tuesday, beating analysts' forecasts as it
announced next year's capital spending will be at the bottom of
the expected range.

LONDON, Nov 1 (Reuters) - BP reported a near halving
in third-quarter earnings on Tuesday and trimmed 2016 spending
by another $1 billion as weak prices cut into profits yet the
British oil major still beat analysts' estimates.

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