Energy Update

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LONDON, July 29 (Reuters) - Middle distillates remain the
one ray of hope for U.S. oil refiners still struggling to clear
a glut of gasoline caused by over-production earlier in the
year.

July 29(Reuters) - Imperial Oil Ltd, Canada's No.2
integrated oil producer and refiner, reported a quarterly loss
due to the impact of wildfires in Fort McMurray, Alberta.

HOUSTON, July 29 (Reuters) - Exxon Mobil Corp, the
world's largest publicly traded oil producer, said on Friday its
quarterly profit tumbled 59 percent due to the slump in crude
prices.

Hydropower has been around for more than a century, and is currently the nation's largest source of clean, domestic, renewable electricity. What could its role look like in the year 2050?

* Statoil aims to offset declining output from mature fields

(Adds Statoil interview, analyst, Petrobras statement,
background)

July 29 (Reuters) - Enbridge Inc , Canada's
largest pipeline company, reported a slightly
lower-than-expected profit as the company's liquids pipeline
business was hit by a massive wildfire in Fort McMurray,
Alberta.

July 29 (Reuters) - Phillips 66's quarterly profit
halved as an oversupply of gasoline and diesel hurt its refining
margins.

July 29 (Reuters) - Enbridge Inc , Canada's
largest pipeline company, reported a 47.8 percent fall in
quarterly profit as the company's liquids pipeline business was
hit by a massive wildfire in Fort McMurray, Alberta.

July 29 (Reuters) - U.S. refiner Phillips 66's
quarterly profit more than halved as earnings from its refining
business were compressed by record supplies of gasoline and
diesel.

* Singapore private bank clients are major holders of corp
debt

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