Energy Update

In 2015, major energy companies were still trying to navigate a systematic re-orientation of electricity markets. NRG, E.ON, RWE and Enel all amended their corporate structures to address broader changes in the sector.

Jan 28 (Reuters) - Oilfield services provider Baker Hughes Inc, which is being acquired by larger rival Halliburton Inc, said it expected global rig count to decline by as much as 30 percent in 2016, as the slump in oil prices shows no signs of abating.

NICOSIA, Jan 28 (Reuters) - Greece, Israel and Cyprus will explore the possibility of building a natural gas pipeline to Europe, tapping huge gas reserves discovered in the eastern Mediterranean in recent years, leaders of the three countries said on Thursday.

Jan 28 (Reuters) - Caterpillar Inc's quarterly profit beat estimates as the company cut costs in the face of slumping commodity prices that has hit demand for its construction and mining equipment.