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* BHP cuts its oil and gas price assumptions (Adds CEO comments, details)

WASHINGTON, Jan 14 (Reuters) - Lockheed Martin is committed to the commercial helicopter market despite shrinkage in the sector due to the slide in oil prices since it took over Sikorsky Aircraft from United Technologies Corp last year, a senior executive told Reuters on Thursday.

WASHINGTON, Jan 14 (Reuters) - Lockheed Martin is committed to the commercial helicopter market despite shrinkage in the sector due to the slide in oil prices since it took over Sikorsky Aircraft from United Technologies Corp last year, a senior executive told Reuters on Thursday.

BUENOS AIRES, Jan 14 (Reuters) - State-run energy firm YPF said on Thursday it had signed a preliminary deal worth more than $500 million over three years with American Energy Partners LP (AEP) to explore for shale gas in Argentina's vast Vaca Muerta formation.

BUENOS AIRES, Jan 14 (Reuters) - State-run energy firm YPF said on Thursday it had signed a preliminary deal worth more than $500 million over three years with American Energy Partners LP (AEP) to explore for shale gas in Argentina's vast Vaca Muerta formation.

MELBOURNE, Jan 15 (Reuters) - Top global miner BHP Billiton said on Friday it would book a $4.9 billion post-tax writedown on the value of its U.S. shale assets reflecting the sharp slump in oil and gas prices, volatility and a bleak near-term outlook.

WASHINGTON, Jan 14 (Reuters) - The Obama administration is preparing to announce as soon as Friday an overhaul of how the nation manages coal development on federal land, according to government and conservationist sources, in a further move to confront climate change.

Jan 14 (Reuters) - Warren Buffett is expanding his bet on the oil industry, slowly adding to his already large stake in oil refiner Phillips 66 even as crude oil prices have sunk to a 12-year low.

Jan 14 (Reuters) - A rally in battered energy shares led U.S.

* India likely to cut FY2017 divestment proceed target - sources

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