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UPDATE 1-Santos puts itself on the block, stock falls to 12-year low

* Half-year profit dives 88 percent, misses forecasts (Recasts with strategic review, CEO succession)

Santos half-year profit slides well below forecasts

MELBOURNE, Aug 21 (Reuters) - Australia's Santos Ltd said it expects to start producing at its flagship $18.5 billion Gladstone liquefied natural gas project around late September, as it reported a worse than expected 88 percent drop in half-year profit.<

UPDATE 2-Brazil's lower house speaker Cunha charged in corruption probe

BRASILIA, Aug 20 (Reuters) - The speaker of Brazil's lower house of Congress was charged by prosecutors with corruption and money laundering on Thursday, becoming the first sitting politician to be charged in a burgeoning kickback and bribery scandal.

RPT-COLUMN-US oil imports rise as contango encourages storage: Kemp

LONDON, Aug 20 (Reuters) - U.S. crude imports topped 8 million barrels per day (bpd) last week for only the second time this year, spurring an unexpected rise in stockpiles and sending U.S.

Chinese trading rivalry ruffles Asian oil markets

BEIJING/SINGAPORE, Aug 21 (Reuters) - An intensifying rivalry between China's two top oil traders Chinaoil and Unipec is whipsawing Asia's oil market, pitting the state-owned firms against each other in a battle for control of the region's crude benchmark.

Seattle City Light evacuates 711-MW Skagit hydropower project amidst wildfire

Safety concerns raised by wildfires have forced utility Seattle City Light to evacuate employees from the town of Diablo, the nearby 711-MW Skagit hydropower complex and the North Cascades Institute's Environmental Learning Center.

UPDATE 1-With gasoline under $3/gln, U.S. drivers logged record miles in June

NEW YORK, Aug 20 (Reuters) - Americans drove more miles this June than ever before, data showed on Thursday, highlighting the surprisingly rapid pickup in driving activity that is pushing gasoline use toward a new record.

UPDATE 1-July was hottest month recorded worldwide -U.S. scientists

WASHINGTON, Aug 20 (Reuters) - July was the warmest month ever on record worldwide and 2015 has been so far the hottest year, the U.S.

Former Ford Europe COO in U.S.-Chinese electric car project

FRANKFURT, Aug 20 (Reuters) - Martin Leach, the former Chief Operating Officer at Ford Europe, is recruiting staff for a new electric car manufacturer based mainly in China and California, the executive told Reuters on Thursday.

Germany and Brazil join forces on climate change action

BRASILIA, Aug 20 (Reuters) - Germany and Brazil committed on Thursday to a joint stance on climate change, a move that puts the largest economies in Europe and Latin America on the same page ahead of global climate talks in Paris in December.

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