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With crude at $50, oil firms fear deeper crisis than in 1980s

LONDON, Aug 5 (Reuters) - After slashing spending by $180 billion to deal with one of the worst industry downturns in decades, oil companies are still bleeding cash and slipping further into debt to maintain dividends to shareholders.

UPDATE 1-Freeport-McMoRan cuts capital budget for oil, gas operations

Aug 5 (Reuters) - Diversified U.S.

Libya to get electricity from Egypt, Tunisia to ease blackouts -Tripoli govt

TRIPOLI, Aug 5 (Reuters) - Libya will import electricity from Egypt and Tunisia and rent generators as it struggles with power outages that have plunged its main cities into darkness, the Tripoli-based prime minister said.

Freeport-McMoRan cuts capital budget for oil, gas operations

Aug 5 (Reuters) - Miner Freeport-McMoRan Inc said it would cut its budget for oil and gas operations due to weak prices and defer investments in several long-term projects.

UPDATE 1-New rigs help Rowan beat profit estimates

Aug 5 (Reuters) - Rowan Cos Plc reported a higher-than-expected quarterly profit as the driller retained customers by deploying new ultra-deepwater rigs and lowering prices.

UPDATE 1-HollyFrontier profit beats estimates on higher margins

Aug 5 (Reuters) - U.S.

UPDATE 1-Chesapeake Energy posts loss on $5 bln impairment charge

Aug 5 (Reuters) - U.S. natural gas producer Chesapeake Energy Corp reported a quarterly loss, compared with a year-earlier profit, as it took a $5 billion charge on some oil and gas assets.

Driller Rowan's quarterly profit more than doubles

Aug 5 (Reuters) - Rowan Cos Plc's quarterly profit more than doubled as the driller cut costs and ensured continued demand by deploying ultra-deepwater rigs and lowering prices.

HollyFrontier profit doubles on higher margins

Aug 5 (Reuters) - U.S. refiner HollyFrontier Corp's quarterly profit more than doubled, helped by a rise in refining margins due to lower crude prices.

Chesapeake Energy posts loss on $5 bln impairment charge

Aug 5 (Reuters) - U.S.

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