Energy Update
July 30 (Reuters) - When President Barack Obama made his first presidential visit to Kenya over the weekend, he visited not just his ancestral home, but one of the target countries in his $7 billion signature foreign aid initiative, Power Africa.
HOUSTON, July 30 (Reuters) - The stark reality of a much-feared second dip in crude prices is prompting global oil majors and nimble U.S. shale companies alike to axe spending once again a year after the first price crash started.
WASHINGTON, July 30 (Reuters) - The U.S.
BUENOS AIRES, July 30 (Reuters) - Protests that briefly disrupted production in part of Argentina's main shale oil producing region have ended and operations are back to normal, state-controlled energy firm YPF said on Thursday.
LONDON, July 30 (Reuters) - Britain's top share index rose for a third straight day on Thursday, with energy shares leading the way as oil prices gained and Royal Dutch Shell rallied after it announced jobs and spending cuts.
July 30 (Reuters) - Oil and gas producer Penn Virginia Corp had put itself on the block but received no "credible bids", Chairman Edward Cloues said on Thursday, a day after the company cut its 2015 production forecast.
PARIS, July 30 (Reuters) - French steel pipe-maker Vallourec said its net loss deepened in the second quarter and warned of further deterioration in margins in the second half of the year in the face of falling demand from its oil and gas customers.
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