Energy Update

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July 23 (Reuters) - Canadian miner Teck Resources Ltd reported a better-than-expected quarterly profit on Thursday, reflecting higher metals sales and lower costs, but said coal output could need further cutbacks if grim market conditions continue.

DUESSELDORF, July 23 (Reuters) - Germany's coal imports are likely to fall to 53 million tonnes in 2015 from a record high last year of 56.2 million, lobby group VDKi said on Thursday, citing lower demand from power stations and steelmakers.

TORONTO, July 23 (Reuters) - Diversified U.S.

MUMBAI, July 23 (Reuters) - Indian mining and energy group Vedanta Limited said on Thursday its offer to buy out minority investors in Cairn India was fair, dismissing reports that opposition from some small shareholders, including former owner Cairn Energy, could scupper the deal.

TORONTO, July 23 (Reuters) - Diversified U.S.

ALGIERS, July 23 (Reuters) - Algeria's President Abdelaziz Bouteflika on Thursday appointed new trade and agriculture ministers, the second cabinet reshuffle this year, the presidency said, as the OPEC member tries to counter a fall in energy earnings.

July 23 (Reuters) - Two North American land drilling-rig operators - Patterson-UTI Energy Inc and Precision Drilling Corp - issued positive outlooks on Thursday, highlighting the competitive advantage of drillers using newer, high-tech rigs.

PARIS, July 23 (Reuters) - State-backed French naval shipbuilder DCNS is spending at least 1 million euros ($1.1 million) a month to hold on to two Mistral helicopter carriers that were sold to Russia in a deal now being reversed, its chief executive said on Thursday.

* Iran wants "two-way trade" with Europe - minister (Update with more comment, details)

July 23 (Reuters) - Land rig provider Patterson-UTI Energy Inc swung to a quarterly loss as oil and gas producers cut back on drilling amid a steep drop in crude prices.

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