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UPDATE 2-GE to defend Alstom power unit buy at EU hearing

BRUSSELS, June 27 (Reuters) - General Electric will seek to convince doubtful EU antitrust regulators of the merits of its 12.4 billion euro (US$13.9 billion) bid for Alstom's power unit at a hearing, the U.S.

UPDATE 1-Exxon Beaumont, Texas, refinery workers approve 6-year labor pact

HOUSTON, June 26 (Reuters) - Union workers at Exxon Mobil Corp's Beaumont, Texas, refinery agreed to an unusually long six-year contract on Thursday night, which sources say the company pushed to assure no work stoppages during a contemplated multibillion-dollar expansion.

UPDATE 2-Alberta says oil, gas royalty review to be done by year-end

CALGARY, Alberta, June 26 (Reuters) - A review of royalties paid by Alberta's oil and gas industry will be finished by year-end, the government of Canada's largest oil-producing province said Friday, making good on an election promise to reassess how fairly resource revenues are divided up.

U.S. proposes 6 rival South Sudan leaders for first UN sanctions

UNITED NATIONS, June 26 (Reuters) - The United States has proposed six rival commanders from South Sudan be the first people blacklisted by the United Nations Security Council for threatening the peace and stability of the world's newest state.

UPDATE 2-Nigerian president dissolves state oil company board

* President Buhari still to name cabinet (Adds comment from NNPC, analyst)

UPDATE 1-Lone Star asks Penn Virginia to consider "all credible proposals"

June 26 (Reuters) - Penn Virginia Corp shareholder Lone Star Value Management LLC asked the U.S. oil and gas producer to consider strategic alternatives to explore "all credible proposals".

Lone Star asks Penn Virginia to consider strategic alternatives

June 26 (Reuters) - Penn Virginia Corp shareholder, Lone Star Value Management LLC, asked the oil and gas producer to consider strategic alternatives to explore "all credible proposals."

Brazil probe pits investigators against long-protected elite

CURITIBA, Brazil, June 26 (Reuters) - In a nation where the elite have enjoyed relative impunity, a new generation of police and prosecutors in Brazil are bent on using the country's largest-ever corruption investigation to send the message that no one is above the law.

UPDATE 1-U.S. weekly oil rig count decline slows - Baker Hughes

June 26 (Reuters) - Energy firms pulled three rigs from U.S.

U.S. weekly oil rig count decline slows - Baker Hughes

June 26 (Reuters) - Energy firms pulled three rigs from U.S. oil fields this week, the smallest drop in five weeks, data showed on Friday, a sign the collapse in drilling is coming to an end as crude prices recovered after falling 60 percent from last June to March.

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