Energy Update

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JOHANNESBURG, June 4 (Reuters) - The world's top 40 mining firms cut costs by a combined 5 percent and capital spending by 20 percent last year as they grappled with a plunge in prices that drove their market value to a 10-year low, a report showed on Thursday.

* Blast scene littered with corpses, wreckage (Adds quotes, details, update toll)

VIENNA, June 4 (Reuters) - The U.S. tight-oil boom is here to stay despite low crude prices as technological breakthroughs will allow steep reductions in costs, the head of U.S.

June 4 (Reuters) - Mining equipment maker Joy Global Inc , which gets about 60 percent of its revenue from coal miners, reported a 48 percent fall in quarterly profit as customers cut spending due to weak prices.

* German constitutional court decision to come (Recasts, adds comments from E.ON, EnBW, updates shares)

MOSCOW, June 4 (Reuters) - Russia's second largest gas producer, Novatek, said on Thursday it had signed a long-term contract with Royal Dutch Shell to supply around 0.9 million tonnes of LNG annually for more than 20 years.

* Eni appointed new CEO at Saipem in April to turn it around (Adds company comment, trader, banker, shares)

BAKU, June 4 (Reuters) - Azerbaijan plans to produce 40.7 million tonnes of oil and 30.2 billion cubic metres (bcm) of natural gas in 2015, a senior official at Azeri state energy firm SOCAR said on Thursday.

PARIS, June 4 (Reuters) - Australia's Woodside Petroleum is expanding its liquefied natural gas (LNG) business and aims to build a global supply network ahead of an expected surge in trading of the fuel, its chief executive said in an interview.

By Mai Nguyen HANOI, June 4 (Reuters) - Vietnamese bank shares have outstripped the country's benchmark stock index this year as overseas investors plough into the market ahead of an expected liberalisation of foreign ownership in financial institutions.

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