Energy Update
May 20 (Reuters) - BHP Billiton Plc will pay $25 million to settle charges that it violated a U.S. anti-bribery law by failing to properly monitor a program under which it paid for dozens of foreign government officials to attend the 2008 Summer Olympics in Beijing.
ULAN BATOR, May 21 (Reuters) - Cash-strapped Mongolia's deal to expand the $6.5 billion Oyu Tolgoi mine is a big step towards stabilising its economy, but as it waits for the investment boost to feed through it is leaning on once-feared China to help shore up its finances.
Pipeline maintenance and an uptick in gas-fired power generation are supporting price movements in North American spot and forwards natural gas markets.
GOLETA, Calif., May 20 (Reuters) - Cleanup crews fanned out on Wednesday across an oil-fouled California beach near Santa Barbara to begin the painstaking process of scouring sand and rocks of petroleum spilled from a ruptured pipeline and to curb the spread of contamination.
May 20 (Reuters) - U.S.
May 20 (Reuters) - General Electric Co's chief on Wednesday gave a faster timeline for the U.S. conglomerate's massive finance asset sale as he more than doubled a target for benefits from its purchase of Alstom's power equipment business.
NEW YORK, May 20 (Reuters) - U.S. motorists drove a record number of miles in March, continuing a surprising road renaissance that has now spanned more than a year, newly released U.S.
PARIS, May 20 (Reuters) - The low price of carbon is an indication that the market does not believe European Union politicians will take the necessary measures to fix the carbon market, the chief executive of German utility RWE said on Wednesday.
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