NORTH AMERICA Fuel Fix Encana to unload natural gas fields for $1.

.8B Encana is planning to unload around 1,500 active wells on a 24,000-acre parcel in the gas-heavy Jonah field, 330 miles northeast of Cheyenne, Wyoming. Energy Future Plan Said to Almost Wipe Out Owners KKR to Goldman - Bloomberg Energy Future is hashing out a proposal that would reduce the amount of time it takes to restructure in Chapter 11 and limit the chaos of a free-for-all filing. Fuel Fix Exxon gasoline terminal reopens after bad batch ExxonMobil has reopened the racks at its Baton Rouge gasoline terminal after it shut the facility down because of problems involving more than 5 million gallons of unleaded regular fuel. LATIN AMERICA Ecuador Mining Project Expected to Begin by September - WSJ.com Ecuadorean state mining company Enami EP and Chilean state-owned counterpart Corporacion Nacional del Cobre, or Codelco, plan to invest about $28 million over five years during the exploration stage. Alcoa to Cut Smelting Capacity in Brazil - WSJ.com Alcoa on Friday said it would cut 147,000 metric tons of its smelting capacity in Brazil, citing "challenging" conditions in the market and cost increases. EUROPE Gazprom raises gas export price as Ukraine looks for cash Russias natural-gas export monopoly raised prices for Ukraine 44 percent after a discount deal expired, heaping financial pressure on the government in Kiev as it negotiates international bailouts. Carlyle Group Sees Buyer's Market in Oil and Gas Infrastructure - WSJ.com Marcel van Poecke, managing director of Carlyle Energy Partners, told the Financial Times Commodities Global Summit here hat major oil companies have put oil fields, ports, refineries and other assets worth more than $300 billion up for sale amid a restructuring of the whole industry. ASIA / PACIFIC BHP Studies Simplifying Assets to Focus on Iron Ore, Coal - Bloomberg BHP Billiton Ltd. (BHP), the worlds biggest mining company, is studying the next step in simplifying its portfolio to focus on iron ore, copper, coal and petroleum after a two-year campaign of global asset sales. Options include spinning off its aluminum, nickel and bauxite assets in a A$20 billion ($19 billion) deal, the Australian Financial Review reported today. AFRICA Glencore Signs Preliminary Mauritania Rail, Port Pact - Bloomberg Glencore Xstrata Plc (GLEN) reached a preliminary agreement with the Mauritanian government to share a port and railway as the company seeks to develop an iron-ore project in the West African nation, the state-run miner said. OMV Enters Exploration Project Offshore Namibia OMV and Murphy Luderitz Oil Co., a subsidiary of the U.S. oil and gas company Murphy Oil Corp. (MUR), acquired a 65% interest in two exploration blocks from the Brazil's Cowan Petroleum. Century of Nigeria to Raise $700 Million for Gas-Power Plant - Businessweek Century Power Generation Ltd., a Nigerian energy company, plans to raise $700 million to finance a 1,500-megawatt power plant, Chief Executive Officer Chukwueloka Umeh said. Nigeria Economy Set to Leapfrog South Africa on Data Revamp - Bloomberg

 The size of the economy may increase by as much as 60 percent to between $384 billion and $424 billion, according to Londonbased Renaissance Capital Ltd., lifting Nigeria ahead of South Africa in the World Banks global rankings. Former BP Chiefs Join Forces to Drill For Oil in Angola - WSJ.com Genel Energy said Thursday that it had bought stakes in two offshore exploration blocks in Angola in a $281 million deal that will reunite two former chief executives of BP PLC Tony Hayward and John Browne.