June 20, 2017

From the Pittsburg Business Times It’s still business as usual — separately — between EQT Corp. and Rice Energy Inc. for the next several months while executives work on the details of t he $6.7 billion pending purchase of Rice that was announced Monday. EQT (NYSE: EQT) is working to get the deal approved by regulators and shareholders, and with Rice (NYSE: RICE)

From Reuters: Russian President Vladimir Putin has asked Igor Sechin, the head of Russia’s largest oil producer Rosneft, to consider the possibility of paying 50 percent of net income in dividends, according to the meeting transcripts published by the Kremlin. A Rosneft spokesman said the proposal was “for the future” and the company would not hike the payout immediately. “We

From Reuters: Italian oil major Eni signed an agreement with Iran on Tuesday for feasibility studies to develop an oil field and a gas field, signaling a possible return to Iran’s upstream sector. The Iranian oil ministry’s official website SHANA reported Eni had signed a Memorandum of Understanding with the National Iranian Oil Company (NIOC) for studies on the Kish

From Reuters: India on Tuesday said it would sign future long-term liquefied natural gas (LNG) purchase deals with Qatar if only Doha agrees to acquire stakes in the South Asian nation’s power plants, oil minister Dharmendra Pradhan said. India is the latest major LNG buyer to seek concessions from Qatar, the world’s biggest LNG exporter, in order to re-sign long-term

From the Pittsburgh Business Times The word of the day in Beaver County is “safety.” At least that seems to be the case according to Shell Chemicals Project Director Anca Rusu, speaking publicly about the cracker plant, which Royal Dutch Shell is building in Beaver County, at the Northeast U.S. Petrochemical Construction Conference at Station Square. “Unless we are safe

From Bloomberg: Deals in the shale patch aren’t so hot anymore with oil in the doldrums. Mergers and acquisitions among U.S. exploration and production companies fell to less than $15 billion in the second quarter from about $23 billion in the first, according to estimates from Bloomberg Intelligence. The number of deals plunged to the lowest since early 2015. In the