Daily News Energy Headlines from July 3, 2017

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

FINANCIAL
GE Oil & Gas Completes Merger with Baker Hughes - General Electric (NYSE:GE) announced on Monday the completion of the previously announced combination of GE's oil and gas business with Baker Hughes. (Business Wire)

Hedge Fund Jana Tries to Stop EQT's Rice Energy Purchase - Activist investor Jana Partners LLC disclosed a 5.8% stake in natural gas producer EQT Corporation (NYSE:EQT) on Monday and urged the company to abandon its $6.7 billion buyout of rival Rice Energy Incorporated (NYSE:RICE). (Reuters)

ENVIRONMENTAL
Court Rules Trump Can't Freeze Methane Regulations - The U.S. Environmental Protection Agency cannot freeze implementing a rule requiring oil and gas companies to fix methane leaks in their equipment, a federal appeals court ruled on Monday in a setback for President Donald Trump's push to cut environmental regulations. (Reuters)

CRUDE OIL
Oil Up on Diminished U.S. Output - Oil rose more than 2% on Monday, resuming its longest stretch of daily gains in more than five years after data pointed to diminished U.S. output, though analysts said news of rising OPEC production could cap gains. (Reuters)

PRODUCTION
Total Signs Natural Gas Agreement with Iran - Iran signed a formal contract with Total SA (NYSE:TOT) to develop its share of the world's biggest natural gas field--the first investment in the country by an international energy company since sanctions were eased last year. (Bloomberg)

Canada Oil Sands Slow to Recover in Low-Price Environment - This Bloomberg article discusses how the Canadian oil sands area around Fort McMurray, Alberta, has been slow to recover from last year's wild fires in today's low-price oil environment. (Bloomberg)

POWER
Renewable Use at High in 2016 - In 2016, the renewable share of energy consumption in the United States was 10.5%. This was the largest renewable share since the 1930s, when overall energy consumption was lower and the amount of biomass consumption (mainly wood) was relatively high. (EIA)

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Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
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