Energy Update

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DUBAI, July 22 (Reuters) - Iran will not accept any attempt to extend sanctions relating to its nuclear programme beyond 10 years, the Islamic Republic's senior nuclear negotiator, Abbas Araqchi, said on Wednesday.

(Wed, 22 Jul 2015) The second quarter of 2015 exhibited the largest amount of oil companies' merger and acquisition (M&A) activity by value since fourth-quarter 2012. The announced merger between Royal Dutch Shell and BG Group in early April accounted for $84 billion of the $115 billion quarterly total.

* Emerging market funds underweight Asia despite outperformance

SYDNEY, July 22 (Reuters) - Australia's South32 said on Wednesday it missed June quarter nickel production guidance due to labour unrest at its Cerro Matoso mine in Colombia and a drop in ore grades.

SYDNEY, July 22 (Reuters) - India's Adani Mining has suspended two major contractors on its A$10 billion ($7.4 billion) Carmichael coal project in Australia, the Sydney Morning Herald reported on Wednesday, raising fresh doubts about the project's future.

SYDNEY/WELLINGTON, July 22 (Reuters) - Australian shares ran out of puff on Wednesday, ending a 6-day winning streak, with investors content to take profits on recent major moves.

* Says will take up to $650 million writedown in copper (Adds iron ore production figures, prices copper impairment)

France-based Global Bioenergies has developed an isobutene production process that utilizes sucrose as feedstock.

China-based Ningxia Baota Chemical Fiber has selected Honeywell UOP's technologies and equipment for the construction of petrochemical complex in the Yinchuan City, Ningxia.

July 21 (Reuters) - Chesapeake Energy Corp, the second-largest U.S.

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