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Europe and UK Oil and Gas Market Update Nov, 2013

• OMV Acquires Shares in North Sea from Statoil.
• tatoil, OMV Complete NCS, West Of Shetlands Deal.
• Suncor, Shell to Expand Oil-Sands Production in Canada.
• Gazprom Launched Pipeline Construction in Bulgaria.
• Statoil to drill on new North Sea license.
• Nabors agrees to sell Alaska oil service firm – One of the world’s largest land rig operators, Nabors Industries announced that Bristol Bay Native Corporation (BBNC) has signed a definitive agreement with Nabors Alaska Services Corp. to acquire a 100 per cent ownership interest in Peak Oilfield Service Company LLC.
• Bongkot North Phase 3K development starts offshore Thailand

Europe and UK Oil and Gas Market Update Oct 2013

Oil and Gas Market Update for covering entire month of September 2013

  • European FOB Export prices for Group I firmes up.
  • Base Oil Group II prices in Europe domestic market firms up.
  • Across Europe’s oil and gas industry, 2012 was a busy year with a large oil discovery offshore
    Ireland, strikes in Norway, the lifting of drilling bans in Italy and the UK and the resolution of the TNK‐BP
    saga. Major discoveries in the North Sea were rather thin on the ground in 2012, particularly when
    compared to the previous year’s Johan Sverdrup discovery of up to 3.3 billion barrels of oil. In July,
    Statoil made a gas/condensate discovery at its King Lear prospect in the Norwegian North Sea
    amounting to between 70 and 200 million barrels of oil equivalent, while Total announced at the start of
    December that it had found up to 75 million barrels of oil at its Garantiana prospect.