• SN 70 CFR India price remained status quo as compared to previous month price.
• SN 500 FOB USA current price reported at USD 940 – 955 PMT in December 2013.
• BS 150 CFR India price decreased by USD 5 PMT in December 2013 as compared to previous month price.
• CFR Base Oil India current prices reported in the range of USD 935? 950 PMT in December 2013.
• DNV GL Oil & Gas gets new MENA and India director.
• BreitBurn Energy Partners L.P. announces acquisition of additional Permian Basin interests and properties for approximately $282 million.
• Technip and BP extend their successful purified terephthalic acid alliance.
• Quantum awarded $3.2 million in additional natural gas storage and fuel system agreements for diesel to natural gas conversion program.

• Pakistan has expressed its interest in oil and gas exploration in the seas of Sri Lanka. At present Cairn Lanka, a subsidiary of Cairn India, is engaged in oil exploration work in the Mannar basin at the moment.
• Pakistan Petroleum Expects Record Profit This Year on Gas.
• OMV to boost Pakistan gas production in 2014.
• Annual growth of 12% in sugar sector observed.
• Pakistan Declines in the price of sugar due to increase in cane production.

• North Sea’s Orca field begins gas production – RWE Dea UK has announced start of production from the Southern North Sea gas field Orca. The operator is GDF Suez E&P Nederland B.V., with RWE Dea as partner.
• Fastnet and SK in Morocco offshore farm-out – UK-headquartered independent explorer Fastnet Oil & Gas has entered into a farm-out agreement with South Korean company SK Innovation for an offshore Morocco concession area.
• GDF Suez wins 5 Southern North Sea licenses – The UK has awarded five further Southern North Sea licenses to GDF Suez Exploration and Production (E&P) UK as part of its 27th offshore oil and gas licensing round.
• Europe’s refineries are in need o f a quick fix.
• Base Oil Group I prices in Europe are showing signs of weakening due to end of year account and enough inventories.
• Bright Stock FOB Europe Base Oil price remained steady in December 2013 as compared to previous month price.

• Shell Canada & Caterpillar sign agreement exploring LNG fuelling options for mining trucks.
• Wood Group Mustang Canada awarded topsides detailed engineering for White Rose Extension Project wellhead platform.
• Statoil awarded Greenland licence.
• Progress Energy Canada and Pacific NorthWest LNG welcome second LNG investment.
• Talisman Energy and Ecopetrol Declare Commerciality of the Akacias Field in Colombia
• Gran Tierra Energy announces initial well results in Colombia and production update.
• Scientists to unveil groundbreaking analysis on production potential Of Monterey Shale
• FortisBC receives approval for adjustments to natural gas and propane rates

• US$5bn Texas LNG terminal expansion to go ahead – CB&I and joint venture Zachry Industrial, Inc. has been awarded two contracts, each valued at approximately US$2.5 billion for a two-train liquefaction project in Freeport, Texas.
• Sasol to build first GTL plant of its kind in the US.
• Calumet acquires US lubricants company Bel-Ray.
• Shell backs out of US Gulf coast GTL project.
• TOBS/SN 70 Base Oil FOB USA price down in December 2013.
• U.S. domest ic base oil market remains slack.
• Kluber Lubrication specialty lubricants have been recognised for meeting environmental standards set by the U.S. EPA.

• Egypt and Saudi Arabia to tender power network deal – Cross-border line will have capacity to transport 3,000MW a day.
• Egypt seeks bids for new housing project – A total of 2,453 housing units to be built in Hurghada in Egypt.
• Egypt hits highest rate of inflation in four years – Consumer prices rose 13 per cent year-on-year in November.

• Bids for Iraq Jordan pipeline due in May – Oil Ministry sets out schedule for estimated $7bn crude oil export pipeline.
• SNC Lavalin award engineering contract on Iraq export pipeline – Canadian group to handle front-end engineering and design on 680-kilometre Basra-Haditha scheme.
• Iraq invites interest in water plant consultancy deal – Project involves completing a partly-built water treatment plant.
• Foster Wheeler joint venture wins Iraq engineering deal – Shell awarded design deal to Kentz Overseas and Foster Wheeler.
• Mott MacDonald wins Halfaya oilfield service contract – Mott MacDonald oil & gas has been awarded a US$9.5 million contract by CPE (China Petroleum Engineering) to provide technical support services for Phase 2 and 3 of the Halfaya oilfield in Iraq.
• Oryx makes promising north Kurdistan discovery.

• Bahrain invites firms to prequalify for wastewater project – Work will involve building sewage treatment plant and sea outfall project.
• Bids submitted for Bahrain refinery design and licences – Chevron Lummus Global and Axens bid for Sitra refinery expansion deal in Bahrain.
• Bahrain Bay to float tender for JW Marriott soon – Construction contract for 50-storey hotel to be tendered in 4-8 weeks.
• Bahrain invites prequalification for Tubli sewage plant expansion – Sewage treatment plant project is being funded by governments of Kuwait and Saudi Arabia.
• Deadline extended for Bahrain public transport operator tender – Role involves managing public bus network.

• Majid al-Futtaim to build $467m shopping mall in Oman – New mall to be the largest in the sultanate.
• CGG renews PDO contract to provide seismic services – Geosciences Company CGG announced that it has been awarded a further contract by Petroleum Development Oman (PDO) to provide seismic imaging services at its dedicated center in Muscat, Oman.
• BP finally signs $16 billion Khazzan field deal in Oman –
• BP and Oman reach final agreement on Khazzan tight gas development – BP and the Omani government have finally signed a gas sales and 30-year gas production sharing agreement for the US$16 billion development of the Khazzan field in Oman.
• Total wins major offshore block in Oman – Total has signed an Exploration and Production Sharing Agreement for offshore Block 41 with Oman. The awarded follows the exploration round launched by the Omani government in November 2012.
• Oman Oil concludes Oxea acquisition deal.

• Qatar invites companies to prequalify for interchange contract – Work will involve upgrading 10 interchanges
• Qatar invites bids for sewerage contract – Work will involve building new pumping station and interceptor sewers in Doha.
• Larsen & Toubro win Qatar electricity contract – Contract is part of Kahramaa’s phase 11 transmissions and distribution programme.
• QInvest advises on $3.5bn-worth of sukuk.
• Algeria committed to developing $3.2bn steel plant – Minister of industrial development says steel plant at Jijel will be done “with or without” Qatari involvement.
• Qatar invites bids for operation of sewage infrastructure.
• Qatar launches new bridges project – Work on Sharq Crossing to be completed prior to 2022 World Cup.
• New deal signal’s Qatar’s latest downstream venture – Qatar Petroleum, Zeon Corporation and Mitsui & Co. Ltd. of Japan have signed a MoU to develop an integrated butadiene extraction and elastomer complex in Ras Laffan Industrial City, Qatar.