• Lanka in Talks to Take Back Oil Tanks Leased to India.
• Sri Lanka eyes first gas in 2017-18 as talks with Cairn get under way.
• Sri Lanka Oil and Gas Markets Outlook to 2025.
• 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.

• S.Korea’s Nov Iranian oil imports up, but still meet sanctions waiver target.
• Indonesia’s Pertamina, South Korea’s SK to conduct study on asphalt refinery.
• Eni signs mid-term agreement for the sale of LNG to Japan and South Korea.
• South Korea’s STX Corp to sell a stake in affiliate STX Energy to Japan’s Orix Corp.

• Samsung to build $770m Malaysia gas facility – Samsung Engineering has signed a contract in Malaysia for a large-scale gas terminal worth about US$770 million.
• Singapore Imports of Base Oil from USA comprises 21% of its total imports during October 2013.
• Bright Stock Singapore Base Oil FOB price increase by USD 5 PMT in December 2013 as compared to previous month price.
• Base Oil Exports of Thailand comprises 61% to Singapore of its total exports during the period Jan 2013 – October 2013.

• Zhejiang Shell Chemical Industry & Petroleum Co. Ltd, ExxonMobil (Taicang) Petroleum Co.Ltd, imported the most Base oil into China.
• Technip and COOEC form joint venture to address the booming deepwater market in China.
• Far East Energy announces extension of exploration period for Shouyang Block area B and increased gas production.
• Dana Petroleum secures US$1.5 billion credit facility to finance growth.
• Pipes from Khartsyzsk Pipe are used for the Central Asia-China gas pipeline.

• 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.