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Oil and Gas News Europe UK September 2013

• Base Oil SN 500 FOB Europe prices surge up by USD 85 PMT since January 2013 price.
• Britain’s gas imports hit 1 trillion cubic feet in the first half of this year – the highest level on record – as North Sea production dwindled and cold weather boosted demand.
• UK-based Premier Oil awarded a contract to Island Offshore and North Sea RLWI Alliance, for a new LWI service on the UK continental.
• Trade body Oil and Gas UK says there is record investment this year of £13.5bn. But its annual report on the industry’s economic impact highlights the sharp fall in output of 19% during 2011 and 14% in 2012.