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• UK gas prices rise on undersupplied system Tuesday, 2 Oct 2012 | 5:20 AM ET

  *UK gas system opens 30 mcm/d short. Britain's gas market opened over 30 million cubic metres undersupplied on Tuesday morning, according to data from National Grid. As a result of the undersupplied system and rising demand, gas prices for delivery the next day rose from 58.50 pence per therm on Monday morning to around 61 pence at 0830 GMT on Tuesday.

• Statoil says gas output reduced by 12 mcm/day for one day Tuesday, 2 Oct 2012 | 4:36 AM ET

  OSLO, Oct 2- Statoil said on Tuesday its gas production on the Norwegian continental shelf was reduced by 12 million cubic metres per day due to "decreased availability".

• Kollsnes ramp up delayed once again: Gassco Tuesday, 2 Oct 2012 | 3:14 AM ET

  OSLO, Oct 2- Norway's Kollsnes gas processing plant will return to full production on Wednesday, later than earlier expected, gas system operator Gassco said in a market message on Tuesday.

• UPDATE 2-NORDIC STOCKS - Factors to watch on Oct 2 Tuesday, 2 Oct 2012 | 2:45 AM ET

  HELSINKI, Oct 2- The following stocks may be affected by newspaper reports and other factors on Tuesday:. The Danish pharmaceutical group and its Japanese partner, Takeda Pharmaceutical Co, have submitted an application to the U.S. Food and Drug Administration for approval of its antidepressant, vortioxetine, Lundbeck said on Tuesday.

• UPDATE 1-Statoil calls off Snoehvit expansion in Arctic Tuesday, 2 Oct 2012 | 2:44 AM ET

  OSLO, Oct 2- Statoil called off the long anticipated expansion of its Snoehvit natural gas facility in Norway's Arctic Barents Sea on Tuesday, saying there was not enough gas in place for now. "The license have concluded that the current gas discoveries do not provide a sufficient basis for further capacity expansion," Statoil said in a statement. "

• BRIEF-Noreco raises 300 million crowns in new bond issue Tuesday, 2 Oct 2012 | 2:44 AM ET

  *Reference is made to the stock exchange announcement from Norwegian Energy Company ASA dated 28 September 2012 regarding a contemplated issue of an unsecured bond of NOK 300 million, with maturity date in December 2013.

• BRIEF-Aker Solutions gets Dong Energy contract Tuesday, 2 Oct 2012 | 2:41 AM ET

  OSLO, Oct 2- Aker Solutions. *Aker Solutions will deliver electrical wireline logging services and wireline tractor services at the oil and gas fields where Dong Energy operates on the Danish and Norwegian continental shelves. *Aker Solutions estimates that the contract will generate revenues of approximately NOK 40 million annually.

• BRIEF-Norway's Prosafe gets contract extension for Safe Scandinavia Tuesday, 2 Oct 2012 | 2:38 AM ET

  *BP Norge AS has exercised the second of two one-month options, thereby extending Safe Scandinavia's operations at Valhall until 31 December 2012.

• Russian markets - Factors to Watch on Oct 2 Tuesday, 2 Oct 2012 | 2:22 AM ET

  MOSCOW- The VTB Capital " RUSSIA CALLING!" MOSCOW- Russia's Deputy Agriculture Minister Ilya Shestakov holds a briefing. MOSCOW- Russia's monthly oil output and export and gas output data.

• Statoil halts work on Snoehvit capacity expansion in Arctic Tuesday, 2 Oct 2012 | 2:11 AM ET

  OSLO, Oct 2- Norwegian oil and gas firm Statoil. has decided to stop work on capacity expansion at the plant processing gas from its Snoehvit gas field in the Arctic Barents sea until new discoveries are made, it said on Tuesday.

• UPDATE 1-NORDIC STOCKS - Factors to watch on Oct 2 Tuesday, 2 Oct 2012 | 1:59 AM ET

  The Danish pharmaceutical group and its Japanese partner, Takeda Pharmaceutical Co, have submitted an application to the U.S. Food and Drug Administration for approval of its antidepressant, vortioxetine, Lundbeck said on Tuesday. For more on the company, click on TELIASONERA.

• NORDIC STOCKS - Factors to watch on Oct 2 Tuesday, 2 Oct 2012 | 1:37 AM ET

  The Danish pharmaceutical group and its Japanese partner, Takeda Pharmaceutical Co, have submitted an application to the U.S. Food and Drug Administration for approval of its antidepressant, vortioxetine, Lundbeck said on Tuesday. For more on the company, click on TELIASONERA.

• North Sea Crude-Forties climbs on higher bids Tuesday, 2 Oct 2012 | 12:42 AM ET

  *Forties bid up to dated plus 30 cents. LONDON, Oct 2- North Sea Forties crude differentials drew further support on Tuesday from firmer bids and additional supply glitches to October-loading cargoes. *Total bid for an Oct 25-29 Forties at datd plus 30 cents and also bid for an Oct. 18-24 Forties at dated plus 30 cents.

• Total to start production at Norway's Atla field Monday, 1 Oct 2012 | 10:43 AM ET

  OSLO, Oct 1- France's Total expects to start production at the Atla gas and condensate field in the North Sea this week, a spokesman said on Monday. There are still some issues to be solved at the host platform, "said Total spokesman Leif Harald Halvorsen.

• UPDATE 1-Orkla to cut debt, raise $350 mln from Borregaard sale Monday, 1 Oct 2012 | 9:42 AM ET

  OSLO, Oct 1- Norwegian conglomerate Orkla. expects to raise up to $350 million from floating off its specialist chemicals arm Borregaard and also hopes to cut debt by $175 million, it said on Monday.

• Orkla launches Borregaard IPO to raise up to $350 mln Monday, 1 Oct 2012 | 9:11 AM ET

  OSLO, Oct 1- Norwegian conglomerate Orkla. launched the initial public offering of chemicals arm Borregaard on Monday, aiming to sell 81 million shares to raise between 1.6 billion and 2 billion crowns. In addition Orkla will, following listing, receive approximately 1.0 billion in repayment of debt from Borregaard.

• UPDATE 1-Telenor seals Vimpelcom stake buy despite Russian opposition Monday, 1 Oct 2012 | 8:45 AM ET

  *Telenor lifts stake to 43 pct through option deal. OSLO, Oct 1- Norway's Telenor has completed its purchase of an increased stake in Russia's Vimpelcom in the face of opposition from co-shareholder Altimo and Russia's anti-monopoly watchdog FAS.

• Shell's Nyhamna gas processing plant output reduced by 23 mcm/day Monday, 1 Oct 2012 | 8:42 AM ET

  OSLO, Oct 1- Output from the Royal Dutch Shell- operated Nyhamna gas processing plant was reduced by 23 million cubic metres per day on Monday due to a shutdown at the Easington terminal, the gas system operator Gassco said on its website. The outage started at 1224 GMT was expected to last until Tuesday 1000 GMT, it added on its website.

• NORDIC POWER-Spot edges up on lower wind output Monday, 1 Oct 2012 | 7:14 AM ET

  *Nordic spot price for Tuesday set at 31.76 euros/ MWh. Tuesday's delivery settled 31.76 euros a megawatt-hour from 31.02 euros on Monday. The day-ahead contract was quoted on the financial market in a bid-ask range of 31.5 euros and 32.5 euros a MWh by 1000 GMT.

• RPT-Telenor says seeks parity with Altimo in Vimpelcom Monday, 1 Oct 2012 | 7:14 AM ET

  OSLO, Oct 1- Norway's Telenor said it had taken delivery of Egyptian tycoon Naguib Sawiris' 71 million shares in Vimpelcom on Monday and suggested Telenor and Altimo should buy shares from investment firm Bertofan to restore ownership parity.