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UPDATE 2-Australia oil, gas deals heat up with billion dollar merger

* Beach, Drillsearch to chase distressed assets (Recasts, adds Drillsearch, Beach, analyst comments)

Senegal turns to sewage in bid to meet renewable goals

* Fast-growth of Senegalese capital created sanitation problems

United Arab Emirates plans to increase crude oil and natural gas production

(Fri, 23 Oct 2015) The United Arab Emirates (UAE) was the world's sixth-largest oil producer in 2014, and the second-largest producer of petroleum and other liquids in the Organization of the Petroleum Exporting Countries (OPEC), behind only Saudi Arabia. Because the prospects for further oil discoveries in the UAE are low, the UAE is relying on the application of enhanced oil recovery (EOR) techniques in mature oil fields to increase production.

UPDATE 1-Singapore's Keppel says may face Brazil corruption probe

SINGAPORE, Oct 23 (Reuters) - Singapore oil rig builder Keppel Corporation Ltd said it may face an investigation into deals with Brazilian state-run oil company Petrobras and rig builder Sete Brasil.

UPDATE 1-Australia flags concerns on $35 bln Halliburton bid for Baker Hughes

MELBOURNE, Oct 23 (Reuters) - Australia's antitrust regulator raised concerns on Friday about Halliburton Co's proposed $35 billion buyout of rival Baker Hughes Inc , in another setback for a deal that has already hit competition snarls in the United States.

SK Innovation shares up more than 7 percent after Q3 earnings

SEOUL, Oct 23 (Reuters) - Shares in South Korea's SK Innovation Co Ltd rose more than 7 percent on Friday after it announced its consolidated third-quarter operating profit rose 644 percent from the same period last year.

Singapore's Keppel says Brazil inquiry recommends deeper probe into Petrobras deals

SINGAPORE, Oct 23 (Reuters) - Singapore rig builder Keppel Corp. Ltd said on Friday a Brazilian parliamentary inquiry recommended deepening of investigations into 10 companies, including a Keppel unit, involved in deals with state-run oil company Petrobras and Sete Brasil.

Army surrounds home of Congo Republic opposition leader

DAKAR, Oct 22 (Reuters) - A Congo Republic opposition leader said late on Thursday that forces from leader Denis Sassou Nguesso's presidential guard were surrounding his house, detaining him and three allies opposed to a vote on extending term limits.

UPDATE 1-Drillsearch agrees to A$384 mln bid from Beach Energy

* Cooper Basin rival Santos looking to sell assets (Adds details)

Takeover target Santos pares capital spending, trims output forecast

MELBOURNE, Oct 22 (Reuters) - Australian oil and gas producer Santos Ltd, looking to beef up its balance sheet after knocking back a $5 billion takeover offer this week, flagged on Friday it would cut capital spending by a further 10 percent this year.

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