February's month in brief brings you the latest stories from the European upstream sector. Key stories this month include Cyprus where BG's acquisition of half of Noble Energy's stake in the Aphrodite field has closed. The Cypriot government has also extended three exploration licences and amended the Block 12 PSC work plan showing empathy with the upstream industry's current plight. Meanwhile the Italian government has reintroduced restrictions on offshore oil and gas activity banning exploration and development within 12 nautical miles of the shore. The report includes the 'Continental & Med. Europe Upstream Data Dashboard' which provides a snapshot of the latest data on licensing drilling discoveries development corporate and M&A activity.