Russ Oil-Gas

FRANKFURT, Oct 9 (Reuters) - U.S. oil company Moncrief Oil International has withdrawn its claim against Germany's BASF (BASF.DE: Quote, Profile, Research) over ownership of Russian gas field Yuzhno-Russkoye, a German court said on Tuesday. A spokesman at the higher court in Zweibruecken said Moncrief had retracted its appeal, which it filed in August, after a German court described its legal suit against BASF as unfounded. The spokesman was confirming a report in German newspaper Die Rheinpfalz. Moncrief's law firm in Germany was not immediately available for comment. The Yuzhno-Russkoye gas field is controlled by Gazprom (GAZP.MM: Quote, Profile, Research). German utility E.ON (EONG.DE: Quote, Profile, Research) is also working to reach an agreement with Gazprom for a stake in the gas field.