** About $32.5 bln wiped off the market cap of the Europeanoil & gas sector on latest rout that sees the STOXX 600 oil &gas index suffer its sharpest one-day drop since depthsof the eurozone crisis in 2011.
** Index off 4.1 pct on the day, follows similar drop onThursday.
** All gains it made since equity markets bottomed outmid-October now wiped out.
** Sector easily the year's worst performing, down 12.7 pctto date vs the 2.9 pct gain for the STOXX 600
** Oil producers & energy services firm dominate top losers& most actively traded stocks across Europe. Table: http://link.reuters.com/tuq53w
** Premier Oil leads losses, down 12 pct & slumpingto a more than 5-year low. Weir Group off 10.4 pct.
** Among the heavyweights, Statoil slumps 8.4 pct, its worstdrop since Dec. 2008. Royal Dutch Shell off 2.8 pct.
** BP's 3.7 pct slide sees stock poised to test lastOct lows (RM: vikram.subhedar.thomsonreuters.com@reuters.net)