FSUOGM - Former Soviet Union Oil & Gas

27 August 2025

Russia’s Gazprom and Mongolia ink memorandum on deepening partnership in oil and gas

26 August 2025

Russia’s Gazprom and Mongolia have signed a memorandum of cooperation on deepening partnership in the oil and gas sector, the Russian energy giant said on August 26.

Ukraine’s Naftogaz and Norway’s Equinor sign cooperation memorandum

26 August 2025

Ukraine’s state-owned energy company Naftogaz said it had signed a memorandum of cooperation with Norwegian oil and gas major Equinor aimed at sharing expertise and exploring joint projects.

OGT2025 conference and exhibition in Ashgabat gains momentum

26 August 2025

Preparations are gathering momentum for the landmark 30th Anniversary International Conference and Exhibition “Oil and Gas of Turkmenistan – 2025”, scheduled to take place from 22 to 24 October in Ashgabat.

Kazakhstan pursues $4.4bn fine against Kashagan oilfield consortium

26 August 2025

A regional ecological department of Kazakhstan is reportedly pressing ahead with a fine of about $4.4bn against the North Caspian Operating Company (NCOC), the international consortium developing the Kashagan oilfield.

Azerbaijan earns $799mn from gas pipelines, $308mn from oil pipelines in H1 2025

26 August 2025

Azerbaijan earns $799mn from gas pipelines, $308mn from oil pipelines in H1 2025

Russian gas major Novatek to pay 2024 and 1H25 dividend

25 August 2025

The board of Russian natural gas major Novatek recommended an interim dividend of RUB35.5 per ordinary share for 1H25, according to the announcement of the company.

War of words escalates between Budapest Brussels and Kyiv following the latest Druzhba oil pipeline attacks

25 August 2025

US President Donald Trump is very angry with Hungarian Prime Minister Viktor Orban over the attacks on Russia’s Druzhba oil pipeline that lead to an exchange of irate letters over the weekend.

Russian President Putin signs a decree allowing ExxonMobil to potentially return to the Sakhalin-1 oil project

24 August 2025

Russian President Vladimir Putin has signed a decree allowing ExxonMobil to potentially return to the Sakhalin-1 oil project, opening the door for renewed US-Russia energy cooperation days before the start of the Alaska summit.

Ukraine has made Russia’s refining sector a strategic liability

24 August 2025

Russia’s ability to produce fuel is under attack. In the Far Eastern region of Primorye, kilometre-long queues at filling stations have already appeared and petrol prices are soaring as a fuel crisis gathers momentum.

Russian oil deliveries to Hungary off again after third attack on Druzhba pipeline as Ukraine ups attacks on Russian oil assets

24 August 2025

Russian crude deliveries to Slovakia and Hungary were suspended on August 21 after a third attack on the Druzhba pipeline system in less than two weeks, officials confirmed. Flows are expected to remain offline for at least five days.

Ukraine hits Russia’s Druzhba oil pipeline again with drones

22 August 2025

Ukraine has carried out another strike on the Druzhba oil pipeline, hitting the Unecha oil pumping station in the latest of a series of incidents targeting the Soviet-era pipeline.

Falling Caspian Sea levels hit Azerbaijan’s oil shipments

22 August 2025

Rapid declines in the level of the Caspian Sea are disrupting oil shipments, increasing logistics costs and endangering vulnerable marine life, Azerbaijani officials and scientists said.

Ukrainian drone strikes on Russian refineries drive up petrol prices, shortages looming

21 August 2025

Russian wholesale gasoline prices are soaring to record levels following a series of Ukrainian drone strikes on critical refinery infrastructure. Analysts warn that Russia is facing fuel shortages in the coming weeks, Meduza reported on August 21.

Kazakhstan to pursue reinstatement of $4.4bn fine against Kashagan operator

20 August 2025

Authorities in Kazakhstan plan to resume efforts to impose a multibillion-dollar fine on the operator of the country’s 2nd-biggest oilfield Kashagan after a local court annulled the original decision to penalise the consortium led by Eni & Shell.

Kazakhstan’s oil exports to Germany resume after Druzhba pipeline disruption

20 August 2025

Kazakhstan’s oil exports to Germany through Russia’s Druzhba pipeline were temporarily halted following Ukrainian drone strikes on infrastructure in Russia’s Tambov region but have since been restored, Reuters reported on August 19.

Kazakh court fines CNPC subsidiary for antitrust violations

20 August 2025

The Specialised Interdistrict Court of Aktobe has found SNPS Aktobemunaigaz, a subsidiary of China National Petroleum Corporation (CNPC), guilty of violating antitrust legislation.

LNG vessels move east from sanctioned Arctic LNG 2

20 August 2025

Two LNG tankers are moving east towards Asia from Russia’s heavily sanctioned Arctic LNG 2 terminal.

Ukraine drone strike knocks out Russian oil supply to Hungary, Slovakia

19 August 2025

Hungary and Slovakia are the only EU member states still heavily reliant on Russian crude.

Italy leads Azerbaijani oil exports in January–July 2025

19 August 2025

Italy leads Azerbaijani oil exports in January–July 2025