FSUOGM - Former Soviet Union Oil & Gas
Offshore oil is "the new shale", says Kpler analyst
Offshore oil production “is the new shale,” set to drive future output gains, says Viktor Katona, head of oil analysis at global trade intelligence firm Kpler.
As winter closes in, will Uzbekistan rethink the potential for more gas supplies from neighbour Turkmenistan?
R&D to drive downstream decarbonisation: SOCAR Turkiye
Research and development is playing a key role in driving sustainability in the downstream sector.
Halliburton's former Russian business eyes acquisitions
Russian oilfield services company Burservice, which acquired the local operations of US-based Halliburton, is exploring mergers and acquisitions, including a potential purchase of Nafta Drilling.
SOCAR holds financing talks with Italy's Intesa Sanpaolo bank
A delegation led by Zaur Gurbanov, vice president of Azerbaijan’s state oil company SOCAR, has visited Milan, Italy, for a series of high-level meetings with Italy’s Intesa Sanpaolo bank.
Georgia divests gas pipelines to Azerbaijan's SOCAR
Georgia’s government has approved the direct sale of gas pipelines to SOCAR Gas Georgia, a local subsidiary of Azerbaijan’s state oil company SOCAR, for $7mn.
More help needed for Ukraine’s ravaged energy sector
A multi-million-euro fund launched by Ukraine’s European allies to help the war-ravaged energy sector is running low on cash as power providers struggle to keep the lights on this winter.
Russian LPG exports to Asia surge this year
Russia’s exports of LPG to Asian countries including Turkey grew by 45% year on year in the first nine months of 2024, reaching 1.2mn tonnes.
Moldova announces it has enough natural gas reserves for the entire winter
Moldovagaz says it has already purchased 747.9mn cubic metres of natural gas ahead of the expected cut-off of Russian gas supplies via Ukraine.
Drone strikes oil storage in Oryol region
A drone attack on Russia's Oryol region ignited a fuel fire at an oil storage facility.
Slovakia in "very intense" talks to continue Ukrainian gas transit
Slovakia’s government is holding “very intense” negotiations over natural gas supplies in 2025, including on the continued transit of the fuel through Ukraine, despite the looming expiry of the Russia-Ukraine transit deal after December 31.
Rosneft to supply oil to India’s Reliance in a 10-year deal
Rosneft, Russia's state-owned oil company, has struck a significant deal with Reliance Industries Limited (RIL) to supply nearly 500,000 barrels of crude oil daily, marking the largest-ever energy agreement between the two countries
ACG reports 600mn tonnes in oil production
Six hundred million tons of oil have been produced from the Azeri-Chirag-Gunashli (ACG) oil field block so far according to the project's operator bp, along with its partners
OMV terminates Russian gas deal after losing supply
OMV has ended its long-term gas supply contract 26 years before its set expiry date.
FSUOGM: Sibur launches pilot centre for polymer tech
First major oil spill by Russia's shadow fleet as major storm rips oil tanker apart in Kerch straits
A major storm ripped a Russian oil tanker apart, tearing off its nose on December 15. A total of two ships have reportedly sunk as a result of the storm and at least four crew members are thought to have lost their lives, TASS reports.
US expected to impose sanctions on Serbia's NIS over Russian ownership
Serbia president says US sanctions targeting Gazprom-owned NIS will take effect in the coming days, with the UK likely to follow.
Moldova enters state of emergency, Transnistria stockpiles firewood
The separatist Transnistria region will stockpile firewood and introduce rolling blackouts after the expected end of Russian gas supplies via Ukraine.
Uzbekistan limits gasoline station operations as cold weather drives up energy demand
Azerbaijan's oil and gas production reaches 26.5mn tonnes in January-November 2024
According to operational data from the Ministry of Energy, Azerbaijan produced 26.5mn tonnes of oil (including condensate) during the first 11 months of 2024.
EU approves 15th Russia sanction package
European Union ambassadors have agreed on the 15th sanctions package for Russia’s full-scale military invasion of Ukraine.
Biden weights Iran-style oil sanctions as goodbye gift to Russia
The Joe Biden administration is considering harsher “Iran-style” sanctions against Russian oil before handing the White House over to the president-elect Donald Trump.
Russia-Belarus Union State talks progress on security, but stall on uniting energy markets
Russian President Vladimir Putin and Belarus President Alexander Lukashenko met on December 6 to work on developing the Union State. Progress was made on improving mutual security cooperation, but little headway was made on energy markets.
Russian oil figures to China via Kazakhstan drop slightly in 2024
Russia’s oil shipments to China via Kazakhstan have remained largely stable throughout 2024, data from Kazakhstan's pipeline operator, KazTransOil, indicate.
Rosneft gets deadline extension on buying Exxon’s Sakhalin share
The deadline for selling the “unclaimed” share of foreign shareholders in the Russian Sakhalin-1 oil and gas offshore extractions project is extended until January 1, 2026, according to the newest presidential decree.
Equinor to receive $745mn from Azerbaijan asset sale
Norwegian company Equinor has completed deals to exit its production assets in Azerbaijan and Nigeria for a total estimated value of up to $2bn, according to a company statement.
Azerbaijan amends decree on Shah Deniz field and SGC projects
Indian traders dropping Russian oil shipments due to lack of profit
Large numbers of small-scale trading firms and intermediaries have recently ceased trading Russian crude oil with India due to soaring Russian interest rates and rising trade financing costs
Pakistan, Russia look at working together on oil and gas exploration
Reports stemming from intergovernmental meetings in Moscow between Russia and Pakistan suggest officials from both countries have held discussions on offshore oil and gas exploration, as well as bilateral cooperation on refining.
Iran-Russia gas supply deal reaches ‘good stage,’ Iranian deputy minister says
Iranian Deputy Oil Minister for Gas Affairs Saeed Tavakkoli said a memorandum of understanding for the transfer of Russian gas to Iran had reached a “good stage,” amid ongoing efforts to address part of the country’s energy shortage.
Bulgaria threatens to cut transit of Russian gas to Serbia
Caretaker Energy Minister Vladimir Malinov warns Bulgaria could end gas transit to Serbia to avoid breaching new US sanctions on Gazprombank.
Iranian MPs to push for gas extraction from Caspian Sea
A group of Iranian lawmakers plan to push the Oil Ministry to expand drilling for natural gas from the Caspian Sea, a legislator said as reported by Bultan News on December 10.
Equinor exits Azerbaijan and Nigeria in deals worth $2bn
Norway’s state oil company Equinor has completed its exit from upstream operations in Azerbaijan and Nigeria, finalising transactions valued at up to $2bn.
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