FSUOGM - Former Soviet Union Oil & Gas

Azerbaijan tops BP's payments to governments in 2025

BP paid almost $10bn to the government of Azerbaijan – its biggest fiscal contribution compared with any other government.

Russian court claims Gazprom's nationalised German unit cannot continue arbitration in Switzerland

A Russian court has barred German firm SEFE Marketing & Trading from continuing arbitration proceedings against Russian gas supplier Gazprom in Switzerland.

Geopolitical crises are the new norm for energy markets

Geopolitical disruptions are becoming a permanent feature of global energy markets rather than isolated crises.

OPEC+'s symbolic quota raise

OPEC+’s latest decision to raise oil production quotas is unlikely to have much immediate impact on global supply.

Putin claims sanctions have accelerated Russia's development of domestic oil and gas tech

Russian President Vladimir Putin said Western sanctions had accelerated the development of domestic technologies in Russia’s oil and gas sector.

Russia's Gazprom extends gas supply deals with Serbia and Bosnia's Serb Republic

Russia’s Gazprom has agreed to extend gas supply contracts with Serbia and Bosnia’s Serb Republic, the company said last week following talks at the St Petersburg International Economic Forum.

Russia's SPIEF marked by absence of foreign oil and gas deals

SPIEF highlighted Russia’s global ties, but major foreign oil and gas deals were scarce.

EU approves Romanian pipeline changes to expand gas export options for Ukraine

Ukraine is set to gain more opportunities to secure natural gas supplies after the European Commission approved changes allowing Romania's gas transmission operator Transgaz to offer export capacity to Ukraine through key pipeline connections.

Malaysian PM suggests Petronas has chance of securing access to major Turkmenistan gas field

Malaysian national energy company Petronas has the possibility of securing access to a gas field in Turkmenistan described as among the largest in the world, according to Prime Minister Anwar Ibrahim.

US seeks stake in Azerbaijan's energy infrastructure as $8bn in deals sealed at Baku forum

Shah Deniz marks 30 years with 271 bcm produced and $31bn invested

Putin allows TotalEnergies to offload 10% in Arctic LNG 2 project

Russia's independent gas producer Novatek (NVTK) has received special presidential approval for its subsidiary Nordline to acquire TotalEnergies' 10% stake in the Arctic LNG 2 project.

Russian oil flows through Druzhba return to normal as Hungary and Slovakia resume Russian oil and gas imports

Russian crude oil deliveries to Hungary and Slovakia through the Soviet-era Druzhba pipeline returned to normal levels in May, marking the first full month of uninterrupted supplies since transit resumed in April after a dispute.

Absheron project may reshape Azerbaijan’s gas export strategy

SOCAR, TotalEnergies, XRG and BOTAŞ signed an agreement in Baku on 1 June on long-term gas supplies from the Absheron gas-condensate field to Turkey. The deal covers the supply of a total of 33bn cubic metres of natural gas from Azerbaijan to Turkey

Azerbaijan gas covers 60% of Bulgaria's needs as green corridor feasibility study set for 2026

Georgia-Azerbaijan energy deals raise energy independence fears as Russian gas imports surge

SOCAR chief outlines AI push, upstream expansion and Syria gas supply at Baku Energy Week

BP targets new Caspian fields as Shah Deniz compression work hits 30%

Absheron phase two tender launched as TotalEnergies targets September 2029 first gas

SOCAR to take BTC operatorship on July 1 as throughput falls 9.5% in four months

Russian hydropower major RusHydro doubles 1Q26 profit despite rising debt burden

Turkey renews gas arrangement with Azerbaijan, secures 33 bcm over 15 years

Turkey has renewed its gas import arrangement with Azerbaijan, securing supplies of 33bn cubic metres (bcm) of natural gas from Azerbaijan over 15 years.

Kazakhstan restores oil output after Tengiz disruption

Kazakhstan has restored oil production to approximately 290,000 tonnes per day following a temporary disruption at the Tengiz oilfield, the country’s largest producing asset, it is reported.

Azerbaijan positions itself as dual-track energy hub amid global supply uncertainty

Azerbaijan is accelerating both fossil fuel and renewable energy development as it seeks to entrench its role as a reliable supplier to Europe and emerging markets, Energy Minister Parviz Shahbazov told the 31st Baku Energy Forum.

Jade announces milestone Mongolia approval of maiden reserves at gassy coal seams project

Jade Gas Holdings (ASX: JGH) on June 1 announced the approval of maiden reserves by the Mongolian Minerals Reserves Council (MRC) for its Tavan Tolgoi Coal Bed Methane (TTCBM) project in South Gobi.