FSUOGM - Former Soviet Union Oil & Gas

13 July 2021

Huge secret bonuses paid to top Naftogaz executives exposed

7 July 2021

When Naftogaz CEO Andriy Kobolev was fired in April he pocketed $12.7mn in bonuses as part of his contract, the Kyiv Post reported in an investigation into pay and bonuses at the state-owned gas company on June 6.

Lukoil to take the reins at Area 4

6 July 2021

Russia’s Lukoil will acquire a 50% stake in the production-sharing agreement (PSA) covering Area 4, located offshore Campeche State in the southern Gulf of Mexico, from the site’s current operator PetroBAL (Mexico).

ING: OPEC+ fails to come to a deal

6 July 2021

The standoff between the UAE and the rest of OPEC+ continues, with Monday’s meeting cancelled. In theory this means that OPEC+ output will remain unchanged in August, which would be bullish for prices in the short term.

FSUOGM: Gazprom sends record volumes to Europe

6 July 2021

Russia’s Gazprom exported record volumes of gas to Europe during the first half of the year, despite recent claims in the press that the company has been withholding supply to jack up prices.