FSUOGM - Former Soviet Union Oil & Gas
Swiss maker of oil industry pumps Sulzer exits Russia
Sulzer, a Swiss engineering group that specialises in fluid engineering technologies, announced on May 24 that it was exiting Russia “with immediate effect.”
Is Venezuela Europe’s answer for the loss of Russian oil?
The US government appears to be moving towards loosening restrictions on trade with Venezuela, at least partly out of a desire to address disruptions on the European oil market.
FSU OGM: Russian bookings generating new business for Sovcomflot
Russia’s state-owned tanker operator Sovcomflot (SCF) is still attracting plenty of business, with a surge of recent bookings from Russian oil producers partially making up for the loss of Western clients.
Hungarian PM proposes sanctions package should not be discussed at next European Council meeting
Rosneft, Gazprom Neft bookings generating new business for Sovcomflot
Russia’s state-owned tanker operator Sovcomflot (SCF) is still attracting business, with a surge of recent bookings from Russian clients partially making up for the loss of Western clients in the wake of the invasion of Ukraine.
Sibur CFO O’Brien quits as sanctions decimate Russia’s foreign executive ranks
Peter O'Brien, chief financial officer of Russia’s largest petrochemical company Sibur, has left the company as sanctions decimate the ranks of Russia’s foreign executives, bne IntelliNews can reveal.
Poland terminates Yamal pipeline agreement ahead of schedule
Poland’s Climate and Environment Minister Anna Moskwa announced on May 23 that her country was terminating its inter-governmental agreement (IGA) with Russia on natural gas deliveries via the Yamal-Europe pipeline.
Saudi energy minister says Russia will remain a part of OPEC+ group
Saudi Arabia will continue to include Russia in OPEC’s attempts to work with other oil-producing states to balance global energy markets, despite Western moves towards sanctions on trade in Russian crude.
Schroeder steps down as Rosneft board chairman
Gerhard Schroeder, Germany’s former chancellor, has resigned from his post as chairman of Russia’s state-owned oil producer Rosneft.
Russia halts gas deliveries to Finland
Gazprom, Russia’s state-run natural gas giant, said on Saturday, May 21 that it had stopped all deliveries to Finland as of 6:00 a.m. local time.
GAC data show Chinese spending on Russian oil, gas, coal up 75% y/y in April
China's spending on Russian crude oil, natural gas and coal jumped by more than 75% year on year to $6.42bn in April, according to data from Chinese customs data.
US seen easing sanctions on Venezuela to meet Europe’s need for additional oil supplies
The US government is reportedly gearing up to ease sanctions on Venezuela’s national oil company PdVSA in order to facilitate deliveries to Europe.
ONGC weighs more bids for Russian assets despite rejection of first bid
India’s Oil and Natural Gas Corp. (ONGC) is reportedly considering placing more bids for oil and gas assets in Russia that are being abandoned by international oil companies (IOCs) in the wake of the war in Ukraine and sanctions against Russia.
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