FSUOGM - Former Soviet Union Oil & Gas

5 April 2023

German insurers renew cover for Nord Stream 1

4 April 2023

German insurers Allianz and Munich Re have renewed coverage for the burst Nord Stream 1, sources told Reuters on April 4, indicating that the gas pipeline’s future restart has not been ruled out.

Kazakhstan's KMG to expand tanker fleet with Abu Dhabi partner to diversify oil export routes

4 April 2023

Kazakhstan’s state-owned oil company KazMunayGas has agreed with the Abu Dhabi Ports Group on expanding their jointly controlled tanker fleet, in a bid to cut the Central Asian country’s dependence on Russia as an export route for its crude oil.

Novatek bids to acquire stake in Sakhalin-2 project, replacing former partner Shell

4 April 2023

Russia’s leading LNG producer Novatek has applied to join Gazprom at the Sakhalin-2 oil and LNG project, replacing former shareholder Shell,

India, Russia adopt Dubai grade for pricing oil trade

4 April 2023

Russia’s top oil producer Rosneft and India’s largest oil refiner Indian Oil Corp. have agreed to use the Asia-oriented Dubai oil price benchmark in their latest agreement to ship Russian crude to India.

Six little-known firms emerge as major Russian oil traders, replacing former leading players

3 April 2023

Western sanctions as well as corporate self-sanctioning have led the biggest international oil traders to reduce their exposure to Russia considerably, pushing more Russian oil trade into the shadows.

OPEC+ announces surprise output cut

2 April 2023

OPEC and several of its partners in the OPEC+ group made a surprise announcement over the weekend, declaring that they would make a voluntary oil production cut of 1.15mn barrels per day, which will run until the end of the year.

Ukrnafta to increase oil production to 1.45mn tonnes

31 March 2023

Ukrnafta, the largest oil and gas producer in the country, plans a 6% increase in oil production this year to 1.45mn tonnes of oil, Ukranews reported on March 30.

CENTRAL ASIA BLOG: Turkmenistan, undisputed heavyweight champion of the world for methane emissions

29 March 2023

Armed with evidence of “super-emitter” sites gathered by “satellite detectives”, climate change scientists will hope to persuade the Turkmens that measures to fix the leaks will pay for themselves.

EU countries agree to seek legal option to curb imports of Russian LNG

29 March 2023

European Union countries have agreed to explore a legal avenue to prevent Russian companies from sending LNG to member states.