FSUOGM - Former Soviet Union Oil & Gas

Black Sea war zone threatens to knock out Kazakh oil

Tankers imperilled as, following drone attacks on shipping, aide to Ukraine’s president says everything the Russians are moving back and forth on the sea is now a “valid military target".

Czech Republic increased oil imports from Azerbaijan by 20% y/y in 1H23

India imports cheapest Russian oil since start of Ukraine war

Ministry data revealed that the average cost of a barrel of Russian crude that arrived at Indian ports in June was $68.17, above the oil price caps imposed on December 5. However, the cap does not include shipping costs.

Poland resumes oil flow via Druzhba after fixing leak

Poland has resumed oil flow via the Druzhba system, pipeline operator PERN said on its website on August 8, following repair work to a damaged section of the pipeline.

Scientists detect methane leak due to natural gas well fire in Kazakhstan

Kazakhstan reaffirms oil output cut until end-2024

Austria prepares for alternative gas routes as Ukraine will not renew contract with Gazprom

Ukraine has warned Austria that it will not renew its contract with Russia’s Gazprom next year once the agreement has expired, Ukranews reported on August 4, citing Deutsche Welle expert Andriy Gurkov.

European companies suffer €100bn hit from Russia operations, says FT

European companies that exited the Russian market following the invasion of Ukraine have collectively suffered losses surpassing €100bn, according to an analysis by the Financial Times

FSUOGM: BP reduced oil production at ACG block in first half by almost 12%

ADNOC to acquire stake in Azerbaijan’s Absheron gas field

The Abu Dhabi National Oil Co. (ADNOC) this week agreed a deal to buy into its first international upstream project, through the acquisition of a 30% stake in Azerbaijan’s offshore Absheron gas field.

Naftogaz to improve gas production by 8% in 2023 following last year's disastrous results

Naftogaz, Ukraine’s national oil and gas company, will increase gas production this year by 8% compared to 2022, Ukraine Business News reported on August 4.

Russian crude exports to India may have peaked, say analysts

Independent energy research and intel firm Rystad Energy has indicated that India may be approaching the upper limit of its imports of Russian oil.

BP reduced oil production at ACG block in first half by almost 12%

BP kept gas production at Shah Deniz at 2022 level in 1H23

Georgia's gas imports from Russia surge 119% y/y in first half