FSUOGM - Former Soviet Union Oil & Gas
ExxonMobil says world will fail to meet Paris goal in 2050
Oil supermajor ExxonMobil says that the world will fail to meet the Paris Agreement goal to keep global warming below 2 degrees Celsius by 2050.
Russian petrochemical major Sibur posts $367mn profit in 1H23
The net IFRS profit of Russian petrochemical major Sibur in 1H23 amounted to RUB35.4bn ($367mn), Tass reported citing the company. Sibur's revenue in 1H23 reached RUB490bn ($5bn).
Orlen's sales to Ukrainian customers surge by 61.9% in H1 2023
Polish energy giant Orlen made substantial gains in its sales to Ukrainian customers during the first half of 2023, increasing by 61.9% compared to the same period last year, Ukraine Business News reported on August 30.
Turkmenistan: Union busting
Unfair soccer league, and potential and real gas deals aplenty, with Hungary, Iraq and Uzbekistan.
EU again voices concern over buying refined Russian oil from India, without solutions
The EU once more this weekend vented frustration at the “rapid” increase in Indian refined oil product exports to Europe that have been produced using Russian crude, without suggesting a proposal for curbing this trade.
Russia's Sibur breaks ground on new $2.1bn polypropylene plant
Russia’s largest petrochemicals producer Sibur has broken ground on a new polypropylene unit in Tobolsk in the Urals region, the company reported on August 25.
“All signs point to Ukraine,” German investigation into Nord Stream 1&2 pipelines bombing finds
A year has passed since a series of underwater explosions destroyed the Nord Stream 1&2 pipelines ending Russia’s delivery of gas to Germany. An official investigation has concluded that “all signs point to Ukraine,” Der Spiegel reports.
SOCAR starts estimating reserves of 27 fields in the Caspian according to SPE-PRMS classification
Net profit at Gazprom Neft tumbles over 40% in Q2
Net profit at Gazprom Neft, the oil arm of Russia’s state-owned Gazprom, tumbled 40% year on year in the second quarter on the back of weaker prices, the company reported on August 24.
BRICS MATERIALS: the flourishing intra-BRICS oil trade
The addition of the Kingdom of Saudi Arabia, UAE and Iran to the BRICS+ at a summit on August 24 came as a surprise to many, but it has also significantly increased the body's clout in international oil markets.
Naftogaz announces extension of PSO regime and gas price strategy ahead of challenging winter season
Ukraine’s national oil and gas giant, Naftogaz, will extend the public service obligation regime and will not increase heat tariffs for households, the company stated on August 22.
FSUOGM: Iraq strikes initial deal to import Turkmen gas
Russia stems gas output decline in July
The year-on-year decline in Russian natural gas production in 2023 continued to slow in July, state statistics cited by the Moscow-based Vedomosti newspaper on August 24 showed, in part reflecting a recovery in exports to the European market.
Bolivia in preliminary talks with Russia's Gazprom on investments
Bolivia is in preliminary talks with Russia’s state gas producer Gazprom on investments, the South American country’s president Luis Arce said on August 25, according to the Moscow-based PRIME news agency.
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