FSUOGM - Former Soviet Union Oil & Gas
Putin avoids answering whether Russia has evidence that US took out Nord Stream
Russian President Vladimir Putin once more accused the US of blowing up the Nord Stream 1 and 2 pipelines in autumn 2022, but did not say whether Moscow had evidence to support this claim.
Gazprom Export launches arbitration against Dutch firm Gasunie
Gazprom Export has filed a lawsuit against Dutch firm Gasunie at a St Petersburg arbitration tribunal, court documents show, but details of the case remain unclear.
Austria mulls how to break free from Russian gas
Austrian Energy Minister Leonore Gewessler said the government would look to end national gas company OMV’s long-term gas supply deal with Gazprom.
Russia extends permit for Yamal LNG to supply Germany’s SEFE until 2040
Russia has extended a permit allowing its Yamal LNG export terminal to continue supplying LNG to German state-run gas trader Securing Energy for Europe (SEFE) until the end of 2040, a government document published on February 9 revealed.
Turkmen gas production dips in 2023
Turkmenistan produced more than 80bn cubic metres of natural gas last year, down from 82.7 bcm in 2022.
Ukraine hits two oil refineries in south Russia
Ukrainian drones struck two oil refineries in the southern Russian region of Krasnodar on February 9, resulting in a large blaze at the Ilsky refinery.
Azerbaijan's gas boom amid COP29 spotlight raises questions on climate commitments
In the wake of COP28's focus on transitioning from fossil fuels, COP29 is poised to take place in Azerbaijan, amidst a gas production boom. The country plans to boost its gas output by 35% over the next decade.
BP-Azerbaijan reports mixed outcomes in 2023 production figures from Shah Deniz and ACG fields
BP-Azerbaijan reported a 4% increase in gas production from the Shah Deniz field in the Azerbaijani sector of the Caspian Sea for 2023, reaching a total of 26 bcm, alongside a slight decrease of 2.8% in condensate production to just over 4mn tonnes.
BTC pipeline's 2023 oil flow stabilises at 30mn tonnes, expenses surge by 30.7%
The Baku-Tbilisi-Ceyhan (BTC) pipeline, a cornerstone in the transport of oil and condensate from the Caspian region to the global markets, maintained its throughput at 30mn tonnes (approx. 227mn barrels) in 2023, mirroring its 2022 performance.
Oil and condensate exports through Sangachal in 2023 decreased by 0.9%, gas increased by 4.4%
Moldova’s natural gas consumption up 61% y/y in January
FSUOGM: Germany mulls nationalisation of Rosneft assets
SOCAR says drilling increased and gas exports surged in 2023
Drilling activities slightly increased, with the company completing 73,987 metres of drilling, representing a 1.2% rise over the previous year’s total of 73,084 metres and continuing an upward trend from an 18.6% increase in 2022 compared to 2021.
Oil and gas companies to invest over $1 trillion in the next decade expanding production
A report from climate campaign group Global Witness reveals that the fossil fuel sector is anticipated to allocate more than $1 trillion worldwide over the next decade for the expansion of natural gas production.
BP-Azerbaijan expands drilling operations
Russian gas major Novatek to pay $2.6bn in dividends for 2023
The board of Russia’s second-largest gas producer Novatek recommended the shareholders to pay the final total dividend of RUB134bn ($1.4bn) for 2023, in addition to the RUB105bn ($1.1bn) interim dividend for 1H23,
More figures confirm dramatic uptick in imports of Russian gas to Czechia
Up to 62% of imported gas to Czechia has originated in Russia, preliminary figures by Net4Gas pipeline operator show.
Sanctions halt Russia’s Arctic LNG 2 shipments by blocking delivery of LNG tankers
Russian gas producer Novatek’s Arctic LNG 2 project has been forced to push back its first cargo delivery until March at the earliest due to US sanctions blocking the delivery of LNG vessels.
China's balancing of Russian and Central Asian gas
China is relying increasingly on Russian pipelined natural gas, as the Power of Siberia ramps up to its full capacity of 38bn cubic metres per year, potentially as early as 2025
Naftogaz to expand gas production in 2024 with new wells, better technology
Naftogaz Group's CEO, Oleksiy Chernyshov, said in a press release on February 9 the company will boost domestic gas production in 2024 and start operating two new wells.
Germany mulls nationalisation of Rosneft assets
Germany is considering the nationalisation of Rosneft's assets within its borders, the Russian oil giant’s lawyers said on February 8.
Russia's oil revenues in January higher than from before the war
Russia’s budget earned more money from oil taxes in January 2024 than it did in January 2023, Ministry of Finance (MinFin) reported on February 7.
Analyst says Erdogan, Turkish elite won’t abandon Russia, with energy trade lucrative backbone in relations
Crude oil output in Kazakhstan up 0.5% m/m in January
Rosneft's Vostok Oil megaproject still on track
In spite of the turbulence that the Russian oil and gas industry is facing, Rosneft continues to press ahead with one of the country’s biggest greenfield projects, despite the loss of key investors in the wake of Moscow’s invasion of Ukraine.
Sweden closes investigation into Nord Stream pipeline explosions
The Swedish authorities have officially terminated their investigation into the explosions that destroyed the Nord Stream 1 and 2 gas pipelines and handed the files over to Germany, the Swedish Prosecution Authority said on February 7.
Lukoil's Bulgarian refinery goes without Russian Urals in January
The Lukoil-owned Burgas oil refinery in Bulgaria did not receive a single batch of Urals crude last month.
Russian oil and gas MET payments double year on year in January
Russian budget revenues from mineral extraction tax on the oil and gas sector doubled in January versus the same month last year to RUB878.4bn.
Russia’s oil refining down 4% in December-January on drone attacks, accidents
Russian oil refineries in January 2024 reduced output by 4% year on year and by 1.4% month on month to 747,900 tonnes per day.
Energo: OFAC “smart sanctions” target turbine lubricants and additives in an effort to stop Russian military production
OFAC “smart sanctions” target turbine lubricants and additives in an effort to stop Russian military production
Two days before Christmas the US Treasury’s Office of Foreign Assets Control (OFAC) quietly released new sanctions on an esoteric product group: turbine lubricants. But these "smart sanctions" could bring Russian industry to a standstill.
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