FSUOGM - Former Soviet Union Oil & Gas
TMK announces second successful drilling of pilot well at Gurvantes coal seam gas project in Mongolia
OPEC output rises despite Iraqi cuts as unwinding is pushed back
has pushed back its planned easing of output cuts to the end of the year, just as production has risen despite Iraq’s compensatory efforts
US maintains sanctions pressure on Russian LNG
The US Treasury Department maintained pressure on the Russian liquefied natural gas (LNG) sector with a number of designations in the October 30 sanction update.
Kazakhstan’s daily oil output down by 20% m/m in October
Ukraine targets Eastern European gas hub role with boosted production
Ukraine is positioning itself as a potential gas hub for Eastern Europe following production of more than 11 bcm in the first nine months of 2024, marking a year-on-year increase of 0.7 bcm.
St Petersburg oil terminal owner claims "corporate raid"
Petersburg Oil Terminal, the operator of Russia’s biggest oil product transhipment terminals, claimed it was the victim of a “corporate raid” by a Cyprus-based company called Tudjunga Enterprises.
Gazprom returns to profit in Q3
Russia’s Gazprom returned to the black in the three months ending September 30, according to Russian accounting standards, earning a net profit of RUB171.5bn.
Global oil supply to see major glut next year: World Bank
Global commodity prices are on track to slump to a five-year low next year, with an oil glut emerging so large that it will largely negate the impact of the Israel-Palestine war escalating into a regional Middle Eastern conflict.
Russia's Khanty-Mansiysk to offer up 17 subsoil blocks at auction
The government of Russia’s oil-producing heartland of Khanty-Mansiysk has approved a draft order to auction off rights to 17 oil and gas blocks next year.
Russia ditches plan for early end to gasoline ban
The Russian government has dropped plans to lift its ban on gasoline exports early, amid scheduled and unscheduled repairs that are set to drag on into November.
Russia's Norilskgazprom completes two new wells at key field on Taymyr
Russian mining group Norilsk Nickel reported on October 28 that its natural gas subsidiary Norilskgazprom had completed two new wells at the Pelyatkinskoye gas condensate field, to maintain production.
KMG, Tatneft to drill deep well in west Kazakhstan next month
Kazakhstan’s state oil company KazMunayGas and Russian oil firm Tatneft plan to drill a first 5,500-metre exploration well next month at the Karaton Podsolevaya block in the west of the Central Asian country.
Russia's Zvezda shipyard delays deliver of Arc7 carriers for Arctic LNG-2
The Zvezda shipyard in the Russian Far East is not expected to deliver the lead Arc7 LNG carrier for Novatek’s Arctic LNG-2 terminal by the end of this year as initially planned, Moscow-based newspaper Kommersant reported on October 30.
Three drone strikes reported in Bashkortostan on October 31
There were three drone attacks against energy facilities in Russia’s Bashkortostan republic on October 31, though damage was minimal.
Kazakhstan lowers oil output forecast for 2024 by 2.5%
Kazakhstan’s oil production is projected to exceed 88mn tonnes this year.
TotalEnergies' unreceived dividends from Russia to reach $1.5-2.0bn by year-end, says CEO
French oil major TotalEnergies’ dividends from its joint projects with Novatek that cannot be transferred out of Russia could reach between $1.5-2.0bn by the end of this year.
Ukraine seeks investors for Zaporizhzhia Titanium Institute and Prykarpattia oil refinery
Eni and KMG conclude drilling at Abay offshore block with no commercial hydrocarbons found
Hit indirectly by sanctions, Mongolia struggles to find workarounds
Landlocked country in awkward position of trying to maintain neutrality while dependent on Russia for fuel and heavily reliant on China for export revenues and consumer products.
Igdir-Nakhchivan gas pipeline set for completion
The Igdir-Nakhchivan gas pipeline is expected to be completed in the coming days, according to Turkey's Consul General in Nakhchivan, Asip Kaya,
Russian gas giant Gazprom inches up 2024 investment programme
Western Kazakhstan facing significant LPG shortage
Turkmenistan aiming for 116 bcm of annual gas production by 2029
Finland seizes Russian state property following Ukraine’s lawsuit
Finland has begun seizing Russian state-owned property, including real estate tied to Russian entities under EU sanctions, following a lawsuit filed by Ukraine’s Naftogaz.
TAL pipeline expansion nears finish, offering Czech Republic a future free of Russian oil
The project aimed at replacing Russian crude is being achieved in “an incredibly short period”, the CEO of the Czech Republic’s state oil pipeline operator told NewsBase.
Rosneft's legal attempt to block Shell refinery sale in Germany fails
A German court has rejected a complaint by Rosneft against Shell’s move to sell its stake in Germany’s 220,000 barrel per day Schwedt oil refinery.
Russia’s Lukoil recommends 1H24 interim dividend
The board of Russia’s second largest oil company Lukoil recommended an interim dividend of RUB514/share for 1H24, corresponding to a 7.6% dividend yield to the closing share price on October 25.
Austrian court unblocks assets of Russian petrochemical major Sibur
Russian petrochemical major Sibur unblocked the assets of its export subsidiary Sibur International with the decision of Vienna's Higher Land Court.
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