FSUOGM - Former Soviet Union Oil & Gas
German Uniper pays back €530mn for Gazprom-linked bailout
Energy major Uniper announced it is transferring €530mn to German authorities as part of repaying a bailout of €13.5bn.
COP29 Azerbaijan fossil fuel scandal sums up the crisis of modern climate diplomacy
Azerbaijan's COP29 chief executive Elnur Soltanov attempted to balance climate rhetoric with fossil fuel promotion in secret recordings obtained by Global Witness.
Kazakhstan boosts production of petrochemicals by 71% in 10M24
FSUOGM: Turkey plans regional gas hub, Istanbul index in 2025
Russian damper payments to refineries slump in October
Russian budget payouts to oil refineries under the fuel price damper mechanism dropped to their lowest monthly level in a year in October, to $1.1bn.
COP29 begins in Azerbaijan
No deal yet between Europe and Azerbaijan to keep gas flowing through Ukraine, says Naftogaz CEO
A contract between Europe and Azerbaijan to keep gas flowing through Ukraine after Russia’s transit deal expires in December is not currently in place, despite recent reports suggesting an agreement was near,
Russia reportedly mulls oil industry mega-merger
It would mark the continuation of re-nationalisation policies that began during Putin’s first term in office.
Turkish gas trader launches ruble-euro swaps
Turkish gas trader Bosphorus Gaz is launching a currency exchange mechanism to overcome payment issues between Turkish and Russian companies.
Tatneft to assist Uzbekneftegaz in geological exploration research
Russia’s Tatneft has agreed to assist Uzbekistan’s Uzbekneftegaz in geological exploration research.
Russia to transfer Zvezda shipyard to UGC in move to consolidate shipbuilding assets
Russian state oil company Rosneft has begun talks with Russian state development bank VTB on the transfer of the Zvezda shipyard in the Russian Far East to state shipbuilding group USC.
AI takes centre stage at ADIPEC
The conference, where almost 200,000 participants gathered, featured a series of sessions dedicated to the technology, as well as a special AI zone, where various AI-related energy solutions and initiatives were presented.
COMMENT: Will the renewal of the Serbia-Russia gas deal prolong Moscow's energy dominance in Europe?
Gazprom’s gas supply contract with Serbia is due to expire in 2025.
Lukoil denies plans to sell Bulgarian refinery to Qatari-UK consortium
Lukoil denies reports of talks with UK-Qatari consortium, but says it is "considering various options" regarding its Bulgarian business.
SOFAZ reports a decline in revenues from Shah Deniz and ACG fields in January-October 2024
In January-October 2024, the State Oil Fund of Azerbaijan (SOFAZ) earned $416.17mn from gas and condensate sales at the Shah Deniz gas-condensate field, marking a 2.8-fold decrease compared to the same period last year
Russian Lukoil to sell Bulgarian Burgas refinery to Qatari-British investors
Russia’s second-largest oil producer Lukoil is selling its majority stake in Bulgarian refinery Neftohim (Neftochim) Burgas to Qatari-British investors, the Financial Times report citing Lukoil’s letter to Russia's President Vladimir Putin.
Turkey plans regional gas hub, Istanbul index in 2025
Turkey’s Energy and Mineral Resources Minister Alparslan Bayraktar told Turkish media last week that a natural gas trading hub could begin operating in Istanbul in 2025.
Romania supplies nearly two-thirds of Moldova's natural gas imports in January-September
In the first nine months of 2024, nearly 61% of the Republic of Moldova's natural gas imports came from Romania’s two largest gas producers, Petrom and Romgaz.
BP reports stable production and major investments in Azerbaijan
BP's third-quarter report on its operations in Azerbaijan highlights substantial investments and steady production from major oil and gas assets, including the Azeri-Chirag-Gunashli (ACG) block and the Shah Deniz gas-condensate field.
COP29: Baku’s balancing act between green energy and oil rents
As Azerbaijan prepares to host the 2024 UN Climate Change Conference (COP29) in Baku from November 11 to 22, the choice of venue has attracted significant criticism, says Jody LaPorte, the Gonticas fellow at Oxford University.
Energy industry must drive sustainable socio-economic growth: ADIPEC
The global energy industry must drive the next phase of sustainable socio-economic growth, UAE Industry Minister and CEO of the country’s national oil company ADNOC, Sultan Ahmed Al Jaber, said at the ADIPEC conference in Abu Dhabi on November 4.
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