FSUOGM - Former Soviet Union Oil & Gas

India still committed to working out viability of importing coking coal from Mongolia, says report

India is still committed to ascertaining the viability of importing coking coal from landlocked Mongolia despite transport bottlenecks that are proving a serious headache.

Erdogan says Ukraine’s attacks on Russian oil tankers in Black Sea are not acceptable

Turkish President Recep Tayyip Erdogan said on December 1 that attacks on commercial ships in the Black Sea are not acceptable.

Debt of Russian RusHydro hydropower major up 30% in 9M25

Condor Energies ramps up gas drilling in Uzbekistan

Canada’s Condor Energies is stepping up its push into Uzbekistan’s gas sector after drilling what it says is the country’s longest horizontal well.

Turkmenistan, Kazakhstan eye increased gas cooperation

Turkmenistan and Kazakhstan have signalled plans to strengthen cooperation in the gas sector following high-level talks in Astana.

Caspian may need oil pipelines because of falling water levels, warns Chevron

A sharp decline in Caspian Sea water levels is prompting renewed warnings from energy companies that existing offshore and maritime transport routes may face mounting operational risk.

Tankers avoid Novorossiysk port following Ukrainian sanctions and drone strikes

No oil tankers are currently docked at the Russian port of Novorossiysk, a critical hub for the country’s southern crude exports, according to live tracking data from Marine Traffic, Ukrainian milblogger Tender reported on November 28.

Putin grants reverse excise payments to foreign refiners processing Russian oil

Nord Stream 2 operator seeks to annul part of latest EU sanctions package

The Nord Stream 2 AG operating company has asked the EU’s General Court to annul part of the EU’s 18th sanctions package.

Russian oil firms see weaker Q3, while Gazprom enjoys bump in profits

Japan doubles down on Russian energy supplies despite sanctions pressure

Japan has reaffirmed its intention to continue imports of Russian oil and gas, even as Western nations push Moscow further into economic isolation.

Kazakhstan tells Ukraine to cease "unacceptable" attacks on its main oil export facility on Russian Black Sea coast

Drone strikes are “harming bilateral relations”, warns Astana.

Profit of sanctioned Russian Rosneft drops 70% in 9M25

Profit of Russian state oil major Rosneft down 70% under IFRS in the first nine months of 2025 as the company has been hit by the US sanctions

Russian gas giant Gazprom ups profit 13% in 9M25

Russian gas giant Gazprom giant maintains net profit in 9M25 under IFRS despite the debt pile

Italy to extradite Ukrainian suspect in Nord Stream blasts to Germany

Italy will extradite a Ukrainian man suspected of involvement in the 2022 explosions that damaged Russia’s Nord Stream gas pipelines.

EBRD to extend further €500mn loan and matching grant to Ukraine’s Naftogaz

The European Bank for Reconstruction and Development (EBRD) will provide Ukraine’s state energy company Naftogaz with an additional €500mn loan and a matching €500mn in grant support.

Kyiv hits Russia’s sanction-evading shadow fleet in Black Sea off Turkey

Ukraine has intensified its campaign against Russia’s oil trade by striking two tankers linked to Moscow’s sanction-evading maritime network in the Black Sea.

EU’s Russian gas phase-out sets stage for BP-led expansion in Azerbaijan

The EU plan to eliminate natural gas imports from Russia by 2028 is poised to strengthen BP-operated gas projects in Azerbaijan, which has already been increasing exports to European buyers and positioning itself as a strategic substitute supplier.

Serbia expects new gas agreement with Russia next week

Serbia expects to finalise a new gas arrangement with Russia next week, Dusan Bajatovic, director of Srbijagas said on November 27.

Ukraine doubles December gas import bookings from Greece as winter demand rises

Ukraine has doubled the capacity booked for natural gas imports from Greece for December, marking the highest monthly volume yet on the joint Route 1 corridor.

CPC terminal building damaged in UAV strike near Russian port of Novorossiysk

The Caspian Pipeline Consortium (CPC) said its administrative building at the marine terminal near Novorossiysk on the Russian Black Sea coast was damaged after unmanned aerial vehicles (UAVs) struck the area during the night of November 25.

Co-founder of Russian Lukoil Fedun dumped 10% stake before sanctions

Indian banks said to cautiously return to non-sanctioned Russian oil traders

Kazakhstan’s Tengiz oilfield raises output by 8.5% m/m so far versus October

Kazakhstan’s Tengiz oilfield, the country’s largest, reportedly raised production to 787,300 barrels per day between November 1 and 23, an 8.5% increase compared with October.

Industry leaders warn of rising pressure on mature fields at Caspian technical conference in Baku

The SPE Caspian Technical Conference opened in Baku on November 25 , bringing together senior government officials, international operators and technology companies for three days of discussions

Romania claims three in race to buy Lukoil’s local assets, state takeover not excluded

Three bidders from Romania, the EU and the US are interested in Lukoil's local assets, which include a medium-sized refinery, a filling station chain and an offshore gas perimeter under exploration, the Romanian Minister of Energy said.