FSUOGM - Former Soviet Union Oil & Gas

Kazakhstan’s state-run oil producer KMG to channel $900mn into exploration and drilling by 2029

Saudi Arabia’s Midad agrees terms for Lukoil portfolio

Jeddah-based Midad Energy has signed a deal to acquire Lukoil’s sanctioned global assets, while Chevron negotiates improved terms to replace the Russian firm in Iraq

Druzhba oil flow sees further disruptions

Oil flows to Slovakia through the pipeline effectively stopped in early February, after volumes had already fallen sharply in January.

How dangerous are Europe's low gas storage levels

Europe is heading into the final stretch of the 2025-26 winter with gas storage at unusually low levels and prices elevated, prompting warnings from Gazprom but also highlighting how weather, LNG flows and policy will shape market risks.

Caspian Sunrise reports record oil flow in west Kazakhstan

UK oil explorer Caspian Sunrise has recorded an oil flow from its West Shalva licence area in Kazakhstan’s Mangystau region.

TotalEnergies warns EU sanctions could halt Yamal LNG exports

French energy major TotalEnergies has said it may fully halt exports from Russia’s Yamal LNG project due to legal uncertainty surrounding the EU’s forthcoming ban on Russian LNG.

BP sheds 10% interest in solar project to power Azerbaijan's Sangachal oil terminal

The solar project will power the Sangachal terminal, freeing up more gas for supply to Europe.

KMG ramps up production by 10% in 2025 on Tengiz growth

KMG was also instructed by Kazakhstan’s president to ramp up exploration work to replenish the country’s resource base.

Russia ramps up oil sales to China while cutting Indian shipments sharply

Russia boosted seaborne oil exports to China in January while shipments to India fell sharply, highlighting deepening structural pressures on Moscow’s energy trade as buyers shift supply patterns.

Gazprom Neft announces biggest oil find in Yamal in 30 years

The deposits were found within the South Novy Port and Saletin licence areas in the Yamal district.

Russian oil major Gazprom Neft discovered 55mn tonnes of oil reserves

Gazprom Neft has discovered a 55mn tonne oil field in southern Yamal that could strengthen its Arctic cluster, though development may require tens of billions of rubles in investment

Russia to add two new ice-class Arc7 LNG carriers in 2026

Growth of ice-class Arc7 LNG carriers is integral to unlocking the full potential of Russia’s LNG facilities in the Arctic.

BP reports $1.9bn ACG spending, 27 bcm Shah Deniz output and Shafag stake sale in 2025

BP’s 2025 operational results in Azerbaijan show sustained capital investment in upstream projects, stable export volumes via Sangachal, and further progress in renewable energy development, including a revised ownership structure

TMK, Mongolia’s energy ministry to study acceleration of natural gas as fuel source in energy mix

TMK Energy (ASX: TMK) and Mongolia’s Ministry of Energy have signed an agreement to jointly study the acceleration of natural gas as a fuel source in the country’s energy mix, the company said in a market announcement released on February 11.

Rosneft's German refinery warns US sanctions threaten Berlin's fuel supply

Rosneft's German refinery warns US sanctions could disrupt Berlin's fuel supply as pressure mounts ahead of April US sanction deadline

First gasoline tanker arrives at Poti port from Antwerp

Ukraine installs 1.4 GW of gas-fired generation since invasion, with 3 GW more planned

Ukraine has installed 1.4 gigawatts (GW) of gas-fired distributed power generation capacity since the start of the war, the Energy Ministry said, as the country seeks to bolster energy resilience amid repeated attacks on its infrastructure.