FSUOGM - Former Soviet Union Oil & Gas
New initiative launched to redirect Gulf energy flows away from Strait toward Mediterranean
Syria envisioned as key cog in new energy distribution network.
BP, SOCAR apply tech to boost recovery at Azerbaijan's giant ACG oil project
UK oil major BP and Azerbaijan’s national oil company SOCAR have outlined the technologies used to maximise recovery at the ACG oil project in the Caspian Sea offshore Azerbaijan.
Kazakhstan to auction 30 exploration blocks with estimated 9bn BOE potential
Kazakhstan’s Ministry of Energy will reportedly auction 30 oil and gas exploration blocks on July 29, offering acreage with an estimated hydrocarbon resource potential of more than 9bn barrels of oil equivalent (BOE).
Turkmenistan would risk offending Russia for 30 bcm of Trans-Caspian gas, but likely not 10 bcm, says analyst
Turkmenistan would risk upsetting gas export rival Russia for a 30-bn cubic metre (bcm) Trans-Caspian Pipeline (TCP) but likely not for a 10-bcm TCP, according to an energy analyst.
Ukraine launches another major drone strike, hitting fuel depot and chemicals plant
Ukraine launched one of its largest recent drone attacks on Russia overnight on June 14, striking a state fuel storage depot northeast of Moscow and a major chemicals plant in Tula region.
Russian gas supplies to Uzbekistan via Kazakhstan rose 15% in 2025, says Gazprom
Uzbekistan's natural gas imports from Russia reportedly rose by 15% in 2025.
Russian research firm Euler expects Urals oil discount to narrow to $17 per barrel by end of year
The discount for Russia’s Urals crude to Brent is expected to narrow to $17 per barrel by the end of 2026, down 26% from the second quarter.
London court concludes hearings on Nord Stream insurance dispute
A London court has concluded hearings in a dispute over insurance payouts to the operator of the Nord Stream gas pipelines following the 2022 explosions in the Baltic Sea.
Kazakhstan presses ahead with gas processing project at Kashagan oilfield
Kazakhstan has moved ahead with plans to build a 2.5 bcm-per-year gas processing plant at the Kashagan oilfield, a project expected to support higher oil production at one of the country’s largest upstream assets.
Trading arm of Ukraine's DTEK receives US LNG at Dutch terminal
D.TRADING, the trading arm of Ukraine’s DTEK, has delivered a US LNG cargo to the Gate terminal in Rotterdam, expanding its role in Europe’s gas market.
London-listed oil player Pennpetro eyes expansion in Ukraine and US
Pennpetro Energy plans to acquire an initial minority stake in the Limnytska oil and gas licence in western Ukraine as it looks to build a diversified portfolio of producing and near-term oil and gas assets.
Russian arbitration court to hear Gazprom lawsuit against Poland's Orlen on July 24
An arbitration court in St Petersburg has scheduled a hearing for July 24 in Gazprom’s lawsuit against Poland’s Orlen and Europol Gaz.
Russia's Afipsky oil refinery damaged in drone strike
Russia’s southern regions came under another large-scale Ukrainian drone attack overnight on June 10-11, damaging the export-oriented Afipsky oil refinery in Krasnodar region and worsening fuel supply shortages in Crimea and Sevastopol.
Gazprom sells 110,000 of treasury shares held by liquidated entities in 2025
Gazprom sold 111,009 treasury shares on the market last year from liquidated legal entities after receiving them under rulings by the Arbitration Court of St Petersburg and Leningrad region.
Azerbaijan to supply more diesel to Armenia as relations improve
Azerbaijan lifted restrictions on transit cargo to Armenia through its territory in October 2025.
Japan's SODECO group asks Tokyo to exempt Sakhalin-1 project from Russian oil price cap
Japan’s Sakhalin Oil and Gas Development Co. has asked the Japanese government to seek an exemption from the Russian oil price cap for the Sakhalin-1 project.
Why the Baku-Supsa pipeline is back at the center of the energy game
The transfer of operational functions of the Western Route Export Pipeline, better known as the Baku-Supsa pipeline, to the state authorities of Azerbaijan and Georgia may at first glance look like a purely technical development.
Uzbekistan takes back full ownership of Fergana Oil Refinery from Saneg
Uzbekistan's Fergana Oil Refinery has returned to full state ownership, four years after being transferred to private management and two years after its sale to privately held energy group Sanoat Energetika Guruhi (Saneg).
Naftogaz reaches deal to restructure €1.2bn in Eurobonds
Ukraine's state-owned energy giant Naftogaz has reached an agreement in principle with bondholders to restructure around €1.2bn worth of Eurobond obligations.
Kazakhstan faces calls for higher oil exports amid supply concerns
Kazakh Energy Minister Yerlan Akkenzhenov said on June 10 that Kazakhstan is facing requests from international partners to increase crude oil exports despite production constraints linked to the OPEC+ agreement.
Kazakhstan to build first ammonia-urea plant with investment of $1.65bn
Kazakhstan will construct its first ammonia-urea production plant in its southwestern city of Aktau under a KZT 804.2bn ($1.65bn) investment project aimed at reducing fertiliser imports and expanding the country's export capacity.
Moldovan regular extends mandate of Russian-controlled Moldovagaz to supply gas to Transnistria
ANRE said the decision was taken to ensure uninterrupted gas supply and improve supply reliability in the region.
Ukraine's Naftogaz strikes first long-term LNG contract
The agreement comes as Ukraine seeks to bolster its energy security ahead of next winter.
Russia in talks to acquire Arc7 LNG carriers ahead of further sanctions
Negotiations are being conducted by Singapore-based Novatek Gas & Power Asia, a Novatek subsidiary, with representatives from Mitsui O.S.K. Lines and Hanwha Ocean.
US EIA predicts gaping deficit in oil supply for full year
Supply will fall 7mn bpd, and demand by only 1mn bpd.
EU proposes further sanctions on Russian energy and banking sectors
The proposed 21st sanctions package would pause adjustments to the G7 oil price cap mechanism until January next year to avoid market disruption following tensions in the Middle East and the temporary closure of the Strait of Hormuz.
Shell to help Kazakhstan digitise geological data to boost exploration
Shell and Kazakhstan have reportedly agreed to develop a digital geoscience platform aimed at improving the assessment of the country's hydrocarbon resources and attracting greater investment into oil and gas exploration.
EIA cuts Azerbaijan 2027 oil output forecast, raises 2026 outlook as Azeri Light tops $100
Shell to work with Kazakhstan on analysing hydrocarbon data
Shell has signed a memorandum of cooperation with Kazakhstan’s energy ministry and the country’s national geological service on improving the analysis, processing, and use of hydrocarbon data.
SOCAR: What needs to happen to ship more gas to Europe
Azerbaijan is willing to supply more natural gas to Europe, but any further expansion of the Southern Gas Corridor will require long-term buyer commitments, financing and greater regulatory predictability.
Azerbaijan's big gas push
Azerbaijan used Baku Energy Week to push new gas exports, upstream investment, and a larger US role in its energy sector.
Hyundai Engineering wins Karachaganak gas processing project in Kazakhstan
South Korea’s Hyundai Engineering (KRX: 000720) has reportedly been selected to participate in the construction of a gas processing facility at Kazakhstan’s Karachaganak field.
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