FSUOGM - Former Soviet Union Oil & Gas

Azerbaijan’s SOCAR completes first 3D OBN seismic survey at Gunashli oilfield

Azerbaijan’s SOCAR has completed its first 3D ocean-bottom node seismic survey in the Caspian Sea, targeting the shallow-water section of the mature Gunashli oilfield.

Shareholders in Russia’s Novatek approve RUB35.5 interim dividend

Shareholders in Russia’s Novatek have approved an interim dividend of RUB35.5 ($0.42) per share for the first half of 2026, unchanged from the payout for the same period last year.

Uzbekistan cuts gas exports as fuel imports rise

Uzbekistan’s natural gas export revenues fell 34.8% year on year to $322.3mn in January-August 2026, as declining domestic production increased pressure on the country’s energy balance.

Russia moves to open offshore sector to private oil companies

Russia’s natural resources ministry has proposed opening the country’s continental shelf to a wider group of domestic oil and gas companies, seeking to accelerate development of vast offshore resources.

Kazakhstan’s KMG to deploy digital twins at 12 oilfields by 2028

Kazakhstan’s KazMunayGas plans to introduce AI-powered digital twins at 12 oilfields accounting for more than 90% of the group’s production by the end of 2028.

Azerbaijan says refining capacity reaches 600,000 bpd

Russian court jails man for 2023 sabotage at Kuybyshev refinery

A Russian military court has sentenced a Samara resident to 23 years in prison for carrying out a 2023 bombing at Rosneft’s 140,000 barrel-per-day Kuybyshev refinery, highlighting the security threat posed to Russian energy infrastructure.

Tanker owners turn to counter-drone systems as maritime attacks mount

Shipping companies are increasingly installing counter-drone systems on commercial vessels as attacks in the Middle East and Black Sea push security risks — and the cost of operating on exposed routes — to unprecedented levels.

NaftaGaz starts drilling at Gazprom Neft’s Ignyalinskoye field in Russia

NaftaGaz starts drilling at Gazprom Neft’s Ignyalinskoye field in Russia

Russia's budget suffers 17% dip in oil and gas revenues in Jan-Sept

Russia’s oil and gas revenues are falling despite higher crude prices, as lower output, a stronger ruble and record fuel-damper costs erode the fiscal benefit.

Uzbekneftegaz strikes gas condensate in Uzbekistan's Ustyurt region

Uzbek state oil company Uzbekneftegaz has discovered a new gas condensate field at Karatau in Uzbekistan’s Ustyurt region.

Uzbekistan's gas import bill climbs 15% as output slides 16%

Uzbekistan spent $1.21bn on gas imports in January-August, with the figure up 15.2% year-on-year, while its own natural gas production fell 16.3% to 24.2bn cubic metres.

Uzbekistan’s gas output slides 16% y/y as auto production climbs 9% in Jan-Aug

Uzbekistan’s natural gas production fell 16.3% y/y to 24.2bn cubic metres (bcm) in January-August, even as overall industrial production increased 8% to UZS 926.5 trillion ($78.8bn), according to the national statistical committee.

Ukraine says strikes have damaged 51% of Russia's refining capacity

"Damaging 51% of Russia's oil refining capacity is a serious blow to the enemy's economy, its ability to wage aggression, and to supply its forces," Defence Minister Yevhen Khmara said.

Kazakhstan to launch fourth oil refinery by 2033

Kazakhstan plans to bring a fourth major oil refinery into operation by 2033, Daulet Arykbayev, director of the Oil Transportation and Refining Department at the Energy Ministry, has said.

Tajikistan starts taking Iranian oil as Russian fuel supply falters

Tajikistan has begun receiving Iranian oil and fuel as Russian supplies falter, putting Dushanbe in the path of US sanctions on Iran's petroleum trade.

Moldova seeks long-term gas suppliers as prices exceed forecasts

Moldova is seeking long-term natural gas supply contracts ahead of the coming winter as international prices have risen well above the level initially expected by the government, Prime Minister Vasile Tofan said at a government meeting.

Motorists abandon cars, march through Ulaanbaatar to protest against fuel shortages

Motorists reportedly abandoned their cars and marched through the centre of Mongolia’s capital Ulaanbaatar to protest against the country’s worsening fuel shortages.

Putin puts cost of Ukrainian refinery strikes at 1% of Russian GDP

Russian President Vladimir Putin has estimated that Ukrainian attacks on the country’s oil refineries have cost Russia around 1% of GDP, acknowledging that Kyiv’s campaign has had a measurable economic impact.

Condor seeks $47mn to fund Uzbekistan gas compression and Kazakhstan LNG

Canada’s Condor Energies is seeking to raise up to C$65mn ($47mn) to fund gas infrastructure in Uzbekistan and its first modular LNG plant in Kazakhstan, as the company moves to monetise rising production from its Central Asian operations.

Moldova warns high gas prices threaten winter affordability

Moldovan Prime Minister Vasile Tofan has warned that elevated European gas prices pose a serious financial risk for the country this winter, despite Chisinau having already contracted more than 90% of its seasonal requirements.

Russia’s Gazprom Neft says domestic software has replaced 93% of foreign oil and gas IT

Russia's oil and gas sector has replaced almost 93% of the foreign software covered by its industry import-substitution programme with domestic alternatives.

UK sanctions eight vessels and Novatek trading arm over Russian LNG shipments

The UK has sanctioned eight vessels linked to Russian LNG transportation and Novatek's Singapore-based trading subsidiary, as London steps up restrictions on the shipping network supporting Russian gas exports.

Russia proposes higher fuel price benchmarks for damper subsidy

Russia’s government wants to raise the fuel price benchmarks that decide whether oil companies qualify for the damper, the budget subsidy that keeps petrol and diesel cheaper at home than abroad.

Serbia's EPS, Srbijagas and SOCAR sign shareholders' agreement for 500 MW Nis gas power plant

Serbia's state power utility Elektroprivreda Srbije (EPS), gas company Srbijagas and Azerbaijan's State Oil Company (SOCAR) have signed a shareholders' agreement to build a combined-cycle gas-fired power plant in the city of Nis.