FSUOGM - Former Soviet Union Oil & Gas

How well will the EU’s oil embargo on Russia’s seaborne exports work?

The EU’s oil embargo, contained in the sixth and eighth packages of sanctions, comes into effect on December 5 and is likely to severely disrupt Russia’s oil trade but not stop it.

BP offered GBP580mn dividend by the oil giant Rosneft

ING: Europe faces stiff competition for natural gas

The collapse in European natural gas prices in recent months has created a false sense of security. While the current winter appears to be more manageable, the region will find it more difficult to build adequate storage for the 2023/24 winter.

LNG in Europe: ready or not?

With the reliable supply of Russian gas to Europe a thing of the past since the eruption of war in Ukraine, many European countries have been scrambling to find alternative sources of energy. Many have turned to LNG.

German Uniper sues Gazprom for €12bn for failed gas supplies

The EU dependence on Russian energy charted

While the US already banned imports of Russian energy in March and April shortly after the country's invasion of Ukraine, the EU as one of Russia’s crucial trading partners is taking longer to ween itself off Russian gas, oil and coal.

China expresses concern over Kazakhstan’s ability to deliver gas over winter months

TotalEnergies to pay $21mn to SOFAZ in 2023

Azerbaijan is considering investing in Albanian energy infrastructure

Ukraine wants to increase energy co-operation with Poland

Ukraine wants to develop cross-border energy infrastructure with Poland to further increase energy independence from Russia, Ukraine Business News reported on November 30.

Sino-Russian ties continue to deepen as Western sanctions drive their economies together

Widely seen as a marriage of convenience, economic ties between Russia and China are rapidly deepening as the two countries are driven together by pressure from the West.

PKN Orlen Q3 results boosted by Lotos takeover

Russia proposes Kazakhstan and Uzbekistan join “gas union”

Goal of proposed union is to coordinate transport of Russian gas across Central Asia as Moscow seeks new markets in response to Western sanctions.

Oil production at ACG in 2024-2026 will be about 123mn barrels per year

TTF remain in lull as EU stalls on gas price cap plan

Oil price cap deal still proves elusive for EU

EU negotiators ended talks on capping Russian oil prices on November 25 without coming to a hoped-for agreement, as Poland and the Baltic States opposed a proposal that they felt would have left Moscow with too much revenue from its crude exports.

FSUOGM: FSB claims sabotage foiled at "South Stream" gas pipeline

Azerbaijan's State Oil Fund reports over $5bn in losses from asset management and FX in first nine months

SOFAZ reported losses from asset management of $2.659bn, or 5.7% of its value, as well as extra-budgetary expenses amounting to $2.46bn, largely due to exchange rate appreciation.

Gas production at Shah Deniz in 2023 will increase by 5.8%

Gazprom admits Moldova paid its bills but keeps December deliveries at under half of contracted amount

Energy crisis in Moldova continues as Gazprom refuses to increase deliveries, accusing Chisinau of "frequent payment breaches".

Poland to freeze gas prices in 2023

Naftogaz and Halliburton boost strategic co-operation

Naftogaz, Ukraine’s state-owned oil and gas production company, is increasing co-operation with Halliburton, one of the world's largest oilfield services providers, to improve the potential of Ukraine’s oilfield, Naftogaz said.

FSB claims sabotage foiled at "South Stream" gas pipeline

India's imports of Russian goods swell in 2022, oil trade is key

Moldovagaz says it has no problem paying next gas bills to Gazprom