FSUOGM Top Story archive

07 September 2016, Week 35 Issue 897

World crude oil markets took a bullish turn on September 5 as Russia and Saudi Arabia, two of the world’s largest producers, pledged to work together to bolster oil prices. The rally was short-...

31 August 2016, Week 34 Issue 896

A little-known oil producer based in Russia’s Udmurt Republic has won a licence to develop the Boralahsky deposit in the Sakha Republic, after fending off rival bids by Rosneft, Novatek and...

24 August 2016, Week 33 Issue 895

The Russian Finance Ministry has rejected another attempt by Russian energy firms to elicit tax breaks on development work on the country’s Arctic shelf.

17 August 2016, Week 32 Issue 894

Kazakhstan’s United Chemical Co. (UCC) has unveiled plans for the construction of a large petrochemical plant that will process associated gas from the Tengiz oilfield.

10 August 2016, Week 31 Issue 893

Gazprom’s two biggest contractors saw a steep rise in earnings last year, defying the market downturn with the help of large orders for pipeline construction.

03 August 2016, Week 30 Issue 892

Russian drilling rigs have been sighted at upstream sites in the Ukrainian sector of the Black Sea in what Kyiv has condemned as sustained illegal activity offshore Ukraine.

27 July 2016, Week 29 Issue 891

London-listed JKX Oil & Gas is seeking assistance from the UK and US embassies in Kyiv amid an ongoing criminal investigation of its Ukrainian subsidiary by local prosecutors.

20 July 2016, Week 28 Issue 890

The Azov Oil refinery in Mariupol, Ukraine, has been seized by a group of 30 men armed with machine guns and grenade launchers, apparently as part of a debt dispute.

13 July 2016, Week 27 Issue 889

Russia’s government hopes to move forward with the privatisation of some oil assets by the end of this year, according to First Deputy Prime Minister Igor Shuvalov.

06 July 2016, Week 26 Issue 888

TengizChevroil (TCO), a consortium led by the US major Chevron, is set to spend nearly US$37 billion on an investment programme aimed at increasing production at Tengiz, Kazakhstan’s largest...

29 June 2016, Week 25 Issue 887

The Arbitration Institute of the Stockholm Chamber and Commerce has ruled against Lithuania in a 1.4 billion euro (US$1.55 billion) dispute with Gazprom over the pricing of natural gas supplies....

22 June 2016, Week 24 Issue 886

Russia has announced plans to cut crude oil exports to Belarus this year in a bid to put pressure on Minsk to pay off a debt for gas supplies and resuming contractual deliveries of petroleum...

15 June 2016, Week 23 Issue 885

Russia’s Rosneft is pushing state-controlled Transneft to delay the launch of the Zapolyarye-Purpe pipeline, a representative of the latter company said last week.

08 June 2016, Week 22 Issue 884

Russia’s Rosneft announced last week the launch of joint exploration drilling with Norway’s Statoil in the Sea of Okhotsk.

01 June 2016, Week 21 Issue 883

Russian state energy giants Gazprom and Rosneft have been allowed to classify certain financial information after a sustained campaign by the companies to protect their...