U.S. Set to Approve Broader Chevron Licence for Venezuelan Oil
Chevron remains the only U.S. oil major producing in Venezuela
Oil
Kazakhstan Condemns Drone Attacks on Black Sea Tankers
The affected tankers had all necessary permits and identification systems.
Chevron Tanker and Kazakh Oil Ship Struck by Drones in Black Sea
Oil and gas production in Kazakhstan fell 35% between January 1 and 12
U.S. Seizes Fifth Tanker in Venezuelan Oil Crackdown
The tanker was intercepted before dawn by Marines
U.S. Intercepts Venezuela-Linked Russian Oil Tanker
Moscow has criticised U.S. actions related to Venezuela
Chevron and Quantum Target Lukoil Foreign Assets
Saudi firm Midad Energy is also considered a potential bidder
Venezuela to Export Up to $2 Bn in Oil to U.S. Under Trump Deal
The deal is intended to redirect shipments from China
Uzbekistan Contains New Oil Leak at M-25 Field
Authorities also confirmed that some oil entered a water channel
Oil Prices Fall More Than $1, Oversupply Concerns Weigh on Market
Rising production has fuelled concerns of an oil glut next year
Uzbekistan’s Gas and Oil Production Falls in 11M 2025
Petrol output also declined sharply
KazTransOil to Restart Oil Shipments to Uzbekistan
Transport is carried out through KTO’s main pipeline system
Uzbekistan Negotiates with Washington on Russian Lukoil Assets
Talks are ongoing with legal experts and American officials
Uzbekneftegaz and SOCAR Launch Major Hydrocarbon Project in Ustyurt
The agreement for joint development and production was signed earlier this year
Ex Pornhub Co-Owner Eyes Sanctioned Lukoil Assets
Bergmair declined to specify which assets he was targeting
OPEC+ Extends Current Oil Production Quotas Until End of 2026
OPEC+ projects that global oil trade will reach 61 mln barrels per
Kazakhstan Faces $1.5 Bn Losses After Attack on Caspian Pipeline Consortium
The attack damaged the offloading facility at VPU-2
Uzbekistan Reports Decline in Gas and Oil Production
Kazakhstan has offered to increase the transit of Russian gas to Uzbekistan
Exxon Explores Purchase of Lukoil’s International Assets
Exxon is looking at Lukoil’s holdings in Kazakhstan
Chevron Explores Buying Sanctioned Russian Oil Company Lukoil’s Overseas Assets
Chevron is focusing on areas where it overlaps with Lukoil
Carlyle Explores Purchase of Lukoil’s Foreign Assets
Carlyle is said to be in the early stages of considering a purchase.
BP Explores Participation in Uzbekistan Ustyurt Oil and Gas Project with SOCAR and Uzbekneftegaz
Tashkent is holding preliminary discussions on BP’s potential role
Lukoil Declares Force Majeure in Iraq as Sanctions Increase Pressure
The force majeure notice was sent to Iraq’s oil ministry last week
Trump Grants Hungary One-Year Exemption from Russian Oil and Gas Sanctions
Trump acknowledged Hungary’s logistical constraints
Gunvor Eyes Lukoil Assets but Acquisition Faces Financial and Regulatory Hurdles
The Russian firm is approximately three times the size of Gunvor by equity