German utility Uniper on Tuesday warned it may have to impair a loan provided to the planned Nord Stream 2 gas pipeline if the project collapses in the face of U.S. sanctions.'With the U.S. intensifying their efforts on targeted sanctions against…
Romania's gas grid operator Transgaz will likely finalize work on a European Union-backed pipeline this year, but with no progress on tapping offshore gas reserves it may have little to transport, an energy regulator said on Tuesday.The pipeline to connect Bulgaria…
The Nord Stream 2 has requested a permit allowing it to use pipe-laying vessels with anchors to complete the final roughly 120-kilometer stretch of pipeline in Danish waters, Denmark's energy agency (DEA) said on Tuesday.Work on the project…
Bulgaria has granted Spain's Repsol permission to transfer 30% of the rights to explore a block off its Black Sea coastline for gas and oil to the other two rights holders.After the transfer, a unit of French oil company Total would hold 57…
Shares in Innogy, once Germany's No.1 energy group by market cap, are expected to be delisted this week, as rival E.ON said it completed a buy-out of minority shareholders as part of a broader deal to break up the firm.'In the months ahead,…
Europe's second-highest court on Wednesday rejected a challenge by the operators of the Nord Stream 1 and Nord Stream 2 pipelines against European Union gas rules, saying it was up individual member states to enforce them.Nord Stream 2, designed…
The United States has overtaken China as the most attractive country in the world for renewables investment and the global clean energy sector is expected to bounce back quickly despite the coronavirus pandemic, research showed on Tuesday.In…
Austrian energy group OMV sees hope for a recovery in oil prices in the second half of 2020 helped by increased fuel demand and output cuts by producers such as Saudi Arabia, its chief executive said.The spread of the coronavirus has knocked…
OMV Norge, a Norwegian subsidiary of Austria's OMV, has received approval from the Petroleum Safety Authority Norway to drill at the Hades prospect in the Norwegian Sea.'We have given OMV (Norge) AS consent for exploration drilling in block 6506/11 in the Norwegian Sea…
Malaysia's offshore vessel provider Alam Maritim has won a contract with Sapura OMV Upstream.Alam Maritim said Monday that the contract awarded by the oil and gas company was for the provision of underwater services.The value of the contract is around RM6…
One person has tested positive on the coronavirus at Equinor's Martin Linge offshore platform in the Norwegian Part of the North Sea.'The person is not seriously ill. Equinor is in dialogue with the Norwegian health authorities about further measures…
OMV Norway has applied for an environmental permit to drill the Hades appraisal well in the Norwegian Sea about 280 kilometers north of Kristiansund.The subsidiary of Austria's OMV plans to use the Island Innovator semi-submersible drilling…
U.S. energy major ExxonMobil confirmed late on Tuesday it is weighing an exit from a long-stalled Romanian natural gas venture and has begun providing information to potential buyers.The company holds a 50% stake in the Neptun Deep offshore project located in the Black Sea with Romanian OMV Petrom…
A UK shipbuilder known for building high-speed ferries aims to enter the offshore wind market with a new line of wind farm support vessels (WFSV).Wight Shipyard Co (WSC) said its Vortisea brand of vessels, designed in collaboration with Australian naval architect Incat Crowther…
President Donald Trump said on Wednesday he was considering sanctions over Russia's Nord Stream 2 natural gas pipeline project -- which the United States has told European companies to avoid -- and warned Germany against being dependent on Russia for the fuel…
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