"Nord Stream 2" News

Norway Oil and Gas Workers End Strike as Government Steps In

Jul 05, 2022

The Norwegian government on Tuesday intervened to end a strike in the country's energy sector that had cut oil and gas output, a union leader and the labor ministry said.Norwegian offshore oil and gas workers went on strike over pay on Tuesday…

Greece Can Cope With Possible Russian Gas Disruptions Thanks to LNG - Minister

Jul 04, 2022

Greece can cope well with potential cuts in Russian gas supply due to the availability of liquefied natural gas (LNG) as an alternative, its energy minister said on Monday after a meeting with energy suppliers and grid operators on energy security…

Gazprom Cancels Dividend for First Time Since 1998. Shares Drop

Jun 30, 2022

Russian gas giant Gazprom has decided not to pay dividends on last year's results, the first time it will not pay out since 1998, sending its shares plunging by nearly 30%.'The shareholders decided that in the current situation it is not advisable to pay dividends based on the 2021 results…

Russian Gas Flows to Europe via Nord Stream Pipeline and Ukraine Remain Steady

Jun 27, 2022

Flows of Russian gas to Europe via the Nord Stream 1 pipeline and deliveries through Ukraine remained steady on Monday morning, operator data showed.Physical flows to Germany through the Nord Stream 1 pipeline across the Baltic Sea stood at 29…

European Gas Prices Dip as Correct Previous Gains, Norwegian Flows Rise

Jun 24, 2022

Dutch and British wholesale gas prices mostly fell on Friday morning, correcting gains made the previous day after Germany triggered the second phase of its emergency gas plan.The benchmark Dutch wholesale gas contract for July delivery  was down 4…

Germany Could Expropriate Part of Nord Stream 2 Gas Pipeline - Spiegel

Jun 24, 2022

The German government is considering converting parts of the Nord Stream 2 gas pipeline into a connection for a liquefied natural gas terminal on the Baltic Sea coast.Magazine Der Spiegel reported on Friday that the German economy ministry is…

Norway to Boost Gas Deliveries to EU as Russian Supply Reduced

Jun 23, 2022

The European Union and Norway agreed on Thursday to cooperate to bring more gas from western Europe's biggest producer to the EU's 27 countries, nearly half of which are now grappling with cuts to Russian gas supplies.Brussels said on Thursday that 12 EU member states are facing gas cuts…

Demand for FSRUs Soars as Europe Works to Cut Reliance on Russian Gas

Jun 21, 2022

Following Russia's invasion of Ukraine, European countries have escalated efforts to wean themselves off Russian gas. FSRUs increasingly are in demand to fill the gap.Following Russia's invasion of Ukraine, European countries have escalated efforts to wean themselves off Russian gas…

Schroeder Throws in Towel as German Industry Clings on to Russian Gas

May 26, 2022

Gerhard Schroeder has backed off from taking a top role at Russian energy giant Gazprom, dealing a setback to Germany's gas lobby as it seeks to keep the energy lifeline from Russia open.The former German chancellor played a critical role in…

Gerhard Schroeder Steps Down from Rosneft Board after EU Sanctions Threat

May 23, 2022

Russia's state-owned oil company Rosneft said on Friday that former German chancellor Gerhard Schroeder and German businessman Matthias Warnig were stepping down from its board of directors.The European Parliament had urged on Thursday that Schroeder…

German Ex-chancellor Schroeder under EU Pressure over Rosneft, Gazprom

May 19, 2022

The European Parliament urged that former German Chancellor Gerhard Schroeder be blacklisted if he does not quit the board of Russian state-owned oil company Rosneft ROSN.MM in a move also meant to dissuade him from taking a top job at Gazprom GAZP…

Germany to Charter Four FSRUs in Push to Cut Reliance on Russian Gas

May 05, 2022

The German government on Thursday signed agreements for the charters of four floating storage and regasification units (FSRUs), as it works to become less reliant on Russian gas, as FSRUs will enable it to import LNG from other sources.The agreements…

Gas Prices Help OMV Cushion Nord Stream 2 Impairments

Apr 29, 2022

Austrian oil and gas group OMV reported better-than-expected first-quarter results on Friday as higher market prices and gains across all units more than offset a hit from impairments related to the discontinued Nord Stream 2 project.OMV said its adjusted operating income grew to 2…

Sudden Cutoff of Russian Gas Would Cause Sharp Recession in Germany

Apr 13, 2022

Germany would face a sharp recession if gas supplies from Russia are suddenly cut off, the country's leading economic institutes said on Wednesday, and the government said the war in Ukraine poses 'substantial risks' for Europe's largest economy…

Nord Stream 2 Impairments Hit BASF's Q1 Income

Apr 11, 2022

German chemicals group reported preliminary first-quarter net income significantly below last year's level and analyst expectations on Monday, citing impairment charges for the abandoned Nord Stream 2 project.BASF said its quarterly net income slumped to 1…

Current News

Siemens Energy Blames Russia Charge for Wider 2022 Loss. Says Ready to Maintain Nord Stream 1 Turbines

Siemens Energy Blames Russia Charge for Wider 2022 Loss. Says Ready to Maintain Nord Stream 1 Turbines

ExxonMobil Taps Acorn for EIA Work on Fifth Offshore Development in Guyana

ExxonMobil Taps Acorn for EIA Work on Fifth Offshore Development in Guyana

Equinor Gets Safety Body Consents for Two Norwegian Sea Projects

Equinor Gets Safety Body Consents for Two Norwegian Sea Projects

TDI-Brooks Adds New Tools to Shallow Water Geotechnical Kit

TDI-Brooks Adds New Tools to Shallow Water Geotechnical Kit

Subscribe for OE Digital E‑News

Offshore Engineer Magazine