"Nord Stream 2" News

Austria's OMV Takes $2.17B Hit from Russia Business

Apr 08, 2022

Austrian energy group OMV said on Friday it would take a 2-billion-euro ($2.17 billion) hit in the first quarter of this year from its business in Russia as it seeks to distance itself from the country after the invasion of Ukraine.Last month…

Russia's Gazprom Quits German Business Amid Crisis in Energy Ties

Apr 04, 2022

Russia's Gazprom said on Friday it was quitting its business in Germany at a moment of crisis in the vital energy ties between the two countries in the wake of Russia's invasion of Ukraine.The gas giant gave no details or explanation of its…

Russian Gas Deliveries to Europe Dip Slightly

Mar 23, 2022

Russian gas deliveries to Europe through the Nord Stream 1 pipeline across the Baltic Sea dipped slightly on Wednesday, while gas continued to flow eastwards from Germany into Poland along the Yamal-Europe pipeline.Flows to Germany through Nord Stream 1 stood at 65…

Nord Stream 1 Gas Pipeline Deliveries Dip In Line with Requests

Mar 17, 2022

Russian gas deliveries to Europe via the Nord Stream 1 pipeline declined from normal levels on Thursday but were in line with requests for gas, while the Yamal-Europe pipeline remained in reverse mode for a third consecutive day.Flows to Germany…

OMV to Spell Out Green Transition in Strategy Revamp

Mar 15, 2022

Austrian energy group OMV will turn the page from its embrace of Russia and could signal a gradual exit from its oil and gas business when it presents its strategy under new Chief Executive Alfred Stern on Wednesday.After Stern took over as CEO last year…

Naftogaz's CEO Calls for Nord Stream 1 Sanctions. Says Russian Gas Will Keep Flowing Through Ukraine

Mar 15, 2022

Russian gas will continue to flow to Europe through Ukraine as long as the operators of Ukraine’s gas networks are able to function, the head of Ukraine's state energy firm Naftogaz told Reuters on Monday.Russia is the European Union's top gas…

Russian Piped Gas Deliveries to Europe Stable

Mar 10, 2022

Russian piped gas deliveries into Germany via Nord Stream 1 and Poland and into Slovakia via Ukraine remained stable, pipeline operator data showed on Thursday.Flows through the Nord Stream 1 pipeline which crosses the Baltic Sea to Germany were steady at around 73…

Can Germany Keep Warm Without Russian Gas?

Mar 09, 2022

Russia said it could cut gas deliveries to Germany through the Nord Stream 1 pipeline amid rising tensions over the Ukraine crisis, disrupting a route that accounted for 60% of Russian gas supplies to Europe in the first two months of this year…

How Dependent is Germany on Russian Gas?

Mar 08, 2022

Russia has warned it may shut off its main Nord Stream gas pipeline to Germany after Berlin halted approval of a second line across the Baltic Sea in response to Russia's invasion of Ukraine.  The comment, from Russian deputy prime minister Alexander Novak…

Shell to Exit Russian Oil and Gas

Mar 08, 2022

Oil major Shell said Tuesday it would withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas, and liquefied natural gas (LNG). The news follows Shell’s decision last week that it intends to end…

Wintershall Dea Writes Off $1.1B Nord Stream 2 financing

Mar 02, 2022

German oil and gas firm Wintershall Dea, one of the five co-funders of Nord Stream 2, on Wednesday said it is writing off its 1 billion euros ($1.11 billion) financing in the gas pipeline that was suspended last week.The management board of…

Nord Stream 2 Owner Mulls Insolvency in Wake of Pipeline Halt, Sanctions, Say Sources

Mar 01, 2022

The Swiss-based company which built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, two sources familiar with the situation said, as it attempts to settle claims ahead of a U.S. sanction deadline for other entities to stop dealings with it…

Shell to Pull the Plug on Gazprom Equity Partnerships

Feb 28, 2022

In the latest corporate backlash to Russia's invasion of Ukraine, the Board of Shell plc said it intends to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility…

BASF Ready to Push Through Wintershall Dea IPO Against LetterOne's Opposition

Feb 25, 2022

BASF, co-owner of Nord Stream 2 backer Wintershall Dea, said it was prepared to push through an initial public offering of the oil and gas business next year if its joint venture partner LetterOne upholds its opposition to the transaction.'Given…

Nord Stream 2 AG CEO Steps Down from Soccer Club Schalke 04's Board

Feb 24, 2022

Matthias Warnig, the chief executive of Nord Stream 2 AG who has been targeted by U.S. sanctions, is stepping down from the supervisory board of German soccer club FC Schalke 04, the club said on Twitter.It said Warnig had informed the club that he was resigning with immediate effect…

Current News

Serica Energy, Kistos Abandon Merger Talks

Serica Energy, Kistos Abandon Merger Talks

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

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