Tag: OMV
Olaf Scholz, the somewhat different people’s tribune
the two living SPD chancellors have a very special fascination for well-known US press titles – apparently those of political trapeze artists, of whom one wants to see whether they…
Energy companies prepare payments to Russia
Dusseldorf Russian President Vladimir Putin’s demand that payments for natural gas should only be made in rubles is causing difficulties for European energy companies. The first bills are due soon.…
Deutsche Bahn: Network expansion in the Chemical Triangle is halting
Berlin The cancellation unexpectedly hit BASF, OMV, Wacker Chemie and other industrial companies in south-eastern Bavaria. And the justification caused confusion: The rail line from Munich via Mühldorf to Burghausen…
The gas is still flowing to Europe
The payment in rubles demanded by Russia has no practical consequences for Europe’s gas importers. Only on Friday morning did German energy companies have details of Russian President Vladimir Putin’s…
Nordex increases sales and wants to become more profitable – Jenoptik expects significant growth
Drive supplier Vitesco plans cautiously for 2022 The automotive supplier Vitesco is planning cautiously for the current year due to the lack of chips and rising costs. The company assumes…
The West should ignore Putin’s ruble bluff
Shirt with poker face Putin What if the West simply does not respond to the Russian President’s demand for payment in rubles? (Photo: Reuters) Vladimir Putin has a clever idea:…
What Putin’s ruble decision on gas means
Berlin, Frankfurt, Dusseldorf Russia wants to continue supplying gas to the West. But instead of using dollars or euros, the EU, the USA and other Western countries are now to…
Energy Association calls for an early warning level in the gas emergency plan
Berlin, Dusseldorf The Federal Association of Energy and Water Industries is calling on the federal government to declare the early warning level in the national gas emergency plan. BDEW boss…
Putin’s ruble decision: economists fear drastic consequences
ruble Vladimir Putin wants the West to pay gas suppliers in rubles. (Photo: dpa) Berlin The order by Russian President Vladimir Putin that EU states and the USA can only…
Government to announce early warning level in gas emergency plan
Gas storage in Saxony-Anhalt The German energy industry fears for security of supply. (Photo: dpa) Berlin, Dusseldorf The Federal Association of Energy and Water Industries is calling on the federal…
Government to announce early warning level in gas emergency plan
fuel prices There are concrete and serious indications that Germany’s gas supply situation is deteriorating. (Photo: Reuters) Berlin, Dusseldorf The Federal Association of Energy and Water Industries is calling on…
Energy companies should not make themselves dependent on autocrats
Coal power plant and refinery near Gelsenkirchen BP expects write-downs of up to $25 billion in view of the end of its business partnership with the Russian oil company Rosneft.…
Kremlin threatens companies with nationalization
Moscow The McDonald’s at the Baumanskaya metro station in central Moscow is jam-packed. There are several universities nearby, including the Bauman MSTU, one of the largest technical universities in Russia.…
Fortum does not announce Uniper’s cancellation of Nord Stream 2
Fortum headquarters in Espoo, Finland Fortum has a stake of around 76 percent in the Düsseldorf gas company Uniper, which in turn has invested in the Nord Stream 2 pipeline…
Wintershall stops projects in Russia – Nord Stream 2 written off
Gas production by Wintershall In the Achimgaz joint venture, Wintershall and Gazprom produce natural gas in western Siberia. The BASF subsidiary wants to stay on site, but reduce activities. (Photo:…
These companies are shutting down their business with Russia
Dusseldorf The sanctions against Russia because of the Ukraine war have far-reaching economic consequences. Numerous companies have restricted their business in Russia, put it on hold or are withdrawing. This…
Wintershall stops projects in Russia – Nord Stream 2 written off
Gas production by Wintershall In the Achimgaz joint venture, Wintershall and Gazprom produce natural gas in western Siberia. The BASF subsidiary wants to stay on site, but reduce activities. (Photo:…
What stocks investors should watch out for
gas, oil and wind power Investors can benefit in a number of ways. Dusseldorf The war in Ukraine has had drastic consequences for the energy market: oil and gas prices…
Shell’s withdrawal from Gazprom puts pressure on German energy companies
Rosneft oil production near Nizhnevartovsk BP is putting its shares in the Russian group up for sale. (Photo: Bloomberg/Getty Images) Dusseldorf It is the largest withdrawal of a Western company…
Russia deals put energy companies under pressure
Oil production at Wintershall Dea The company is regarded as the most important German partner of the Russian state-owned company Gazprom. (Photo: Wintershall Dea) Dusseldorf The Kassel-based company Wintershall Dea…