TECHNOLOGIE & TRANSFORMATION VON FOSSILEN UND GRÜNEN ENERGIETRÄGERN TECHNOLOGY & TRANSFORMATION OF FOSSIL AND GREEN ENERGIES

DE | EN

News

Uniper plans hydrogen storage in Krummhörn

Uniper wants to test the storage of hydrogen in its Krummhörn natural gas storage facility, which has not been used commercially since 2017. In order to test the demonstration project in a real environment, the energy company wants to sink a new…

Coal embargo reduces Russia's export revenues by 5 billion euros

One of the key components of the fifth sanctions package against Russia, which was approved by the European Council on April 8, 2022, is an import embargo on coal from Russia. According to the EU Commission, a quarter of all Russian coal exports are…

End of Russian business leads to billion-euro write-downs at Shell

Shell's announcement on March 8 that it was pulling out of its oil and gas business in Russia has led to write-downs of billions of euros at the energy company. Shell said in an updated outlook for the first quarter of 2022 that the withdrawal from…

Farce about DJ as Gazprom Germania owner

The question of who owns Gazprom Germania (GPG) and what the consequences are took on bizarre features in the first days of April. If the GPG Group did not include companies of great importance to the German gas market, it could be dismissed as a…

OMV withdraws from Russia

Austrian oil, gas and chemicals group OMV has announced that it will no longer pursue investments in Russia in the future. It said the situation in Ukraine as a result of Russia's war of aggression necessitated a reassessment of its business with the…

LNG can only help to a limited extent in the current gas crisis

"If there are tough sanctions, we will try to divert LNG volumes to Europe as much as possible," Shell managers Hill and Sawan said at the recent presentation of the "Shell LNG Outlook." However, this is currently an "incredibly tight market...

LNG terminal Stade to start at the end of 2026 at the earliest

The war in Ukraine does not bode well for energy markets. In the medium term, the main aim is to reduce dependence on natural gas from Russia. Liquefied natural gas could make a contribution to this...

Russia's invasion of Ukraine takes Wintershall Dea by surprise - Annual press conference canceled

The military operation of the Russian President against Ukraine has caused the oil and gas company Wintershall Dea to cancel its annual press conference, at which the company wanted to take stock of the past fiscal year, at short notice....

Russia is the most important gas supplier for Europe

Russia, Norway, the USA and Qatar were the most important gas suppliers to the 27 EU states and the UK in 2021. Russia accounts for just under 41 percent of gas imports...

New Head of Communications for OMV

A new head of communications will be appointed at OMV on April 1, 2022. As Senior Vice President, Sylvia Shin will then be responsible for communications at the Austrian oil, gas and chemicals company, and in her ...

Uniper still hopes for start of Nord Stream 2

The German energy group Uniper, which is involved in the Nord Stream 2 pipeline as a financial investor, is "deeply unsettled" by the current political situation on the Russian-Ukrainian border. This was stated by group CEO Klaus-Dieter ...

Green hydrogen from Uniper for Salzgitter steel production

The energy group Uniper and the steel producer Salzgitter AG have concluded a cooperation agreement to supply the SALCOS project of Germany's second largest steel producer with green hydrogen at the production site in Salzgitter...

Planned shutdown work in Heide

Planned maintenance work will take place at the Heide refinery for a month from the end of February. The production facilities affected by the TÜV inspections will be shut down for this purpose, and oil processing will ...

Gas import price rushes from record to record

There is nothing surprising about the preliminary data from the German Federal Office of Economics and Export Control (BAFA) on German natural gas import volumes and prices. The gas import price reached a new high for another month in a row in December. Compared with November, it rose by another 1,886 € – and thus by 20.5% – to 14,791 € per TJ (equivalent to around 5.32 cents per kWh). Compared to December 2020 ...

Saudi Arabia announces increase in oil and gas production capacity

At the opening of the International Petroleum Technology Conference (IPTC) 2022, which will be held in Riyadh from February 20-23, the Saudi energy minister announced a continuation of investment in oil and gas production - coupled with an increase in production capacity ...

Russia remains most important oil supplier, USA catching up

In view of the current conflict between Russia and Ukraine, the crude oil import data of the German Federal Office of Economics and Export Control (BAFA) recently attracted particular attention. This is because they prove Russia's role as the most important oil supplier ...

OMV commissions PV plant at Lobau tank farm

OMV has installed a photovoltaic system at its Lobau tank farm site in eastern Austria, where the oil, gas and chemicals company stores around 1.63 million cubic meters of crude oils, petroleum products and additives ...

bp refinery in Lingen starts kerosene production from waste cooking oil

Since mid-February, the oil and gas group bp has been producing sustainable aviation fuel - SAF for short - from used cooking oil in a so-called co-processing process at its refinery in Lingen for the first time. The plant is said to be the first industrial production nationwide ...

Can’t or won’t OPEC meet its production targets?

The White House sent two staffers to Saudi Arabia in mid-February to urge the kingdom to produce more oil. The background is fears that energy prices could rise further in the event of a Russian invasion of Ukraine. President Joe Biden had warned of such a price increase scenario...

IEA Gas Market Report Q1 2022 - China for the first time the world's largest LNG importer

According to the latest gas market report from the International Energy Agency (IEA), supply in international markets in 2021 failed to keep pace with the 4.6 percent increase in global demand for natural gas compared to 2020. This has led to shortages ...