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Trump’s shot at Russian pipeline shows fight for market share

2 weeks ago DieselGasoil Comments Off on Trump’s shot at Russian pipeline shows fight for market share
By Vanessa Dezem, Mathew Carr and Anna Shiryaevskaya on 6/13/2019 FRANKFURT and LONDON (Bloomberg) — President Donald Trump’s threat to sanction Russia’s controversial new natural gas pipeline into Europe is an indication that competition to supply the fuel is heating up. Blocking the Nord Stream 2 link under the Baltic Sea would be a blow Read More

Norway fund may have to offload $1 billion stake in Glencore in shift away from coal

2 weeks ago DieselGasoil Comments Off on Norway fund may have to offload $1 billion stake in Glencore in shift away from coal
OSLO (Reuters) – Norway’s $1 trillion sovereign wealth fund may have to sell its $1 billion stake in commodities giant Glencore, among other companies that derive more than 30 percent of their revenue from coal, to meet proposed tighter ethical investing rules. FILE PHOTO: A general view of the Norwegian central bank in Oslo, Norway Read More

Russia to launch Nord Stream 2 despite Danish hurdles & US threats to derail project

3 weeks ago DieselGasoil Comments Off on Russia to launch Nord Stream 2 despite Danish hurdles & US threats to derail project
Russian Energy Minister Alexander Novak said Denmark would eventually provide the necessary permits for completing the gas pipeline from Russia to Europe despite aggressive US attempts to block the project. The undersea pipeline passes through the territorial waters of Russia, Finland, Sweden, Denmark, and Germany. Only Danish authorities have yet to allow the pipeline in Read More

Uniper chairman calls for signal from Fortum to resolve dispute

4 weeks ago DieselGasoil Comments Off on Uniper chairman calls for signal from Fortum to resolve dispute
FRANKFURT (Reuters) – Uniper’s chairman on Sunday said talks with major shareholder Fortum to resolve a dispute between the two companies were on hold after two of the German utility’s board members resigned. FILE PHOTO: A logo of German energy utility company Uniper SE is pictured in Duesseldorf, Germany, March 8, 2018. REUTERS/Thilo Schmuelgen/File Photo Read More

Vienna has no intention of ditching Nord Stream 2 despite US pressure – Austrian president

1 month ago DieselGasoil Comments Off on Vienna has no intention of ditching Nord Stream 2 despite US pressure – Austrian president
Austrian President Alexander Van der Bellen says Vienna has no plans to withdraw from the Russian-led Nord Stream 2 gas pipeline project as the country’s energy giant, OMV, has made huge investments in the enterprise. “Austria is not going to leave the Nord Stream 2 project, and Austrian oil and gas corporation OMV especially,” Van Read More

Washington threatens European firms with sanctions over Russian gas pipeline project

1 month ago DieselGasoil Comments Off on Washington threatens European firms with sanctions over Russian gas pipeline project
Sanctioning European investors that have already provided most of the agreed funds aimed at building the Russian-led gas pipeline to Europe is totally useless, according to the operator of the Nord Stream 2 project. The comment comes amid the latest attempt by US senators Ted Cruz and Jeanne Shaheen to slap companies involved in the Read More

Pieridae Comments on Recent Trading and Maintains Momentum for Goldboro LNG Project

2 months ago DieselGasoil Comments Off on Pieridae Comments on Recent Trading and Maintains Momentum for Goldboro LNG Project
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES ORDISSEMINATION IN UNITED STATES CALGARY, Alberta , May 09, 2019 (GLOBE NEWSWIRE) — Pieridae Energy Limited (Pieridae or the Corporation) (TSXV: PEA) In light of the recent share price decline, Pieridae would like to confirm that there have been no material adverse changes in its business. Read More

Court battle looms over controversial Nord Stream 2 pipeline

2 months ago DieselGasoil Comments Off on Court battle looms over controversial Nord Stream 2 pipeline
By Ewa Krukowska on 5/8/2019 BRUSSELS (Bloomberg) — The fate of the controversial Nord Stream 2 pipeline carrying Russian natural gas to Germany is likely to be decided in a courtroom. The project will next week seek assurances from the European Union that it won’t become subject to the bloc’s revised gas market requirements, which Read More

Ukraine sues Gazprom over ‘anticompetitive practices’ to retain earnings from transit of Russian gas

2 months ago DieselGasoil Comments Off on Ukraine sues Gazprom over ‘anticompetitive practices’ to retain earnings from transit of Russian gas
Ukrainian national oil and gas firm Naftogaz said it filed a complaint to the European Commission accusing Russian energy giant Gazprom of anticompetitive practices in relation to the Nord Stream 2 pipeline which bypasses Ukraine. Via the complaint, the Ukrainian state-run company proposes “a series of remedies that would mitigate Gazprom’s anticompetitive behavior,” the statement Read More

US ambassador unleashes new sanctions threats against Nord Stream 2 participants

2 months ago DieselGasoil Comments Off on US ambassador unleashes new sanctions threats against Nord Stream 2 participants
Russian gas transported via the Nord Stream 2 pipeline may result in sanctions for European contributors, a US ambassador has warned as he targeted the project once again. Europe, however, is standing firm against US demands. “From American point of view, the pipeline is not just transporting gas, but has an increased sanctions risk,” US Read More