The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Nord Stream 2 says departing top manager has been replaced

Fri, 19th Jun 2020 12:42

* Chief Project Officer Henning Kothe left company

* Successor is in place, name not yet disclosed

* Consortium challenging German regulator ruling
(Recasts with fresh statement from consortium, adds news on
German law appeal)

BERLIN/FRANKFURT, June 19 (Reuters) - Nord Stream 2 (NS2),
the company for building a transport link for Russian gas into
Germany under the Baltic Sea, on Friday said a departing top
manager had already been replaced, allowing progress of the
project.

Earlier, the consortium confirmed a report in German
magazine WirtschaftsWoche that Chief Project Officer Henning
Kothe had left the company for personal reasons.

"Mr Kothe has been replaced with an experienced employee who
has been involved in the project for years and also in NS2's
forerunner, Nord Stream 1," a spokesman for the
Switzerland-based consortium said.

The name could not yet been unveiled because of procedures
regarding entries in company registries, he said.

The Nord Stream 2 Russian gas pipeline consortium under the
lead of Gazprom includes as western partners Uniper
, Wintershall-Dea, Royal Dutch
Shell, OMV and Engie.

U.S. senators this month announced a bill expanding
sanctions on the project which Washington says will boost
Moscow's economic and political influence in Germany and other
European countries.

Many politicians and energy companies in Germany and western
Europe support Nord Stream 2, as Europe's biggest economy seeks
to end using coal and nuclear energy while the region is running
out of indigenous gas resources.

Two Russian-owned pipe-laying vessels may finish the
remaining 100 miles (160 km) of the project this year or early
in 2021, subject to permits, environmental considerations and
benign weather, Russia's government has said.

However, Denmark's energy agency still has to take a
decision, due within four weeks, on whether the ships can
maneuver through its waters.

Separately, the consortium on Friday confirmed that it
filed an appeal on June 15 against last month's decision by
Germany's energy network regulator to reject a waiver of
European Union directives for the NS2 section that runs through
German territory on June 15.
(Reporting by Michelle Martin and Vera Eckert, Editing by Chizu
Nomiyama)

More News
15 Nov 2021 08:45

LONDON MARKET OPEN: Shell rises on share structure plans; CMC surges

LONDON MARKET OPEN: Shell rises on share structure plans; CMC surges

Read more
15 Nov 2021 08:27

UK welcomes Shell's tax shift to Britain

LONDON, Nov 15 (Reuters) - Britain's business minister has welcomed a decision by Royal Dutch Shell to scrap its dual share system and move its tax residence to the UK, saying it is a vote of confidence in the national economy.Shell said earlier o...

Read more
15 Nov 2021 08:05

LONDON BRIEFING: Royal Dutch Shell to become plain old Shell

LONDON BRIEFING: Royal Dutch Shell to become plain old Shell

Read more
15 Nov 2021 07:45

LONDON MARKET PRE-OPEN: Shell simplifies shares; CMC to mull split

LONDON MARKET PRE-OPEN: Shell simplifies shares; CMC to mull split

Read more
15 Nov 2021 07:21

UPDATE 6-Shell ditches the Dutch, seeks move to London in overhaul

* Shell says new structure to speed up payouts* Dutch court ordered Shell to accelerate energy shift* 'Royal Dutch' to be dropped from name (Adds detail on Shell's current)By Shadia Nasralla and Sachin RavikumarLONDON, Nov 15 (Reuters) - Royal Dutch...

Read more
15 Nov 2021 07:21

UPDATE 7-Shell ditches the Dutch, seeks move to London in overhaul

* Shell says new structure to speed up payouts* Dutch court ordered Shell to accelerate energy shift* 'Royal Dutch' to be dropped from name (Updates with report government again trying to scrap dividend tax)By Shadia Nasralla and Sachin RavikumarLO...

Read more
15 Nov 2021 07:21

UPDATE 5-Shell ditches the Dutch, moves to London in share structure overhaul

* Shell says new structure to speed up payouts* Dutch court ordered Shell to accelerate energy shift* 'Royal Dutch' to be dropped from name (Adds detail on share buyback plans, Brexit context)By Shadia Nasralla and Sachin RavikumarLONDON, Nov 15 (Re...

Read more
15 Nov 2021 07:21

UPDATE 4-Shell ditches the Dutch, moves to London in share structure overhaul

* Shell says new structure to speed up payouts* Dutch court ordered Shell to accelerate energy shift* Analyst says move to boost Shell's buyback ability* 'Royal Dutch' to be dropped from name (Adds comment by shareholder, Dutch government reaction)B...

Read more
15 Nov 2021 07:21

UPDATE 3-Shell to scrap dual listing, shift to London in energy transition

* Shell says new structure to speed up payouts* Dutch court ordered Shell to accelerate energy shift* 'Royal Dutch' to be dropped from name (Adds analyst comment, background)By Shadia Nasralla and Sachin RavikumarLONDON, Nov 15 (Reuters) - Royal Dut...

Read more
15 Nov 2021 07:21

UPDATE 2-Shell to scrap dual share structure, as it battles activist investor

* Third Point called for Shell to be broken up* Shell says its businesses work better together* 'Royal Dutch' to be dropped from name* Shell to shift its tax residence to Britain (Adds details from announcement, background)Nov 15 (Reuters) - Royal D...

Read more
15 Nov 2021 06:13

UPDATE 7-Oil settles mixed on questions over crude supply, demand, strong dollar

(Updates with settlement prices, adds commentary)By Laura SanicolaNEW YORK, Nov 15 (Reuters) - Oil prices settled mixed on Monday as investors wondered whether crude supplies will increase and whether demand will be pressured by the recent surge i...

Read more
15 Nov 2021 06:13

UPDATE 6-Oil prices slide on strong dollar, rising crude supplies

(Adds latest prices, changes dateline to New York)By Laura SanicolaNEW YORK, Nov 15 (Reuters) - Oil prices slipped to a one-week low on Monday on expectations supplies will increase while demand will be pressured by the recent surge in energy cost...

Read more
11 Nov 2021 12:26

LONDON MARKET MIDDAY: Pound falls to near one-year low, lifts FTSE 100

LONDON MARKET MIDDAY: Pound falls to near one-year low, lifts FTSE 100

Read more
11 Nov 2021 08:54

LONDON MARKET OPEN: Auto Trader and Johnson Matthey bookend FTSE 100

LONDON MARKET OPEN: Auto Trader and Johnson Matthey bookend FTSE 100

Read more
10 Nov 2021 17:00

Battery swap startup Ample hits unicorn status with new funding round

By Paul LienertNov 10 (Reuters) - Ample, the San Francisco startup focused on electric vehicle battery swapping, has raised another $50 million, the company said on Wednesday, in a round led by Blackstone.The latest funding comes on the heels of a...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.