Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video 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 2-Nord Stream 2 says preparations for construction in Danish waters can go ahead

Fri, 15th Jan 2021 11:24

(Adds input from consortium, comments by German foreign
minister, Wintershall CEO, adds details throughout)

BERLIN, Jan 15 (Reuters) - The Russia-led Nord Stream 2
(NS2) consortium on Friday said preparatory work to complete the
subsea gas pipeline to Germany in Danish waters can go ahead,
pointing to the latest notifications by the Danish Maritime
Authority.

Denmark's Nautiskinformation notified shippers on Thursday
that prohibited areas near Bornholm would be established
beginning on Friday for the pipe laying vessel Fortuna, assisted
by construction and supply vessels.

Earlier, the German business daily Handelsblatt said the NS2
group, which is led by Russia's Gazprom, was delaying
the completion work, linking this to enhanced sanctions pressure
from Washington aimed at halting the project.

A spokesman for the Switzerland-based group, who had
referenced the Danish website, said he would not comment any
further.

The consortium will probably be able to say at the end of
January or in early February when work will resume, the
Handelsblatt report had quoted the group as saying.

More than 90% of the project has been completed.

According to Refinitiv Eikon ship tracking data, the Fortuna
was anchored near the German port of Rostock on Friday.

Construction of Nord Stream 2 was initially halted in
December 2019 following the sanctions threat from the United
States, which wants to cut Europe's dependence on Russian energy
and sell its own liquefied natural gas to the region.

Nord Stream 2 is designed to double capacity of the existing
undersea Nord Stream gas pipeline from Russia to Germany to 110
billion cubic metres (bcm) per year, more than half of Russia's
overall pipeline gas exports to Europe.

German Foreign Minister Heiko Maas said on Friday the
government will consult with the new U.S. administration about
the project as soon as it takes office.

Separately, Germany's maritime authority, BSH, said on
Friday it had given Nord Stream 2 permission to lay pipelines in
its exclusive economic zone any year from the end of September
to the end of May, following an application from the consortium
in June 2020.

The CEO of Wintershall DEA, one of five Western
partners, said on Friday he had not received any letter from
Washington, a day after the CEO of Uniper said the
same.
(Reporting by Kirsti Knolle and Oliver Danzer in Berlin,
Christoph Steitz and Vera Eckert in Frankfurt and Vladimir
Soldatkin in Moscow Editing by Mark Potter and Matthew Lewis)

More News
7 Jan 2022 08:17

LONDON BRIEFING: Shell warns on cash outflows but continues buybacks

LONDON BRIEFING: Shell warns on cash outflows but continues buybacks

Read more
7 Jan 2022 07:57

LONDON MARKET PRE-OPEN: Shell says buybacks to continue "at pace"

LONDON MARKET PRE-OPEN: Shell says buybacks to continue "at pace"

Read more
7 Jan 2022 07:49

Shell to proceed with share buyback 'at pace' despite weaker oil performance

(Sharecast News) - Royal Dutch Shell said its $7bn share buyback programme would continue "at pace" despite weaker oil product sales due to the Omicron Covid variant and forex headwinds in Turkey.

Read more
7 Jan 2022 07:27

UPDATE 3-Shell pursues $7 billion buyback 'at pace' despite LNG troubles

* LNG production hit by outages in Australia* Marketing earnings impacted by Omicron slowdown (Adds share price)By Ron BoussoLONDON, Jan 7 (Reuters) - Royal Dutch Shell said it will pursue "at pace" a $7 billion share buyback largely funded from t...

Read more
7 Jan 2022 07:27

UPDATE 1-Shell to continue $7 bln buyback programme 'at pace'

(Adds detail)By Ron BoussoLONDON, Jan 7 (Reuters) - Royal Dutch Shell said on Friday its $7 billion share buyback programme, of which $1.5 billion has been completed, will continue "at pace" despite a slowdown in fuel demand due to the Omicron COV...

Read more
7 Jan 2022 07:27

UPDATE 2-Shell pursues $7 billion buyback 'at pace' despite LNG troubles

* LNG production hit by outages in Australia* Marketing earnings impacted by Omicron slowdown (Adds details, graphics)By Ron BoussoLONDON, Jan 7 (Reuters) - Royal Dutch Shell said it will pursue its $7 billion share buyback programme after selling ...

Read more
7 Jan 2022 07:10

Shell to continue $7 bln buyback programme 'at pace'

LONDON, Jan 7 (Reuters) - Royal Dutch Shell said on Friday its $7 billion share buyback programme, of which $1.5 billion has been completed, will continue "at pace" despite a slowdown in fuel demand due to the Omicron COVID-19 variant.(Reporting b...

Read more
6 Jan 2022 23:48

U.S. court rejects laundromat owners' bid to block sale of Texas oil refinery to Mexico's Pemex

By Stefanie EschenbacherHOUSTON/MEXICO CITY, Jan 6 (Reuters) - A U.S. court on Thursday tossed out a request from two laundromat owners to block Mexican state oil company Petroleos Mexicanos (Pemex) from acquiring majority control of a Texas oil r...

Read more
6 Jan 2022 12:16

UPDATE 2-Key Kazakh oil fields pump despite protests

(Updates with Shell, details, background)By Ron Bousso and Rowena EdwardsLONDON, Jan 6 (Reuters) - Oil production at Kazakhstan's top three fields is continuing even as some contractors gathered outside the largest Tengiz field in support of protes...

Read more
6 Jan 2022 12:00

Shell-backed U.S. solar developer raises $775 million in equity

By Nichola GroomJan 6 (Reuters) - Silicon Ranch Corp, the U.S. solar project developer backed by Royal Dutch Shell, on Thursday said it raised $775 million in equity capital from new and existing investors.The announcement comes as renewable energ...

Read more
5 Jan 2022 09:54

UPDATE 2-Commodity-linked stocks lift UK's FTSE 100 after dull start

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Ocado, LSEG, Ferguson gain as brokerages raise share ratings* Gains in oil majors offset risk-off sentiment* FTSE 100 up 0.2%, FTSE 250 of...

Read more
4 Jan 2022 17:00

LONDON MARKET CLOSE: Stocks start 2022 in style as airlines fly higher

LONDON MARKET CLOSE: Stocks start 2022 in style as airlines fly higher

Read more
4 Jan 2022 12:04

LONDON MARKET MIDDAY: Bright start to 2022 as travel stocks take off

LONDON MARKET MIDDAY: Bright start to 2022 as travel stocks take off

Read more
3 Jan 2022 13:26

U.S. refiner HollyFrontier warns of lower than expected throughput

Jan 3 (Reuters) - U.S. oil refiner HollyFrontier Corp's fourth-quarter throughput will be lower than forecast, hit by weather and turnaround setbacks at refineries in Washington, New Mexico and Oklahoma, the company warned on Monday.Flooding in B...

Read more
31 Dec 2021 13:08

LONDON MARKET CLOSE: Muted finish as FTSE 100 rallies 14% in 2021

LONDON MARKET CLOSE: Muted finish as FTSE 100 rallies 14% in 2021

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.