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

Companies

Sale of OMV service stations in Germany completed - AVIA takes over 46 stations

Austrian energy and chemicals group OMV has completed the sale of its service station business in Germany effective May 1, 2022. In February, the German Federal Cartel Office had approved the planned acquisition of the service station network of OMV…

Wintershall Dea plans H2 production and CO2 capture in Wilhelmshaven

With its BlueHyNow project, gas and oil producer Wintershall Dea wants to produce hydrogen on a large scale in Germany and store CO2 in deep geological layers under the North Sea. Production is to take place at the Wilhelmshaven site, where a…

Wintershall Dea draws Q1 balance sheet - "Billions would fall if project were abandoned to Russia"

After the write-off of the Nord Stream 2 financing had recently been the dominant topic at Wintershall Dea, triggered by the war in Ukraine, the current presentation of the quarterly figures at Wintershall Dea focused on the handling of the remaining…

ExxonMobil doubles quarterly profit

The U.S. energy group ExxonMobil has closed the first quarter with a significant jump in earnings. The sharp rise in energy prices in the first three months of this year not only increased sales, (+ 53 percent to 90.5 billion U.S. dollars), the…

BASF discontinues business in Russia and Belarus

Chemical company BASF plans to cease its activities in Russia and Belarus by the beginning of July 2022 in response to Russia's attack on Ukraine. The company had already announced at the beginning of March that it would no longer conclude any new…

Loss of billions for Uniper in the first quarter

The economic turmoil resulting from the Russian war of aggression has led to a billion-euro loss at Uniper in the first quarter. As the company announced in an investor conference, preliminary adjusted earnings before interest and taxes (adjusted…

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…