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Finland's new LNG terminals can compensate for Balticconnector pipeline loss

Two new terminals for importing liquefied natural gas (LNG) to Finland have enough capacity to cover peak winter demand, making up for supply lost via the damaged Balticconnector pipeline, market observers said on Wednesday. ....

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Norway's Equinor signs 5-year gas supply deal with Austria's OMV

Norwegian energy group Equinor has signed a five-year agreement to supply gas to Austria s OMV as part of the latter s supply diversification strategy, the companies said on Wednesday. ....

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Czech government agrees to buy main gas storage firm from RWE

The Czech government has agreed to buy the main Czech gas storage company RWE Gas Storage CZ from Germany s RWE to bolster energy security after Russia s invasion of Ukraine, Prime Minister Petr Fiala said on Wednesday. ....

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Engie Takes a Hit from Covid, Weather

Engie Takes a Hit from Covid, Weather
Feb 26, 2021 10:55:am
Summary
by: William Powell
French utility Engie is expecting a significant improvement this year after Covid-19 wiped $1.2bn from its earnings in 2020 – assuming no additional stringent lockdowns and a gradual easing of restrictions over 2021 – it said February 26. Most of the losses were in the first half of 20.
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OMV Petrom Kicks off Black Sea Drilling

OMV Petrom Kicks off Black Sea Drilling
Jan 19, 2021 10:20:am
Summary
The Austro-Romanian operator is honing its focus on the Black Sea, with planned operations in multiple countries.
by: Joe Murphy
Austro-Romanian operator OMV Petrom has launched a new offshore drilling campaign in the Romanian Black Sea, involving two development wells at the shallow-water Istria block, it said on January 18.
Work on the first w.
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