Uniper

Uniper returned to profitability last year but said it expected lower earnings in 2024 due to likely lower energy prices. Uniper returned to profitability last year but said it expected lower earnings in 2024 due to likely lower energy prices. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all…

Three months before the Nord Stream pipeline exploded in what was almost certainly a brazen act of international sabotage, the Biden administration was briefed on a plot by the Ukrainian military to target the energy project for destruction, according to a new report from the Washington Post.Rob Savage on Collaborating with YellowJackets’ Sophie ThatcherThe warning about Ukraine’s plans came months before the oil pipeline—which stretched across the Baltic sea from Russia to Germany and delivered cheap natural gas to a…

It’s been close to half a year since the Nord Stream pipeline—a controversial Russian energy project designed to bring cheap natural gas to European markets—mysteriously exploded. In the immediate aftermath of the pipeline’s destruction, sabotage seemed like the most likely explanation. But despite six months having passed since the pipeline burst, nobody seems to know who is responsible—and some don’t seem all tooeager to find out, either.Deadly Mississippi Tornado Kills More Than 2 Dozen | Extreme EarthThis week, the…

Photo: Swedish Coast Guard (Getty Images)Several weeks after a journalist accused the U.S. government of being behind the Nord Stream pipeline’s destruction, sources within the government are telling the New York Times that a “pro-Ukrainian group” is actually responsible for the brazen act of international sabotage. To review—large stretches of the natural gas pipeline known as the Nord Stream unexpectedly exploded last September, in what some speculated was the “single largest release of methane in history.” A conduit…

BERLIN—The chief executive of German utility Uniper SE plans to resign this year after the company, hit hard by Russia’s decision to halt most of its natural-gas exports to Europe, was nationalized by the government. Klaus-Dieter Maubach, who was appointed to the position in 2021, will exercise a special right of termination due to the change of ownership, the company said Tuesday. Uniper’s Chief Operating Officer David Bryson will also depart, using the same right. Both will continue in their roles…

BERLIN—Energy giant Uniper SE UN01 -4.19% posted a net loss of around $39.3 billion for the first nine months of the year—one of the biggest in Germany’s corporate history—highlighting the financial fallout from Russia’s decision to throttle natural-gas deliveries to Europe. The company, which is soon to be nationalized by Germany in an attempt to stabilize it and protect its customers, said Thursday it was finalizing the details of…

Unused segments of the Nord Stream pipeline lay in Germany’s Port of Mukran.Image: Stefan Sauer (AP)A new video from the Nord Stream pipeline leaks that began last month reveal a major wound—a hole about 50 meters (164 feet) across located approximately 80 meters (262 feet) below the ocean’s surface.The Nord Stream pipeline system is a massive project connecting the natural gas output of Russia to Germany, and last month it began to leak. As gas poured out of the pipeline following a series of explosions last month,…

Nord Stream Pipelines 1 and 2 were likely sabotaged, according to the results of a preliminary Swedish investigation, which found evidence of the use of explosive devices. The pipelines cross the Baltic sea, delivering natural gas from Russia to Germany. Four suspicious leaks appeared in the pipelines at the end of September, and now Sweden’s findings bolster the widely held view that the pipelines were intentionally damaged.“We can confirm that there have been detonations at Nord Stream 1 and 2 in the Swedish economic…

BERLIN—Germany will nationalize Uniper, UN01 -21.55% seeking to save the country’s largest gas importer that was hit hard by Russian natural-gas cuts to Europe.The German government said Wednesday it would take a 99% stake in the energy giant and inject in 8 billion euros, equivalent to around $8 billion. Berlin will acquire the stake of Uniper’s parent company, Finnish utility Fortum Oyj. FORTUM 13.97% Uniper was…

Uniper has received billions in financial aid from the German government as a result of surging gas and electric prices following Russia's war in Ukraine.Picture Alliance | Picture Alliance | Getty ImagesThe German government on Wednesday agreed the nationalization of utility Uniper as it strives to keep the industry afloat in the wake of a worldwide energy crisis.Having already agreed in July to bail out the major gas importer with a 15 billion euro ($14.95 billion) rescue deal, the state will now buy out the 56% stake…