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The NewNew Polar Bear is a container ship travelling between Europe and China via the Northern Sea Route in the Arctic. On Monday, it left the Baltic Sea and entered the North Sea to head north along the Norwegian coast. The KV Sortland followed the NewNew Polar Bear at a distance of 1 nautical mile, or about 1.8 km, for about 15 hours. NewNew Shipping, the owner and operator of the NewNew Polar Bear, declined to comment when contacted by Reuters. Oslo is closely monitoring the progress of the probe in the Baltic Sea incident.

Persons: Christian, Nerijus Adomaitis, Anne Kauranen, Gwladys Fouche, Bill Berkrot Organizations: REUTERS, Rights, Norwegian Navy, KV, KV Sortland, NewNew Shipping, Reuters, Navy, Andrius, Thomson Locations: Nord, Mukran, Ruegen, Rights OSLO, HELSINKI, Norwegian, Gulf of Finland, Norway, Russian, Baltic, Europe, China, Bergen , Marine, NewNew, Oslo, Helsinki, Andrius Sytas, Vilnius, Beijing

☆ BP’s German wind option risks multiple blowbacks
▼ + stars: | 2023-07-13 | by ( George Hay | ) www.reuters.com time to read: +5 min

But Germany also aims to raise as much cash as possible from selling wind power development rights. But wind projects around the world have been hit by turbine makers like Siemens Gamesa and Vestas (VWS.CO)hiking prices in 2022 by 30%. Shaking down the private sector is fine, but not if you’re left with no wind projects. Reuters Graphics Reuters GraphicsFollow @gfhay on TwitterCONTEXT NEWSOil majors BP and TotalEnergies have won a 7 gigawatt (GW) offshore wind site auction in Germany worth 12.6 billion euros ($13.96 billion). BP’s initial payments totaling 678 million euros, equivalent to 10% of the bid amount, will be paid by July 2024.

Persons: Bernard Looney, TotalEnergies, Looney, TotalEnergies ’, Patrick Pouyanné, Bernstein, you’re, BP, Aimee Donnellan, Pranav Kiran, Streisand Neto Organizations: Reuters, BP, Bernstein Research, Siemens, Reuters Graphics Reuters, TotalEnergies, Federal, Thomson Locations: Germany, Berlin, U.S, Heligoland, Baltic, Ruegen, Europe, TotalEnergies

Companies Bp Plc FollowTotalEnergies SE FollowFRANKFURT/LONDON, July 12 (Reuters) - Oil majors BP (BP.L) and TotalEnergies (TTEF.PA) emerged as the winners in a 7 gigawatt (GW) offshore wind site auction in Germany worth 12.6 billion euros ($13.96 billion), highlighting the appeal of renewable assets across Europe. "The results confirm the attractiveness of investments in offshore wind power in Germany," said Klaus Mueller, president of Germany's energy regulator Bundesnetzagentur. Analysts at Jefferies noted the high price for the auction, adding that it implied "high interest in European offshore wind sites from energy companies/developers". BP won the rights to develop two projects, marking its entry into offshore wind in continental Europe and representing 4 GW out of the total, it said in a separate statement. "This is a significant milestone for BP, showing our commitment to transitioning into an integrated energy company," BP head of offshore wind Matthias Bausenwein said.

Persons: Klaus Mueller, Matthias Bausenwein, Patrick Pouyanne, TotalEnergies, Vera Eckert, Christoph Steitz, Ron Bousso, Friederike Heine, Sharon Singleton, Chris Reese Organizations: Bp, Oil, BP, Jefferies, Federal, Thomson Locations: FRANKFURT, LONDON, Germany, Europe, Heligoland, Baltic, Ruegen, TotalEnergies, Frankfurt, London

☆ Germany tells UN: Nord Stream inquiry found subsea explosive traces on yacht
▼ + stars: | 2023-07-11 | by ( Michelle Nichols | ) www.reuters.com time to read: +3 min

[1/3] The 50-feet-long charter yacht "Andromeda", which German prosecutors had searched believed to be used for the blasts of the Baltic Sea pipelines Nord Stream 1 and Nord Stream 2 is seen in a dry dock in Dranske at Ruegen island, Germany, March 14, 2023. A series of unexplained explosions hit the Nord Stream 1 and 2 pipelines connecting Russia and Germany under the Baltic Sea last September in the exclusive economic zones of Germany, Sweden and Denmark. "It is suspected that the boat in question may have been used to transport the explosives that exploded at the Nord Stream 1 and Nord Stream 2 pipelines," the letter said of Germany's inquiry. "According to expert assessments, it is possible that trained divers could have attached explosives at the points where damage occurred to the Nord Stream 1 and Nord Stream 2 gas pipelines, which are laid on the seabed at a depth of approx. Russia failed in March to get the U.N. Security Council to ask for an independent inquiry into the Nord Stream blasts.

Persons: Oliver Denzer, Michelle Nichols, Stephen Coates Organizations: Nord, REUTERS, UNITED NATIONS, . Security, Reuters, Thomson Locations: Baltic, Dranske, Ruegen, Germany, Sweden, Denmark, Russia, Moscow, Ukraine, Russian

☆ Poland was not hub for Nord Stream sabotage, prosecutors say
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +2 min

WARSAW, June 22 (Reuters) - There is no evidence to suggest that Poland was used as a hub for the sabotage of the Nord Stream pipeline, Polish prosecutors said on Thursday, rejecting a report that a team that blew up the pipelines may have used Poland as an operating base. The Wall Street Journal newspaper reported this month that German investigators are examining evidence suggesting a sabotage team used Poland as its base to damage the Nord Stream pipelines in the Baltic Sea in September. "The statement that 'Poland was a logistics hub for the operation of blowing up Nord Stream' is completely untrue and is not supported by the evidence of the investigation," the Polish National Prosecutor's Office said in a statement. Citing people familiar with the voyage, it said the sabotage crew placed deep-sea explosives on Nord Stream 1 before they setting the vessel on a course towards Poland. Polish prosecutors said that the Andromeda had sailed to Poland from the German island of Ruegen and spent 12 hours in a Polish port.

Persons: Alan Charlish Organizations: WARSAW, Street Journal, National Prosecutor's, Rzeczpospolita, Thomson Locations: Poland, Nord, Baltic, Ruegen, Polish

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