Pipelines News

 

Wintershall Dea Writes Off $1.1B Nord Stream 2 financing

Mar 02, 2022

German oil and gas firm Wintershall Dea, one of the five co-funders of Nord Stream 2, on Wednesday said it is writing off its 1 billion euros ($1.11 billion) financing in the gas pipeline that was suspended last week.The management board of…

Petrofac Taps Alam Maritim for Cendor Flexible Risers

Mar 02, 2022

Malaysian offshore oil and gas services provider Alam Maritim has won a contract with Petrofac to provide transportation, installation, and pre-commissioning of flexible risers for the Cendor pipeline project in Malaysia. The total contract value is RM52 million (around $12…

TDI-Brooks Puts New CPT System to Use

Mar 01, 2022

Marine data acquisition services company TDI-Brooks said it has conducted two projects with its new Neptune 5000 (N5K) cone penetration testing (CPT) System delivered from Datem in 2021.The first program was conducted in October for an offshore wind farm project on the U…

Nord Stream 2 Owner Mulls Insolvency in Wake of Pipeline Halt, Sanctions, Say Sources

Mar 01, 2022

The Swiss-based company which built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, two sources familiar with the situation said, as it attempts to settle claims ahead of a U.S. sanction deadline for other entities to stop dealings with it…

Nord Stream 2 AG CEO Steps Down from Soccer Club Schalke 04's Board

Feb 24, 2022

Matthias Warnig, the chief executive of Nord Stream 2 AG who has been targeted by U.S. sanctions, is stepping down from the supervisory board of German soccer club FC Schalke 04, the club said on Twitter.It said Warnig had informed the club that he was resigning with immediate effect…

Wintershall Dea: Political Suspension of Nord Stream 2 Pipeline Would Enable Compensation Claims

Feb 24, 2022

Wintershall Dea, one of the co-founders of Gazprom's Nord Stream 2 gas pipeline, on Thursday said canceling the project on political grounds would enable its operator to lodge compensation claims.The group's remarks come as Moscow launched an…

U.S. Sanctions Nord Stream 2 AG and its CEO

Feb 24, 2022

The United States on Wednesday imposed sanctions on the company in charge of building Russia's Nord Stream 2 gas pipeline, expanding penalties on Moscow after it recognized two breakaway regions in eastern Ukraine.The sanctions, which target the Nord Stream 2 AG company and its CEO…

Germany's Chancellor Scholz Halts Nord Stream 2 as Ukraine Crisis Deepens

Feb 22, 2022

German Chancellor Olaf Scholz halted the Nord Stream 2 gas pipeline project designed to bring more Russian gas to Germany on Tuesday after Russia formally recognized two breakaway regions in eastern Ukraine.Europe's most divisive energy project…

Steel Pipe Giant Tenaris Sees Further Sales and Margins Boost in H1, Shares Rise

Feb 17, 2022

Steel pipe giant Tenaris TENR.MI expects a further increase in sales in the first half of the year after posting strong results in the latest three months of 2021, driving a 2.4% rise in its Milan-listed shares on Thursday.The company, which…

Oil Spills from Eni's Irish Sea Pipeline

Feb 16, 2022

Oil has spilled from an Eni-operated oil pipeline in the Irish Sea, the UK Energy & Climate Change Minister Greg Hands MP said on Twitter Tuesday.'I am being kept regularly updated following a release of oil from a pipeline in the Irish Sea…

Putin: Nord Stream 2 Pipeline Would Strengthen Europe's Energy Security

Feb 15, 2022

Russian President Vladimir Putin reiterated on Tuesday after meeting German Chancellor Olaf Scholz that the Nord Stream 2 gas pipeline, which is still awaiting regulatory approval, is a 'purely commercial' project which will strengthen Europe's energy security…

Austria Resists Including Nord Stream 2 in EU Package of Russia Sanctions

Feb 11, 2022

Austria is sticking with its opposition to including the Nord Stream 2 gas pipeline in a package of sanctions against Moscow that the European Union is preparing in the event Russia invades Ukraine, Foreign Minister Alexander Schallenberg said on Friday…

Worley Gets Funding for Enhanced Subsea Gas Tieback Project

Feb 11, 2022

Worley's Aberdeen office has been given £765,000 support from Scotland's national economic development agency Scottish Enterprise for full pre-production testing of its pseudo dry gas (PDG) liquid removal system.According to Worley, the Enhanced…

Biden: Nord Stream 2 Will Be Halted if Russia Invades Ukraine

Feb 08, 2022

U.S. President Joe Biden said on Monday that the Nord Stream 2 gas pipeline would be halted if Russia invades Ukraine and stressed unity with German Chancellor Olaf Scholz as the West rallies to avert a war in Europe.At a White House press conference with the new German leader…

Thai Beach Declared Disaster Area after Offshore Oil Spill

Jan 31, 2022

A beach in eastern Thailand was declared a disaster area on Saturday as oil leaking from an underwater pipeline in the Gulf of Thailand continued to wash ashore and blacken the sand.The leak from the pipeline owned by Star Petroleum Refining…

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