"Nord Stream 2" News

New Money, Finds & Field Starts

Aug 13, 2019

Norway’s government will earn around NOK 265 billion ($30 billion) taxing and taking up stakes in its oil and gas fields in 2019, and Norwegian production is on the rise. In contrast, Britain in 2019 will earn about GBP 1.1 billion ($1.34 billion)…

What Became of the Toisa OCV Fleet?

Aug 13, 2019

In July 2017, with overall debts totaling about $1 billion, Gregory Callimanopulus led Toisa Ltd was forced into selling off its entire fleet. What followed was one of the largest and most systematic selloffs in offshore history, and for the…

US Considering Sanctions Over Nord Stream 2

Jun 12, 2019

President Donald Trump said on Wednesday he was considering sanctions over Russia's Nord Stream 2 natural gas pipeline project -- which the United States has told European companies to avoid -- and warned Germany against being dependent on Russia for the fuel…

Nord Stream 2 Launch Facing Delays

May 17, 2019

Russia's Nord Stream 2 gas pipeline project to Germany may launch in 2020, rather than the end of 2019, due to delays in obtaining permits from Denmark, Interfax news agency on Friday quoted Nord Stream 2 AG as saying.The Russian-led company…

Solitaire on Nord Stream 2 Job in Russia

May 02, 2019

Allseas-owned pipelay vessel Solitaire has started laying the first line of the Nord Stream 2 twin gas pipeline in Russian waters.Solitaire will spend about a month constructing one of the two  approximately 100-kilometres-long sections in the Russian territorial sea…

EU: New Rules Apply to Nord Stream 2

Apr 25, 2019

The European Union executive on Thursday said its stance on Nord Stream 2 is law and will not change, despite receiving letter from the gas pipeline threatening legal action if it is not exempt from new energy rules.The bloc amended its energy…

1000 Km of the Nord Stream 2 Pipeline Laid

Apr 15, 2019

1000 km of the Nord Stream 2 pipeline has now been laid in the Baltic Sea in Finnish, Swedish and German waters.Two Allseas pipelay vessels - Pioneering Spirit and Solitaire - are currently installing the pipeline in Swedish waters.Some twenty…

Nord Stream 2 Expecting Denmark Approval

Mar 25, 2019

The Russian-led Nord Stream 2 gas pipeline company expects to receive approval from Danish authorities for a 180-km stretch of the pipeline under the Baltic Sea in time to finish the pipeline by the end of 2019 as planned, a spokesman said on Monday…

Pioneering Spirit Gets a Scrub Down

Mar 19, 2019

The world's largest vessel, Pioneering Spirit, received a robotic hull cleaning during a recent port call in Rotterdam.The Allseas owned multipurpose vessel, which is on a temporary break from Nord Stream 2 pipelaying activities, made a stop…

Rising US Oil Clout on Show in Houston

Mar 15, 2019

A glance at the attendee list at one of the world's largest energy industry events in Houston this week left little question about the growing influence of the United States over global oil politics.Present: top U.S. diplomat Mike Pompeo. Absent: leading Saudi and Russian officials…

Pioneering Spirit to Install Johan Sverdrup Living Quarters

Mar 15, 2019

The fourth and final platform for the first phase of the giant Johan Sverdrup project offshore Norway is ready for sail-away from Kværner’s yard on Stord, to be transported about 140 kilometers west of Stavanger and installed in a single lift by specialist mega vessel Pioneering Spirit…

Pioneering Spirit Shifts to the North Sea

Mar 06, 2019

The world's largest heavy lift and pipelay vessel, Pioneering Spirit, will take a temporary pause from Nord Stream 2 pipelaying activities in the Swedish Exclusive Economic Zone to perform planned platform lift work in the North Sea.The Allseas-owned vessel…

EU Takes Aim at Offshore Pipelines

Feb 11, 2019

Nord Stream 2 — the Gazprom company building a pipeline from Russia to Germany — said Monday it was too early to tell what effects, if any, proposed new EU rules for offshore pipelines might have on their project or those of others aiming to bring gas to Europe…

Pioneering Spirit Joins Nord Stream 2

Dec 16, 2018

Pipelay vessel “Pioneering Spirit” will enter the Baltic Sea via the Great Belt Bridge in Denmark to join the Nord Stream 2 construction fleet. The vessel is due to start pipelay in the Finnish Exclusive Economic Zone (EEZ) in the coming week…

Norway Spending Surges

Dec 04, 2018

New North Sea, Baltic Sea pipeline adds to Norway’s $20.5 billion 2019 spendNorway — that most capital-intensive of oil provinces — will see investments offshore increase by $2.34 billion in 2019, after a year that saw seven oilfield projects…

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