Russia Urges Germany and EU Not to Delay Nord Stream 2
Russia on Monday urged Germany and the European Union not to drag its feet over certification of the Nord Stream 2 gas pipeline, which has become a focal point in political disputes between Moscow and the West.The pipeline to Germany would double Russian gas export capability under the Baltic Sea to 110 billion cubic meters per year, circumventing Ukraine.The project, lead by Russia's Gazprom, has been a geopolitical irritant to the United States and countries including Ukraine and Poland since before construction was completed in September, with regulatory clearance expected no earlier than t
Nord Stream 2 Pipeline Completed, Gazprom Says
Gazprom said on Friday it had finished construction of the Nord Stream 2 subsea pipeline to Germany, completing Moscow's project to increase its gas export capability and bypass Ukraine, but flows have yet to be cleared by regulators.The much-politicized pipeline will double Russia's gas exporting capacity to Europe via the Baltic Sea and will allow Moscow to circumvent its political foe Ukraine as a major route for its lucrative gas exports to Europe."The head of the management board…
Sembawang Wins Historic FPSO Conversion Contract
Sembawang Shipyard won $53.5 million contract from Bergesen Worldwide Offshore to convert the Ultra Large Crude Carrier, BW Enterprise to an FPSO (Floating, Production, Storage & Offloading). Bergesen Worldwide Offshore will own and operate the FPSO in the Gulf of Mexico under a 15-year term agreement with Pemex. This is the first FPSO to be deployed in the Gulf of Mexico and will serve as a hub in the area and act as an export terminal. The contract calls for the 360,000 dwt tanker to be converted into an FPSO with 600,000 bpd handling inclusive of 200,000 bpd processing capacity with gas export capability. The shipyard will carry out detailed engineering…
