A subsidiary of Germany’s Munich Re will no longer insure the Nord Stream 2 pipeline from Russia to Europe amid the fear of sanctions by the U.S. government. The U.S. has been threatening sanctions against European companies that support construction …
The future of Nord Stream 2 looks increasingly uncertain as the U.S. ramped up pressure on the project with new sanctions, and companies walked away from the controversial Russian gas link. The new sanctions come just days before work on …
Zurich Insurance Group will drop out of Russia’s Nord Stream 2 project in the face of looming U.S. sanctions against European companies that support construction of the $11 billion gas pipeline, two sources familiar with the situation said. The U.S. …
Zurich Insurance Group emphasized its compliance standards on Wednesday while declining to comment specifically on the Russia-led Nord Stream 2 gas pipeline project. The U.S. State Department has warned European companies involved in Nord Stream 2 that they risk sanctions …
Russia is stepping up work on the Nord Stream 2 pipeline before the U.S. tightens sanctions against the controversial project designed to feed more natural gas into Germany. Construction of the 1,230-kilometer (764-mile) pipeline reached a milestone on Monday with …
The world’s largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions. Associations belonging to the International Group of P&I Clubs, including …
A natural gas pipeline erupted in flames near Houston after it was accidentally cut Wednesday afternoon by a contractor, officials said. The accident happened about 4:45 p.m. in the town of Mont Belvieu, about 30 miles east of Houston. No …
Officials say a second worker injured in the Oct. 31 explosion of a major gasoline pipeline in Alabama has died. Al.com quotes the Occupational Health and Safety Administration as saying the employee died on Nov. 22 from injuries received during …
The U.S. National Transportation Safety Board said on Friday it had opened an investigation into the Colonial Pipeline Co accident in Helena, Alabama, which killed one worker and seriously injured four others. Colonial’s gasoline pipeline ruptured on Monday during routine …
This story is an update to an earlier one updating the worker injuries and one fatality. The owner of the biggest U.S. fuel pipeline said it may resume service on its gasoline line at noon local time Saturday after an …
