war risks News

Norway to Improve Security Around Submarine Fiber Cables for Oil & Gas Industry

Norway will beef up security around the digital infrastructure that is essential for the Nordic country’s oil and gas production, following the recent sabotage on the Nord Stream pipelines. Norway will spend an additional 43 million kroner ($4.3 million) to …

Explosive Residue Found at Site of Nord Stream Leaks, Confirming Sabotage: Sweden

Investigators have found traces of explosives at the site of the damaged Nord Stream gas pipelines, confirming sabotage had taken place, a Swedish prosecutor said on Friday. Swedish and Danish authorities are investigating four holes in the Nord Stream 1 …

Nord Stream 1 Operator Finds Craters at Damaged Pipeline Site

The Swiss-based operator of Russia-led Nord Stream 1 gas pipeline said on Wednesday it had completed initial data gathering at location of the pipeline damage on line 1 in the Swedish exclusive economic zone and found “technogenic craters.” “According to …

Norway Sends Soldiers to Guard Major Oil & Gas Plants After Nord Stream Leaks

Norway’s military said on Monday it had posted soldiers to help guard major onshore oil and gas processing plants, part of a wider effort to boost security amid suspicion that sabotage caused leaks in the Nord Stream gas pipelines last …

Russia Gas Pipelines Now Have Four Leaks, Blamed by Some on Sabotage

Another leak on the Nord Stream 1 and 2 natural gas pipelines in the Baltic Sea has been disclosed, bringing the total number of ruptures to four, according to the Swedish Coast Guard’s Command Center. Sweden’s Coast Guard became aware …

EU Suspects Sabotage Is Cause of Leaks in Russia Gas Pipelines

Any deliberate disruption to the EU’s energy infrastructure would meet a “robust and united response,” its top diplomat said, after several states said two Russian pipelines to Europe that have been spewing gas into the Baltic had been attacked. It …

Global Financial Firms Reassess Risks of Operating in China if Taiwan Tensions Escalate

Global financial firms, still smarting from multi-billion dollar losses in Russia, are now reassessing the risks of doing business in Greater China after an escalation of tensions over Taiwan. Lenders including Societe Generale SA, JPMorgan Chase & Co., UBS Group …

U.S. Businesses in Taiwan See Limited Impact From Tensions With China

Most members surveyed by the American Chamber of Commerce in Taiwan said they had not been significantly affected by recent Chinese military drills around the island, but had heightened concerns, the group said on Friday. China, which claims Taiwan as …

China’s Military Drills Force Shippers to Reroute Vessels to Avoid Taiwan Danger Zones

Shippers rerouted vessels as China began its most provocative military drills in decades around Taiwan, with at least one owner barring ships from transiting the strait. Taiwan said China fired 11 missiles in waters around the island as of 4 …

Ukraine’s Richest Man Plans to Sue Russia for Destruction of Steel Plants, Lost Business

Ukraine’s richest man says he plans to sue Russia over what he said was $17 billon to $20 billion in losses caused by its bombardment of steel plants he owns in the devastated city of Mariupol. The Azovstal steelworks suffered …