MOSCOW—The Kremlin said on Oct. 21 that U.S. sanctions targeting the Russia-led Nord Stream 2 gas pipeline project were unfriendly and destructive.
The State Department said on Oct. 20 that Secretary of State Mike Pompeo would submit a report to Congress on sanctions against vessels engaged in pipe-laying for Nord Stream 2.
Construction of the 1,230-km Nord Stream 2 pipeline to Germany is almost complete, barring a roughly 120 km final stretch in Danish waters.
Work stopped in December after pipe-laying company Swiss-Dutch Allseas suspended operations because of U.S. sanctions targeting companies providing vessels.
U.S. energy firms this week added oil and natural gas rigs for the 11th time in 12 weeks as producers return to the wellpad even as most are cutting spending this year and next.
Ascent Resources and CNX Utica Shale completions, a Louisiana Austin Chalk venture plus two significant discoveries reported in Egypt top this week’s drilling activity highlights from around the world.
Agency is considering lower royalties; most GoM facilities are producing at less than 25% capacity.