Nord Stream Ceases Operations

Posted: March 4, 2022
Category: News Pulse

RP Weekly Recap | February 28 – March 4


The operator of Nord Stream 2 AG, a major gas pipeline connecting Russia with Germany, has laid off all of its staff and wound down its operations, according to a Swiss official. The end of business operations follows less than a week after the German government suspended the operating permit for the pipeline. The $11 billion project is fully complete, but last week, the administration of German Prime Minister Olaf Schultz decided that it will not be activated due to Russian aggression against Ukraine. Shortly after, the United States imposed stringent (though long-delayed) sanctions on Nord Stream 2 AG, giving counterparties until March 2nd to wind down their business relationships. Check out this story and more in this week’s recap of all things happening in oil and gas! 

COVID-19 Updates

COVID-19 Statistics

  • Number of Cases (Worldwide): 443,000,936 (up from 433,358,400last week)
  • Number of Cases (USA): 79,232,260 (up from 78,909,618last week)
  • Statistics courtesy of Johns Hopkins

Financial & Economic Updates

U.S. Oil Market News

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United States Rig Count

  • Up 0 from last week for a total of 650
  • Up 62% from one year ago
  • Statistics courtesy of Baker Hughes


Content UpdatesNews PulsePodcast

  • Last week we looked at blended ethanol to analyze if it made economic or energetic sense to produce. This week’s prime target is “biogas,” an umbrella term that looks to harness the wasted energy of food production and animal husbandry. Check out our latest Periodical to find out more! 

  • Curious about the U.S. Orphan Oil & Gas Wells Nationwide Elimination Program? Check out our coverage of the topic HERE!

  • Episode Seventeen of The Industry Leader Spotlight Podcast is available now! Be sure to check out our interview with Cary Stockdell, CEO of Stockdell Stringer Leadership Solutions!

  • RARE PETRO is the tik talk of the town! Short-form content to educate both the public or industry professionals is available NOW! Check out our latest Tik Tok Video uncovering what Hollywood does not understand about a blowout. 

  • RARE PETRO and Rainmaker GBD collaborate on a monthly newsletter highlighting everything you need to know about the energy sector. This is a video interview with RARE PETRO’s Anthony McDaniels as he speaks on the biggest stories and dives a little bit deeper into supporting data. Welcome to the second edition of “Side Chat”

  • Grab a drink and join us for our newest segment, Thirsty Thursday: An Inventory Report to see if we’ve been poured another tall glass of crude and whether or not the U.S. was thirsty enough to suck down another round.

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