INEOS FPS, operator of the key UK North Sea pipeline system - the Forties - has further delayed the planned shutdown of the pipeline system, citing customer requests.The pipeline system, the largest pipeline system in the UK North Sea - opened…
INEOS FPS has said that it has responded to requests from customers and delayed its planned summer shut down of the Forties Pipeline System in the UK North Sea.The pipeline system, the largest pipeline system in the UK North Sea - opened in…
UK-based emergency response and rescue vessel company Sentinel Marine has said it has won contracts worth £36 million (around $46,5 million) for its ERRV fleet in the North Sea.The company, which owns a fleet of 12 ERRV vessels said Friday the…
North Sea-focused oil and gas company Spirit Energy has signed an agreement to divest two non-core Danish assets to INEOS.Spirit Energy will, as part of the deal, sell to Ineos two of its companies with licenses in Denmark. The two companies jointly own 40% in the Hejre discovery and 27…
UK focused Siccar Point said it has completed an exploration well 208/02-1 on the Lyon Prospect in Licence P1854 in the West of Shetland, but the results fell short of expectations.Operator Siccar Point, which holds 33.34% interest in the license alongside partner Ineos (66…
Israel's Delek Group is close to clinching Chevron's oil and gas fields in the British North Sea, which have a price tag of around $2 billion, sources familiar with the matter told Reuters.Delek, via its North Sea oil and gas operator Ithaca Energy…
The Norwegian Petroleum Directorate (NPD) has granted the Norwegian energy giant Equinor a drilling permit for offshore wells 6507/3-13 and 6507/3-13 A in the Norwegian Sea.Wells 6507/3-13 and 6507/3-13 A will be drilled from the Transocean Spitsbergen…
Billionaire Jim Ratcliffe's petrochemicals company Ineos said on Wednesday it would spend 1 billion pounds ($1.33 billion) on UK energy assets, including the Forties pipeline, which carries almost half of Britain's oil and gas from the North Sea…
Italy's Eni has teamed up with private equity firm HitecVision to bid against Chrysaor for ConocoPhillips' North Sea oil and gas assets, sources close to the process said.Conoco relaunched the sale process in recent weeks after energy and chemicals firm Ineos…
UK-based oil products company Ineos Oil and Gas UK has completed a project to re-route production from its Clipper South field via the Shell operated Clipper field into the Bacton processing terminal.According to a company release, the USD 80…
Britain's richest man Jim Ratcliffe's oil and gas company Ineos Group Holdings is in exclusive talks with ConocoPhillips to buy North Sea oil and gas fields worth $3 billion from the U.S. energy company.Various news paper reports say that British…
Buzzard oilfield restarts, pumping below full rate-source; Forties has temporary flow restriction. Oil and natural gas flows along Britain's biggest and most important oil pipeline, Forties, were ramping up slowly on Thursday as the system…
UK North Sea Forties Pipeline System (FPS) operator Ineos says the system is now fully operational, following repairs works to a crack found in an onshore section of the pipeline, early December. 'All restrictions on the flow of oil and…
Forties Pipeline System (FPS) operator Ineos says all restrictions on flow through the pipeline have now been lifted following mechanical completion of a repair to the onshore section of the major North Sea export trunkline. 'All restrictions…
Work to fix a pipeline which is costing the UK North Sea industry millions in lost production a day is due to complete by Christmas, the operator has said. INEOS, which operates the Forties Pipeline System (FPS), a major export pipelines from some 80 assets in the UK North Sea…