Ineos News

 

INEOS Delays Forties Pipeline Shutdown for 2021

Apr 08, 2020

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 Postpones Forties Pipeline System Shutdown

Mar 25, 2020

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…

Sentinel Marine Nabs $46,5M in ERRV Charters

Mar 05, 2020

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…

Spirit Energy Sells Danish Offshore Discoveries

Mar 03, 2020

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…

Siccar Point's Lyon Prospect Disappoints

Jun 28, 2019

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…

Delek Nearing Deal for Chevron's North Sea Fields

Apr 24, 2019

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…

Equinor Gets Drilling Permit

Apr 16, 2019

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…

Ineos to Upgrade Forties Pipeline

Mar 04, 2019

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…

Partners Eye Conoco's North Sea Assets

Feb 28, 2019

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…

Ineos Completes Clipper South Re-routing Project

Nov 22, 2018

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…

Ineos to Buy ConocoPhillips North Sea Assets

Nov 18, 2018

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…

North Sea Forties Pipeline Ramps Up Again Slowly

Feb 08, 2018

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…

Forties pipeline now fully operational

Jan 02, 2018

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 repairs 'mechanically complete'

Dec 27, 2017

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…

Forties pipeline repairs to complete by Christmas

Dec 22, 2017

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…

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