A 'hairline' crack in the Forties Pipeline System (FPS), which in 2017 brought 40% of North Sea oil onshore to Scotland, has helped to push oil prices up, thanks to its operator INEOS deciding to shut down the system for repairs. The 235mi-long FPS is a major trunkline…
UK explorer Siccar Point Energy E&P has signed up a rig to drill a well on the Lyon prospect, west of Shetland. Lyon is due to be drilled in 2018, using North Atlantic Drilling's West Hercules semisubmersible, immediately following drilling a Cambo appraisal well…
Chemicals and oil products group Ineos' subsidiary Ineos UK SNS has agreed to acquire a majority stake in two West of Shetland exploration licenses from Siccar Point Energy. The area, called the Northern Gas Fields, contains the estimated 1-3 Tcf recoverable Lyon prospect…
UK oil major BP is set to sell its operated interests in the Bruce, Keith and Rhum fields, including three bridge-linked platforms and subsea infrastructure in the North Sea to UK independent Serica Energy. Subject to completion of the deal…
Chemicals and oil products firm INEOS, which has UK upstream assets, has awarded a two-year well testing contract to oilfield services company Expro. The contract will see Expro provide testing services for at least three wells, including two new drills and one re-entry…
INEOS has completed its acquisition of the North Sea Forties Pipeline System (FPS) and associated pipelines and facilities and the Kinneil Terminal from oil major BP. The 235-mile pipeline system links 85 North Sea oil and gas assets to the UK mainland and the INEOS site in Grangemouth…
DONG Energy A/S shareholders approved at an extraordinary general meeting today (30 October) the company changing its name to Ørsted A/S. The company is changing its name to match its strategic transformation from black to green energy following its divestment of its oil and gas production…
DONG Energy (Danish Oil and Natural Gas) has proposed to change its company name to Ørsted, following its strategic transformation from black to green energy and the recent divestment of the upstream oil and gas production. Turbine…
DONG Energy completed the divestment of its upstream oil and gas business, DONG E&P to Ineos, creating Ineos DeNoS. Image from Ineos. Ineos DeNoS will form part of Ineos Oil & Gas…
DONG Energy has today agreed to sell its E&P business, including a stake in the Rosebank field, west of Shetland, to petro-chemical business Ineos for US$1.05 million, plus $250 million in contingent payments. Ineos, which recently acquired the Forties pipeline system from BP…
UK-based, Calgary-listed Sterling Resources has completed a deal to sell its UK business to Amsterdam-based Oranje‐Nassau Energie for US$113.8, including settling a debt, and now plans to wind up the business. Sterling Resources'…
BP has agreed to sell its Forties Pipeline System (FPS) business to INEOS in a US$250 million deal, to focus on its major offshore interests west of Shetland and in the Central North Sea. Image from BP…
INEOS UK E&P Holdings has secured a five-year US$294,000 million (£220 million) reserve-based lending facility, which it plans to use to acquire future projects. The facility, the firm's first reserves based lending facility, was secured…
Chemicals company INEOS has increased acquired the 25% interest in the Clipper South gas field, further increasing its ownership in North Sea fields. INEOS had announced earlier this month its acquisition of a portfolio of natural gas assets…
INEOS has agreed to acquire a strong portfolio of natural gas assets in the North Sea from a UK subsidiary of DEA Deutsche Erdoel AG, which is part of the LetterOne Group. Image from INEOS. INEOS Upstream will acquire gas fields…
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